Yesterday
CFO (EE candidates)
Blue Oak Personnel
South Africa, linbro park, Gauteng
Financial strategy development and implementationSupport the CEO on strategy formulation and implementation.Onboarding of new entities acquired by the GroupDevelop financial strategies to enhance the financial performance, financial position and cash flowsof the company.Identifying financial and other resources required to meet the strategic growth requirements of thecompany.Support the executive team members with strategic recommendations.Preparation of Financial models as required by the CEO/Executives to assess the financial feasibilityof new business/projects/products.Financial ManagementDevelop the annual budget, bi-annual forecasts, and long-term plan, whilst ensuring alignment of resource allocation.Provide financial projections, reporting and preparation of growth plans.Monitor financial performance by measuring and analysing results, initiating corrective actions, and minimising the impact of variances.Ensure that company earns the highest possible risk-adjusted return on assets and return on capital (or return on equity).Oversee and monitor effective tax strategies and compliance.Reporting of financial status by developing forecasts, reporting results, analysing variances, and developing improvements.Coordinate the preparation of the Companys separate and consolidated Annual Financial StatementsOversee the annual external audit and ensure no material misstatements.Oversee the internal audits in line with the annual plan. Ensure that adequate and effective controls are implemented for all findings raised.Review and update the financial policies and procedures to improve the internal controls in the department and overall business.Preparation of quarterly ExCo packs and bi-annual board packs for the required meetings.TreasuryManage the debt and liquidity profile of the company.Optimise funding by matching long-term debt with long-term assets.Reduce the cost of funding and maximise interest earned on excess cash.Manage foreign currency risk exposure by procuring hedging instruments.Manage the calculation and payments of bi-annual dividends.Investment of excess cash to generate returns as required.Effective management of the working capital and cash flow cycle of the businessNegotiation of interest rates with the company bankers.Ensure that adequate banking facilities are in place to align with the growth requirements of the business.Manage Credit ControlOversight and management of the debtors book.Ensure adequate credit insurance coverage of the debtors book.Implementation of effective strategies and continuous improvements to ensure that the DSO remains below 45 days.Maximise collections to improve working capital.Ensure that bad debts are below the threshold of 0.1% of the annual gross billings.Drive the recovery of legal accounts in conjunction with collectors / attorneys and the credit insurer.Negotiate premiums with the credit insurer and perform an annual exercise of benchmarking premium paid with other insurers.Review of credit assessments and ensure that at least 99% of the debtors book is insured.Ensure compliance with policy conditions.Legal, Risk, and ComplianceResponsible for the maintenance of the companys risk register.Ensure accurate risk reporting to stakeholders quarterly.Ensure that all relevant customer and supplier contractual documents are in line with business and legal requirements.Ensure compliance with laws and regulations.Ensure POPPI compliance within the business.Engage with the company attorneys on all litigation matters.Advise, assist, or lead on legal negotiations, including the reviewing and drafting of all legal documentation required.Special Projects and Ad hocTo accept additional responsibilities and accountabilities as delegated by the CEO from time to time.Assist with strategic projects as required. Desired Experience & QualificationMinimum 10 years experience in financial accounting and financial management practices ofwhich 5 years should be at an Executive levelProficiency with Microsoft Suite, SAP, Power BISolid IFRS and Taxation knowledgeStrong budgeting, forecasting and strategy experienceInsurance & claims managementPromotion of process improvement and strong internal controls Grade 12Chartered Accountant (SA) Strategic thinkingStrong LeadershipBusiness acumenProblem-solving and decision-makingInterpersonal skillsExcellent verbal and written communication skillsChange managementPlanning and organisingRisk managementAbility to handle pressureAttention to detail
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