Finance Head
Cirebelle Fine Chemicals (PTY) LTD
مجموع سنوات الخبرة :21 years, 5 أشهر
Financial oversight of company for main shareholder Letsema Holdings. Including, finance, management accounting, budgeting, banking & treasury, credit control and ERP co ordination system implementation of D365 .Purchasing and stock control. Training and development of staff .
Design and implementation of accounting systems
Maintenance of financial accounts
Re-conciliation of accounts
Asset management
Management Accounting
Design and development of costing systems
Financial re-structuring
Capital budgeting and financial appraisal
Development of internal audit systems and their implementation
Computerised financial management system
Financial statistical information system
Wages and payoff accounting
Foreign exchange risk management
Financial advisory with respect to privatisation
Financial management and monitoring of construction management contracts
Bagco is a division of Flour Mills of Nigeria and manufacture and sells non-woven bags and flexible poly
propylene trans wrap to the industrial and FMCG sectors both for the Nigerian market as well as export markets.
Principal Accountabilities:
• Ensure the adherence to the group’s financial policies and
procedures for all Bagco companies.
• Coordination with external auditors to ensure smooth and on time completion of annual external audit.
• Reviews analyze and publish monthly IFRS financial statements.
• Bi monthly business review to owners and directors.
• Management of the management accounting functions for Bagco, responsible for updating of quarterly forecast, preparing of annual budget. Price volume sensitivity analysis for price increases or to increase market share. Costing of new products based on approved specification from customers.
• Financial evaluation of projects.
• Working capital management, managing debtor’s days outstanding, creditors days payable and stock, to reduce overdraft and interest charges.
• Reviewing and approving of all purchase orders.
• Responsible for the management of logistic support functions.
• Training, employing of qualified accounting personnel to support the key performance indicators of the department and the company
My key account-abilities as
Head of Finance
• Assisting in formulating the company's future direction and supporting tactical initiatives • Represent the company with investment bankers and investors
• Maintain banking relationships • Arrange for debt and equity financing • Maintain banking relationships
• Arrange for debit and equity financing • Invest funds. • Monitoring cash balances and cash forecasts
• Maintaining relations with external auditors and investigate their findings and recommendations • Reporting risk issues to the audit committee of the board of directors
• Ensuring that record keeping meets the requirements of auditors and government agencies
• Ensuring that the company complies with all legal and regulatory requirements • Maintaining appropriate insurance coverage • Constructing and monitoring reliable control systems
• Monitoring all open legal issues involving the company, and legal issues affecting the industry • Understanding and mitigate key elements of the company's risk profile • Reporting financial results to the board of directors
• Overseeing the issuance of financial information
• Overseeing employee benefit plans, with particular emphasis on maximizing a cost-effective benefits package • Implementing operational best practices
• Overseeing the company's transaction processing systems • Managing any third parties to which functions have been outsourced • Overseeing the financial operations of subsidiary companies
• Maintaining in-depth relations with all members of the management team • Participating in key decisions as a member of the executive management team • Developing performance measures that support the company's strategic direction
• Managing the capital request and budgeting processes • Developing financial and tax strategies • Monitoring and direct the implementation of strategic business plans
• Seconded to Kano factory as General Manager
• Manager Administration coordinating all activities of factory, logistics, finance, it, h/r, health and safety, ISO and sales functions • Responsible for the day to day operation as well as monthly profit and loss and balance sheet.
• Monthly, quarterly sales and production forecast • Annual preparation of sales and production budget • Budget Profit and Loss statement and balance sheet.
To co ordinate finance activities of the group companies to comply with Saudi and international accounting standards.
Liaison with banks for credit facilities of the group companies.
Ensure daily, weekly and monthly reporting of relevant financial
data to enhance the operational activities of the different companies.
Coordination of year end audits to ensure smooth external audit of all the group companies.
Financial adviser to the President, Vice Presidents and General Mangers.
Oversee the I/t activities of the group companies.
Together with President and General Manger H/R review and select suitable candidates for new or vacant positions for all group companies
To ensure compliance to food safety procedures i.e ISO 22000,
HACCP, and BRC by doing continuous auditing of these processes based and an annual audit plan.
To ensure compliance to financial and operational company policies by conducting continuous audits and follow up audits using GAP, IRFS and local financial regulatory requirements as reference
To ensure well trained auditors are deployed to conduct the various audits needed
To ensure all auditors keep them self updated to the latest regulatory changes by attending external training by reputable companies.
To lead all fraud investigation cases identified through audits or through while blowing.• Develop risk-based annual audit plans detailing scope, nature and timing of audit activities
• Draft the Audit Charter of the organization in line with the international standards
• Design internal audit procedures and work programs
• Advise management on resourcing requirements for Internal Audit Function, including any potential outsourcing arrangements
• Conduct internal Audits to assess the adequacy, effectiveness and efficiency of the established internal controls and procedures
• Identify key areas of risk within the organization and propose appropriate controls to mitigate the risks
• Review the accuracy, timelines and relevance of financial information and other disclosures provided to management
• Discuss audit findings and recommendations with line managers and report significant issues to senior management
• Prepare audit reports in line with the approved audit plan
• Monitor the timely implementation of the management actions recommended in the audit reports
• Provide senior management and Board with an opinion on the adequacy, effectiveness and efficiency of the internal controls organization
• Assist the development of an internal control culture, including training staff
• Monitor trends and developments in the internal audit areas
• Conduct ad-hoc investigations and reviews as requested by senior management
• Participate in the Board meeting
• Liaise with external auditor on internal control issues
• Report on internal control issues and the implementation of the internal audit plan to senior
Consolidated the different companies management accounting functions into a group function with uniform management accounting reporting for all companies .
Manage the management accounting and financial department of the Johannes burg operations of Natures Choice Farms . Responsible for internal controls in all business units of the company. Reported to Group Finance Director
Responsible for accurate and timely published management accounting reports for all divisions. Maintaining standard costing for all operations .Updating of master file information. Various cost analysis for changed or new product development .
Responsible for monthly cost roll up to update standard prices of stocks .
Office practice and procedures