Group Chief Financial Officer (CFO)
- Full time
- @Edge Executive Search posted 2 months ago
- Posted : 12 January 2024 -Accepting applications
Career Level Director / Executive
Experience 10 Years +
What we do Other professional services
Qualifications Bachelors DegreeProfessional Qualification
Our client is a leading investment company operating in the Eastern Cape, Port Elizabeth. With a strong track record of success and a commitment to excellence, our client has established itself as a key player in the finance sector.
They specialize in providing strategic financial solutions and investment opportunities to a diverse range of clients. Joining this esteemed organization offers a unique chance to work alongside industry experts and contribute to the growth and success of the company.
Our client, a dynamic and forward-thinking investment company, is seeking a highly skilled and experienced Group Chief Financial Officer (CFO) to join their team. As the Group CFO, you will play a pivotal role in overseeing all financial reporting and risk-related aspects of the organization.
This is a strategic leadership position that requires a candidate with a strong financial background, extensive experience in multi-sector industrial organizations, and a proven ability to operate at senior executive levels. The successful candidate will be rewarded with a competitive salary and market-related benefits.
Duties and Responsibilities:
- Initiate and drive the development of the Business Strategy and support the Group CEO in its execution across the organization.
- Serve as a member of the Group Executive Committee, providing financial expertise and insights.
- Determine an appropriate Finance structure, allocate tasks, and monitor the development of Financial competence to deliver financial strategic objectives.
- Develop the annual and 3-year Group Finance Strategy aligned with the Business Strategy.
- Guide and approve annual Finance operational plans, ensuring alignment with the Group Finance Strategy and Business Strategy.
- Lead the development and monitor the implementation of the Group budget, providing guidelines for financial planning and control.
- Review divisional budgets periodically and report major financial concerns to the Board and Executive Committee. Implement necessary financial remedial plans and measures.
- Oversee cash flow, working capital management, and debt covenant to ensure compliance with financial obligations.
- Provide expert advice on effective cost management measures for the business.
- Supervise the administration of payroll, ensuring accuracy and adherence to delegation of authority.
- Oversee income tax, PAYE, VAT, and the filing of relevant returns.
- Monitor tax planning and structuring to manage tax exposures effectively.
- Manage the administration of creditors and debtors.
- Oversee the preparation for internal audits and ensure compliance with financial reporting standards and regulatory frameworks.
- Develop and maintain strong relationships with stakeholders, both internal and external.
- Demonstrate strong leadership by analyzing complex financial data and formulating meaningful insights to support decision-making processes.
Qualifications and Experience:
- Qualified Chartered Accountant (CA) with SAICA membership.
- Minimum of 12 years of post-articles experience in financial management, preferably within leading-edge multi-sector industrial organizations.
- 8+ years of relevant work experience in a similar position within a similar-sized group or organization, preferably in the South African or regional environment.
- 5+ years of experience in the industrial sector and investment field.
- Post-graduate Honors Degree in Finance Accounting.
- Post-graduate qualification in Commerce or Business Management.
- Ideal: Leadership qualification, MBA, or Executive Development Programme.
- Knowledge and experience in an investment environment.
- Knowledge and understanding of the fishing, gaming, or energy industries would be advantageous.
- Experience in mergers and acquisitions is desirable.
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