Group Financial Director Ca(Sa)

Frogg Recruitment Sa; Durban; On-site; ZAR 500 000 - 600 000; Full time

Job summary

A leading recruitment agency is looking for a Group Financial Director in Durban. The ideal candidate must be a qualified CA(SA) with over 7 years of financial management experience, particularly in the manufacturing industry. Responsibilities include overseeing the company's financial operations, ensuring compliance with regulations, and managing financial reports and budgets. This position offers a high-end salary along with various benefits and bonuses.

Benefits

Medical Aid Contribution

Provident Fund Contribution

Annual Bonuses

Performance Bonuses

Qualifications

• 7 years post-qualification experience in financial management within a manufacturing environment.
• Strong knowledge of tax, financial regulatory and reporting requirements (IFRS).
• Ability to oversee cash flow management and financial operations.

Responsibilities

• Manage the company's financial operations.
• Ensure compliance with financial regulations and standards.
• Prepare and monitor financial reports and budgets.

Skills

Financial management

Tax compliance

Cost accounting

IFRS standards

Education

CA (SA) qualification

Job description

Group Financial Director

Our client in the Durban West Area is looking for a Group Financial Director with 7 years plus post-CA (SA) experience coming from the Manufacturing industry.

Must be a Qualified CA or Chartered Accountant CA(SA).

Lead the development of effective financial policies, procedures, and guidelines for Group.

Salary – High-end salary plus all the benefits and bonuses.

Min Qualifications & Requirements

• Registered CA (SA) with 7 years post experience
• 7 years plus post-qualification financial management experience – within a manufacturing environment
• Tax, financial regulatory and reporting requirements (IFRS)
• Strong costing and management accounting experience

Responsibilities

• Manage the company's financial operations.
• Ensure that financial transactions, policies, and procedures meet the organization's short and long-term business objectives and are conducted in accordance with regulations, accounting principles, and standards.
• Oversee cash flow management, liquidity, and banking relationships.
• Ensure effective management of working capital.
• Manage and support finance, debtors, creditors, and cost accounting teams.
• Prepare and monitor weekly cash flows.
• Ensure standard costing and the related product costing model, bill of material are updated as necessary.
• Keep up to date with IFRS standards and all accounting concepts, practices, and procedures.
• Oversee commercial contracts with suppliers, retailers, agents to ensure that they are not commercially onerous.
• Review procurement and contracts prior to settlement.
• Develop organization prospects by studying economic trends and revenue opportunities; projecting acquisition and expansion prospects; analyzing organization operations; identifying opportunities for improvement, cost reduction, and systems enhancement; and accumulating capital to fund expansion.
• Oversee the preparation and communication of monthly and annual financial statements.
• Ensure the timely reporting of key financial data and updates to the CEO, Board of Directors, and other key stakeholders.
• Prepare financial reports including financial statements, strategic plans, budgets, and financial forecasts up to consolidation level.
• Oversee and manage the budget monitoring process including the production of monthly and quarterly financial and performance reports and provide recommendations and advice to address significant variances.
• Prepare management accounts for 4 Group companies (2 manufacturing companies, property company, and holding company) and consolidation.
• Ensure legal and regulatory compliance regarding all financial functions. This includes tax planning and compliance with tax regulations. Implement and monitor compliance with all financial and accounting standards (IFRS and PFMA), procurement (PPPFA), CIPC, and tax requirements.

This includes medical Aid Contribution, Provident Fund Contribution, Annual Bonuses, Performance Bonuses.