Commercial Finance Lead
7 days ago
Tongaat is seeking a Commercial Finance Lead to provide financial support and expertise to operations in local and export markets.
Key Responsibilities :
- To provide financial guidance and support, ensuring operational success.
- Deliver financial evaluations and commercial insights to inform business decisions.
- Review product and customer profitability reports, monthly agent commission and incentive calculations.
- Monitor Raw Material and Commodity Prices, liaising with Strategic Sourcing / Procurement for favourable pricing and terms.
- Assess impact of stock returns due to quality and combustion on the business.
- Collaborate with the Sales Manager to stay abreast of competitor trends, assessing their impact on sales and forecasts.
- Weekly review distribution progress, impact on monthly financial and cash flow forecasts.
Accountabilities :
- Ensure Operational Raw Materials requirements align with forecasts.
- Communicate trends in Cost of Sales vs Budget / Forecasts to Senior Management.
- Monitor Selling Price and GP Margins trends, communicating areas of concern to Senior Management.
- Foster strong relationships with Key Suppliers, Credit Insurers and TH Strategic sourcing / Procurement.
- Collaborate with TH Strategic Sourcing / Procurement on Supplier Contracts / SLAs and Tender Processes.
Budgeting & Forecasting :
- Develop detailed revenue budgets incorporating operational inputs.
- Provide sensitivities on key assumptions with meaningful variance analysis.
- Oversee the review of standard cost per ton for Bill of Materials (BOM).
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