Financial Director - Hammarsdale, South Africa - Armstrong Appointments

Thabo Mthembu

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Thabo Mthembu

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Description
Hammersdale Kwa Zulu Natal

  • Posted 5 hours ago

Main job function

  • Key responsibilities will include: Providing leadership, direction and management of the finance and accounting team, providing financerelated strategic recommendations to the CEO / executive management team, ensuring the accuracy, validity and completeness of management and financial accounting for the Group. Analysis, budgeting, reporting, and ensuring that all accounting, and regulatory requirements and deadlines are met and all records are maintained.
Report to the CEO


Criteria

  • Financial Management: Manage the company's financial operations. Ensure that the financial transactions, policies, and procedures meet the organization's short and longterm business objectives and are conducted in accordance with regulations, accounting principles, and standards.
  • Oversee cash flow management, liquidity, and banking relationships to ensure adequate funding for operations and strategic investments.
  • Ensure effective management of working capital
  • Manage and support finance, debtors, creditors, and cost accounting teams.
  • Prepare and monitor weekly cash flows.
  • Ensure standard costing and the related product costing model, bill of material are updated as necessary.
  • Provide insight to sales department to determine selling price and price increase.
  • Provide strategic financial insight and analytics to the group to facilitate responsible decision making.
  • Keep up to date with IFRS standards and all accounting concept, practices, and procedures.
  • Lead the development of effective financial policies, procedures, and guidelines for Group.
  • Overseeing commercial contracts with suppliers, retailers, agents to ensure that they are not commercially onerous
  • Review procurement and contracts prior to settlement.
  • Formulate and implement required controls.
  • Ensure effective management of financial systems and records to ensure that Group finances are run effectively and financial data can be supplied accurately and timeously
  • Ensure accuracy of the ERP system and that products are costed correctly.
  • Ensure correct calculation and allocation of overheads.
  • Ensure procedure manuals are adequately prepared and maintained regularly and are at the required standard.
  • Identify and alert the CEO of any irregularity, lack of compliance, lack of adherence to process and procedures, weakness in internal controls, and any actual or potential concerns arising out of the financial and operational matters of the business.
  • Provide oversight on procurement and IT departments.
  • Liaise with auditors, bankers, and insurers
  • Strategic Planning: Develop and implement the financial strategy of the company. This includes longterm financial planning and forecasting, risk management, and investment strategies.
  • Act as a strategic business partner to the CEO and COO, providing insightful analysis and recommendations, driving business growth, supporting in setting business objectives, defining necessary actions/initiatives, implementing strategies, and ensuring successful execution of business plans.
  • Monitor and drive financial performance against business objectives and commitments with investors. Implement action plans to improve financial performance where necessary, detailing risks and opportunities for achievement. Proactively capitalize on opportunities and mitigate risks through strategic financial leadership.
  • Develops finance organizational strategies by contributing financial and accounting information, analysis, and recommendations to strategic thinking and direction and establishing functional objectives in line with organizational objectives.
  • Establishes finance operational strategies by evaluating trends; establishing critical measurements; determining production, productivity, quality, and customerservice strategies; designing systems; accumulating resources; resolving problems; and implementing change.
  • Develops organization prospects by studying economic trends and revenue opportunities; projecting acquisition and expansion prospects; analyzing organization operations; identifying opportunities for improvement, cost reduction, and systems enhancement; and accumulating capital to fund expansion.
  • Develops financial strategies by forecasting capital, facilities, and staff requirements; identifying monetary resources; and developing action plans.
  • Supports the regular review of our strategy and ensures finance solutions and approaches focus on delivery of an environment where the strategy can thrive
  • Responsible for effective management of shareholder relations and subsequent reporting requirements.
  • Financial Reporting: Oversee the preparation and communication of monthly and annual financial statements. Ensure the timely reporting of key financial data and updates to the CEO, Board of Directors, and other key stakeholders.
  • Prepare financial reports including financial statements, strategic plans, budgets and financia

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