Financial Director Distribution / Transport / Logistics / Supply Chain

Johannesburg East, Johannesburg - Gauteng - South Africa

Job Summary:

• The Financial Director will be a strategic business partner, reporting to the Managing Director (MD).
• They will guide and manage the overall provision of finance support services, policies, and programs for the entire business.
• The Finance Director will have overall control and responsibility for all financial aspects of company strategy and will analyze figures to implement recommendations with the most profitable outcomes.
• Working alongside the business' MD, the Finance Director will be an exceptional accountant, hands-on with company finances, and commercially aware, advising on the best path of growth for the business.
• They will have excellent communication skills with all levels of staff, often working with various divisions to help them plan and manage their own budgets.
• The Financial Director will oversee the company's Finance Office staff and work closely with Executives and senior management.
• They will also be responsible for supporting development and the implementation of the BBBEE plan.
• Manage external stakeholder requirements and expectations, including those of the shareholder and audit committee.

Job Competencies:

• Understanding existing and emerging financial management best practices.
• Understanding business practices, approaches, and culture.
• Managing projects through planning, prioritizing, and administering work.
• Thinking strategically and operationally.
• People Management.
• Financial/Budget Management.
• Professionalism and ethics.
• Governance, risk, and control.
• Stakeholder relationship management.
• Management reporting at all levels.
• Tracking BBBEE contributions and ensuring the integrity of data and documentation of relevant elements.
• Understanding of Payroll and Benefits Management.
• Understanding of Credit management.

Key Responsibilities:

Strategic Planning and Objective Setting:

• Collaborate with Executive Committee to optimize profitability in conjunction with short-term and long-term business strategies, goals, and objectives.

Provide leadership to management, offering advice, guidance, and direction on business matters, including operational policies and procedures, new business initiatives, and management of existing relationships.

Keep the MD informed about business activities, potential threats, opportunities, and major recommended actions and ensure the timely and accurate provision of reports, including the identification of problem areas with corrective action plans to both the MD and the Board members.

Ensure that proper control systems, risk assessments, and risk management are established and maintained, and regular reports provided to the MD.

Management of the Finance and Credit Operations:

• Oversee the management of all fiscal activities, including revenue/expenditure, balance sheet reports.
• Oversee the production of monthly, quarterly, and annual reports, including reconciliations, financial cash flow projections, etc., for the use at EXCO and Board Level.
• Build a proactive environment to ensure that management takes responsibility for results, by ensuring appropriate feedback mechanisms and identification of problem areas.

Oversee and control year-end results and annual reports.

Manage debtors.

Manage the Financial Risk of the company.

Responsible for the financial risk management infrastructure.

Participating in ranking risks and developing mitigating plans to manage identified financial risks.

Ensure control systems, risk assessments, and risk management in the finance and credit departments.

Ensure compliance with relevant tax and company law, and accounting standards.

Meet Financial Objectives Set for the Finance Division.

Develop and manage national budget for the finance division.

Coordinate preparation of divisional cost centre reports with explanation of variances and corrective action taken where required.

Partner with MD to approve divisional expenditure according to authority levels.

Coordinate the preparation of presentations and reports on divisional budgets at relevant meetings.

Manage BBBEE Scorecard:

• Ensure BBBEE audit and verification process are conducted on an annual basis.
• Support development and implementation of transformation action plans.
• Coordinate the company BBBEE process.
• Track and monitor identified measures to improve BBBEE scorecard.

Manage Payroll and Benefits Office:

• Manage the payroll team to ensure that Payroll is administered in compliance with policies and procedures, and relevant legislation.

Manage the Finance/Payroll/Credit Staff:

• Conduct performance management and monitor performance.