Chief Financial Officer Jhb

Chief Financial Officer - Jhb Finance/Accounting

Johannesburg - Gauteng

Chief Financial Officer (CFO)/Head of Finance

Johannesburg North

Reports to the CEO Africa and Middle East

Key Requirements/Non-Negotiable

• Must be a CA(SA) with at least 5 years relevant experience at Executive level
• Commercial Industry Experience

Minimum Qualifications

• Chartered Accountant (CA, SA)

Required Experience

• Minimum 10 years experience in financial accounting and financial management practices of which 5 years should be at an Executive Level
• Solid IFRS and Taxation experience and knowledge
• Strong budgeting, forecasting and Strategy experience
• Insurance and claims management
• Promotion of process improvement and strong internal controls
• Proficiency with Microsoft Suite, SAP and Power BI

Key Accountabilities

Financial Strategy Development and Implementation

• Support the CEO on strategy formulation and implementation
• Onboarding of new entities acquired by the Group
• Develop financial strategies to enhance the financial performance, financial position and cash flows of the company
• Identifying financial and other resources required to meet the strategic growth requirements of the company
• Support the executive team members with strategic recommendations
• Preparation of Financial models as required by the CEO/Executives to assess the financial feasibility of new business/projects/products

Financial Management

• Develop the annual budget, bi-annual forecasts, and long-term plan, whilst ensuring alignment of resource allocation
• Provide financial projections, reporting and preparation of growth plans
• Monitor financial performance by measuring and analysing results, initiating corrective actions, and minimising the impact of variances
• Ensure that the company earns the highest possible risk-adjusted return on assets and return on capital (or return on equity)
• Oversee and monitor effective tax strategies and compliance
• Reporting of financial status by developing forecasts, reporting results, analysing variances, and developing improvements
• Coordinate the preparation of the Companys separate and consolidated Annual Financial Statements
• Oversee the annual external audit and ensure no material misstatements
• Oversee the internal audits in line with the annual plan. Ensure that adequate and effective controls are implemented for all findings raised
• Review and update the financial policies and procedures to improve the internal controls in the department and overall business
• Preparation of quarterly ExCo packs and bi-annual board packs for the required meetings

Treasury

• Manage the debt and liquidity profile of the company
• Optimise funding by matching long-term debt with long-term assets
• Reduce the cost of funding and maximise interest earned on excess cash
• Manage foreign currency risk exposure by procuring hedging instruments.
• Manage the calculation and payments of bi-annual dividends
• Investment of excess cash to generate returns as required
• Effective management of the working capital and cash flow cycle of the business
• Negotiation of interest rates with the company bankers
• Ensure that adequate banking facilities are in place to align with the growth requirements of the business

Manage Credit Control

• Oversight and management of the debtors book
• Ensure adequate credit insurance coverage of the debtors book
• Implementation of effective strategies and continuous improvements to ensure that the DSO remains below 45 days
• Maximise collections to improve working capital
• Ensure that bad debts are below the threshold of 0.1% of the annual gross billings
• Drive the recovery of legal accounts in conjunction with collectors / attorneys and the credit insurer
• Negotiate premiums with the credit insurer and perform an annual exercise of benchmarking premium paid with other insurers
• Review of credit assessments and ensure that at least 99% of the debtors book is insured
• Ensure compliance with policy conditions

Legal, Risk, and Compliance

• Responsible for the maintenance of the companys risk register
• Ensure accurate risk reporting to stakeholders quarterly
• Ensure that all relevant customer and supplier contractual documents are in line with business and legal requirements
• Ensure compliance with laws and regulations
• Ensure POPPI compliance within the business
• Engage with the company attorneys on all litigation matters
• Advise, assist, or lead on legal negotiations, including the reviewing and drafting of all legal documentation required

Special Projects and Ad hoc

• To accept additional responsibilities and accountabilities as delegated by the CEO from time to time
• Assist with strategic projects as required

Required Competencies

• Strategic thinking
• Strong Leadership
• Business acumen
• Problem-solving and decision-making
• Interpersonal skills
• Excellent verbal and written communication skills
• Change management
• Planning and organising
• Risk management
• Ability to handle pressure
• Attention to detail

Ideal Attributes

• Customer service orientation - able to handle a demanding and pressurised customer
• environment
• Excellent problem solving and decision-making skills
• Dynamic self-starter that works independently and has the ability to handle pressure
• effectively
• Ability to communicate within the team and contribute to the overall success of the team
• Adaptable and Agile as this is a constantly changing environment

Please Note: Should you not receive feedback within 3 months, please consider your application unsuccessful.

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