Chief Financial Officer (Missing)

• Manage the financial performance of the business unit to provide revenue enhancement and shareholder value through planning and control:
• Reviewing financial performance, analysing deviations and developing corrective actions
• Performing qualitative financial planning and control
• Appraising operating results in terms of costs, budgets, operating policies, trends, increased profit opportunities
• Providing financial support to the management team
• Developing guidelines, tools and measures for planning and controlling
• Careful management of financial risks, e.g. debtors and creditors
• Communicating financial necessities into the business
• Monthly and annual reporting locally and to the UK/Canadian Holding Company
• Support the long-term business growth through development of creative, enabling financial strategies, including but not limited to:
• Preparation of Annual Business Plan, long term strategies and budgets
• Development of Business Models/Costing Models
• Maintenance of Financial Data Systems for up-to-date accurate financial information to inform decision making
• Risk mitigation planning
• Manage the corporate governance and stewardship of the business unit’s finances by:
• Planning, directing and controlling the overall financial plans and policies
• Accounting practices, IFRS
• Relationships with banking institutions, shareholders and the financial community
• Ensuring tax modelling, planning, implementation and reporting are in place
• Ensuring cash and liquidity are well managed
• Ensuring that statutory, group accounting policies and audit procedures are complied with
• Managing customer credit facilities
• Managing accounts payable
• Liaising with Attorneys and external Auditors as and when necessary

Management of Finance Department staff in line with Group standards and procedures, including but not limited to:

• Performance management
• Training, mentoring and development
• Overseeing payroll processing for salaries and weekly wages.
• Manage the completeness and accuracy of the payroll on a weekly, fortnightly and monthly basis for +- 3000 employees
• Ensure that all employees are paid timeously and accurately according to Union & Bargaining Council regulations
• Provide leadership, guidance and supervision for staff in the payroll department
• Ensure monthly sign off of payrolls from various stakeholders in the business
• Ensure that all returns as required by regulatory authorities are reconciled and completed within statutory deadlines, SARS PAYE, UIF, SDL, WCA, CIODA, Garnishees, Maintenance

consulting as the Financial Director for the Pentaplas Group, the finance and administration department reports directly to me.
Responsibilities as the Financial Director are as follows:-

• Monthly reporting;
• Cash flow (daily; weekly, monthly and annual)
• Budgets, forecasts and targets (monthly and annual)
• Debtor
• Creditors
• Liaising with external auditors
• Preparation of monthly management board packs (including variances and full analysis)
• Legal contracts
• Analysis of all business activities
• Asset management
• Human resources (including salaries)
• Inventory controls
• Implementation and designing of policies and procedures (especially strengthening the policies and procedures around the Inventory environment;
• Feasibility studies with regards to any new investments
• Taxation, VAT, PAYE (including all other taxes)
• Company statutory records
• Full balance sheet management
• Liaise with insurance company
• Attend to other ad hoc financial and administrative requests from the CEO; and
• All other ad hoc and financial duties

The manufacturing plant is therefore the integral part of the business. I developed procedures in the manufacturing and warehousing environment that minimum losses would occur. Some products could be manufactured using “regrind” material at a fraction of the cost when compared to using “virgin” material. This development was an integral part of the business development as the margin for these specific items would be higher and improve the profitability of the business as a whole.

Implementation of policies and procedures in the manufacturing plant and warehouse was my responsibility. I was also tasked to identify all the weaknesses with the environment and improve them respectively. Procedures were improved and redesigned for the manufacturing plant (including the WIP process) and the warehouse and distribution. There was an immediate improvement. Implementation of monthly inventory counts was one of my projects that I managed successfully as well. Another project I managed was the overhead cost vs budgets to ensure that costs were not exceeded.

Due to the financial position of the company there were discussions and planning of a merger and acquisition. A due diligence was conducted which I managed the process and coordinated.

Other responsibilities:

• Reviewing and analyzing all Cost of Sales accounts
• Analysing Work In Progress
• Investigate variance between actual vs Budget
• Monthly review of stock on hand
• Cost accounting
• Logistics-understanding the function
• Implementing systems and processes throughout the business and ensure that they are followed.
• Understanding the entire warehousing and manufacturing function in all locations
• Responsible cost savings/Cutting costs

There were little controls and procedures in place. It was my project to design policies and procedures for all staff in all areas of the company to follow. Since this is a retail environment a great amount of interaction was needed with sales staff. All procedures and policies were implemented and followed.

Converting two of the retail stores into Samsung Brand Stores – responsible for the costing, feasibility, forecasts, negotiations, liaising with landlords and planning.

Monthly management pack was presented and prepared to the directors. This included monthly performance vs budget (including explanations for all variances) all the relevant ratios were included i.e. ROI, Asset:Liabilty, Inventory, turnover, etc. Employee stats and provident and pension fund performances was also included.

Other responsibilities included:

• Monthly accounts
• Cash Flow Management
• Budgeting process
• Stock management
• Local purchases
• Annual audit
• System Implementation
• Salaries
• Taxation
• Insurance
• Cost saving initiatives
• Managing Accounts; HR and IT Departments
• Legal issues
• Other (SA Statistics returns; Compensation commissioner returns; SABS returns)

Fotocats also owned a PROPERTY portfolio (I currently still manage one of the Properties for one of the ex- director of Fotocats (Pty) Ltd

Financial responsibilities

• Monthly accounts
• Preparing portfolio schedules
• Cash Flow Management
• Annual Audit
• Taxation

There was a requirement for the company to lease a bigger warehouse (from 3000 square metres to 6000 square metres). I sourced, planned and relocated the project with great success.

Monthly management pack was presented and prepared to the directors. This included monthly performance vs budget (including explanations for all variances) all the relevant ratios were included i.e. ROI, Asset:Liabilty, Inventory, turnover, etc. Employee stats and provident and pension fund performances was also included.

Other responsibilities:

• Monthly accounts:-
• Cash Flow Management
• Company Pension Fund
• Budgeting process
• Stock management
• Local purchases
• Overseas purchases
• Forex management
• Annual audit
• Sales / Orders
• System Implementation
• Salaries
• Taxation
• Insurance
• Cost saving initiatives
• Managing Accounts; HR and IT Departments
• Legal issues
• Other (SA Statistics returns; Compensation commissioner returns; SABS returns)

Operational responsibilities

• Logistics
• Shipping
• Warehousing
• Accounts department
• IT department
• Cost saving initiatives

The company also owned Long Term Investment Entities (Company & Trust)

Financial responsibilities

• Monthly accounts
• Investment research
• Cash flow management
• Annual audit
• Taxation

As a Senior Financial Analyst reporting into Barclays on a daily basis my work included travel to London to the head office in order to gain, train and implement their systems in South Africa. Deadlines were met and Barclays completed their consolidation reporting in time aligned with their international standard of reporting.

Developed the MIS team and incorporated this with the entire business as a whole. The business development for ABSA Capital was an integral part of their growth and reporting requirements to Barclays Capital in London.

Implementation and management of the MIS Barclays system project into South Africa was successful.

Packs for Exco were prepared highlighting all the various business areas and their individual performance to the bank as a whole. All information was always compared to budget and variance explanations were supplied. Comparisons to prior year was also always included to identify the growth or not in that specific area. All packs included graphs to highlight all the information that was presented.

Other responsibilities:

• Review of daily P & L and distribution to EXCO members and management
• Preparation of Fincom papers (monthly)
• Segment reporting for ABSA Capital (including calculation of ROE, current ratio, income ratio, etc)
• Sales credit reporting
• Key risk indicators with regards to the traders
• Weekly and monthly commentary on all trading areas
• 2 x Junior Financial Analysts reporting into me

• Consulting current and new clients with respect to taxation, restructuring and financial advice
• Performing normal senior audit manager functions
• Management and training of all the audit staff
• Due diligences
• Company valuation
• Roll out of a mentorship programme
• Mentor for a number of trainee accountants
• Quality control
• Assessment of trainee accountants
• Consulting FD’s and FM on a number of business issues as well as taxation structures
• Consulting FD’s on policies and procedures as well as identifying and designing company procedures
• Approximately 45 staff member reporting into me as well as managing them
• Managing accounting staff (5 individuals)

• Consulting new and existing ATO’s who have got an accredited TOPP program.
• Co-ordinate and run study schools, academic interventions, coaches and mentors workshops as well as competency assessments.
• Performing audit managerial functions.
• Clients audited / Consulted
• Metropolitan Life.
• Tsogo Sun (Montecasino)
• Tusk Resorts
• South African Post Office
• Industrial Development Corporation (IDC)
• Standard Bank
• Telkom
• Nedcor
• Telecommunication facilities management company (TFMC)
• Barloworld
• Consulting a number of FD’s and FM with regards to business policies and procedures
• Designing procedures for FD’s in order to improve the company’s business environment.
• Managing staff members as well as PA’s

• Lecturing second and third year students in:
• Financial accounting 2 and 3.
• Auditing 2 and 3.
• Taxation 2

• Audit supervisor, drafting financials and managing audits and a number of audit staff at one time
• Accounting programs dealt with –Caseware, Pastel, AccPac, VIP (salaries package).
• Fields audited
• Retail.
• Construction.
• Finance.
• Manufacturing.
• Trusts.
• Close Corporations.
• Listed companies.
• Private companies