Financial Director - Manufacturing Company

Financial Director - Manufacturing Company


Financial Director - Manufacturing Company

Details of the offer

This position has become available due to the pending emigration of the current Financial Director. It reports into the MD with a dotted line to the local corporate Group FD. This very profitable Engineering/Manufacturing Company is small to medium in size and has a number of Branches and Distribution Agents which dominates its niche markets. The Company forms part of 7 other Industrial Subsidiaries in SA and the Group has operations in Europe and USA where the Holding Company is situated. It employs 275 staff of which 220 are based in the factory which also includes an R & D Toolroom that designs and manufactures its moulds using state of the art machinery. The Group uses Syspro which is cloud based and has a central Server in SA. Furthermore, the business sells its product range directly to other Manufacturers, Merchants and Wholesalers as well as to Retailers which includes Industrial Prepacks into the DIY market.
Key performance areas, inter alia, include:
Manage, motivate and control a smallish and very efficient Financial Department consisting of Management (Cost) Accountant who supervises a Cost Clerk and 2 Buyers as well as a Financial Accountant who supervises 2 Debtors, 2 Creditors & Wage Clerk.
Oversee the day to day financial and costing demands of this position which are broad and various. The FD is the “go to” person in the Company as well as the 2 IC to the MD who depends extensively on the candidate and is used as the financial and costing soundboard. There are also ongoing Capex requirements and motivations have to be prepared together with quarterly stock takes and analysis thereof and problem areas need to be resolved.
Attend Production Meetings twice per week so as to be continuously updated on all factory issues and to know what is happening in the business. The FD also answers relevant questions from the Production Team and gives advice.
Extensive use is made of Excel for Business Modelling and other Spreadsheet requirements like graphics. In-depth analysis of both factory, financial and other data is required on an ongoing basis. This also contributes to understanding the financial drivers of the business.
There is a very competent Management Accountant who generates the factory information including Bill of Materials and currently there is a new MRP System being evaluated for future implementation. Similarly, there is a very competent Financial Accountant. However, the FD always has to keep his/her finger on the pulse, for example, in respect of the Debtors Book and analysing the TB for material variances and problems, interacting with SARS for PAYE and VAT queries and insurance requirements needs to be managed etc.
Management Pack, Cashflow Statement, Forecasts, Salaries & Expense Analyses etc. are all prepared monthly and the Pack is presented by the MD to the SA Corporate Head Office. The Annual Budget is prepared in the third quarter of the year as well as the Annual Audit has to be completed the month after the year-end (which is Janauary). Forming part of an International privately held Group, there are extensive pressures and deadlines together with ad hoc requirements for ongoing information and data analysis.
Form part of the Management team together with the MD, Sales Director and Manufacturing Manager. Be involved in commercial and business issues like contracts, pricing, driving the “bottom-line”, rebates, various distributions allowances together with the strategic direction of the business.

CA (SA) and the candidate must have a manufacturing background. An understanding of a factory environment is required (this Company uses average costing system). The successful candidate should have the maturity and experience to handle a Financial Director role and be the 2 IC to the MD.
In addition to being able to create positive interpersonal relationships and having a fairly outgoing personality, this applicant must be an effective communicator across all levels of people. There is also a need to have in-depth analytical skills and attention to detail. In addition, the ability to multi-task on an ongoing basis is a prerequisite for the success in this role and to handle continuous pressures and deadlines.
The MD would like a candidate who is Syspro literate and who has very strong Excel skills.
Commercial acumen together with experience in other business disciplines like purchasing, inventory, contracts, insurance, hedging, etc. is highly recommended.

Apply on-line or alternatively phone Gerald Lilian on (011)-----.
Be advised that if you do not receive a response within two weeks from date of submission of your CV, then please deem your application as unsuccessful.

Source: Executiveplacements


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