Chief Executive Officer

SUMMARY:
The purpose of the CFO role is to manage the organisation''s overall financial health and ensure ongoing financial sustainability.

POSITION INFO:

Key Purpose

The purpose of the CFO role is to manage the organisation''s overall financial health and ensure ongoing financial sustainability. Provides financial insights and recommendations to all operating divisions, while ensuring that their strategies and plans are effectively implemented and that all business units are aligned to achieve profitability and growth. Manages the working capital of the organisation. Implements and maintains financial systems and controls.

1. Strategic Planning and Execution:

• Contribute to the development and implementation of the company’s long-term strategic plan.
• Provide financial insights and analysis to support strategic decision-making by the executive team and board.
• Align financial objectives with corporate strategy and operational goals.
• Monitor strategic initiatives to ensure financial viability and return on investment.
• Evaluate business expansion opportunities, partnerships, and investments.
• Track performance against strategic objectives and recommend corrective actions where necessary.

2. Financial Strategy and Systems:

• Develop and implement the organisation’s financial strategy to support sustainable growth and profitability.
• Ensure the design, implementation, and continuous improvement of financial management systems and controls.
• Lead digital transformation initiatives within the finance function to improve efficiency and reporting accuracy.
• Oversee financial governance frameworks and ensure compliance with accounting standards and regulations.
• Ensure the integration of financial systems with operational and enterprise systems.
• Monitor financial performance indicators and drive financial discipline across the organisation.

3. Financial Planning, Budgeting and Reporting:

• Lead the annual budgeting process and long-term financial planning.
• Ensure the preparation of accurate and timely financial statements and management reports.
• Provide financial forecasts and scenario analyses to guide business decisions.
• Monitor departmental budgets and ensure adherence to approved financial plans.
• Present financial performance reports to the CE, executive management, and board.
• Ensure compliance with financial reporting standards and regulatory requirements.

4. Risk Management:

• Develop and implement an enterprise risk management framework.
• Identify financial, operational, and strategic risks facing the organisation.
• Ensure appropriate internal controls are implemented to mitigate risks.
• Oversee internal audit processes and address audit findings.
• Ensure business continuity planning and financial risk mitigation strategies.
• Provide risk assessments for major projects, investments, and operational initiatives.

5. Management Support:

• Provide financial analysis and cost management insights to support operational decision-making.
• Conduct financial feasibility studies and investment appraisals for projects and new initiatives.
• Develop cost control measures to enhance efficiency and profitability.
• Oversee vendor registration processes and ensure financial due diligence.
• Ensure effective company administration and governance processes are in place.
• Implement and monitor internal control systems to safeguard company assets.

6. Supply Chain and Procurement:

• Provide financial oversight and governance of procurement and supply chain operations.
• Ensure procurement processes are transparent, efficient, and aligned with financial policies.
• Monitor supplier performance, pricing, and contract compliance.
• Ensure effective cost management within procurement and supply chain activities.
• Support strategic sourcing initiatives and supplier relationship management.

7. Legal and Compliance:

• Ensure compliance with applicable financial regulations, laws, and corporate governance standards.
• Oversee legal and contractual obligations related to financial operations.
• Support the organisation in managing regulatory reporting requirements.
• Ensure adherence to internal policies, procedures, and ethical standards.
• Coordinate with legal advisors on contractual, regulatory, and compliance matters.
• Ensure the organisation complies with tax and statutory obligations.

8. Team Leadership and Development

• Provide leadership, direction, and mentorship to finance and support functions.
• Build and maintain a high-performing finance and administrative team.
• Establish clear performance objectives and development plans for team members.
• Promote a culture of accountability, collaboration, and continuous improvement.
• Identify training and development opportunities to strengthen team capabilities.
• Ensure succession planning and talent development within the finance function.

Qualifications

• BCom (Hons)/MCom Accounting.
• Professional Accountant (SA) or CA (SA).
• 15 years’ financial management experience of which 5 years must have been at managerial level.
• 5 years’ commercial experience, especially in an environment requiring a great deal of financial management involvement in general management.
• 8 - 10 years’ Finance Experience, preferably in a corporate environment.
• Minimum of 10 years’ experience in a senior management role is required.
• Minimum of 5 years’ experience in a people management is required.