Overview Reference
Head Of Finance
Salary
ZAR/month
Job Location
- South Africa -- City of Cape Town -- Cape Town
Job Type
Permanent
Posted
16 February 2024
Our client is looking for a Head Of Finance to join their team. Reporting to the Financial Director and Chief Executive Officer, the Head of Finance will be responsible for providing strategic direction and financial management guidance to the organisation in order to achieve the operational and strategic objectives of the business and to ensure sustainable financial performance. The Head of Finance will be responsible for managing and assuming the leadership and heading up the following functions: Financial Management, Finance Administration, Clerical, Debtors, Creditors, Accounting, Internal Controls, Risk and Tax Management.
Responsibilities: Day-to-day monitoring of financial operations within the company.Ensuring the accurate and timely flow of financial data to the company stakeholders and external regulators.Preparing annual reports.Meeting regulatory and statutory bodies.Preparation for annual audits.Developing and maintaining efficient accounting policies and procedures per the relative legislation and accounting standards.Financial reporting.Relationship management.Staying abreast of technology.Attending to special projects.Cashflow management and the management and development of the finance team.Budgeting.Leading the annual budgeting process to ensure accurate and timely budgets are compiled.Preparing monthly analysis of income and expenditure against prior year and budget, providing explanations and business solutions to help mitigate the risks.Ensuring all expenditure is tracked, reported, and accruals are managed efficiently.Implementing and maintaining accounting and administrative policies and procedures for financial activities including financial accounting and reporting.Understanding and adhering to financial regulations and legislation.Ensuring financial governance, internal controls, and compliance with the Group's standards and reporting requirements are achieved in the specific timeline.Assisting in providing accurate, timely, and reliable financial information to the CEO to support the business in making strategic and operational decisions.Keeping the CEO apprised of all financial-related matters that may impact the business on a daily, weekly, monthly, quarterly, and annual basis.Developing standard and new accounting procedures to improve financial operations efficiency.Presenting financial reports to board members, stakeholders, executives, and clients in respective meetings.Holding team accountable to ensure all statutory payments (e.g., income tax, VAT) are made accurately and before deadlines to ensure our client's companies attract no penalties.Reviewing financial data and preparing monthly and annual reports.Establishing and maintaining financial policies and procedures for the company.Ensuring sufficient systems and controls are in place to mitigate fraud and error and to detect any misstatements.Ensuring the necessary information is available for the external auditors for the annual audit.Preparation and finalisation of the Annual Report to shareholders in line with best practices from industry peers.Updating and tracking monthly cash flows to ensure that there is adequate cash available for the current needs of the business.Regular updates of the medium to long-term cash flows (10-year cash flow projections) to ensure that the company's long-term growth objectives can be achieved.Implementing and monitoring hedging strategy to ensure interest rate risk is managed.Assisting property management team by tracking large project expenditure, developments, and refurbishments.Providing regular feedback to the operations team regarding the cost versus budgets of the project expenses.Implementing and maintaining policies and procedures for the payment and recovery of municipal accounts as well as the monthly billing.Constantly improving these processes in response to changes in the business environment.Providing guidance and leadership on all municipal valuation queries that may arise.Proactively dealing with any problems that may arise from the above.Forming a good working relationship with heads of departments, Senior Executives, and Non-Executives.Relating to external parties in a manner that builds our client's brand and reputation as an organisation of integrity and efficiency.Staying up to date with technological advances and accounting software to be used for financial purposes.Assisting the CEO by providing the necessary expertise and information when required for special projects.Providing strategic input and expertise to the CEO for due diligence and analysis of all acquisitions or internal developments.Periodic review of the departmental structure to proactively deal with changes in business needs and requirements.Employing and reorganising where necessary.Setting goals for individuals in the team on which their performance will be measured.Development of staff and exploring opportunities in which staff get exposure to different aspects within the accounting cycle.Ensuring that there are contingency plans for all roles within the department.Preparing annual KPIs for the team.Organising and managing staff training within the relevant departments. Key Skills: Demonstrable experience in managing and developing a team.Proven track record in the aforementioned performance areas. Qualifications: Registered Chartered Accountant (CA) qualification.A minimum of 8 - 10 years of post-qualification experience, ideally within the retail/property industry.
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