CFO

Recruiter:

Boardroom Appointments

Job Ref:

JHB004147/AW

Date posted:

Monday, July 19, 2021

Location:

Sandton, South Africa

Salary:

CTC

SUMMARY:

Our client based in Sandton is looking for a CFO to setup the finance function within the bank as per the established reporting structure

POSITION INFO:

Job Specification

· CA (SA) with at least 5 years post articles experience within financial services

· Must be working as CFO/Dy CFO in a Bank in South Africa

· Must have minimum 5 years’ experience in a Finance function within a Bank

· Must possess managerial experience in mid-level management position

· Must be well versed with IFRS 9 standards within a bank

· Must have sufficient knowledge in regulatory reporting

· Must have sufficient knowledge of the regulatory framework within which a bank operates, including but not limited to accounting methodologies, prudential ratios, & tax related matters

· Additional preference will be given to candidates with some risk management experience within the banking environment

Responsibilities

· Compiling all financial reports in consultation with the department/divisional heads

· Oversight of all the taxation matters such as VAT, Income Tax, Payroll taxes etc. at the bank

· Responsible for ensuring integrity, accuracy and completeness of financial data

· Overseeing the entire Bank’s fiscal operating results in compliance with all accounting principles (including regulatory agencies, government policies and local laws) for ensuring & safeguarding the Bank’s interests in consultation with other department heads

· Reviewing of all major MIS returns prepared by various department heads as well as presenting it to the Banks management in consultation with the Country Head & CEO

· Preparing for and ensuring completion of Annual financial statements and related returns in consultation with department heads and statutory auditors.

· Oversee the preparation and submission of quarterly financial reports and returns to be submitted to the head Office

· Responsible for liaising with the external / Internal auditors regarding financial statements & reporting

· Oversight on the implementation of the IFRS reporting standards within theBank

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