South Africaâ??s largest distributor of premium machines, tools â?? including blades and cutters; edging and glue, seeks a CFO to fulfil a hands-on financial management function overseeing a finance team and reporting upwardly into the COO.

Manage full financial function (creditors, cash, financial accounting and payroll):

• Prepare and submit ENX reporting
• Review and address internal and external audit queries
• Review and prepare monthly management accounts
• Review monthly journals and balance sheet reconciliations
• Review month local and foreign supplier payments
• Book and release FEC’s for foreign payments
• Prepare and submit weekly cash flow forecast
• Attend weekly equipment cash flow meetings
• Ensure adherence to internal controls
• Prepare and present quarterly results at audit committee meetings
• Prepare and present annual budget
• Review payroll file and release wages and salary payments
• Review and approve monthly commissions
• Approve receipting of equipment deals
• Organise funding for deals when required
• Approve admin related supplier invoices
• Prepare leave and bonus provision for balance sheet recons
• Prepare equipment commission accrual for balance sheet recons
• Review income statement per branch month to ensure correct allocations
• Analyse monthly margins

Credit Department:       

• Perform bi-weekly 90 days and older debtor review with all branches
• Ensure adherence to credit policy
• Approve changes to credit terms and limits
• Approve credit notes
• Prepare payment schedule and calculate interest portion for finance deals

Manage IT function:

• Review outstanding calls at month-end
• Analyse calls and identify recurring user and system issues
• Implement new software where required
• Ensure internal and external IT audit issues are resolved
• Attend IT steercom meetings
• Ensure IT steercom open items are addressed

Distribution and stores:

• Ensure controls are adhered too
• Organise bi-annually stock counts
• Approve all stock adjustments
• Ensure all stock count documentation are properly filed and approved

People skills:

• Develop a culture where duties are performed with care and accuracy
• The employee may be required to perform any duties and responsibilities in accordance with the Employer’s operational needs and requirements from time to time as may be reasonably required of him/her having regard to the nature of his/her position even though such duties and responsibilities may not be reflected above.
• Implement performance contracts with KPI’s for all finance staff and review on a quarterly basis

QUALIFICATION, SKILLS, KNOWLEDGE, EXPERIENCE, ATTRIBUTES

• Attention to detail
• Pro-active
• Persistent
• Problem solving
• Deadline driven
• Chartered accountant (essential)
• 5 years in a financial management role

Ref: JHB000029/GS