Reporting structure: Managing Director
Purpose:
Ensure accurate financial reporting and compliance, proactively contribute to the strategic decision-making processes, using financial data to drive efficiency, profitability, and long-term success.
The successful candidate will have manufacturing industry background. KEY RESPONSIBILITIES: - Formulation, implementation and monitoring of internal controls and accounting processes to safeguard company assets.
- Creating workable information and reporting structure for management and employees and provide relevant information to enable them to make informed management decisions.
- Providing sufficient and effective support to all areas of the Company through system design and formulation.
- Ensuring that all Company policies and procedures are up to date, effective and appropriate for complete business support.
- Financial planning and on-going advice for the Managing Director and Senior Management.
- Formulating financial targets and annual budgets in accordance with the strategy determined by the Managing Director and Board of Directors.
- Overall control of all financial transactions and accountancy matters, including audit systems.
- Oversee preparation of Annual Financial Statements and facilitation of External Audit.
- Oversee BBBEE audit and implement improvements to Company BBBEE rating based on a minimum target set.
- Monitoring of compliance against Company policies regarding capital requirements, hedging, debt, taxation, equity and acquisitions, etc.
- Responsible for ensuring that the regulatory requirements of all statutory bodies are met regarding all the Company’s financial affairs.
- Responsible for overall cash management, both operational and hedging related, on an ongoing basis.
- Review of monthly management and quarterly directors’ financial reporting packs.
- Responsible for stock control and the implementation of procedures and control systems.
- Financial and administrative visionary – i.e. identifying, researching and implementing measures to increase company Profitability.
- Play an active role in the accurate calculation and management of operational and other costs and any losses incurred.
- Financial evaluation of any potential acquisition and / or internal expansion opportunities and facilitate effective integrations into the Group of Companies.
- Final approval of customer credit applications.
- Facilitate strategic discussions, with all stakeholders, around hedging strategies.
- Regular review of hedging strategy in line with mandated levels.
- Engage with customers and suppliers to ensure efficient and accurate transactional flow achieved and credit limits adhered to.
- Negotiations with key finance business partners such as banks and insurance service providers.
- Facilitate and provide input in Company risk review presented to Audit Committee.
- Shareholder interactions including facilitation of share purchase / sale transactions.
- In relation to group Pension Fund, provide support to staff and participate Fund related activities.
QUALIFICATION AND EXPERIENCE - Chartered Accountant CA (SA).
- Postgraduate Qualification advantageous.
- Registration with relevant professional body recommended.
- Advanced knowledge of IFRS and GAAP.
- 7+ Years’ of experience in financial management (post articles) including at least 4 years in a senior leadership role.
- Experience within a manufacturing environment is essential.
- Experience with hedge accounting recommended.
- Proven strategic leadership – experience in leading a finance team, overseeing budgeting, forecasting and reporting.
- Corporate governance and risk management – solid understanding and practical experience in ensuring compliance with legal regulations, risk management and corporate governance frameworks.
- Stakeholder engagement – experience engaging with senior stakeholders such as the Board of Directors, auditors and external partners.
