Chief Financial Officer at FoodBev Manufacturing SETA

Specific duties:

Strategic Planning and Execution

• Develop and implement financial strategies aligned with organizational goals.
• Participate in strategic planning and policy development.
• Analyse and forecast economic trends to inform strategic decisions.

Financial Management

• Oversee all financial operations including accounting, financial reporting, budgeting, and auditing.
• Ensure effective internal controls and compliance with financial regulations.
• Manage relationships with financial institutions and stakeholders.

Financial Reporting and Budgeting

• Prepare and present accurate financial statements and reports to the CEO and Board.
• Ensure timely and accurate submission of statutory financial reports.
• Maintain transparency and accuracy in all financial disclosures.

Supply Chain and Asset Management

• Oversee procurement processes to ensure cost-effectiveness and efficiency.
• Develop and implement supply chain strategies.
• Manage vendor relationships and contract negotiations.
• Manage all procurement contracts.
• Manage and safeguard the organization’s assets.

Budgeting and Forecasting

• Lead the annual budgeting process, including forecasting and variance analysis.
• Lead mid-term review of budgets and submit all necessary reports to regulatory body.
• Monitor and report on budget performance.
• Develop financial models to support strategic initiatives.

Financial Monitoring & Evaluation

• Monitor financial performance against benchmarks and objectives.
• Conduct regular financial analysis and evaluations.
• Implement corrective actions as necessary.

Levies & Grants

• Ensure compliance with levy and grant payment processes.
• Oversee the distribution and management of grants.
• Maintain accurate records and reporting of levies and grants.

Reporting

• Prepare comprehensive financial reports for internal and external stakeholders.
• Ensure compliance with reporting standards and regulations.
• Communicate financial performance and insights to the Board and executive team.

Financial Risk Management

• Identify and mitigate financial risks.
• Develop and implement risk management policies.
• Conduct risk assessments and scenario planning.

Policies, Procedures and Systems

• Develop, implement, and update financial policies and procedures
• Ensure alignment with best practices and regulatory requirements
• Train staff on new policies and procedures.

Systems and Information Technology Management

• Oversee financial systems and IT infrastructure
• Ensure data security and cyber security measures are in place
• Implement AI and technology-driven solutions for financial management

People / Staff Management

• Lead and develop the finance team.
• Foster a culture of continuous improvement and professional development.
• Manage performance, recruitment, and succession planning within the finance department.

Requirements

Qualifying Criteria

• An Honors Degree or equivalent in Finance / Accounting or similar. NQF Level 8: Chartered Accountant (CA(SA)) or Certificate in Theory of Accounting (CTA) with articles or BCompt Honours or BAcc Honours with articles or equivalent qualification with articles and at least 5 years of experience as a CFO.
• 8-10 years of senior management experience in finance or accounting roles reporting to CFO or at least 5 years of experience as a CFO.
• Driver’s License.
• Registration with a professional accounting professional body will be an added advantage.
• Computer Literacy: Working knowledge of MS Office Suite; Internet and any other applications required to perform duties.