Group Financial Director Durban, South Africa

Group Financial Director Durban, South Africa

Group Financial DirectorOur 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 the Group.Salary – High-end salary plus all the benefits and bonusesMin Qualifications & RequirementsRegistered CA (SA) with 7 years post experience7 years plus post-qualification financial management experience – within a manufacturing environmentTax,





and financial regulatory and reporting requirements (IFRS)Strong costing and management accounting experienceResponsibilitiesManage the company's financial operations.Ensure that the 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.Compliance: 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.We offerMedical Aid ContributionProvident Fund ContributionAnnual BonusesPerformance Bonuses
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