Group Chief Financial Officer

East London, Eastern Cape, South Africa

Job Description


The Group Chief Financial Officer (CFO) is responsible for managing the financial actions of the entire organization, including its subsidiaries and business units across multiple countries. This includes overseeing financial planning, financial reporting, risk management, and ensuring the companys financial health. The position has 4 direct reports at Senior Management level.Minimum Requirements / Experience:

  • Bachelors degree: Finance / Accounting
  • Qualified CA(SA) / AGA (SA) highly advantageous
  • 5 - 10 years experience in finance, showing growth and progression within roles
  • 5+ years experience in a senior leadership role e.g. CFO or equivalent
Responsibilities:
  • Strategic Financial Planning and Analysis
  • Develop and implement the financial strategy of the group.
  • Lead financial forecasting, budgeting, and long-term planning processes.
  • Provide strategic recommendations to the CEO and executive team based on financial analysis and projections.
Financial Reporting and Compliance
  • Ensure accurate and timely financial reporting to the executive team, board of directors, and regulatory bodies.
  • Oversee the preparation of consolidated financial statements.
  • Ensure compliance with local, national, and global financial regulations and standards.
Risk Management
  • Identify and manage financial risks, including currency, interest rate, and operational risks.
  • Implement and monitor internal controls to safeguard the companys assets and ensure the integrity of financial reporting.
  • Develop strategies to mitigate financial risks.
Capital Management
  • Manage the companys capital structure and optimize funding strategies.
  • Oversee investment activities, including mergers, acquisitions, and divestitures.
  • Maintain relationships with investors, banks, and other financial institutions.
Operational Efficiency
  • Monitor and manage cash flow, accounts receivable, and accounts payable.
  • Implement financial systems and processes to improve efficiency and effectiveness.
  • Oversee treasury functions and working capital management.
Leadership and Team Management
  • Lead and mentor the finance team, promoting a culture of high performance and continuous improvement.
  • Coordinate with subsidiary CFOs and finance managers to ensure alignment with the groups financial strategy.
  • Foster a collaborative working environment within the finance department and across other departments.
  • Supervisor involvement to include: hiring of all positions and performance review as well as mentoring through individual development; lead and provide context and expectations for team; direct engagement and managing deliverables and agreed KPIs
Stakeholder Engagement
  • Act as a primary point of contact for external auditors, investors, and regulatory bodies.
  • Present financial reports and strategic plans to the board of directors and stakeholders.
  • Communicate financial performance and strategies to internal and external stakeholders.
Corporate Governance
  • Support the board in setting corporate governance policies.
  • Ensure the company adheres to the highest standards of financial governance and ethical practices.
Communication
  • Executive Team: Strategic planning and financial reporting
  • Finance Department: Guidance and Leadership, Performance monitoring and problem solving within the department
  • Department heads: Budget Management, Financial training by ensuring department heads understand financial implications of their decisions
  • Investors and shareholders: Reporting and maintaining investor relations.
  • Banks and Financial institutions: Obtaining funding and credit
Judgement and decision making:Financial Strategy and Planning
  • Formulating and overseeing the companys financial strategy, including budgeting, forecasting, and financial planning.
  • Supports long-term strategic goals by aligning financial resources with business objectives, driving sustainable growth and profitability
Capital Structure and Investment
  • Determining the optimal capital structure and making investment decisions, such as raising capital through debt or equity, and evaluating major capital expenditures.
Financial Reporting and Compliance
  • Ensuring accurate financial reporting, adherence to regulatory requirements, and maintaining transparent communication with stakeholders, which impacts investor confidence, legal compliance and operational integrity

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Job Detail

  • Job Id
    JD1318125
  • Industry
    Not mentioned
  • Total Positions
    1
  • Job Type:
    Full Time
  • Salary:
    Not mentioned
  • Employment Status
    Permanent
  • Job Location
    East London, Eastern Cape, South Africa
  • Education
    Not mentioned