Group Financial Director CA(SA) Durban West Kwazulu-Natal

Our client in the Durban West Area is looking for a Group Financial Director with 7 years plus post-CA (SA) experience coming from the Manufacturing industry. Must be a Qualified CA or Chartered Accountant CA(SA).

Min Qualifications & Requirements

Registered CA (SA) with 7 years post experience

7 years plus post-qualification financial management experience – within a manufacturing environment

Tax, and financial regulatory and reporting requirements (IFRS)

Strong costing and management accounting experience

Strong SYSPRO experience essential

Responsibilities

Manage the company’s financial operations.

Ensure that the financial transactions, policies, and procedures meet the organization’s short and long-term business objectives and are conducted in accordance with regulations, accounting principles, and standards.

Oversee cash flow management, liquidity, and banking relationships

Ensure effective management of working capital

Manage and support finance, debtors, creditors, and cost accounting teams.

Prepare and monitor weekly cash flows.

Ensure standard costing and the related product costing model, bill of material are updated as necessary.

Keep up to date with IFRS standards and all accounting concept, practices, and procedures.

Overseeing commercial contracts with suppliers, retailers, agents to ensure that they are not commercially onerous

Review procurement and contracts prior to settlement.

Develops organization prospects by studying economic trends and revenue opportunities; projecting acquisition and expansion prospects; analyzing organization operations; identifying opportunities for improvement, cost reduction, and systems enhancement; and accumulating capital to fund expansion.

Oversee the preparation and communication of monthly and annual financial statements.

Ensure the timely reporting of key financial data and updates to the CEO, Board of Directors, and other key stakeholders.

Prepare financial reports including financial statements, strategic plans, budgets and financial forecast up to consolidation level.

Oversee and manage the budget monitoring process including the production of monthly and quarterly financial and performance reports and provide recommendations and advice to address significant variances.

Prepare management accounts for 4 Group companies (2 manufacturing companies, property company and holding company) and consolidation.

Compliance: Ensure legal and regulatory compliance regarding all financial functions. This includes tax planning and compliance with tax regulations.

Implement and monitor compliance with all financial and accounting standards (IFRS and PFMA), procurement (PPPFA), CIPC and tax requirements.

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