Chief Financial Officer
The client has a proud history of growth with a prevailing entrepreneurial culture tempered with a corporate and professional approach. The group works across the fishing, energy, petroleum, and gaming industries and is considered agile but structured in terms of deal-making. The company is proudly African and transformative in all respects and embraces change, both culturally and technologically. We are performance-driven but also sensitive to people development and social needs. We value meritocracy as well as ethical, moral, and principled leadership as seen in a zero-tolerance approach to corruption, bribery, and any form of unethical conduct.
The Chief Financial Officer will be responsible for all financial reporting and risk-related aspects of the organisation. The Chief Financial Officer is a member of the Group Executive Management Team and reports to the Group CEO. The responsibilities of the CFO include leading and directing the financial strategy and supporting the commercial strategy of the organisation through oversight of financial management, management accounting, capital raising and management, mergers & acquisitions, tax management, asset management, and supply chain management functions across the Group, thereby minimising financial risks and managing the sustainability of the organisation.
Education:
- Post-graduate / Honours Degree in Finance or Accounting (NQF Level 8)
- CA(SA)
- Post-graduate qualification in Commerce or Business Management.
- Leadership qualification e.g. MBA or Executive Development Programme
- Minimum CA(SA), Member of a recognised professional Institute Nationally, Regionally, or Internationally
Experience (Minimum Experience Required):
- + 12 years post-article experience in financial management, relevant work experience with leading edge multi-sector industrial organisations and operating at senior executive levels.
- + 8 years in a similar position within a similar size group or organisation within the South African or Regional environment
- + 5 years industrial sector and investment experience
Minimum Training and Knowledge:
- Experience in a similar position within a multi-industry environment. Knowledge of experience in an investment environment.
- Knowledge and understanding of the fishing, gaming, or energy industries would be ideal.
- Experience within an investment-focused environment.
- Experience in mergers and acquisitions would be advantageous.
Business And Finance Strategy and Planning:
- Initiate and drive the development of the Business Strategy and support the Group CEO in driving the execution of the strategy across the Group. Serve as a member of the Group Executive Committee.
- Develop the annual and 3-year Group Finance Strategy aligned to the Business Strategy. Guide and approve annual Finance operational plans, ensuring alignment to the Group Finance Strategy and Business Strategy.
- Provide expert financial advice and analysis to support decision-making to the Executive Committee, the Group CEO, and the Board. Produce monthly and quarterly reports on the performance of the division.
- Manage strategic, financial, and operational risks for the Group through the identification, development, and implementation of risk mitigation plans.
- Keep abreast of changes to legislation and regulations to improve the effectiveness and efficiency of the Group Finance function.
- Develop merger and acquisition strategies and manage implementation therein to increase the value of the company and improve competitive positioning.
Budget And Financial Planning:
- Drive the budget setting process, for both the annual and 3-year budget, by developing the appropriate guidelines for the Group.
- Oversee the cash flow, working capital management, and debt covenants to ensure all financial obligations are met.
- Monitor the execution of proper reporting on budget and cash flow matters.
- Engage with the Board and Executive Chairman on a regular basis to provide feedback regarding the performance of the organisation.
People Development and Management:
- Manage the recruitment of direct subordinates in accordance with company policy and procedure. Provide guidance, coaching, mentoring, and advice to subordinates.
- Develop performance contracts for subordinates and conduct performance reviews to measure performance against agreed objectives.
- Oversee the preparation of annual financial statements (and external audits) to agreed deadlines and in accordance with legislation and accepted accounting procedures.
Financial And Treasury Management:
- Provide a centre of excellence for the Group in the provision of financial services, advice, and support. Present financial performance of the Group in business reviews.
- Monitor tax planning and structuring to manage tax exposures. Oversee the administration of creditors and debtors.
Competencies and Skills:
- Sound knowledge of financial legislation, Treasury regulations, and other regulatory frameworks.
- Sound knowledge of financial reporting standards.
- Excellent communication skills – ability to understand business needs and communicate complex systems simply.
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