Their is one good opportunity for CFO with our Cement Manufacturing client based in Midrand South Africa ....
Position : CFO
Location : Midrand South Africa
Reporting to : CEO
A Chief Financial Officer (CFO) in a manufacturing business (3 businesses/ verticals) has a multifaceted role that combines traditional financial responsibilities with industry-specific challenges. This role will report directly to the CEO and is based in Midrand, Johannesburg. Here’s a detailed breakdown of their key duties:
- Financial Planning and Analysis:
- Develop and implement financial strategies and budgets to support the company’s goals.
- Analyse financial performance and provide insights on profitability, cost management, and financial trends.
- Forecast future financial performance and assess risks and opportunities.
- Cost Management:
- Monitor and control production costs, including raw materials, energy, and labour.
- Implement cost-saving initiatives and efficiency improvements in manufacturing processes.
- Analyse cost structures and identify areas for potential cost reductions.
- Capital Management:
- Oversee capital expenditure decisions, including investment in new equipment or facilities.
- Manage capital budgeting processes and evaluate the financial viability of capital projects.
- Optimize the company’s capital structure and financing strategies.
- Financial Reporting:
- Ensure accurate and timely preparation of financial statements and reports in compliance with regulatory standards.
- Present financial reports to the board of directors, investors, and other stakeholders.
- Oversee internal and external audits and ensure adherence to accounting standards and regulatory requirements.
- Risk Management:
- Identify and manage financial risks, including commodity price fluctuations, currency risks, and interest rate changes.
- Develop and implement risk management policies and procedures.
- Ensure adequate insurance coverage and risk mitigation strategies.
- Strategic Planning:
- Collaborate with senior management to develop and execute long-term strategic plans.
- Evaluate potential mergers, acquisitions, or joint ventures and their financial implications.
- Provide financial insights to support strategic decision-making.
- Treasury Management:
- Oversee cash flow management, including optimising working capital and managing liquidity.
- Handle relationships with banks and financial institutions.
- Manage investments, financing arrangements, and debt obligations.
- Regulatory Compliance:
- Ensure compliance with financial regulations and industry-specific standards.
- Stay updated on changes in financial regulations and accounting standards relevant to the industry.
- Implement and monitor internal controls to prevent fraud and ensure financial integrity.
- Stakeholder Communication:
- Communicate financial performance and strategy to investors, analysts, and other stakeholders.
- Manage investor relations and handle inquiries related to financial performance and forecasts.
- Team Leadership:
- Lead and develop the finance team.
- Foster a culture of financial discipline and continuous improvement within the finance department.
- Sustainability and ESG (Environmental, Social, Governance) Initiatives:
- Monitor and report on sustainability initiatives and their financial impact.
- Ensure compliance with environmental regulations and industry standards related to sustainability.
- Manage and take advantage of the tax incentives available to be utilised in the business.
In a manufacturing context, the CFO also needs to be commercially astute to also fill in as a deputy to the CEO in his absence. The right candidate will balance operational efficiency with financial stewardship to drive the company's success.
REQUIREMENTS:
Education and experience : CA, ICWA and CS
Management experience and relevant practice from an industrial company, preferably continuous process industry
Minimum 10 years financial and budgeting experience
IT proficiency
SAP knowledge would be an advantage.
