Chief Financial Officer

Job Description : CFO JOHANNESBURG SOUTH AFRICA Finance & Tax (50%): · To ensure accuracy and timely reporting of all financial information in a format that would aid management to better manage the performance of the Company · To prepare the annual financial statements of the Company within the reporting deadlines in full compliance with IFRS and to obtain an unqualified audit opinion · Preparation of the annual budget and the business plan in line with the Board approved strategy for approval by the Board annually · Preparation of monthly management accounts with variance analysis and commentary to assist management to take the necessary action timeously to achieve or exceed targets · Ensure all VAT, income tax, PAYE, UIF, SDL, Dividend Withholding Tax and any other tax or statutory returns are accurately completed and filed timeously with payments made without incurring any penalties · Prepare rolling forecasts to assist management in measuring performance against targets with the ability for management to take timeous action, including suggested actions to be taken · Liase with the external auditors to ensure the annual audit (including any interim audit, if applicable) is conducted and completed efficiently, timeously and at the lowest cost possible with no material issues or risks arising Cash management (10%): · To manage the cash flow to optimal levels ensuring that return on equity is not negatively affected · Prepare weekly and monthly cash flow forecasts for 12 months out timeously to identify any cash flow issues and recommend and implement corrective/remedial action · Negotiate the best credit terms from suppliers and ensure all cash due to the Company is collected within the shortest period Internal Controls, Processes & Risk Management & IT (20%): · Ensure effective internal controls to manage all the assets of the business and their efficient use, including the business compliance with such controls · To facilitate and coordinate the timeous monthly, quarterly and annual reporting, payments and audits on the organisation’s Reports, BBBEE compliance and other non-financial reporting · Review and improve, if necessary, the controls around the debtors, creditors, inventory, procurement, IT support, cost management, customer credit limits and the various finance processes to eliminate or mitigate risks to acceptable levels as determined by the Finance Committee · Assess all risks and determine appropriate mitigating actions and controls that need to be implemented to bring such risks within acceptable tolerance levels as determined by the Finance Committee · To review and reconcile the balance sheet and general ledger accounts on a monthly basis according to IFRS and policies and procedures · Maximise the efficiency benefits from the Company’s IT processes and systems at the lowest cost without compromising on quality and timeliness and ensuring no avoidable business interruptions occur · Ensure compliance with the Companies Act and Regulations People management & development (10%): · To mentor coach, develop and train subordinates to better perform their duties and responsibilities efficiently, effectively and timeously within normal working hours · Set and monitor KPAs’ for all staff that report to the CFO, including performance of such staff and take the necessary actions where necessary to improve staff performance in an efficient manner Business strategy & development (10%): · Participate actively in the development and achievement of the business strategy by providing the MD, Board and relevant committees analytical information to aids them in developing the correct strategy and implementation Direct reports into the CFO would be Finance Manager, IT Support, Procurement & indirectly the team that reports to Finance Manager.

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