Group Financial Director
Our client in the Durban West Area is looking for a Group Financial Director with 7 years plus post-CA (SA) experience coming from the Manufacturing industry. Must be a Qualified CA or Chartered Accountant CA(SA). Lead the development of effective financial policies, procedures, and guidelines for the Group.
Salary – High-end salary plus all the benefits and bonuses
Min Qualifications & Requirements
- Registered CA (SA) with 7 years post experience
- 7 years plus post-qualification financial management experience – within a manufacturing environment
- Tax, and financial regulatory and reporting requirements (IFRS)
- Strong costing and management accounting experience
Responsibilities
- Manage the company's financial operations.
- Ensure that the financial transactions, policies, and procedures meet the organization's short and long-term business objectives and are conducted in accordance with regulations, accounting principles, and standards.
- Oversee cash flow management, liquidity, and banking relationships.
- Ensure effective management of working capital.
- Manage and support finance, debtors, creditors, and cost accounting teams.
- Prepare and monitor weekly cash flows.
- Ensure standard costing and the related product costing model, bill of material are updated as necessary.
- Keep up to date with IFRS standards and all accounting concepts, practices, and procedures.
- Oversee commercial contracts with suppliers, retailers, agents to ensure that they are not commercially onerous.
- Review procurement and contracts prior to settlement.
- Develop organization prospects by studying economic trends and revenue opportunities; projecting acquisition and expansion prospects; analyzing organization operations; identifying opportunities for improvement, cost reduction, and systems enhancement; and accumulating capital to fund expansion.
- Oversee the preparation and communication of monthly and annual financial statements.
- Ensure the timely reporting of key financial data and updates to the CEO, Board of Directors, and other key stakeholders.
- Prepare financial reports including financial statements, strategic plans, budgets and financial forecasts up to consolidation level.
- Oversee and manage the budget monitoring process including the production of monthly and quarterly financial and performance reports and provide recommendations and advice to address significant variances.
- Prepare management accounts for 4 Group companies (2 manufacturing companies, property company and holding company) and consolidation.
- Compliance: Ensure legal and regulatory compliance regarding all financial functions. This includes tax planning and compliance with tax regulations.
- Implement and monitor compliance with all financial and accounting standards (IFRS and PFMA), procurement (PPPFA), CIPC and tax requirements.
We offer
- Medical Aid Contribution
- Provident Fund Contribution
- Annual Bonuses
- Performance Bonuses
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