Financial Director

Tower Group; Durban; On-site; ZAR 600,000 - 750,000; Full time

Job summary

A leading finance organization in Durban is looking for a Financial Director to manage financial activities and ensure compliance with legislation. The ideal candidate will have significant senior finance experience, particularly in IFRS, and the ability to craft financial strategies that maximize shareholder value. Responsibilities include overseeing the finance function, managing external relations, and reporting to the Board. This is an opportunity to influence business strategy at a high level.

Qualifications

• 5-10 years relevant experience, including 3-5 years leading the finance function.
• In-depth knowledge of IFRS reporting.
• Thorough knowledge of relevant legislation.

Responsibilities

• Develop and evaluate short- and long-term strategic financial objectives.
• Provide input to the Board on the Group’s financial strategy.
• Ensure compliance with corporate governance and financial reporting rules.
• Manage relationships with external parties.

Skills

Financial management

Chartered Accountant CA (SA)

IFRS reporting

Education

Chartered Accountant CA (SA)

Job description

Job Purpose

To ensure professional and ethical financial practices and a cohesive finance service offering aligned with business strategy, ensuring the functionality and profitability of the Group. The Financial Director will be responsible for planning, implementing, managing, and controlling all financial activities, playing a strategic role in the overall management of the Group.

Duties and Responsibilities:

1. Develop and evaluate short- and long-term strategic financial objectives for the Group, aligned with overall business strategy.
2. Provide input to the Board on the Group’s financial strategy to optimize financial performance and strategic position.
3. Design, recommend, and manage the Group’s capital structure to maximize shareholder value. Contribute to developing group strategy, challenging assumptions, and providing financial analysis and guidance on activities, plans, targets, and business drivers.
4. Formulate and implement finance policies and procedures to ensure achievement of financial objectives and monitor compliance.
5. Ensure that financial systems are robust, compliant, and support current activities and future growth.
6. Oversee all aspects of the Finance & Accounting functions, ensuring healthy financial management.
7. Prepare accurate information for Board meetings, sub-committee meetings, presentations, and shareholder meetings.
8. Deliver all financial reporting requirements in compliance with legislation and regulations, including the Companies Act, JSE requirements, and King IV.
9. Manage processes for financial forecasting, budgeting, consolidation, and reporting.
10. Develop systems of internal controls to manage and minimize financial risks.
11. Implement a risk matrix to assist management in risk management.
12. Ensure compliance with corporate governance, local and international laws, and financial and tax reporting rules.
13. Develop and maintain compliance reports to support management in legal compliance.
14. Establish strong relationships with senior executives to identify needs and provide financial solutions and advice.
15. Collaborate with the CEO and CFO to design and implement strategies to enhance shareholder returns and growth.
16. Develop and implement M&A strategies to maximize shareholder value.
17. Manage relationships with external parties, including customers, advisors, and investors.
18. Lead and empower team members to achieve optimal results.
19. Provide ongoing advice, guidance, and support to the Group.

Qualifications & Experience

Chartered Accountant CA (SA)

5-10 years relevant experience, including 3-5 years leading the finance function.

Prior Knowledge

• In-depth knowledge of IFRS reporting.
• Thorough knowledge of relevant legislation.
• Overview understanding of T systems and control environment.