Chief Financial Officer (5 yrs FTC)

Boikago Group; Pretoria; On-site; ZAR 1 900 000; Full time

Job summary

A leading transportation service provider in Pretoria seeks a dynamic Chief Financial Officer for a 5-year fixed-term contract. The CFO will provide strategic direction for the company's finances, oversee financial operations, and ensure compliance with regulations. The ideal candidate holds a CA (SA) and has significant experience in financial management and leadership. Competitive salary of R1.9m per annum negotiable.

Qualifications

• 10 years minimum of post-articles experience.
• Excellent teamwork and project management skills.
• Strong interpersonal and communication skills.

Responsibilities

• Lead and direct company’s financial functions.
• Oversee financial statements and audit.
• Develop and manage the annual budget.

Skills

Financial control frameworks

Management skills

Regulatory reporting

People management

Analytical skills

Budgeting and planning

Education

CA (SA)

MBA

Post Graduate Degree in Finance/Management Accounting

Tools

PowerPoint

Excel

Word

Job description

Chief Financial Officer (5 yrs FTC)

Salary: R1.9m per annum negotiable

Our client is a world class provider of transportation services for 2 decades based in Pretoria. They are seeking a dynamic Chief Financial Officer for a 5 years fixed term contract.

Role & Purpose

The CFO provides strategic direction of the company’s finances including financial operations and direct supervision of financial resources, functions and activities. The CFO will play a leading role in guaranteeing that daily financial operations are coordinated, cost-effective and efficient. He / she will focus on establishing relevant performance measures and implementing financial management strategy and practices that ensure the company establishes a reputation for being at the cutting edge of public transport. He or she shall solicit funding for various projects to ensure the company’s financial sustainability. The position reports to the CEO of the company.

Minimum Requirements (Education, Skills & Knowledge)

• CA (SA) is a requisite qualification for the role
• MBA is an added advantage
• Relevant Post Graduate Degree in Finance / Management Accounting
• Degree in Finance / Management Accounting
• 10 years minimum of post-articles experience
• High degree of computer literacy in PowerPoint, Excel, Word and electronic communication
• Excellent management skills – experience in managing teams and high level stakeholder management
• Solid experience and understanding of financial control frameworks and methodologies
• Knowledge of SA legislation, IFRS, GRAP, King III, Companies Act, Income Tax Act, PFMA and MFMA
• Proven experience in people management as subordinates report to the position
• Regulatory reporting experience
• Previous experience as CFO or three (3) years in a Senior Finance Manager role and being a member of EXCO is required
• Proven fund‑raising skills and experience
• High level of business insight and commercial acumen
• Good knowledge of all corporate and institutional banking products
• Experience in conducting presentations to diverse groups of internal and external stakeholders
• Policies formulation and review
• Analytical, organisational and report writing skills
• Strong budgeting, planning and execution skills
• Re‑engineering, project and process change skills would be desirable
• Strong interpersonal and communication skills
• Ability to lead the overall Finance and any other teams assigned
• Excellent teamwork and project management skills
• Ability to think strategically, operate and communicate at all levels
• As senior manager, the role requires integrity and confidentiality in handling information

Key Performance Areas

• Ensure the development and monitoring of finance policies and procedures within generally accepted accounting principles and corporate guidelines to ensure sufficient cash flow, reduced operating costs, and income generation.
• Lead, manage and direct company’s financial functions and activities.
• Responsible for the development and monitoring of financial management strategy, risk management strategy and plan, IT and procurement plan.
• Safeguard the organisation’s assets and manage liabilities to ensure a long‑term financially sustainable organisation.
• Responsible for financial statements with adherence to relevant legislation, and management of audit and tax affairs of the company.
• Oversee the maintenance of the inventory of all fixed assets, including assets purchased as well assuring that all are in accordance with International and South African legislation.
• Responsible for developing and monitoring a system of internal controls to adequately safeguard financial resources.
• Manage the preparation of the annual budget.
• Monitor and direct the implementation of strategic business plans.
• Develop and implement the organisation’s financial goals and objectives.
• Oversee the investment of funds and manage associated risks.
• Understand and mitigate key elements of the company’s risk profile. Maintain appropriate insurance cover.
• Oversee Procurement and IT functions of the company.
• Generate income for the company and approve monthly bank reconciliations.
• Manage the preparation of monthly management accounts and other informational reports and analysis.
• Review financial results and highlight future needs and trends.
• Ensure underlying accounting records are accurate, complete and in accordance with IFRS (International Financial Reporting Standards).
• Review monthly operating reports for accuracy, completeness and major variances between actual and budget results.
• Prepare quarterly and annual fair value reports.
• Prepare summaries and forecasts for future business growth and general economic outlook.
• Manage and develop human resources in Finance and assigned business units.
• Provide the CEO and Board of Directors with accurate and timely communication of financial issues.