Cfo Consultant

2 weeks ago


Cape Town, Western Cape, South Africa M3 Human Capital Management Full time

Outsourced CFO is looking for a CFO Consultant who will provide an outsourced CFO function to clients through high level financial inputs which will improve their finance function and ultimately assist them to improve and grow their business.

Reporting directly to the POD Leader, job responsibilities will include, among other:

Client engagements

  • To build and maintain good relationships with existing clients
  • Setup and have regular client meetings
  • Communicate deadlines and provide deliverables to clients
  • Deliver on monthly management accounts
  • Ensure all SARS returns are submitted correctly and on time
  • Communicate payments clients need to make to SARS
  • Adhoc assistance to client's accountant (internal or external or OCFO) to with various accounting treatments and issues
  • Regular Cash Flow updates, presentation to and discussion with clients
  • Annual Budget process (preparation, discussion with client, import into Xero)
  • Prepare support for and review Annual Financial Statements (Ensure accounting is correct and ready for drafting, review drafts, deliver and discuss with client)
  • Adhoc strategy sessions with client mainly upon request
  • Keep and update a client Risk register. Discuss this with client at least quarterly
  • Prepare Board Packs for clients
  • Attend Board meetings, present financial information and provide financial inputs during meeting
  • Ensure we stay within monthly time allocation of client's retainer package
  • Communicate potential overruns with clients and negotiate hours to be charged extra. Monthly review time spent and then inform accounts team of additional hours to be invoiced
  • Where applicable and where a client is referred to OCFO, do the intro to Business development, potentially sit into a meeting with the client
  • Preparing Financial Gap Analysis for new clients
  • Preferable after completing a Gap Analysis for a client, discuss their main focus areas and develop a 90 day action plan for a client. Action items allocated to OCFO and monthly check in with clients around these items. Clients often use OCFO's as a soundboard/ accountability partner.
  • Any adhoc requests that clients may have e.g. Dividends vs Bonus calculation (determine which route is best for client, Power of 1 calculations, Labour Efficiency ratios, any analysis that will be useful for a specific client, assist to set up KPIs for staff or entrepreneur to indicate health of business, during a sale of shares/investments provide inputs regarding legal contracts and link, tax impact and financial impact.
  • Where necessary, review Internal Controls of clients and recommend changes to improve control and reduce risk.
  • Review processes of clients to identify inefficiencies and room for automation.
  • Where applicable to intro to OCFO Integrate team and be middle man/communicate between client and OCFO Integrate team to ensure all accounting bases are covered.

Administration

  • Update time sheets to ensure accurate client billing
  • On a monthly basis review Zoho to ensure all my clients are correctly set up.
  • Communicate retainer changes to Directors and Accounts team e.g. a client down or upscaling on their retainer.

People Development

  • Adhoc training to OCFO staff, attend / present at OCFO webinars upon request,
  • Keep up to date with CPD requirements (reading articles, attending webinars, research tax/accounting treatment impact on client).
  • Update SAICA training website for article clerks to complete their competency requirements. (reviewer of SR)
  • Initiative & Independence
  • Multitasking & Problem Solving
  • Dependability & Interpersonal relationships
  • Attention to detail & flexibility
  • Planning & stress tolerance
  • Strong and effective management, time management, communication, technical and compliance skills
  • Team player
  • Xero Cloud accounting experience (desirable)

Our OCFO values:

  • Family first
  • Integrity matters
  • Switched on Thinking
  • Excellence in everything
  • Growth and success

Head Office:
Cape Town City Centre, Western Cape (hybrid working option)

Permanent Contract - Subject to a three-month probation period.

Starting Date:15 January 2024

Application Deadline: 2023/12/10
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