Head of Finance and Administration needed at Southern Oil Ltd

Key Performance Areas

• Formulation, implementation and monitoring of internal controls and accounting processes to safeguard company assets.
• Creating workable information and reporting structure for management and employees and provide relevant information to enable them to make informed management decisions.
• Providing sufficient and effective support to all areas of the Company through system design and formulation.
• Ensuring that all Company policies and procedures are up to date, effective and appropriate for complete business support.
• Financial planning and on-going advice for the Managing Director and Senior Management.
• Formulating financial targets and annual budgets in accordance with the strategy determined by the Managing Director and Board of Directors. 
• Overall control of all financial transactions and accountancy matters, including audit systems. 
• Oversee preparation of Annual Financial Statements and facilitation of External Audit.
• Oversee BBBEE audit and implement improvements to Company BBBEE rating based on a minimum target set.
• Monitoring of compliance against Company policies regarding capital requirements, hedging, debt, taxation, equity and acquisitions, etc.
• Responsible for ensuring that the regulatory requirements of all statutory bodies are met regarding all the Company’s financial affairs.
• Responsible for overall cash management, both operational and hedging related, on an ongoing basis. 
• Review of monthly management and quarterly directors’ financial reporting packs.
• Responsible for stock control and the implementation of procedures and control systems.
• Financial and administrative visionary – i.e. identifying, researching and implementing measures to increase company profitability. 
• Play an active role in the accurate calculation and management of operational and other costs and any losses incurred.
• Financial evaluation of any potential acquisition and / or internal expansion opportunities and facilitate effective integrations into the SOILL Group of Companies. 
• Final approval of customer credit applications.
• Facilitate strategic discussions, with all stakeholders, around hedging strategies.
• Regular review of hedging strategy in line with mandated levels.
• Engage with customers and suppliers to ensure efficient and accurate transactional flow achieved and credit limits adhered to.
• Negotiations with key finance business partners such as banks and insurance service providers.
• Facilitate and provide input in Company risk review presented to Audit Committee.
• Shareholder interactions including facilitation of share purchase / sale transactions.
• In relation to group Pension Fund, provide support to staff and participate Fund related activities.

Health and Safety 

• Participate in safety forums and attend relevant training/programmes.
• Report all safety incidents to the relevant people.
• Comply with safety policies and procedures.
• Wear protective clothing (where applicable) at all times.

Employee management and development 

• Ensure overall compliance to relevant procedures and policies.
• Ensure that all team members have clearly defined job profiles.
• Regular goal reviews are completed to assess achievement of results.
• Support, coaching and mentoring is continuously provided to ensure that objectives are met.
• Appropriate allocation of resources to meet operational demands.
• Ensure adequate succession planning in order to meet ongoing and anticipated business requirements.

Requirements

Qualification and Experience

• Chartered Accountant (CA (SA)).
• Postgraduate Qualification advantageous.
• Registration with relevant professional body recommended.
• Advanced knowledge of IFRS and GAAP.
• 7+ Years’ of experience in financial management (post articles) including at least 4 years in a senior leadership role.
• Experience within a manufacturing environment is essential.
• Experience with hedge accounting recommended.
• Proven strategic leadership – experience in leading a finance team, overseeing budgeting, forecasting and reporting.
• Corporate governance and risk management – solid understanding and practical experience in ensuring compliance with legal regulations, risk management and corporate governance frameworks.
• Stakeholder engagement – experience engaging with senior stakeholders such as the Board of Directors, auditors and external partners.