Overview

Hire Resolve’s Client is seeking to hire a Chief Financial Officer to join their team in Bedfordview. The Chief Financial Officer (CFO) will be responsible for overseeing the financial health and strategic financial planning of the organization. This role requires a forward-thinking and results-oriented finance leader who will drive profitability, ensure compliance, and support sustainable growth through sound financial management practices. The CFO will lead the finance team and work closely with senior management to align financial strategies with business objectives. The CFO will report to the CEO and the Board. Whilst there is some flexibility in work hours, the incumbent is expected to be in the office at least 3-4 days per week.

Key Responsibilities:

Strategic Financial Leadership

Develop and implement financial strategies aligned with the company’s goals and objectives. Lead financial forecasting, budgeting, and long-term financial planning processes to support strategic initiatives. Provide actionable insights and financial guidance to support decision-making across the executive team.

Financial Reporting and Compliance

Oversee the preparation and analysis of financial statements and reports, ensuring compliance with regulatory and accounting standards. Ensure adherence to financial regulations, including IFRS and South African tax laws. Manage relationships with external auditors, tax advisors, and regulatory authorities, ensuring timely and accurate financial disclosures.

Risk Management and Internal Controls

Identify, assess, and mitigate financial risks, including operational, credit, and market risks. Develop, implement, and monitor internal controls to safeguard company assets and maintain the integrity of financial data. Support enterprise risk management and compliance initiatives.

Cost Control and Profitability

Monitor and optimize operational costs, enhancing profitability and cost-efficiency. Oversee cost-benefit analyses for new projects, capital expenditures, and other investments to maximize return on investment. Implement financial policies and procedures to support effective cost management.

Cash Flow and Treasury Management

Manage cash flow, banking relationships, and debt structures to ensure liquidity and financial stability. Develop strategies for optimizing working capital and managing investments to enhance cash flow.

Team Leadership and Development

Lead and mentor the finance team, fostering a high-performance culture that aligns with the company’s values. Build talent within the team through training, professional development, and performance management. Encourage collaboration and communication within the team to ensure high productivity.

Stakeholder Communication

Act as a key financial spokesperson for the company, presenting financial results, forecasts, and strategic initiatives to stakeholders, including the board of directors. Build strong relationships with key stakeholders, providing transparent and timely financial information.

Key Performance Indicators (KPIs):

Financial Accuracy and Compliance

Achieve 100% accuracy in financial reporting, ensuring all financial statements and reports comply with regulatory standards and deadlines. Maintain an error-free external audit outcome and achieve full compliance with all regulatory and tax requirements.

Budgeting and Forecasting Accuracy

Maintain a variance of less than 5% between budgeted and actual financial results. Develop and update accurate forecasts quarterly, reflecting changes in the business environment and market conditions.

Cost Efficiency and Profitability

Improve operational cost-efficiency by achieving a minimum of 10% reduction in controllable expenses year-over-year. Drive profitability by maintaining or improving the company’s operating margin by at least 3% annually.

Cash Flow Management

Ensure positive cash flow each quarter, with cash reserves sufficient to cover 6 months of operational expenses. Optimize working capital.

Risk Management and Internal Control Compliance

Implement and maintain effective internal controls, with less than 1% of control deficiencies identified in quarterly audits. Ensure no significant risk-related losses, achieving a minimum score of 90% in annual risk management assessments.

Team Development and Satisfaction

Achieve a finance team engagement score of 80% or higher in annual employee satisfaction surveys. Ensure a minimum of 75% of team members participate in professional development or training programs each year.

Stakeholder Engagement and Communication

Provide timely, accurate, and insightful financial reports to stakeholders, achieving a satisfaction rating of 90% or higher from the board of directors.

Qualifications and Competencies Required:

Education: Bachelor’s degree in Finance, Accounting, or a related field; CPA, CA(SA), CFA, or equivalent qualification preferred. Experience: Minimum of 5 years of financial management experience, with at least 3 years in a senior leadership role, preferably within the insurance or financial services sector. Technical Skills: Expertise in financial analysis, budgeting, forecasting, and regulatory compliance within the South African insurance market. Soft Skills: Strong analytical, leadership, and communication skills with the ability to influence and engage stakeholders at all levels.

Contact Hire Resolve for your next career-changing move.

Salary: negotiable. Our client is offering a highly competitive salary for this role based on experience. Apply for this role today, contact Kay-Leen Recruiter at Hire Resolve or on LinkedIn  You can also visit the Hire Resolve website: hireresolve.us or email us your CV: financialcareers@hireresolve.za.com Alternatively, you can also contact me directly at kay-leen.dupreez@hireresolve.us When applying via email please use “Chief Financial Officer” as the subject line

We will contact you telephonically in 3 days should you be suitable for this vacancy. If you are not suitable, we will put your CV on file and contact you regarding any future vacancies that arise.

Apply for job