CHIEF FINANCIAL OFFICER - 5 MONTH CONTRACT - MARKET RELATED SALARY - must be available immediately
1. BACKGROUND AND INTRODUCTION
Our client based in Durban seeks to emlpoy a dynamic individual with the right qualification and experience to assume the position of a Chief Financial Officer. This person will be responsible for:
? The full financial function within the organisation including financial reporting
? Preparation of management and statutory information for both internal and external stakeholders
? Treasury management and risk management.
The individual will be expected to implement the principles of good corporate governance and participate and contribute to investment and strategic decision-making.
The candidate will be responsible for the following:
? Develop and implement the organizational financial plans in alignment with the approved organizational strategy.
? Provide effective financial control and leadership to the company whilst working as an integral part of the team.
? Ensure the existence of robust financial risk management strategies and policies to mitigate against risks that face the copmpany
? Implement continuous financial auditing and control systems to evaluate and monitor organizational performance.
? Prepare and present the annual financial statements and other related reports.
? Report on operational activities, efficiencies, and variances in line with laws, regulations and policy.
? Implement and ensure compliance with accounting standards and policies as well as best practices that are suitable to the company .
? Prepare annual budget and consolidative business unit budgets, financial and business plans, feasibility studies and other operational plans for approval by the Board.
? Monitor and report on all accounting irregularities, non compliance and gaps which are related to financial systems and processes (actual and potential), and recommend corrective measures.
? Manage service level agreements with suppliers including accountants and auditors, consultants, underwriters, etc.
? Develop and maintain working relationships with other financial institutions and regulatory bodies to operationalise working plans and corporate governance.
? Develop and continuously improve accounting systems including software and other financial communication systems.
? Initiate and engage in all manner of activities that will ensure financial health, growth and achievement of business goals.
? Attract, develop, and retain talented staff including fostering of a high performance culture.
? Be a catalyst for change.
3. REQUIREMENTS FOR CANDIDATE
? Postgraduate tertiary qualification in commerce and banking or equivalent.
? A Chartered Accountant with at least seven (7) years related senior executive experience preferably in a banking environment.
? Knowledge, insight and experience in facilitating the effective management of the treasury function.
? Knowledge of computerized systems (ERP Systems).
? In depth knowledge and application ability of finance management and development.
? Diplomacy, discretion, negotiation, analytical and problem solving skills.
? An intimate understanding of the company as an organization together with an appreciation of its strategic objectives, policies and procedures.
? A proven record of a successful career in financial management.
? Well-developed presentation and negotiation skills.
? Thorough knowledge of relevant legislation like Banks Act, PFMA, etc.
? Experience and ability to improve organizational efficiencies and improve returns from existing businesses.
? High financial skills and acumen to compile, manage and report on financial status of the division
? The ability to perceive and understand the true nature of a commercial opportunity in a competitive market and to develop strategies to harness the opportunity, specifically within the KZN environment.
? Honesty, integrity and good business ethics.