Financial Director

2 weeks ago


Midrand, South Africa Synergy Jobs (Pty) Ltd Full time

**POSITION**: Financial Director

**LOCATION**: Midrand, Gauteng

**EE**: Open to all

This role will take accountability for the financial oversight and operations and support the executive team to achieve the business strategy.

**Key Performance Areas**:

- **Financial**:

- Review of monthly financial reporting including profitability, statement of financial position and trial balance
- Analysis of key financial information on a monthly and ad hoc basis
- Preparation of monthly flash and other group reporting
- Preparation of financial and other information for management and board meetings
- Preparation and review of annual budget information
- Input and review of monthly forecast information per business unit.
- Completion of the annual audit and finalization of the annual financial statements
- Preparation of key provision calculations including IFRS9 and inventory
- Review of customer/supplier onboarding and approval of new accounts
- Monitor customer overdue accounts and approve collection strategy.
- Review and approval of changes to various master data including customer, supplier, fixed assets.
- Review of monthly supplier reconciliations
- Approval of new beneficiaries and supplier payments on the banking system
- Review and approval of all tax related calculations and submissions including VAT, income tax, employee tax, withholding tax.
- Treasury and cashflow management on a daily basis to maximize interest.
- Monitor and manage foreign exchange exposure on a weekly basis
- Ensure the accounting and tax compliance of transactions.
- Review of high value commission and bonus calculations
- Assessment and review of technical financial areas including external opinions and advice provided.
- **Operational**:

- Preparation of customer financing schedules
- Review of pricing methodology on key customer accounts
- Liaise with key customers/suppliers on account queries.
- Respond to customer / supplier related questionnaires.
- Provide financial advice to business units in terms of deal structuring.
- Review insurance requirements and submission of claims.
- Preparation of foreign salary payments
- **Corporate Governance/ Compliance/ Internal Processes**:

- Approvals of various tasks as required in terms of the delegation of authority.
- Monitor Finance compliance related tasks.
- Review and submission of compliance related questionnaires.
- Regular review and updates where necessary of Finance policies
- Involvement in internal and external audits ensuring no material issues are noted.
- Drive system improvements where reporting is inaccurate or can be implemented to create efficiencies.
- Drive digitization of finance processes
- Preparation of the Finance Risk register and review of the Group Risk Register
- **People Management / People Development**
- Set objectives for the Group Finance team and monitor and measure the achievement on a bi-annual basis.
- Management of the Group finance team, to ensure agreed deadlines are set and met.
- Performance management objectives are clearly defined and measured against for each staff member.
- Approval and implementation of training and development plans
- Build and maintain relationships with internal/external stakeholders.
- Mentorship of finance management team
- **Critical Requirements - Skills, Experience & Qualifications**:

- Matric Certificate
- BCom Honors plus articles
- CA (SA) (a bonus)
- 10-15 years post articles experience - minimum
- Strong financial acumen
- Proven Business and commercial acumen
- Local and international tax and regulatory exposure
- Comprehensive financial risk management
- Understanding of ERP systems
- Management of a large diverse team
- Involvement in strategic business planning
- Professional report writing and presentation skills.
- Independent, reliable, Integrity, Teamwork
- Meticulous and Systematic
- Good communication and writing skills.
- Punctual
- Attention to detail.
- Good Microsoft Office skills (Excel, Word etc.)
- Network / Building relationships.
- Continuous learning and improvement
- Customer Service Orientation
- Service Management


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