Sub Regional Function Head - Business Finance, Southern Africa at UPL

Role Responsibilities

Financial Management

• Ensure the timely and accurate delivery of results, management information and financial reporting.
• Monitor, review and interrogate gross margin and expenses for the company, with various stakeholders.
• Debtor management review and overview.
• Ensure the correct recording and protection of all assets of the Company.
• Review of the debtor department’s KPI’s, reports and corrective actions.
• Ensure that creditors are recorded correctly and paid timeously.
• Review and implementation of accounts payable KPI’s and reports.
• Sign off credit applications/credit limits etc. and mitigate any financial risk
• Accountable for cost/profit centre breakdowns.
• Produce and supply analytical financial information interaction with business unit.
• Making recommendations w.r.t monthly results in respect of IFRS savings accounting policies, risks.
• Trend analysis to inform forecasting and product trends.
• Conduct weekly analysis together with FP&A and MIS Team on gross margins and master data per SKU.
• Review and overview of monthly analysis of SG&A to understand and predict future SG&A expenses and landing vs budget and prior year.
• Review and overview of working Capital Forecast to understand and predict future working capital and landing vs budget and prior year.
• Review and overview of Cash Flow forecast to understand and predict future cashflows and landing vs budget and prior year.
• Analyse working capital, EBITDA, P&L with Sub Regional Business Head on a monthly basis.
• Discuss results of forecasts on WC and P&L with Sub Regional Business Head and Sub Regional Leadership Team on a monthly basis.
• Analyse monthly top 20 AI report from with FP&A, MIS Team and Commercial Heads.

Strategic

• Contribute strategic financial expertise and information that ensures Sub Regional Business Head is able to take sound and informed decisions.
• All local asset insurance negotiations and cover.
• Planning and negotiation of cash loans and overdrafts with banks and Intercompany subject to global authorisation table.
• Planning of external audit, hard-close and annual audit with auditors.
• Consider implication of IFRS on the business and accounts and results.
• Involvement in IT steering committee w.r.t IT systems in the business.
• Ensure the systems and structures are in place enabling the efficient and accurate reporting of information to all stakeholders.
• Represent UPL on Board of Directors in Associate Companies.

Enterprise Risk management

• Ensure the implementation/monitoring/maintenance of an effective internal control and risk management environment.
• Planning of yearly internal audits where applicable and designing and improving on weaknesses of controls from a financial perspective.

Treasury Control

• Ensuring that cash is managed in accordance with business requirements and cash forecast.
• Bank liaison and negations in rates and facilities.
• Ensure timeous statutory payments.
• Review and analyse, working capital improvement identification opportunities.
• Review and implement hedging options to mitigate foreign currency exposure

Statutory and Audit

• Ensure that statutory statements are completed and compiled and audited.
• Monitor and manage the different audits, interim, annual audit and internal, ensuring timeous sign off by auditors as per Group/Statutory requirements.
• Ensure that tax for the group is completed and compliant as well as optimised.

Manage People

• Ensure the various Finance Departments are fully staffed with appropriately experienced employees.
• Train and develop employees based on identified training needs in accordance with the Workplace Skills Plan.
• Ensure Performance Appraisals are conducted as per Company Policy.
• Ensure general discipline in the department and ensure corrective action is taken on all misconduct incidents.
• Adhere to all HR policies, procedures and requirements to ensure sound people practices.

Project Management and Group Budget

• Carry out adhoc projects for Sub Regional Business Head, including minority valuations etc, participate in negotiations with minority acquisitions including business case.
• Carry out adhoc projects and queries from commercial and supply chain (Product analysis, region review, COGS, analysis vs budget and LE.
• Compilation, review and finalization of budgets.
• Presentation of the Southern Africa budget to the Africa leadership team.

Meetings

• Attend and advise on the monthly Pre SOP meeting, representing the Finance Department, ensuring financial implications of propped actions are considered.
• Attend and advise monthly Forecast and demand review meeting, reviewing and calculating financial consequences of the operational issues.
• Participate in conference calls with FP&A, discussing operational performance and forecasts.
• Attends and advise pricing committee meetings, new product launches and demand planning on behalf of Finance.

Knowledge, Skills and Experience Required

Technical Requirements:

• CA (SA)
• MBA
• Finance +- 15 years’ experience
• Knowledge and understanding of AgChem Business
• Ability to speak both English and Afrikaans
• Experience with interacting with Commercial and Key customers