OverviewReferenceHead of FinanceSalaryZAR/monthJob Location- South Africa -- City of Cape Town -- Cape TownJob TypePermanentPosted24 October 2023Our client is looking for a Head of Finance who will be 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 leading 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 legislature and accounting standards, financial reporting, and relationship management.Attending to special projects.Cashflow management as well as the management and development of the finance team.Leading the annual budgeting process to ensure accurate and timely budgets are compiled.Prepare monthly analysis of income and expenditure against prior year and budget, providing explanations and business solutions to help mitigate risks.Ensure all expenditure is tracked, reported, and accruals are managed efficiently.Implement and maintain accounting and administrative policies and procedures for financial activities including financial accounting and reporting.Understand and adhere to financial regulations and legislation.Ensure financial governance, internal controls, and compliance to the Group's standards and reporting requirements are achieved within the specific timeline.Assist in providing accurate, timely, and reliable financial information to the CEO to support the business in making strategic and operational decisions.Keep the CEO apprised of all financial-related matters that may impact the business on a daily, weekly, monthly, quarterly, and annual basis.Develop standard and new accounting procedures to improve financial operations efficiency.Update and track monthly cash flows to ensure that there is adequate cash available for the current needs of the business.Periodic review of the departmental structure to proactively deal with changes in business needs and requirements.Set goals for individuals in the team on which their performance will be measured.Key Skills:Strong analytical skills to interpret financial data and make informed decisions.Ability to perform financial modeling and forecasting.Developing financial strategies aligned with the organization's goals.Long-term financial planning and budgeting.Effective leadership and team management skills.Ability to mentor and develop finance staff.Identifying and managing financial risks.Implementing internal controls and compliance measures.Addressing financial challenges and optimizing processes.Strong problem-solving and critical-thinking abilities.Qualifications:Registered Chartered Accountant (CA) qualification.A minimum of 8 - 10 years of post-qualification experience, ideally within the retail/property industry.Demonstrable experience in managing and developing a team.Proven track record in the aforementioned performance areas.
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