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
- Chartered Accountant (CA, SA)
- 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
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
- 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
- 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
- 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
- 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
- To accept additional responsibilities and accountabilities as delegated by the CEO from time to time
- Assist with strategic projects as required
- 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
- 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
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