Initiate and drive the development of the Business Strategy and support the Group CEO in driving the execution of the strategy across the Group.
Serve as a member of the Group Executive Committee.
Determine an appropriate Finance structure, allocate tasks and monitor the development of Financial competence to deliver financial strategic objectives.
Develop the annual and 3-year Group Finance Strategy aligned to the Business Strategy.
Guide and approve annual Finance operational plans, ensuring alignment to the Group Finance Strategy and Business Strategy.
Lead the development and monitor implementation of the Group
Provide expert financial advice and analysis to support decision making to the Executive Committee, the Group CEO and the Board.
Produce monthly and quarterly reports on the performance of the division.
Finance policies, procedures and business processes, in accordance with accounting prescripts and regulatory requirements.
Keep abreast of changes to legislation and regulations to improve the effectiveness and efficiency of the Group Finance function.
Develop merger and acquisition strategies and manage implementation therein to increase the value of the company and improve competitive positioning.
Assist in the raising of capital in accordance with company requirements.
Drive the budget setting process, for both the annual and 3-year budget, by developing the appropriate guidelines for the Group.
Review the divisional budgets at appropriate intervals and report to the Board and Exco on major financial concerns.
Implement and oversee financial remedial plans and measures as required.
Oversee the cash flow, working capital management, and debt covenant to that all financial obligations are met.
Engage with the Board and Executive Chairman on a regular basis to provide feedback regarding the performance of the organisation and to provide input as required to ensure all governance, risk and fiduciary duties and obligations are met.
Monitor the execution of proper reporting on budget and cash flow matters.
Manage the recruitment of direct subordinates in accordance with company policy and procedure.
Provide guidance, coaching, mentoring and advice to subordinates.
Develop performance contracts for subordinates and conduct performance reviews to measure performance against agreed objectives, identifying training needs.
Set the targets for diversity and inclusion within the Finance team
Lead the development of the division’s Succession Plan, staff retention strategy and identify a pool of potential leaders.
Oversee the preparation of annual financial statements (and external audits) to agreed deadlines and in accordance with legislation and accepted accounting procedures.
Review and approve annual financial statements.
Oversee the maintenance of appropriate financial records, financial and statutory reports, ensuring compliance with financial regulations and standards.
Present annual and interim financial reports to Exco and the Board and respective forums, effectively conveying the financial status of the Group.
Lead the annual external audit process.
Guide the Finance Committee and Audit & Risk Committee, contributing financial expertise to decisions taken in order to minimise risk.
Provide a centre of excellence for the Group in the provision of financial services, advice and support.
Present financial performance of the Group in business reviews.
Review and approve monthly and quarterly expenditure reports for the Group as per delegation of authority.
Oversee the administration of payroll. Validate, review and approval payroll as per delegation of authority.
Oversee income tax, PAYE, VAT and the provision and filing of relevant returns.
Monitor tax planning and structuring to manage tax exposures.
Oversee the administration of creditors and debtors.
Oversee the preparation for internal audits.
Optimise liquidity and working capital through treasury and cash management.
Monitor adherence to the procurement processes across the Group.
Monitor the development, implementation and management of Service Level Agreements and contracts with contractors and service providers.
QUALIYING ATTRIBUTES
Qualification
Post-graduate / Honours Degree in Finance or Accounting (NQF Level 8)
CA(SA)
Post-graduate qualification in Commerce or Business Management.
Leadership qualification e.g. MBA or Executive Development Programme
Experience
12 years Post article experience in financial management.
Relevant work experience with leading edge multi-sector industrial organisations and operating at senior executive levels.
Similar position within similar size group or organisation within the South African or Regional environment
Competencies
Ability to analyse complex data and formulate meaningful insights.
Ability to set realistic expectations around cost and timing (projects).
Ability to identify potential business and enable business capability.
Ability to drive cross functional collaboration, develop cooperation and teamwork while participating in a group, working towards solutions which generally benefit all involved parties.
Well-developed relationship building skills.
Strong conflict management and negotiation skills.
Excellent communication skills – ability to understand business needs and communicate complex systems simply.
Ability to negotiate and achieve targets
Corporate Strategy and external stakeholder Management
Ability to lead effectively by demonstrating personal drive and strategic thinking.
