Posted: 11 November 2024
Job Details
Reporting to the Managing Director, the Head of Finance and Administration is responsible for driving financial performance and supporting business growth. This role requires a forward thinking individual who combines a deep understanding of financial management with strong business acumen to provide actionable insights and optimize resource allocation. The role is not only to ensure accurate financial reporting and compliance but also proactively contribute to the strategic decision-making process, using financial data to drive efficiency, profitability, and long-term success. This role is key to the flow of financial information to the Managing Director, Board of Directors, Shareholders and for ensuring financial discipline in the operating environment.
Qualification and Experience
• Chartered Accountant (CA (SA)).
• Postgraduate Qualification advantageous.
• Registration with relevant professional body recommended.
• A knowledge of IFRS and GAAP.
• 7+ Years’ of experience in financial management (post articles) including at least 4 years in a senior leadership role.
• Experience within a manufacturing environment is essential.
• Experience with hedge accounting recommended.
• Proven strategic leadership – experience in leading a finance team, overseeing budgeting, forecasting and reporting.
• Corporate governance and risk management – solid understanding and practical experience in ensuring compliance with legal regulations, risk management and corporate governance frameworks.
• Stakeholder engagement – experience engaging with senior stakeholders such as the Board of Directors, auditors and external partners.
Skills & Competencies:
• Driven individual who can not only excel in the current responsibilities, but also has the potential and willingness to grow into a more senior opportunity, as the company expands, and the individual demonstrates leadership, strategic thinking and expertise in financial management.
• Strong analytical and problem-solving skills: Ability to interpret complex financial data and provide actionable insights.
• Leadership & communication: Demonstrated ability to lead teams and communicate effectively with both financial and non-financial stakeholders.
• Technological proficiency: Experience with financial management systems (SAP) and business intelligence tools.
• Ethical integrity: Upholding high ethical standards, particularly in managing finances and maintaining corporate integrity.
• Strategic thinker: Ability to translate financial data into business strategy.
• Decisive and resilient: Capable of making tough decisions under pressure.
• Adaptable: Able to work in a fast-changing business environment and manage multiple priorities
KPI’s
Strategic Financial Leadership
• Financial Visionary: Develop and implement innovative strategies to enhance profitability and drive sustainable growth.
• Financial Planning: Create comprehensive financial plans, budgets, and forecasts aligned with the company’s strategic objectives.
• Risk Management: Oversee risk assessment and mitigation strategies to protect company assets and ensure financial stability.
• Compliance: Ensure adherence to all financial regulations, accounting standards, and statutory requirements.
Financial Operations and Control
• Financial Reporting: Prepare accurate and timely financial reports for management, stakeholders, and regulatory bodies.
• Internal Controls: Establish and maintain robust internal controls to safeguard company assets and prevent fraud.
• Cash Management: Manage cash flow effectively, optimize working capital, and mitigate liquidity risks.
• Financial Analysis: Conduct in-depth financial analysis to identify trends, opportunities, and areas for improvement.
Corporate Governance and Stakeholder Relations
• Corporate Governance: Adhere to sound corporate governance principles and best practices.
• Stakeholder Relations: Engage with shareholders, investors, and other stakeholders to foster trust and transparency.
• Regulatory Compliance: Ensure compliance with all relevant regulatory requirements, including tax, labour, and environmental laws.
Team Leadership and Development
• Team Management: Lead and mentor a high-performing finance and administration team.
• Talent Development: Foster a culture of continuous learning and professional development within the team.
• Collaboration: Collaborate effectively with other departments to achieve shared objectives
Strategic Partnerships and Negotiations
• Financial Partnerships: Develop and maintain strategic relationships with banks, insurance providers, and other financial institutions.
• Contract Negotiations: Negotiate favourable terms for contracts, leases, and other financial agreements.
• Mergers and Acquisitions: Evaluate potential acquisition targets and facilitate successful integrations.
Operational Excellence
• Process Improvement: Continuously review and improve financial processes to enhance efficiency and effectiveness.
• Technology Implementation: Leverage technology to streamline financial operations and drive innovation.
• Cost Management: Identify and implement cost-saving measures to optimize resource utilization
Health and Safety
• Participate in safety forums and attend relevant training/programmes.
• Report all safety incidents to the relevant people.
• Comply with safety policies and procedures.
• Always wear protective clothing (where applicable).