Chief Financial Officer

SUMMARY:
Chief Financial Officer

POSITION INFO:

Our client , a well esablished Finance Service Group is currently looking for Chief Financial Officer to join their team in Johannesburg.

Key point of contact for all external and internal reports to critically ensure that all forms of reporting reconcile and ensure a sound financial environment with regards to applicable legislation, appropriate financial reporting standards & relevant internal financial controls as well as alignment of accounting principles and methodologies.

DUTIES AND RESPONSIBLITIES
Ensure daily finance activities are managed in the group.
Ensure integrity of financial record-keeping in all divisions.
Ensure compliance with financial policies in the group.
Ensure necessary internal controls are on place in all divisions.
Ensure compliance with tax requirements in all divisions.
Review and improve financial processes to achieve complete, accurate and timely reporting.
Review financial systems and work with CIO to ensure that system improvements are implemented.
Release payments in line with the approval mandates.
Review and approve monthly payrolls.
Ensure effective cash flow management and timeous draw-down from funding structures.
Ensure funding covenants are met.
Ensure monthly management accounts are prepared accurately and timeously.
Supervise the monthly consolidation of management accounts and analysis of results.
Present monthly results to the Exco.
Preparation of staff and investor presentations.
Manage the preparation of the Annual Financial Statements for 14 entities in terms of the Companies Act and IFRS.
Supervise the consolidation and preparation of Group’s Annual Financial Statements in terms of the Companies Act and IFRS.
External auditor liaison and resolution off all issues or concerns identified.
Manage governance around the Board and its sub-committees.
Prepare King IV reporting and improve compliance.
Arrange monthly Exco meetings.
Manage the company secretarial function for all group entities.
Assist CEO in preparation of group strategic documents and ensure implementation.
Implement BBBEE structures.
Manage the annual budget process and ensure that all divisions prepare and submit appropriate budgets.
Ensure that head office and shared services budgets are prepared and approved timeously.
Ensure that consolidated budgets are prepared and approved by start of each financial year.
Ensure that expenses are controlled in line with budgets.
Assist the CEO on potential acquisitions.
Ensure that appropriate due diligence work is performed on proposed acquisitions.
Assist CEO with legal agreements for acquisitions.
Ensure finance functions in the group are appropriately staffed.
Management of head office finance staff.
Mentor and develop finance team members.
Ensure shared services functions (HR, IT, facilities) are appropriately staffed.
Ensure that shared services deliverables are met.

KEY SKILLS

Strong Financial Competency.
Ability to Work Without Supervision.
Exceptional Communication both written and spoken.
Exceptional Systems & Procedures Competency.
Effective Team Management Skills.
Creative approach to work.
Up to date IFRS Knowledge.
Ability to accept responsibility.
Strive for excellence.
Results driven.
Strong Attention to Detail.
Excellent Time.
Management Skills.
Deadline oriented.

QUALIFICATIONS

BCom Accounting Honours Degree.
Accredited CA(SA).
ITC clearance.
15 years post-articles experience, preferably in Financial services.

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