Head of Finance - OTRACO at Bridgestone South Africa (Pty) Ltd

Position Description
Job purpose

• We are looking for a Head of Finance to manage the full financial function all financial tasks of Otraco and ensure we use capital and resources are utilised optimally.
• This role will ultimately be responsible for maintaining the business financial health and increasing profitability in the long run.
• The Head of Finance will support the MD in achieving Company’s targets, always ensuring that all relevant financial and regulatory requirements are fulfilled in a timely manner and in compliance with country specific legal/tax regulations, as well as Bridgestone Group guidelines and regulations.

Location:

• Otraco Head Office, Pretoria

Reporting Line

• Direct reporting line: CFO - Bridgestone Holdings Southern Africa
• Dotted line: Managing Director - Otraco

Job Responsibilities

• Act as a key business partner to the Managing Director in the achievement of the Company’s midterm plan target, strategy and policy.
• Identify sources of financial risks, cost and profit opportunities and closely cooperate with other non-financial directors / managers stakeholders to develop and implement appropriate business priorities and actions.
• Responsible for the coordination, compilation production and reporting of the Actual, Budgeted and Mid Term Plan financial results to the Managing Director and the Senior Leadership Team. Executive Team
• Perform analysis, provide explanation of variances and make relevant recommendations supporting Top Management for effective decision making, always aiming to achieve Company’s objectives.
• OPEX, monitor Monitor OPEX and actively working with the different functions to manage spending in line with the company performance.
• Ensure that the Company’s level of credit risk exposure taken towards the customer’s portfolio, managed by the Credit Dept., remains well balanced and under control in order to achieving targets.
• Ensure credit reviews are performed and payment plans are in place and executed.
• Supervise and ensure that all activities performed in the Finance department are done in compliance with legal & tax requirements in all the countries within the region as well as group requirements/procedures.
• Establish internal control procedures and ensure that administrative, accounting, credit and financial procedures and policy standards are respected and maintained over time.
• Full ownership and management of the procurement process including the team.
• Support internal-external audits and JSOX activities.
• Ensure that all regulations and requirement for Otraco are met, in regard to financial and tax laws.
• Statutory Compliance responsibilities and Corporate Governance: Manage Audit Risk committee commitments, Balance Sheet Integrity, Solvency and local country compliance is key.
• Support senior stakeholders on all business reviews, manage budgets across multiple departments/divisions and forecast future needs using a long-term planning process to make informed decisions that improve company performance.
• Ensure responsibility for the design and implementation of the most effective finance organization, optimizing use of resources in line with overall company strategy.
• Responsible for management of the finance team which includes but is not limited to talent development, coaching, appropriate discipline as well as teambuilding and motivation.

Education (type & level)

• Major/subject: Finance, Economics and Accounting
• Degree level expected: University degree (4-5 years)
• CA(SA)

Professional Experience

• Level: Snr/Top Management
• Length: > 10 years
• Industry: Mining/Automotive beneficial, as a Finance Business Partner
• Function: Finance
• Team management, experience in a matrix organization is preferred

Specific Behaviour & Attitudes

• Strong Positive Leadership, Entrepreneurship and Business acumen.
• Strong communication and presentation skills –
• Ability to think strategically with operational effectiveness, while also being practical and hands-on;
• Open minded; flexible with good customer focus and commercial acumen.
• Analytical skills, precise, rigorous.
• Ability to plan, organize and meet deadlines.
• Act as Business Partner
• Cross Functional Team (CFT) approach
• Strong IT skills with deep knowledge of SAP B1 beneficial ERP system, Reporting tools and MS Office – Excel, Access and Powerpoint advanced level.