Financial Director

3 weeks ago


Sandton, South Africa CareerfinderZA Full time

Key Performance Area:

- Demonstrate commercial acumen with regard to business performance improvement at a strategic and operational level, constantly scanning for business and cost/income improvement opportunities. Supports the MD with growth and sustainability strategies.
- Oversee the reporting process for the division, ensuring efficient, timely and accurate monthly, quarterly, interim and annual financial reports.
- Monitoring actual performance against budgets, identifying and investigating variances.
- Accruals/provisions and correcting journals posted as required following review.
- Prepare various finance reports for board meetings, including detailed quarterly commentary for the MD report.
- Other ad-hoc reports and models prepared as required to support the business in terms of the supply of financial information for decision making as well as business development.
- Prepare the detailed annual budget and quarterly forecasts for the division.
- Co-ordinate and manage the financial year-end audit.
- Oversee stock management processes for the division, ensuring optimal working capital is maintained and mínimal stock write-offs.
- Third party supplier negotiations for both tender and private markets to ensure cost optimization.
- Monitoring adherence and adequacy of internal control systems including but not limited to policies and procedures to prevent/detect material errors and prevent and detect theft and fraud in the business unit & systems to ensure safeguarding of the business assets.
- Review of legal agreements including licensing, supplier, fee and multinational partnership agreements.
- Analyse and advise on product commercialization and feasibility, partnering with sales, marketing, new business development and manufacturing functional areas.

Minimum Requirements:

- Qualified CA (SA).
- Minimum 5 years’ financial management experience at a senior management level.
- Knowledge of Oracle finance modules will be an advantage.
- Working knowledge and experience within the pharmaceutical environment will be an advantage.


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