Head Of Finance - Feitoria

Closing Date : / 04 / 02

Reference Number : NAN-2

Job Title : Head of Finance - Feitoria

Department : Feitoria

Job Type : Permanent

Reporting To : Group Exec : Southern African Sourcing

Number of Positions : 01

Location - Country : South Africa

Location - Province : Gauteng

Location - Town / City : Midrand

Nandos Casa Feitoria

Job Description

To direct and oversee the financial activities of the company, direct the preparation of current financial reports and summaries and create forecasts predicting future work alongside the Heads of Departments and the Group Executive to keep the finances positioned for continued success.

This role will manage the day to day, ongoing impact on the company's operations, helping to analyse activities of the company and grow the financial position of the business.

The role further involves the assessment and mitigation of risk and compliance with IFRS, tax and Company's Act legislation, treasury & banking covenants.

Minimum Requirements

1. CA(SA)
2. SAICA membership
3. Excellent leadership skills, with steadfast resolve and personal integrity (10 years)
4. Understanding of advanced accounting, regulatory issues, tax planning & compliance, risk mitigation (10 years)
5. Solid experience coordinating and managing reporting, budget and financial planning development and analysis, accounts payable, general ledger, payroll, business operations and CAPEX projects (10 years)
6. FMCG / Manufacturing experience (5 years)
7. Experience in executive leadership roles (5 years)
8. Technology savvy with SAP experience desirable
9. Strong interpersonal and communication skills; experience in effectively communicating key data, including presentations to senior management or other outside partners

Duties and Responsibilities

Budgeting

Work with senior managers to efficiently develop budget proposals, provide access to project finance information, and ensure contract compliance and reporting.

Cash Flow Management

Take responsibility (either directly or via staff) for all cash management, investments, insurance, budgeting, and financial reporting, and help drive the company's financial strategy.

Risk Management And Internal Controls

Details the development and maintenance of internal controls to mitigate financial risks, including market, credit, and operational risks.

The goal is to protect the company's financial interests through risk assessment, mitigation strategies, and monitoring of key risk indicators.

Annual audit compliance, generation of audit file evidence, audit interviews.

Review and negotiation of all legal contracts, credit applications and purchase order terms of a binding nature.

Costing and Pricing

Review of all new product and enhanced product costing and pricing of same.

Payments

Review of all outgoing payment documentation prior to release.

Checking of all new costs (including annual changes) and prices approved and uploaded to ERP.

Enhancing The Financial Function

Develop and implement best practices and tools to ensure a well-controlled yet flexible organization that has strong fiscal management, cross-team communications. Comply with national and local financial requirements by studying existing and new legislation and taking appropriate action.

Payroll

Reviewing monthly detailed payroll, PAYE, UIF, SDL review prior and post bank upload.

Financial Reporting And Compliance

This section emphasizes the importance of preparing accurate financial statements in compliance with accounting standards and regulations.

It involves coordinating audits, addressing findings, and maintaining internal controls to protect company assets and ensure financial integrity.

Detailed Analysis on monthly accounts.

Working Capital

This involves managing the company's cash flow, liquidity, and working capital to align with operational needs and strategic objectives.

Strategies to optimize working capital, capital structure, and investment returns are developed, along with managing banking relationships and negotiating terms.

Tax

Monthly VAT calculation and return interrogation.

Bi-Annual provisional tax calculations and return submissions.

Annual tax and deferred tax computations.

Finance Department Management

Responsible for overseeing the finance department, responsibilities will include but are not limited to:

1. Financial Planning and Analysis
2. Financial Reporting
3. Risk Management
4. Capital Management
5. Strategic Planning

Leading and developing the finance team to foster a culture of accountability, collaboration, and continuous improvement.

It includes providing mentorship, promoting professional development, and ensuring the team's alignment with organizational goals.

Projects

Adherence to approved CAPEX budgets and key involvement with internal and external stakeholders to ensure that financial aspects of projects are adhered to.

Debt

Structure finance to deliver projects and ensure maintenance of bank covenants.

Insurance Strategy

Annual renewal of insurance policies in line with group with additional focus on Product Recall and Liability policy specific to the business, together with compliance with fire, extraction and integrity certifications.