Chief Financial Officer - Consumer (Umhlanga) at Ignition Group

Description

• The Chief Financial Officer – Consumer is accountable for the functioning and management of the Business to Consumer finance function encompassing Retail telco, Retail banking, Non-Regulated Product and Media with primary responsibility for financial leadership, strategic planning, financial reporting, budgeting, forecast collation, income tax compliance management, external auditor liaison and treasury.

This position is responsible for:

Financial Leadership

• Develop and implement financial strategies to support the growth of the businesses.
• Oversee all financial aspects, including budgeting, forecasting, financial planning, and analysis.

Strategic Planning

• Collaborate with the executive teams to create long-term strategies that align business and consumer needs.
• Evaluate new business opportunities, partnerships, and pricing strategies to maximize revenue.

Financial Reporting

• Ensure timeous, accurate and complete financial reporting
• Work closely with the Commercial Finance function to deliver accurate insights, drive revenue growth and accurate forecasting

Budgeting

• Producing the sector budgets for consolidation and submission to the Board of Directors, comprising income statements, balance sheet and cash flow statements.

Forecast collation

• Provide timeous forecast financial results on a continuous forward 12-month basis.
• Provide insight and analysis on the rolling 12 month forecast with key emphasis on EBITDA and cash generation for the sector.

Income Tax compliance

• Responsible for income tax submissions.
• Key liaison with SARS in respect to tax matters.

External auditor liaison

• Key liaison with external audit.
• Drive external audit deliverables to ensure timeous external audit completion.
• Project manage operational finance deliverables to auditors.

Treasury

• Take responsibility for treasury and forecast cash generation.
• Optimise cash position with detailed and rigorous cash collection strategies and accounts payable management.

Performance Management:

• Develop key performance indicators (KPIs) to measure success in the sector.
• Analyse financial performance and provide actionable insights to improve efficiency and profitability.
   

Team Leadership:

• Lead, mentor, and develop the finance team to enhance capabilities and drive performance.
• Foster a culture of accountability and performance within the finance department.
   

Requirements
Knowledge, skills and attributes:

• Creative, strategic, and financial acumen coupled with strong business intellect necessary for taking the business to the next level.
• Ability to influence and motivate others to maximise their efforts towards achieving the company’s business purpose.
• Demonstrate business acumen, finance expertise and strategic planning skills.
• Visionary leader who demonstrates the ability to interface and maintain effective working relationships with all departments.
• Proven management skills.
• Ability to collaborate with executives at a strategic and tactical level.
• Deep understanding of regulation, coupled with an understanding of cost and revenue, capital allocation, and stakeholder issues.
• In-depth understanding of performance reporting and financial / budgeting processes.

Education and training:

• Degree in business, e.g., Bcom (Accounting), Economics, Business Administration, etc.
• Chartered Accountant registration.

Experience:

• At least 12 years' experience in the business to consumer sector (preferably telecommunications or fintech), managing a team in a dynamic and highly competitive environment.
• Experience in a senior financial leadership role in a company with complex financial modelling particularly in relation to customer lifetime value.
• Demonstrated ability and experience advising and influencing executives, providing insights that lead to key decision making within the business.
• Substantial experience in leadership and an ability to motivate and promote professional development of a cross-functional team.