Head Of Finance at Gcubed Boutique Recruitment

Head Of Finance 

• A leading player in the online marketplace industry, seeks an operational and collaborative Head of Finance to be responsible for the overall finance function within the business. 

Responsibilities:

Financial Reporting

• Assumes overall responsibility of the finance function;
• Manages day-to-day accounting functions including maintenance of general ledger, accounts payable, accounts receivable, payroll and project accounting; ensure accuracy and timeliness;
• Preparation and analysis of all financial records to ensure accurate financial reporting, including all the annual financial statements, quarterly reports, budget preparations, etc.
• Ensure all reporting is in accordance with all relevant accounting frameworks, Companies Act and relevant governance frameworks;
• Compiles weekly, monthly and quarterly Reports to Management (including Departmental Reports) incorporating the Income Statement, Balance Sheet and Cash Flow Statement, Working Capital and Risks;
• Attends meetings and demonstrates a deep understanding of the financial performance in discussions and presentations to Management;
• Prepare for and coordinate annual audit;
• Preparation of Annual Financial Reporting as well as the preparation of Annual Financial Statements in accordance with IFRS; and
• Implements cloud-based financial systems for accounting, reporting and workflow management.

Internal Controls and Procedures

• Updates and implements Accounting Policies for changes in Accounting Standards and Legislation to ensure Compliance;
• Implements and monitors financial policies and control systems;
• Define, develop and maintain policies, procedures, standards and frameworks; and
• Develop the internal accounting controls and processes to ensure accurate management reporting.

Tax and Compliance

• Ensures tax and other regulatory compliance;
• Prepares and files VAT, PAYE, Income Tax and Dividend Tax Returns, when required; and
• Manages BBBEE and other Compliance Procedures.

Forecasting, Analysis and Planning

• Compiles and delivers all budgets, forecasts and monthly reporting; including the explanation of all variances and the development of contingency plans with the relevant internal stakeholders to cover risk areas;
• Monitors spending for adherence to budget, recommends and explains variations as necessary;
• Identifies and implements cost control initiatives; and
• Provides financial assistance to the business, responds to financial questions / concerns to meet business needs.

Treasury and Working Capital Management

• Prepares daily, weekly and monthly cash flow forecasts and monitor and report on variances;
• Ensures the Working Capital Cycle is optimised through a continuous focus on debtors collections and optimising supplier payment terms; and
• Invests surplus cash to maximise yield.

Risk Management

• Identifies, quantifies and mitigates key risks faced by the company.

Corporate Development and Strategy

• Provides insight into strategic decisions such as entering into a new market;
• Works with the Product and Sales Teams to assess the viability of new projects;
• Supports the Leadership Team with M&A Activities, where required; and
• Assists with other Ad Hoc Projects where required.

Managing Team Delivery

• Leads the Finance Team;
• Encourage a healthy work culture and positive work ethic in the department;
• Manage the performance of team members and develop individuals;
• Delegate projects to team members to ensure best possible spread of workload; and
• Provide support, encouragement and administer disciplinary action when necessary.

Requirements:

• Bachelor's Degree in Accounting/Commerce/Business;
• OR CA(SA) with 3-7 years' post-articles experience;
• Demonstrable experience in managing non-CA staff;
• Numerical ability;
• Computer literate;
• Strong analytical and problem-solving skills;
• Excellent writing & communication skills;
• Creative problem-solving skills; and
• Experience in a digital / media environment is beneficial.