POSITION: Financial Director
LOCATION: Midrand, Gauteng


This role will take accountability for the financial oversight and operations and support the executive team to achieve the business strategy.

Key Performance Areas:

• Financial:

• Review of monthly financial reporting including profitability, statement of financial position and trial balance
• Analysis of key financial information on a monthly and ad hoc basis
• Preparation of monthly flash and other group reporting
• Preparation of financial and other information for management and board meetings
• Preparation and review of annual budget information
• Input and review of monthly forecast information per business unit.
• Completion of the annual audit and finalization of the annual financial statements
• Preparation of key provision calculations including IFRS9 and inventory
• Review of customer/supplier onboarding and approval of new accounts
• Monitor customer overdue accounts and approve collection strategy.
• Review and approval of changes to various master data including customer, supplier, fixed assets.
• Review of monthly supplier reconciliations
• Approval of new beneficiaries and supplier payments on the banking system
• Review and approval of all tax related calculations and submissions including VAT, income tax, employee tax, withholding tax.
• Treasury and cashflow management on a daily basis to maximize interest.
• Monitor and manage foreign exchange exposure on a weekly basis!
• Ensure the accounting and tax compliance of transactions.
• Review of high value commission and bonus calculations
• Assessment and review of technical financial areas including external opinions and advice provided.

 

• Operational:

• Preparation of customer financing schedules
• Review of pricing methodology on key customer accounts
• Liaise with key customers/suppliers on account queries.
• Respond to customer / supplier related questionnaires.
• Provide financial advice to business units in terms of deal structuring.
• Review insurance requirements and submission of claims.
• Preparation of foreign salary payments

 

• Corporate Governance/ Compliance/ Internal Processes:

• Approvals of various tasks as required in terms of the delegation of authority.
• Monitor Finance compliance related tasks.
• Review and submission of compliance related questionnaires.
• Regular review and updates where necessary of Finance policies
• Involvement in internal and external audits ensuring no material issues are noted.
• Drive system improvements where reporting is inaccurate or can be implemented to create efficiencies.
• Drive digitization of finance processes
• Preparation of the Finance Risk register and review of the Group Risk Register

 

• People Management / People Development

• Set objectives for the Group Finance team and monitor and measure the achievement on a bi-annual basis.
• Management of the Group finance team, to ensure agreed deadlines are set and met.
• Performance management objectives are clearly defined and measured against for each    staff member.
• Approval and implementation of training and development plans
• Build and maintain relationships with internal/external stakeholders.
• Mentorship of finance management team

 

• Critical Requirements - Skills, Experience & Qualifications:

• Matric Certificate
• BCom Honors plus articles
• CA (SA) (a bonus)
• 10-15 years post articles experience – minimum
• Strong financial acumen
• Proven Business and commercial acumen
• Local and international tax and regulatory exposure
• Comprehensive financial risk management
• Understanding of ERP systems
• Management of a large diverse team
• Involvement in strategic business planning
• Professional report writing and presentation skills.
• Independent, reliable, Integrity, Teamwork
• Meticulous and Systematic
• Good communication and writing skills.
• Punctual
• Attention to detail.
• Good Microsoft Office skills (Excel, Word etc.)
• Network / Building relationships.
• Continuous learning and improvement
• Customer Service Orientation
• Service Management