The CFO is responsible for providing the Board and the CEO with accurate, timely, and relevant Finance data and reports.
In addition to this, the CFO is responsible for managing the audit function and for the overall financial leadership of the company.
This includes developing financial strategies, managing financial risks, and ensuring the long-term financial sustainability of the company.Key AccountabilitiesStrategic PlanningDevelop and implement financial strategies aligned with company goals.Research revenue maximizing opportunitiesParticipate in corporate strategic planning and decision-making processesFinancial Leadership and PlanningOversee all financial operations, including accounting, budgeting, and assets.Ensure operational efficiency and optimal cost reductionLead the finance team to ensure high performance and alignment with strategic objectivesDevelop and maintain financial forecasts and budgets, providing regular updates and variance analysis reports to guide business planning and resource allocations.Capital ManagementManage the company's capital structure, including decisions related to equity financing, debt financing and dividendsOptimize working capital by monitoring cashflow, accounts receivable and accounts payableRisk ManagementIdentify and manage financial risks.Develop risk mitigation strategies and ensure adequate controls are in place.Stakeholder ManagementCommunicate financial performance and strategy to the board and other stakeholders.Build and maintain relationships with banks, auditors, and regulatory bodies Corporate GovernanceEnsure compliance with accounting standards, legal and regulatory requirements.Oversee corporate governance and ensure transparency and accountabilityPerformance ManagementMonitor and evaluate financial performance.Implement performance improvement initiatives as neededTax Strategy and PlanningDevelop Tax strategy to minimize the company's tax liability while complying with tax lawsOversee the preparation and filing of tax return and other tax related documents to ensure statutory complianceReportingOversee the preparation and presentation of accurate and timely financial statements, including income statements, balance sheets, and cash flow statements.Develop and distribute comprehensive management reports that provide insights into the financial performance, variances, and trends.
These reports should support strategic decision-making processes.Prepare detailed financial reports for board meetings, including performance summaries, key financial metrics, risk assessments, and strategic recommendations.Coordinate with external auditors to ensure timely and accurate audit reports.
Oversee the preparation of financial information required for audits and address any audit findingsProduce ad-hoc financial reports and analyses as requested by the CEO to support special projects or strategic initiativesOther DutiesAny special projects and ad-hoc assignments Skills & QualificationsEducational qualifications:CA(SA) or CIMA qualifiedRelevant experience:Extensive experience in senior financial leadership roles, preferably as a CFO.Proven track record in strategic planning, financial management, and risk management.Skills:Exceptional strategic and analytical thinking.Strong leadership and communication skills.In-depth knowledge of corporate finance, accounting principles, and regulatory requirements
