Chief Financial Officer - Cement Manufacturing Business (8-15 yrs)

Their is one good opportunity for CFO with our Cement Manufacturing Client based in Midrand , South Africa ...

Reports to Name: Chief Executive Officer (CEO) Manufacturing business

Job Location: Midrand ,South Africa .

A Chief Financial Officer (CFO) in a manufacturing business (3 businesses/ verticals) has a multifaceted role that combines traditional financial responsibilities with industry-specific challenges. This role will report directly to the CEO and is based in Midrand, Johannesburg.

Job Responsibilities :

1. Financial Planning and Analysis:

- Develop and implement financial strategies and budgets to support the company's goals.

- Analyse financial performance and provide insights on profitability, cost management, and financial trends.

- Forecast future financial performance and assess risks and opportunities.

2. Cost Management:

- Monitor and control production costs, including raw materials, energy, and labour.

- Implement cost-saving initiatives and efficiency improvements in manufacturing processes.

- Analyse cost structures and identify areas for potential cost reductions.

3. Capital Management:

- Oversee capital expenditure decisions, including investment in new equipment or facilities.

- Manage capital budgeting processes and evaluate the financial viability of capital projects.

- Optimize the company's capital structure and financing strategies.

4. Financial Reporting:

- Ensure accurate and timely preparation of financial statements and reports in compliance with regulatory standards.

- Present financial reports to the board of directors, investors, and other stakeholders.

- Oversee internal and external audits and ensure adherence to accounting standards and regulatory requirements.

5. Risk Management:

- Identify and manage financial risks, including commodity price fluctuations, currency risks, and interest rate changes.

- Develop and implement risk management policies and procedures.

- Ensure adequate insurance coverage and risk mitigation strategies.

6. Strategic Planning:

- Collaborate with senior management to develop and execute long-term strategic plans.

- Evaluate potential mergers, acquisitions, or joint ventures and their financial implications.

- Provide financial insights to support strategic decision-making.

7. Treasury Management:

- Oversee cash flow management, including optimising working capital and managing liquidity.

- Handle relationships with banks and financial institutions.

- Manage investments, financing arrangements, and debt obligations.

8. Regulatory Compliance:

- Ensure compliance with financial regulations and industry-specific standards.

- Stay updated on changes in financial regulations and accounting standards relevant to the industry.

- Implement and monitor internal controls to prevent fraud and ensure financial integrity.

9. Stakeholder Communication:

- Communicate financial performance and strategy to investors, analysts, and other stakeholders.

- Manage investor relations and handle inquiries related to financial performance and forecasts.

10. Team Leadership:

- Lead and develop the finance team.

- Foster a culture of financial discipline and continuous improvement within the finance department.

11. Sustainability and ESG (Environmental, Social, Governance) Initiatives:

- Monitor and report on sustainability initiatives and their financial impact.

- Ensure compliance with environmental regulations and industry standards related to sustainability.

- Manage and take advantage of the tax incentives available to be utilised in the business.

- In a manufacturing context, the CFO also needs to be commercially astute to also fill in as a deputy to the CEO in his absence. The right candidate will balance operational efficiency with financial stewardship to drive the company's success.

REQUIREMENTS:

Education and experience: CA or ICWA and CS

- Management experience and relevant practice from an industrial company, preferably continuous process industry

- Minimum 10 years financial and budgeting experience

- IT proficiency

- SAP knowledge would be an advantage.