Chief Financial Officer (5Year - FTC)

Staff Solutions Recruitment; East London; On-site; ZAR 800 000 - 1 000 000; Full time

Job summary

A recruitment agency is seeking a Finance Executive located in East London, South Africa. The position involves developing financial strategies, overseeing financial operations, and managing compliance. Candidates should have a master's degree in finance or be a Chartered Accountant with at least 10 years of experience, including 5 in a leadership role. This is a 5-year fixed-term contract.

Qualifications

• Minimum of 10 years working experience in finance, 5 years in senior leadership role.
• Deep understanding of commercial operations.
• Ability to link financial strategies to business goals.

Responsibilities

• Develop financial strategies for growth.
• Lead budgeting and forecasting processes.
• Ensure compliance with financial reporting standards.
• Oversee all accounting functions and cash flow management.
• Identify and manage financial risks.

Skills

Financial strategy development

Risk management

Interpersonal skills

Financial compliance

Education

NQF level 9 qualification or Chartered Accountant (SA)

Job description

Job Responsibilities

Financial Strategy and Leadership

• Develop and implement financial strategies to support the companys business goals and long-term growth.
• Collaborate with the CEO, EXMA, and other executives to define and execute strategic initiatives.
• Provide financial insights to drive decision-making, improve profitability, and achieve operational efficiency.
• Lead the annual budgeting process, ensuring alignment with business objectives.
• Identify opportunities to optimize financial performance and implement best-in-class financial practices across all companies in our company Group
• Implementing and overseeing financial systems, protocols, controls and strategies

Financial Planning and Analysis

• Lead the budgeting and forecasting process across the group, ensuring clarity, alignment, and precision within a relevant and reasonable time frame.
• Monitor financial performance, conduct variance analysis, and present actionable insights to the leadership team
• Monitor key financial metrics, including functional / service area costs, gross margins, and profitability by product line.
• Analyse operational cost drivers and identify opportunities for cost reduction.
• Evaluate capital investment projects, ensuring alignment with financial objectives and ROI targets.
• Drive profitability by identifying inefficiencies and areas for improvement across all of our Corporation.

Financial Operations and Reporting

• Ensure accurate and timely financial reporting in compliance with applicable public sector accounting standards
• Oversee all accounting functions, including accounts payable, accounts receivable, payroll, and general ledger management.
• Oversee cash flow management across the group, ensuring liquidity and optimal allocation of resources.
• Oversee all tax aspects and financial legislative requirements for the business.
• Provide oversight on working capital requirements and capital allocation strategies to support growth initiatives.
• Lead the preparation of monthly, quarterly, and annual financial statements.
• Managing the day-to-day financial operations of the group and group companies
• Driving profitability and scalability across the group

Risk Management and Compliance

• Identify and mitigate financial risks, including currency fluctuations, interest rate risks, and market volatility.
• Determine, implement, optimize and manage strategies and systems to manage significant risk areas within the group so far as they pertain to the optimal operation of the Finance responsibility in the group, including but not limited to Credit risk, Audit risk, Compliance risk, Financial Data Security risk, Business Continuity risk and Liquidity risk.
• Oversee internal and external audits, addressing any findings promptly.
• Establish and maintain a robust internal control framework to safeguard company assets.

Cost and Revenue Management

• Monitor and control operating costs, including cost of employment, functional area expenses (all business units) and general overheads.
• Work closely with properties, infrastructure and development finance function to optimize operations efficiency
• Analyze cost variances and implement corrective measures to improve profitability.
• Oversee rental income streams, collaborating with property management functions to ensure timely revenue recognition and realization.
• Work with the Development Finance Unit to facilitate the timely disbursement and collection of loans in alignment with contractual agreements, policies, regulations and best practices.
• Monitor and maintain healthy collection rates, ensuring profitability, cash flow, liquidity, and solvency objectives are met

Job Requirements

• NQF level 9 qualification such as masters in business administration or finance OR
• Chartered Accountant (SA) or equivalent
• A minimum of 10 years of working experience in finance of which 5 years must be in a senior leadership role.
• Deep understanding of commercial operations and / or business financial turnaround.
• Strong ability to link financial strategies to operational and strategic goals
• Strong interpersonal and presentation skills, with the ability to engage with stakeholders at all levels.

(Kindly note this is a 5-year fixed term contract)