Group Chief Financial Officer

Job Description

Duties & Responsibilities

Requirements:

CA(SA)
12 years post articles experience in financial management and relevant work experience with leading edge multi-sector industrial organisations and operating at senior executive levels
8+ years relevant work experience in similar position within similar size group or organisation within the South African or regional environment
5+ years Industrial sector and investment experience
Post-graduate Honors Degree in Finance Accounting
Post-graduate qualification in Commerce or Business Management
Ideal – Leadership qualification, MBA or Executive Development Programme
Knowledge of experience in an investment environment.
Knowledge and understanding of the fishing, gaming or energy industries would be ideal.
Experience within an investment-focused environment.
Experience in mergers and acquisitions would be advantageous

Key responsibilities:

Initiate and drive the development of the Business Strategy and support the Group CEO in driving the execution of the strategy across the Group.
Serve as a member of the Group Executive Committee.
Determine an appropriate Finance structure, allocate tasks and monitor the development of Financial competence to deliver financial strategic objectives.
Develop the annual and 3-year Group Finance Strategy aligned to the Business Strategy.
Guide and approve annual Finance operational plans, ensuring alignment to the Group Finance Strategy and Business Strategy.
Lead the development and monitor implementation of the Group
Drive the budget setting process, for both the annual and 3-year budget, by developing the appropriate guidelines for the Group.
Review the divisional budgets at appropriate intervals and report to the Board and Exco on major financial concerns. Implement and oversee financial remedial plans and measures as required.
Oversee the cash flow, working capital management, and debt covenant to that all financial obligations are met.
Provide advice on effective measures to manage costs for the business.
Oversee the administration of payroll. Validate, review and approval payroll as per delegation of authority.
Oversee income tax, PAYE, VAT and the provision and filing of relevant returns.
Monitor tax planning and structuring to manage tax exposures.
Oversee the administration of creditors and debtors.
Oversee the preparation for internal audits.

Skill

Sound knowledge of financial legislation, treasury regulations and other regulatory frameworks.
Sound knowledge of financial reporting standards
Sound knowledge of financial accounting, budgeting, taxation and audit as well as financial systems, policy and procedures.
Sound knowledge of risk management principles.
Well-developed relationship building skills.
Strong conflict management and negotiation skills.
Excellent communication skills – ability to understand business needs and communicate complex systems simply.
Sound knowledge of asset management and supply chain management processes and procedures
Sound knowledge of capital-raising, debt management and mergers & acquisitions.