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Sub tasks.
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Activity description / technical tasks
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Strategic Financial Leadership
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- Develop and implement financial strategies that align with local and global business objectives.
- Provide strategic financial guidance to the South African leadership team and the German head office.
- Drive long-term financial planning, including investments and CAPEX aligned with global priorities.
- Collaborate with the global finance team to align financial policies and reporting frameworks.
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Financial Management and Reporting
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- Oversee the preparation and analysis of local financial accounts, ensuring compliance with South African and German reporting standards (IFRS and/or HGB).
- Ensure timely and accurate submission of monthly, quarterly, and annual financial reports to the German head office.
- Monitor financial performance, analysing variances, and recommending corrective actions.
- Prepare statutory financial statements in compliance with South African Companies Act and German expectations.
- Support the annual external audit process, ensuring transparency and alignment with international standards.
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Taxation and Compliance
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- Ensure compliance with South African tax regulations (SARS), including VAT, PAYE, and corporate tax submissions.
- Coordinate with the German head office to address cross-border taxation issues and transfer pricing compliance.
- Maintain statutory records to meet both South African legal requirements and global standards.
- Ensure compliance with Reserve Bank regulations for international transactions.
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Cash Flow and Treasury Management
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- Manage local liquidity and cash flow to support daily operations and long-term financial health.
- Develop and implement short- and long-term cash flow forecasting models.
- Collaborate with the German treasury team on global financial strategies, including hedging, credit facilities, and currency risk management.
- Oversee the application for and management of letters of credit, bank guarantees, and other treasury instruments.
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Cost and Stock Management
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- Monitor and optimize cost structures, ensuring efficient allocation of resources.
- Oversee inventory management to ensure accuracy, insurance coverage, and risk mitigation for local and global stock requirements.
- Conduct profitability analyses on key production inputs such as aluminum.
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Capex and Project Oversight
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- Evaluate the financial viability and risks of new CAPEX projects, ensuring alignment with global standards.
- Manage government incentive programs such as the AIS and APDP, ensuring timely submission and compliance.
- Collaborate with external service providers to optimize financial returns from incentives.
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Risk Management and Internal Controls
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- Implement and monitor internal control systems to safeguard assets and mitigate financial risks.
- Identify and address gaps in compliance with South African and global financial policies.
- Ensure adequate insurance coverage for all local and cross-border business assets.
- Drive adherence to audit requirements and ensure the closure of all findings from internal and external audits.
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Stakeholder Engagement and Communication
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- Serve as the primary liaison between the South African entity and the German head office for financial matters.
- Build and maintain relationships with banks, auditors, regulatory authorities, and other external stakeholders.
- Collaborate with global finance teams on standardization, process improvement, and financial system integration.
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Leadership and Team Development
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- Lead and mentor the local finance team, fostering a culture of excellence and accountability.
- Identify training needs and implement development programs to upskill the team.
- Promote collaboration between the South African and German teams to drive alignment and knowledge sharing.
- Ensure compliance with HR policies and foster a positive, productive work environment.
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