Financial Director (JB3087) at Kontak Recruitment

• An international firm is seeking a Financial Director / Manager to oversee the financial management functions of its local subsidiary and its South African operations, based in Modderfontein. The successful candidate will be responsible for ensuring an efficient project accounting and controlling function, managing all aspects of the company’s financial records, and adhering to the highest standards and practices. They will report directly to the South African MD and will also have financial reporting responsibilities to the international controlling teams. In addition, the Financial Director / Manager will be expected to have comprehensive knowledge of law and governance, project management, IFRS reporting standards, tax, forex, and the interpretation and analysis of financial statements.

Minimum Requirements:

• Required qualifications: B. Com Accounting degree or equivalent.
• Preferred qualifications: CA(SA) or CIMA qualification.
• Minimum 5 years of post-article working experience in a similar role.
• Experience in manufacturing, mining, or projects is preferred.
• Adequate competencies in budgeting, forecasting, reporting, cost accounting, and project accounting are required, ideally in a multi-national reporting environment.
• Complete understanding of cash flow, P&L, and Balance Sheet, as well as capex internal control procedures.
• Essential knowledge of IFRS, tax, and VAT.
• Experience in using Sage accounting software.
• Proven track record of managing a small team of fewer than 10 subordinates.
• Strong business acumen with excellent interpersonal and communication skills.
• Flexible, self-motivated team worker with high attention to detail.
• Ability to resolve issues pragmatically and effectively, even in pressurized situations.

Duties and Responsibilities: 

• Own and develop all financial policies, systems, and processes to maintain the integrity of financial records. This includes maintaining a documented system of accounting policies and procedures.
• Manage risk for the company's processes and systems.
• Develop and implement funding and financial structures, including project finance, debtor, grant, or other financing structures.
• Manage and control the general accounting functions, including monthly bookkeeping, general ledger, accounts payable, accounts receivable, collections, supplier batches, budget reporting, and stock control.
• Prepare and report monthly financial management accounts and financial statements.
• Complete fiscal and statutory compliance duties, including SARS PAYE, VAT, and other compliance, reports, and audits.
• Analyze and project cash flow.
• Manage treasury functions, including ensuring sufficient funds are available to meet operational requirements, achieving cash flow targets, reviewing petty cash procedures, maintaining FECs against orders, reviewing and approving payment submissions for accuracy and completeness.
• Manage auditors and execute year-end auditing requirements.
• Liaise with outside agencies, including banks, customers, suppliers, revenue services, customs, lawyers, and others.
• Oversee stock control, purchase order systems and procedures, and inventory management functions.
• Manage monthly payroll and all SARS reporting requirements.
• Fulfill the responsibilities of Company Secretary.
• Manage BB-BEE management and compliance.

Commercial management

• Ensure that commercial disciplines in the companies are maintained
• Review tender vets
• Review the trading conditions required by customers and assist sales in drafting required qualifications and ongoing negotiations with customers to ensure the limitation of the companies’ risk
• Review training conditions required by suppliers and assist in the negotiation to ensure that these conditions do not prejudice the companies.

Application closing date:19 May 2023