Chief Financial Officer - City Of Johannesburg Metro Verfied

R 2M – 2.25M per annum City Of Johannesburg Metro, Gauteng City Of Johannesburg Metro, Gauteng more than 14 days ago 26-01-2022 8:51:07 AM
23-03-2022 8:51:07 AM
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:
o Oversee Financial Accounting Department to ensure proper maintenance of all accounting systems and functions
o Review and approve all PO’s on the CFO’s work level
o Maintain the SAGE 300 system approval limits, workflows and users on an annual basis
o Review and approve all payments and processed cashbook transactions
o Ensure maintenance of appropriate controls and financial procedures
o Make sure all month-end activities are in place including general ledger and control account reconciliations
o Perform final review before signing off of external audit
o Review preparation of Annual Financial Statements in accordance with company, group and IFRS guidelines
o Oversee/review the monthly management reporting ensuring timeliness, accuracy and usefulness
o Monitor financial performance by analyzing results and implementing and facilitating corrective action to minimize impact of variance against budget
o Ensure that monthly, quarterly, annual covenants are monitored, prepared and submitted on time
o Approve and review all new debtors’ applications
• Job Costing
o Maintain the company job costing system and time management system
o Oversee the preparation of monthly costing reports
o Review projects with Project Managers and Manager Director
• Treasury
o Manage cash balance and cash flow forecasts
o Oversee the cashflow plans and ensure the availability of funds as needed, managing the working capital requirements of business
o Arrange debt financing with external institutions and repayment of these loans
o Liaison officer with banking institutions
• Risk Management and Insurance
o Maintain the risk register
o Oversee the annual renewal process of insurance and ensure proper cover is maintained at all times
o 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
o Oversee process of insurance claims
o Review insurance bond requests as required by the projects
• Tax
o Review te monthly VAT submissions
o Review the annual income tax calculation and submissions
o Ensure company complies with tax laws and pays monthly taxes on time
• Asset Management | Fixed Assets
o Develop and maintain the capital budget and the asset store
o Ensure process for capital expenditure is followed
o Negotiate the annual renewal process of asset finance facility
• Company secretarial activities
o Maintain and prepare company’s Exco, Dir, SH, records
o Prepare minutes for monthly Exco meeting
o Ensure company details are kept up to date with CIPC
• Legal Officer
o Handle all legal issues involving the company, together with Group Legal department
o Review of all company contracts/tenders and involve external legal advice as and when required
o Manage company and contract risk on a timely basis
• IT Operational Management
o Oversee IT department ensuring continuous service delivery
o Review and approve all IT service contracts and equipment
o Prioritize and control projects in relation to business requirements
• Procurement
o Oversee the Procurement Department to ensure that buying is conducted according to the company guidelines and procedures
o Approve and review all new creditor applications
• Payroll | HR
o Review weekly wage payroll reports on a random basis
o Review in detail monthly salary report and approve for payment
o Chari disciplinary and grievance meetings as required
o Deal with high level HR issues as they arise
o Approve monthly salaries and wages on the bank
o Develop and maintain procurement process to achieve BBBEE standards of reporting
o Oversee SED/ED spend required to maintain BBBEE level
o Oversee annual audit review
• People Management
o Immediate subordinates include: Financial Manager(s), Management Accountant, Cost Accountant, Account Payable Officer(s), HR Officer(s) and Financial and Administrative staff
o Mange, motivate and monitor all subordinates
o Facilitate skill acquisitions and development
• Project Assessments and feasibility studies
o Provide financial analysis to assist with feasibility studies on future projects
• Review and monitor subsidiary financial activities