Regional Financial Manager

SUMMARY:

An established manufacturer of specialised agrochemicals is seeking the above to be responsible for providing financial and operational analysis to the Sub Regional Business Head and Sub Regional Leadership Team, as well as ensuring optimised reporting to all stakeholders, payment to suppliers, collection of cash, and internal controls surrounding these for the Sub Region.

POSITION INFO:

Minimum requirements for the role:

• Must have a relevant tertiary qualification; CA (SA) or CIMA would be preferred
• MBA would be advantageous
• Minimum 15 years’ experience within the Finance industry
• Must have experience with interacting with commercial and key customers
• Knowledge and understanding of AgChem Business is advantageous
• Fluency in English and Afrikaans (Read, Write, Speak)

• Ensuring the timely and accurate delivery of results, management information, and financial reporting.
• Monitoring, reviewing, and interrogating gross margin and expenses for the company, with various stakeholders.
• Reviewing and overseeing debtor management.
• Ensuring the correct recording and protection of all assets of the company.
• Reviewing the debtor department’s KPIs, reports, and corrective actions.
• Ensuring that creditors are recorded correctly and paid timeously.
• Reviewing and implementing accounts payable KPIs and reports.
• Signing off credit applications/credit limits etc. and mitigating any financial risk.
• Being accountable for cost/profit center breakdowns.
• Producing and supplying analytical financial information in interaction with the business unit.
• Making recommendations regarding monthly results in respect of IFRS savings accounting policies and risks.
• Performing trend analysis to inform forecasting and product trends.
• Conducting weekly analysis with FP&A and the MIS Team on gross margins and master data per SKU.
• Reviewing and overseeing the monthly analysis of SG&A to understand and predict future SG&A expenses and landing vs. budget and prior year.
• Reviewing and overseeing working capital forecasts to understand and predict future working capital and landing vs. budget and prior year.
• Reviewing and overseeing cash flow forecasts to understand and predict future cash flows and landing vs. budget and prior year.
• Analyzing working capital, EBITDA, and P&L with Sub Regional Business Head on a monthly basis.
• Discussing results of forecasts on WC and P&L with Sub Regional Business Head and Sub Regional Leadership Team on a monthly basis.
• Analyzing the monthly top 20 AI reports with FP&A, MIS Team, and Commercial Heads.
• Contributing strategic financial expertise and information that ensures the Sub Regional Business Head is able to make sound and informed decisions.
• Handling all local asset insurance negotiations and coverage.
• Planning and negotiating cash loans and overdrafts with banks and Intercompany subject to the global authorization table.
• Planning external audits, hard-close, and annual audits with auditors.
• Considering the implications of IFRS on the business, accounts, and results.
• Being involved in the IT steering committee regarding IT systems in the business.
• Ensuring the systems and structures are in place to enable the efficient and accurate reporting of information to all stakeholders.
• Representing the company on the Board of Directors in Associate Companies.
• Ensuring the implementation, monitoring, and maintenance of an effective internal control and risk management environment.
• Planning yearly internal audits where applicable and designing improvements for weaknesses in controls from a financial perspective.
• Ensuring that cash is managed in accordance with business requirements and cash forecasts.
• Liaising with banks and negotiating rates and facilities.
• Ensuring timely statutory payments.
• Reviewing and analyzing working capital improvement identification opportunities.
• Reviewing and implementing hedging options to mitigate foreign currency exposure.
• Ensuring that statutory statements are completed, compiled, and audited.
• Monitoring and managing different audits, interim, annual, and internal, ensuring timely sign-offs by auditors as per Group/Statutory requirements.
• Ensuring that tax for the group is completed, compliant, and optimized.
• Ensuring the various Finance Departments are fully staffed with appropriately experienced employees.
• Training and developing employees based on identified training needs in accordance with the Workplace Skills Plan.
• Ensuring Performance Appraisals are conducted as per Company Policy.
• Ensuring general discipline in the department and taking corrective action on all misconduct incidents.
• Adhering to all HR policies, procedures, and requirements to ensure sound people practices.
• Carrying out ad hoc projects for Sub Regional Business Head, including minority valuations, etc., and participating in negotiations with minority acquisitions, including business cases.
• Carrying out ad hoc projects and queries from commercial and supply chain (Product analysis, region review, COGS, analysis vs. budget and LE).
• Compiling, reviewing, and finalizing budgets.
• Presenting the Southern Africa budget to the Africa leadership team.
• Attending and advising on the monthly Pre-SOP meeting, representing the Finance Department, ensuring the financial implications of proposed actions are considered.
• Attending and advising the monthly Forecast and demand review meeting, reviewing and calculating financial consequences of operational issues.
• Participating in conference calls with FP&A, discussing operational performance and forecasts.
• Attending and advising pricing committee meetings, new product launches, and demand planning on behalf of Finance.

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