Financial Manager
Matola Cargo Terminal
Total des années d'expérience :24 années, 1 mois
Lead the preparation of the financial reports of the company, ensuring the availability of information supporting the decision-making process in all areas.
Prepare financial and treasury reports, forecasts and deviations to budget on a monthly basis and submit to the Group and the Board of Directors accurate, complete, valid and timeous results.
Liaising with operational managers to identify revenue drivers and finalise monthly forecasting.
Prepare and monitor 5 year budget and business plan - this include, Sales Opex and Capex budgets with revenue drivers and staff count.
Manage and optimise the working capital requirements to maximise shareholder wealth.
Creating procedures to ensure good internal control and high standard of internal governance.
Responsible for the day-to-day accounting, ensuring accounts are up to date and correct and expenses and revenues are correctly accounted for.
Responsible for account reconciliations and clean-up of all accounts.
Formed part of the team that facilitated the migration from Sage evolution to Sage X3
Achievements
Prepared the 5 year budget for all business units, this include Capex, Sales and Opex budgets as well as revenue drivers
Thinamy Entertainment is a group of companies consisting of 2 casino’s, 2 restaurants and an online betting company with revenues of ZAR 500 million and a workforce of over 1000 employees.
Developed and prepared monthly management accounts and exco board reports for all business units.
Liaising with operational managers to clarify and interpret financial results, identifying areas to increase revenue or reduce cost saving.
Preparing annual budgets for all business divisions.
Responsible for the day-to-day accounting of all business units, ensuring accounts are up to date and correct and expenses and revenues are correctly accounted for.
Managing the year end audit and resolving all audit queries.
Ensure all taxes are paid and up to date.
Ensure proper allocation/ utilization of resources by evaluating workflow and task allocation within the finance department.
Led process re-engineering and transformation project to improve internal controls and compilation of management information, this includes the migration from Tally ERP to Sage 300.
Achievements
100% improvement in efficiency within the financial department through the transformation and digitation of financial processes.
De Wet Engineering and De Wet Drilling support the mining industry in Botswana with revenues of ZAR 150 million and a workforce of 250 employees.
Engaged as CFO responsible for the overall financial and management accounting across 4 companies operating in manufacturing, borehole drilling projects, and agriculture.
Set KPIs and targets to ensure timely and accurate management reporting.
Facilitated leadership with informed business decision-making by creating monthly management accounts, forecasts, and dashboards along with commentary and recommendations
Managed the warehouse, procurement, costing of works orders, and payroll functions by leading 15 direct reports.
Initiated negotiations with local banks to restructure company debt, achieved a reduction in monthly repayments of ZAR 1.5 million per month.
Ensured adequate working capital availability to avoid disruptions of operations through weekly cash flow analysis, planning, and projections.
Led major intercompany cost rationalisation program to protect profitability.
Played a vital role in improving reporting/decision support, driving cost savings, and enhancing internal controls by supporting system migration from SAP to Sage X3.
Achievements:
Analysis and reconciliation of accounts lead to a tax saving of ZAR 5 million.
Formulated and implemented a cost rationalisation strategy, resulted in reducing a ZAR 30 million loss to ZAR 1.5 million within 12 months.
Restructured and enhanced the finance function to meet the needs of the business.
Bananalandia is an agricultural company specialising in the production of bananas with revenues of ZAR 250 million and a staff complement of over 1500 employees.
Led a team of 6 members (comprising of 2 accountants, creditors clerk, debtors’ clerk, petty cash clerk and import payments clerk) to oversee finance function for the Mozambique operations, consisting of 7 agricultural production units structured in 4 companies, a transportation company, and a retail company.
Created monthly management accounts, including KPI’s, forecasts with commentary for individual and group companies.
Determined sale price per unit by developing a pricing model based on forecasted crop yields and sales trends.
Provided the financial planning and analysis (FP&A) and financial modelling to ensure that business strategy was supported by sound financial and operational justification.
Manged the budget process for revenues and costs while identifying cost savings opportunities in close collaboration with operational managers of the production units.
Ensured prompt resolution of tax queries while managing tax audits in liaison with local consultants and tax authorities.
Registering an offshore trading company in the Seychelles.
Achievements:
Enabling proactive profit and tax planning through the development of a profit forecasting model for group companies.
Created and implemented a pricing model which led to stable selling prices across all companies.
Developed reporting capabilities to underpin informed business decisions.
◆ Handling the company’s registration as an approved exporter in terms of the European Free Trade Agreement.
◆ Assisting the finance team with the finalization of the year end audit and various financials tasks.
◆ Established the footprint and initiating operations in West Africa i.e. Nigeria and Ghana.
◆ Opened bank accounts, executed expatriate quotas, acquired business license, tax registrations while registering products with the relevant local authorities and obtaining import permits.
◆ Supported strategic investment decisions by managing annual capital expenditure and operational budgets/forecasts.
◆ Preparing quarterly cash flow projections, managing, and monitoring cash flows to ensure liquidity to fund capital projects and working capital requirements.
◆ Responsible for sales and product strategy, identification of products suitable to the market and calculating - determine and negotiating selling prices with potential customers, this involved the preparation of sales quotations and customer negotiations.
◆ Led end-to-end implementation of an integrated manufacturing system that included the execution of the bill of materials, activity-based costing, standard costing, and work orders.
◆ Managed the supply chain functions (including ordering, imports, receiving, and costing of imported stock) in liaison with freight forwarders and clearing agents.
◆ Ascertained optimum stock levels, stock availability, as well as the identification of slow-moving stock items by monitoring and controlling stock management processes.
◆ Responsible for tax compliance, this included the identification and hiring of a tax consultant and local auditors.