Commercial Finance Lead

7 days ago


Pinetown, KwaZulu-Natal, South Africa HR Genie Full time

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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