Head of Finance - Cape Town, South Africa - SET Recruitment Consultants

SET Recruitment Consultants

Verified Company

Cape Town, South Africa

1 week ago

Posted by:

Thabo Mthembu

beBee Recruiter

Description

Head of Finance

Market-related Salary

Cape Town

Responsibilities
***- The employee shall be responsible for the performance of the duties as shall from time to time be assigned to him including, _inter alia,_ those duties set out below:

Drive company short, medium and long term financial planning
Perform risk management by analysing the employer's liabilities and investments
Control and evaluate the employer's funds and capital structure
Ensure cashflow is appropriate for the employers operations
Supervise trading personal and support staff:
Ensure new and existing trade contracts are profitable by analysing finance, logistic and stock costs against margin.
Ensure individual traders are reflecting accurate PNLs
Plan each divisions cashflows appropriately to ensure the best running of the Employer's business.
Manage vendor relationships
Prepare reliable current and forecasting reports
Oversee the Employer's finance IT system (XERO) and ensure it is kept up to date and correct
Ensure compliance with the law and company's policies
Manage relationship with Investec Bank:
Manage borrowing base submissions weekly
Manage monthly reporting required by Investec and liase with them directly on their required documentation
Ensure relationships with Employer's bankers are in good standing
Manage Employer's bank accounts
Run and execute payroll on a monthly basis.
Manage relationship and submissions with SARS on PAYE and VAT
Ensure timeous payments of VAT and PAYE
VAT submission on a monthly basis including VAT claims where moneys are due back to the Employer from SARS
Ensure corporate tax compliance
FEC Hedging and foreign currency management
Manage and execute FEC Hedges
Manage incoming and outgoing foreign currency payments to the Employer's best interests
Weekly debtor and creditor reporting
Reporting on overdue, current and future debtors
Collections on overdue and current accounts
Ensure timeous payment of creditors
PNL reporting to the CEO on Monday, Wednesday and Friday mornings
Management of subsidiary company bank accounts and online trading systems (xero)
Management of payments and contracts between the Employer and it's subsidiary companies