Job Description

Chief Financial Officer (JB1455)
Johannesburg, Gauteng
R2 – 2.25M per annum CTC
Duration: Permanent
 
Kontak Recruitment is sourcing a suitably qualified CFO with previous / current experience gained within an Engineering focused organization.  The successful candidate will be responsible for directing the accounting functions of the company, formulating and maintaining the company’s accounting and financial practices, and liaising with all departments in the preparation of budgets and financial reports.
 
This role reports directly to the CEO.
 
 
Minimum Requirements:
Suitably qualified
Previous experience in the Engineering sector
Excellent employee management ability
Adept at decision-making and adaptability
History of leading organizations to long-term success
 
Duties and Responsibilities:
Liaise with the majority shareholders and board of directors
Preparation of quarterly board packs
Participate as member of the executive team, participating in key decision making, keeping abreast of critical departmental issues and facilitate the company’s strategic session
Financial accounting and management accounting controls:
Oversee Financial Accounting Department to ensure proper maintenance of all accounting systems and functions
Review and approve all PO’s on the CFO’s work level
Maintain the SAGE 300 system approval limits, workflows and users on an annual basis
Review and approve all payments and processed cashbook transactions
Ensure maintenance of appropriate controls and financial procedures
Make sure all month-end activities are in place including general ledger and control account reconciliations
Perform final review before signing off of external audit
Review preparation of Annual Financial Statements in accordance with company, group and IFRS guidelines
Oversee/review the monthly management reporting ensuring timeliness, accuracy and usefulness
Monitor financial performance by analyzing results and implementing and facilitating corrective action to minimize impact of variance against budget
Ensure that monthly, quarterly, annual covenants are monitored, prepared and submitted on time
Approve and review all new debtors’ applications
Job Costing
Maintain the company job costing system and time management system
Oversee the preparation of monthly costing reports
Review projects with Project Managers and Manager Director
Treasury
Manage cash balance and cash flow forecasts
Oversee the cashflow plans and ensure the availability of funds as needed, managing the working capital requirements of business
Arrange debt financing with external institutions and repayment of these loans
Liaison officer with banking institutions
Risk Management and Insurance
Maintain the risk register
Oversee the annual renewal process of insurance and ensure proper cover is maintained at all times
Mange the insurance to ensure all assets and projects are sufficiently covered and ensure that assets are projects are timeously removed if no longer applicable
Oversee process of insurance claims
Review insurance bond requests as required by the projects
Tax
Review te monthly VAT submissions
Review the annual income tax calculation and submissions
Ensure company complies with tax laws and pays monthly taxes on time
Asset Management | Fixed Assets
Develop and maintain the capital budget and the asset store
Ensure process for capital expenditure is followed
Negotiate the annual renewal process of asset finance facility
Company secretarial activities
Maintain and prepare company’s Exco, Dir, SH, records
Prepare minutes for monthly Exco meeting
Ensure company details are kept up to date with CIPC
Legal Officer
Handle all legal issues involving the company, together with Group Legal department
Review of all company contracts/tenders and involve external legal advice as and when required
Manage company and contract risk on a timely basis
IT Operational Management
Oversee IT department ensuring continuous service delivery
Review and approve all IT service contracts and equipment
Prioritize and control projects in relation to business requirements
Procurement
Oversee the Procurement Department to ensure that buying is conducted according to the company guidelines and procedures
Approve and review all new creditor applications
Payroll | HR
Review weekly wage payroll reports on a random basis
Review in detail monthly salary report and approve for payment
Chari disciplinary and grievance meetings as required
Deal with high level HR issues as they arise
Approve monthly salaries and wages on the bank
BBBEE
Develop and maintain procurement process to achieve BBBEE standards of reporting
Oversee SED/ED spend required to maintain BBBEE level
Oversee annual audit review
People Management
Immediate subordinates include: Financial Manager(s), Management Accountant, Cost Accountant, Account Payable Officer(s), HR Officer(s) and Financial and Administrative staff
Mange, motivate and monitor all subordinates
Facilitate skill acquisitions and development
Project Assessments and feasibility studies
Provide financial analysis to assist with feasibility studies on future projects
Review and monitor subsidiary financial activities 

Skills Required