Head of Finance and Business Control - M5 - Kempton Park at Sandvik

JOB PURPOSE:

To lead the development for the continuous evaluation of short and long-term strategic financial & sourcing objectives for the Sales Area. To safeguard the credibility of finance group through the production of accurate and concise financial data. To support executive management with advice on the financial implications of business activities, including recommendations to strategically enhance financial performance and business opportunities. Oversee compliance with International accounting standards, local regulations & legislation, King Code on Corporate Governance, Sandvik Global and Local processes and regulations in the Sourcing and finance area.

MAIN RESPONSIBILITIES:

• Oversees all financial activities, including accounting, financial analysis (business control), audit, tax, credit, reporting and collections.
• Develop, lead, and implement approved finance and business control strategy.
• Lead the implementation, maintenance, and assessment of internal controls.
• Oversee the maintenance and governance of key financial policies and processes, inclusive of limits of authority and general accepted Sandvik processes.
• Direct and manage the overall financial compliance of all entities in relation to, but not limited to, Companies Act, Income Tax Act, IFRS, Income Act, VAT Act, King Code, Treasury Covenant, and advises management of the same.
•  Manage the preparation of annual financial statements for all respective entities in accordance with the applicable financial framework and audit requirements.
• Manage statutory governance and compliance in accordance with Company’s Act, Income Tax Act and all other pertinent legislation in relation to the SLAs for other legal entities within the Sandvik Group.
• Manage requisite transfer pricing governance in accordance with income tax and Reserve Bank requirements.
• Actively participate in BBBEE initiatives towards business strategy
• Provide direction on the planning, execution and integration of M&A projects relating to finance and statutory structures.
• Lead and facilitate enterprise risk management and compliance protocols.
• Govern all treasury activities inclusive of controls, risk management, compliance, and operational support to business:
• Support and manage current ERP systems, upgrades, and changes in ERP structures inclusive of new system implementations, as well as expanded changes on current systems according to the Business Area.
• Oversee all customer credit control processes (credit approvals, exceptions negotiations, payment plans), and credit risk management.
• Provide advice to line management on profitability and viability of customer contracts based on performance.
• Oversee preparation of all financial reports for local board meetings, as well as presenting financial performance and control matters quarterly to all applicable board committees.
• Manage and coordinate external shareholders relationships.
• Execute effective Management and compliance in line with local legislation and Sandvik Global requirements of   multiple entities within the Southern Africa Sales Area
• Oversee reporting, planning and analysis for P&L, Balance Sheet, FTE’s for approximately 8-10 active divisions within the sales area.
• Review monthly and quarterly management accounts for presentation, compilation, analysis and strategic outcomes on financial performance.
• Oversee the cost drivers of the business, analyze, and provide direction on costs to be flexed to support strategy on cost control in relation to peaks and troughs of revenue generation.
• Oversee the financial performance against forecast/Budgets highlighting deviations, risks and mitigating actions.
• Provide expertise and advice to management on the development of financial plans, risk identification and relevant actions/implementation on financial planning.
• Oversee sourcing strategy governance and compliance.
• Oversee supplier relationships and performance against Service level agreements. 
• Ensure sourcing process, controls and systems are current, maximizing compliance, risk mitigation and efficiencies.  
• Oversee, manage, and provide expertise on business operations within hyperinflationary environments.
• Analyze and track Sales Area STI, highlight current performance against target to the various internal stakeholders, and make recommendations on initiatives to address risk in target achievement.
• Oversee and present on financial performance of the sales area on a monthly and quarterly basis to host Division, management team and the Business Area.
• Manage relationships with consultants and advisors to ensure the satisfactory standards of service and financial compliance.
• Oversee the timely close and reporting of results on all financials platforms.
• Oversee the operational management and reporting of fixed assets, inclusive but not limited to capex approvals, operating leases, and requisite financial reporting in accordance with the applicable standards.
• Manage and coordinate external shareholders relationships.
• Oversee preparation of all financial reports for local board meetings, as well as presenting financial performance and control matters quarterly to all applicable board committees.
• Present and participate as a board member in 7-9 boards of the respective legal entities.
• Report quarterly to the local audit committee
• Be the point of contact to the host division and business area on financial matters regarding the Sales Area
• Signatory on commercial, vendor and treasury areas
• Leads and manages the Finance function and team in accordance with the Sandvik framework, values, and leadership behaviors.
• Manage the approval for the recruitment of subordinates in consultation with the relevant stakeholders.
• Manage performance of subordinates through the development of performance agreements and conducting performance reviews.
• Create learning opportunities for subordinates through the identification of areas for development, coaching and recommending formal functional training when required.
• Implement talent management and succession planning frameworks.
• Manage sound employee relations in accordance with HR policy and procedures.

YOUR PROFILE:

• Qualified Chartered Accountant
• Greater than 10 years post articles experience
• 7 to10 years in Management/Leadership role 
• 7-10 years sourcing Management /oversight
• Board experience
• Member of South African Institute of Chartered Accountants (SAICA)
• Multicurrency and Hyperinflationary experience
• Mergers and Acquisitions exposure
• Systems, projects, and integrations expertise

BEHAVIOURAL COMPETENCIES:

• Communication skills (written and verbal)                                  
• Emotional Intelligence                                                      
• Leadership skills
• People Management skills                                                          
• Demonstrates self-awareness.     
• Problem solving
• Negotiation skills
• Managing diversity
• Interpersonal skills
• Stakeholder management
• Change management.
• Time management
• Delegation
• Planning and organizing
• Communication and stakeholder management
• Delivery focused. 
• Business ethics and ethical behavior
• Project management 
• Strategy 

OTHER:

• Physical and medical ability to function in a mining environment
• English proficiency
• National, regional and international travel required
• Willingness to relocate based on operational requirements