Financial Director

Financial Director
Company:

Merchant West



Job Function:

Finance

Details of the offer

Merchant West is one of the largest privately owned providers of asset finance, fleet finance and working capital funding to corporates, SME's and individuals in South Africa.
We help you enjoy your lifestyle by structuring a financial solution that allows you to get immediate use of recreational assets like:
Light Aircraft and Helicopters Yachts and Boats Golf Carts and Equipment for Golf Estates We finance commercial renewable energy solutions, giving your business energy-security when you need it most.
ResponsibilitiesStrategic Contributions Strategic Development: Collaborate on implementing Business and Finance strategies, including developing new banking processes and exploring partnerships with various banks.Participation in Group finance projectsIntegrated Reporting and Systems Financial Transaction Management: Serve as the custodian of all Asset Finance financial transactions, ensuring control over financial processes, risks, and expenditures against budgets and forecasts within the general ledger.Financial Control: Implement and maintain effective financial controls in the finance operations general ledger environment for Merchant West.Record Integrity: Ensure the accuracy and completeness of financial recordkeeping for the Asset Finance Division.Expense Monitoring: Track all business expenses against the budget and develop plans, policies, and processes in alignment with South African statutory and compliance requirements (e.g., tax, VAT, duties, withholding tax, audits).Banking Relationships: Manage ongoing relationships with banks.Regulatory Compliance: Ensure Asset Finance complies with relevant financial, taxation, and regulatory laws.Reporting: Provide effective reporting on key financial metrics such as ratios, net income margins, return on equity, revenue per employee, and cost to income.Committee Participation: Participate in the Social and Ethics and Risk committee.MIS Development: Assist with IT development for Management Information Systems (MIS) to ensure effective reporting for creditors, debtors, and employee statistics.Automation of financial processes, procedures and recordsFinance Team Management Management Reporting: Ensure the delivery of accurate and timely management reporting, providing appropriate business financial information.External Auditor Liaison: Act as the primary contact for external auditors, resolving any issues or concerns.Consolidated Reporting: Prepare consolidated segment information for interim and annual financial reporting.Audit and Statutory Reporting: Manage year-end audits and statutory reporting, ensuring accuracy and resolution of all queries.Statutory and Tax Reporting Statutory and Tax Pack Verification: Verify the accuracy of statutory and tax packs for Asset Finance, ensuring resolution of outstanding queries.Performance Overview: Oversee month and year-end performance reviews.Financial Statements Preparation: Manage the preparation of Annual Financial Statements in accordance with IFRS and the Companies Act.Auditor Representation: Act as the primary contact for external auditors representing Asset Finance.Ensure VAT compliance and liaison with SARS to resolve any outstanding issues and refunds.Securitisation programme compliance to all financial and JSE reporting requirements.Qualifications CA (SA) Non-NegCrime and Credit clearExperience 10+ years' experience (post articles)Financial or Related Industry experience is essential
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Job Function:

Requirements

Financial Director
Company:

Merchant West



Job Function:

Finance

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