Chief Financial Officer

Our client, a leader in the Manufacturing industry is seeking a highly experience Chief Financial Officer to join their team based in Durban Hammersdale.

MINIMUM REQUIREMENTS

• 10 years post qualification financial management experience – within a manufacturing environment;
• Registered CA (SA);
• Tax, and financial regulatory and reporting requirements (IFRS);
• Strong costing and management accounting experience;
• Strong SYSPRO experience essential;
• Excellent communication, reporting and interpersonal skills, verbal and written;
• Ability to work well by oneself as well as in a team;
• Strong ability to solve problems and suggesting re-engineering methodologies to increase efficiency;
• Hands on;
• Cautious and diligent approach to daily tasks;
• Capability to effectively multitask;
• Ability to work well under pressure;
• Well organized with strong attention to detail;
• Honesty and integrity.

MAIN JOB FUNCTIONS

• Providing leadership, direction and management of the finance and accounting team
• Providing finance-related strategic recommendations to the CEO / executive management team
• Ensuring the accuracy, validity and completeness of management and financial accounting for the Group.
• Analysis, budgeting, reporting, and ensuring that all accounting, and regulatory requirements and deadlines are met and all records are maintained.
• Management of the IT function
• Management of the procurement function

Financial Management: 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 to ensure adequate funding for operations and strategic investments.
• 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.
• Provide insight to sales department to determine selling price and price increase.
• Provide strategic financial insight and analytics to the group to facilitate responsible decision making.
• Keep up to date with IFRS standards and all accounting concept, practices, and procedures.
• Lead the development of effective financial policies, procedures, and guidelines for Group.
• Overseeing commercial contracts with suppliers, retailers, agents to ensure that they are not commercially onerous
• Review procurement and contracts prior to settlement.
• Formulate and implement required controls.
• Ensure effective management of financial systems and records to ensure that Group finances are run effectively and financial data can be supplied accurately and timeously
• Ensure accuracy of the ERP system and that products are costed correctly.
• Ensure correct calculation and allocation of overheads.
• Ensure procedure manuals are adequately prepared and maintained regularly and are at the required standard.
• Identify and alert the CEO of any irregularity, lack of compliance, lack of adherence to process and procedures, weakness in internal controls, and any actual or potential concerns arising out of the financial and operational matters of the business.
• Provide oversight on procurement and IT departments.
• Liaise with auditors, bankers, and insurers
• Strategic Planning:
  Develop and implement the financial strategy of the company. This includes long-term financial planning and forecasting, risk management, and investment strategies.
• Act as a strategic business partner to the CEO and COO, providing insightful analysis and recommendations, driving business growth, support in setting business objectives, defining necessary actions/initiatives, implementing strategies, and ensuring successful execution of business plans.
• Monitor and drive financial performance against business objectives and commitments with investors. Implement action plans to improve financial performance where necessary, detailing risks and opportunities for achievement. Proactively capitalize on opportunities and mitigate risks through strategic financial…