Gauteng: Financial Director posted by Inisys Africa BIM Solutions (Pty) Ltd

Job Summary

Direct Reports
Financial Manager, Group HR Manager, Procurement Manager, IT Manager

Required Experience:
The Client is in the business of buying and selling therefore:

• Strong stock control background and knowledge of procurement and import principles, controls and policies
• Knowledge of processes /policies pertaining to selling spares, servicing department, warehousing, in any industry or industrial kitchen/catering equipment 

Minimum qualifications and Experience

• CA (SA)
• Minimum 5 years post articles experience in finance and operations management
• Strong understanding of financial reporting, budgeting, and analysis.
• Proven experience in strategic planning and execution.
• Proven track record in implementing and improving operational and financial controls.
• Excellent leadership, communication, and interpersonal skills.

Skills Required

• Proficient in financial software and ERP systems
• Proficient in IFRS and tax
• Working knowledge of FICA

KEY PERFORMANCE OUTPUTS

Financial Strategy

• Develop and implement financial strategies aligned with the company’s goals.
• Provide strategic recommendations to the MD and executive management team
• Conduct financial analysis and modelling to support decision-making on investments, capital projects, and business expansion opportunities

Budgeting & Forecasting

• Prepare and manage annual budgets and forecasts.
• Monitor financial performance against budgets and provide variance analysis.

Financial Reporting

• Oversee the preparation of timely and accurate financial reports, including profit and loss statements, balance sheets, and cash flow statements.
• Ensure compliance with financial regulations and standards
• Prepare comprehensive financial reports and presentations for the board of directors, providing insights into key financial metrics, trends, and risks.
• Serve as a primary liaison between the finance function and the board, addressing inquiries, providing guidance, and facilitating discussions on financial matters.  

Cash Management

• Monitor cash flow and manage working capital to ensure the organization’s financial stability.
• Optimize the organization’s liquidity position.

Risk Management

• Identify and manage financial risks, including credit, market, and operational risks.
• Develop risk mitigation strategies
• Ensure compliance with Group risk and compliance policies

HR & Payroll

• Provide oversight and approve HR-related budgets
• Align workforce planning with BBBEE (Broad-Based Black Economic Empowerment) strategies, ensuring diversity and equity goals are met while managing costs.
• Ensure adherence to statutory laws, tax regulations, and employment standards to mitigate legal and financial risks.
• Collaborate with HR to ensure proper record-keeping for internal and external audits.
• Ensure payroll processing complies with South African Revenue Service (SARS) and other Statutory requirements
• Ensure accurate monthly, bi-annual, and annual submissions to SARS, including IRP5 reconciliations.
• Ensure accurate internal monthly reconciliations
• Ensure that payroll controls are in place to mitigate risks

Information Technology

• Drive digital transformation across IT to enhance operational efficiencies
• Oversee the use of IT systems (e.g., HRIS or payroll software) that are compliant with POPIA (Protection of Personal Information Act) for safeguarding employee data.
• Ensure secure integration of payroll and HR systems to mitigate cybersecurity risks.
• Monitor IT policies to ensure compliance with POPIA, particularly for storing and processing employee and payroll data.
• Oversee and approve IT Budget
• Ensure robust IT systems for HR and Payroll, including backup and recovery plans, to avoid data loss and service disruptions.

Team Leadership

• Lead and mentor the finance team, fostering a culture of performance and continuous improvement.
• Oversee recruitment, training, and development of finance staff
• Communicate performance expectations and provide subordinates with ongoing feedback.
• Provide direct reports with coaching and counselling, as needed, to achieve performance objectives.

Stakeholder Engagement

• Collaborate with other departments to provide financial insights and support.
• Communicate financial performance and strategy to stakeholders, including the board of directors and investors
• Collaborate with the executive leadership team to develop long-term financial plans and strategic initiatives aligned with organizational goals

Compliance & Governance

• Ensure compliance with statutory laws and financial regulations.
• Oversee internal audits and implement corrective actions as needed

Stock Management

• Manage and control of stock in all warehouses and oversee stock takes. Management of all purchase orders both locally and foreign.
• Insure WIP/Job Card registers for service departments is well controlled and managed

 
Core Competencies:

• Strategic Focus – Shapes the organization’s future and sets the financial and social direction to create a viable enterprise both internally and externally for the long term.  Develops strategy that creates horizontal synergy
• Analytical Thinking and Problem Solving
• Conceptual Thinking – Applies rigorous critical reasoning and strategic thinking to identify and resolve core issues.
• Change Orientation
• Change Leadership – Champions and drives change initiatives. Responds in a positive and flexible manner to change and uncertainty.
• Leadership
• Leadership – Builds and leads an inspired and engaged high performing team.
• Business Acumen
• Commercial Orientation – Manages the financial resources of the enterprise to ensure its long term sustainability..
• Entrepreneurial Thinking
• Entrepreneurial Awareness – Increases competitive advantage by identifying and assisting the organization to capitalize on new opportunities for the business.
• Results Orientation – Drives for superior results and aligns organizational design, leadership and individual capability to ensure that key organizational objectives are met.
• Innovation and Continuous Improvement
• Continuous Improvement Orientation – Encourages and models innovation to identify opportunities for continuous improvement.  Generates innovative solutions.  Encourages and tries different and novel ways to deal with problems and opportunities.
• Managing Risk – Identifies and ensures effective management of risk and good corporate governance in the business area.
• Planning and Prioritizing – Prioritizes, plans and organizes activities to ensure urgent issues are resolved and longer-term value is added.
• Communicates with Influence – Communicates persuasively to gain agreement to proposals or ideas in the organization.
• Emotional Resilience – Effectively manages pressure, demands, and adversity, demonstrates self-awareness to recognize moments of mental instability and seeks assistance when needed.
• Learning Orientation – Continuously assesses own development and learning needs and actively seeks opportunities and feedback to improve. Openly shares knowledge and skills through knowledge sharing and coaching others.

Financial Director position available in Gauteng, Gauteng. This job position was posted by Inisys Africa BIM Solutions (Pty) Ltd. The job has been posted as a char8000 ad on 2024-11-29 at 01:03:19 in the Finance Accounting category

Click Go Apply to apply online!

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