Job Title

Chief Financial Officer

South Africa, Gauteng
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R150000 - R200000 Per Month
Area: South Africa, Gauteng
Sector: Manufacturing
Posted: 13 March 2024

Job Details

Job Summary – Chief Financial Officer for Manufacturing Concern

 

The Chief Financial Officer will direct and oversee the financial activities of the entity and the preparation of various financial reports, summaries and forecasts.

 

The position is highly operational and includes input into the strategic direction of the operations, including a manufacturing concern in Africa. The incumbent will need to manage, develop and guide staff and visit branches (in South Africa and African region). The incumbent will also be accountable for the internal control environment, including the automation of various controls and processes and working capital management.

 

Supervisory Responsibilities:

  • Oversees Accounting, HR and IT departments, budget preparation, financial reporting and audit functions.
  • Work with other department heads to monitor each operation and make recommendations.

 

Duties/Responsibilities:

  • Directs the preparation of all financial statements, including income statements, balance sheets, head office reporting and tax returns. Review monthly General Ledger reconciliations for all operations.
  • Oversee the preparation of Budgets and forecasts.
  • Compares sales and profit projections to actual figures and budgeted expenses to actual expenses; Monthly review, analyses and discussions of the income statement by operation.
  • Analyzes of operations to identify areas in need of reorganization, downsizing, or elimination.
  • Controls cash flow and working capital requirements and management – Review of all Creditors and debtors outstanding amounts and credit limits.
  • Review of Stock Aging and plans to reduce levels.
  • Approves Creditors payments for SA operations and ensures all foreign exposure is hedged appropriately.
  • Authorizes new supplier accounts.
  • Evaluates and Approves Capital Expenditure
  • Meeting with suppliers/customers.
  • Approve IT system changes and access for users.
  • Implement new systems
  • Oversee the documentation and implementation of IT policies and to ensure appropriate training.
  • Review and signing-off on salaries/bonus
  • Oversee the documentation and implementation of HR policies.
  • Approves staff loans and disbursements.
  • Oversee Transformation/BEE and ESG Initiatives and reporting to Head Office.
  • Review of governance in the group.
  • Responsible for the Internal Controls in the company and correction of controls where required.

 

The key educational requirements, experience and qualifications for this position would be:

  • A Qualified Chartered Accountant
  • Minimum 7 years post articles experience in an executive finance and operations position including a minimum of 4 years Manufacturing experience
  • Experience in the preparation and finalisation of accounts in accordance with current South African regulations.
  • Proven knowledge of cost control, financial analysis, accounting principles, practices, standard laws, and regulations.
  • Strong knowledge of computer software packages and MS Office.
  • The desired skills and competencies required for this position amongst others would be:
    • Strong leadership skills, ability to direct and manage a team
    • Technical skills, ability to calculate and interpret financial results, manipulate large amounts of data and accuracy, including technical manufacturing skills
    • Strong interpersonal and EQ skills
    • Excellent problem solving and analytical skills
    • Great judgement of character
    • Results oriented
    • Sound business acumen
    • Ability to adapt to fast changing environments
  • Extensive experience in the implementation of systems and processes
  • Ability to integrate/coordinate financial and operational strategies
  • Proven track record in excellent management and coaching skills
  • Business reporting skills, ability to compile accurate and meaningful business reports
  • Demonstrate an ability to apply the principles of problem identification, analysis, and decision-making within immediate work context
  • Observant with immaculate attention to detail
  • Must be able to maintain confidentiality about all financial matters
  • Stress tolerance, ability to work under pressure and meet tight deadlines
  • Be prepared to work overtime
  • Be prepared to travel
  • Excellent communication skills, both written and verbal
  • Ability to manage own time and that of a team and being able to work in a fast-paced environment