Finance Manager - Durban at Safal Steel

Description

To be the final custodian and key strategic source for financial management and financial decision making in the business. This includes the provision of financial advice and support to enable sound business decisions, and understanding of the numbers flowing through and out of the business as well as ensuring that the financial practices are in line with all statutory legislation and regulations.

Requirements

Business and Strategic Planning

• Tie in the company strategy and performance to assist in steering company direction financially
• Formulate the financial business plan for the company
• Assist the Head Building Solutions Southern Africa in setting the direction and ensure effective strategy implementation for achievement of profitability targets with input from the Head Building Solutions Southern Africa.
• Formulate and develop short, medium, and long-term business strategies, plans and budgets, in line with the company’s goals & objectives [including resource, systems, timescales, contracts, partnerships, and suppliers].
• Report in the form of business plans and financials the company’s targets to be obtained which maximise the return to the relevant stakeholders in particular the shareholders of Safintra South Africa

Financial Planning & Management

• Set the budget for the company in conjunction with the Head Building Solutions Southern Africa and general management of the business including the allocation of capital and resources.
• Assist the Head Building Solutions Southern Africa and company management to set the required profitability and return on investment by means of project and operations expenditures and investments.
• Manage the company’s capital including the operations working capital and capital expenditure.
• Monitor cash forecasts and manage interventions to improve cash flow where required.

Management of Risks facing the business

• Constantly managing and reporting on the risks facing the business both financial and where applicable non-financial.
• This would include a process of constant risk monitoring and reporting and advising management on ways to mitigate these risks.
• Set up and maintain adequate comprehensive insurance cover for the business which is one of the ways to mitigate risk. Insurance cover is to be constantly reviewed so that there is a balance between the monetary cost of insurance and the “risk value” mitigated.

Management of the classic financial management disciplines

• These include but are not limited to: Financial Reporting and control, treasury management (investment of short-term cash assets); interest rate (interest paid) monitoring and control, income tax and VAT management, foreign exchange exposure and management, internal audit management if applicable, IT systems monitoring relating specifically to financial control and reporting, annual financial statement audit, reporting and follow up on audit management comments.

Development and maintenance of Financial Reporting

• Custodian and overseer of the required reports internal, external, and statutory which are required to keep the various stakeholders up to date with relevant, reliable, consistent, and accurate information regarding the company.
• These would include monthly, quarterly, and annual reports to management and shareholders and valuable financial analysis to improve the business competitiveness and returns.
• levant reports to lenders which are generally stipulated in their loan agreements and ad-hoc reporting to lenders as and when required.
• Annual financial statements reported in terms of SA GAAP or the applicable IFRS (international Financial Reporting Standards).
• Human Resources Planning & Management
• Effectively manages the human resources of the financial management department according to authorized personnel policies and procedures that fully conform to current laws and regulations.
• Ensure the financial human resources are effectively managed and with an emphasis on empowerment, accountability, continuous improvement, productivity, and goal attainment.
• Build the financial management team including setting personal objectives, reviewing performance, and supporting career development.
• Determine limitations of authority for direct reports covering expenditure, contracts, and personnel actions [subject to Board approval].
• Direct and determine promotions, demotions, dismissals, and other actions needed of direct reports.
• Oversee a performance management process for staff monitoring performance on an on-going basis and conduct performance reviews.
• Hire, develop and train selected managers for succession planning, and oversee the development of staff to meet the standards required to meet business objectives and to minimize risk in key positions.
• Develop, coach and mentor the staff in the department.3.7.Stakeholder & Relationship Building
• Establish good working relationships and collaborative arrangements with banks, auditors, creditors, debtors, SARS, lawyers, and all other parties that may have a financial stake direct or indirect in the business.

Qualifications required:

• Qualifications: Chartered Accountancy
• Professional registration: Association of Chartered Certified Accountants (SAICA)

Experience required:

• General work experience (10years): Sound and proven Financial background
• Specific to the position (level/discipline/years): at least 10 Years as Financial Manager
• Industry: Preferably Building Solutions such as roofing or manufacturing environment

Key competencies and skills:i.

• Strong Managerial and Team Management Skills
• Exhibit Strategic Skills.
• Excellent time management skills
• Efficient skills in formulating Budgets, Management of Assets.
• Strong administration skills.
• Strong reconciliation skills.
• Strong interpersonal skills and Conflict Management.
• Strong analytical and reporting skillsix.
• Solid understanding of accounting principles.
• Solid understanding of VAT legislation
• Solid knowledge of general administrative systems and processes

Understanding of financial Integration Systems

• Experience with ERP systems, preferably SAP
• Attention to detail and meticulous control and supervision.
• Able to work under pressure, deadline-driven

Language requirements: 

• English
• Computer literacy:
• MS Office Knowledge of Accounting Packages
• Relevant ERP SAP Systems