We are hiring. The Inverroche Distillery is in search of a full time Head Of Finance.

JOB TITLE:

Head of Finance, Inverroche

REPORTS TO:

Managing Director, Inverroche

DEPARTMENT:

Finance

LOCATION:

Johannesburg, Gauteng or Stilbaai, Western Cape

HOURS OF WORK:

8:00am to 5:00pm Monday to Friday and overtime if and when required

DIRECT REPORTS:

2 Direct Reports (Senior Business Analyst & Finance Controller)

LIAISES WITH:

All internal Inverroche departments; PR South Africa, EMEA and HQ Finance teams; Auditors; Banks; Tax authorities; Government organisations

MAIN PURPOSE OF THE ROLE:

Consolidate, co-ordinate and manages all financial activities for Inverroche. Manages the financial impact of decisions made within the affiliate and ensures compliance with financial reporting obligations.

Recommends actions that improve the company’s profitability and capacity to reach financial targets.

As part of the senior management team, has input into the overall strategy and management of the company.

JOB SCOPE AND CONTEXT:

Office based, with some domestic travel.

Outputs

Actions

Performance Indicators (KPI)

1.????Reporting & Analysis

Ensuring Accurate & Timely Reporting

Analysis of financial performance, helping to drive decision making

·??????Producing, analysing, interpreting and communicating timely, accurate financial information to monitor performance and support decision-making

·??????Challenging, defending and arbitrating budgets, forecasts and strategic plans

·??????Implementing new KPIs and reporting requirements that consider the changing business environment

·??????Challenging business decisions on the basis of financial information

·??????Managing critical Group and local financial processes (e.g. budgeting, reporting, planning, closing)

·??????Provide financial input into presentations for internal stakeholders – including to Senior Management, Sub-Saharan Africa Management Entity and the EMEA Region.

?2.????Financial Accounting & Consolidation

Accounting records produced in line with Statutory and Group requirements

·??????Generating timely, accurate and auditable accounting records and financial statements in compliance with statutory and Group standards

·??????Ensure the Purchase to Pay process is adhered to and all payments have followed the approved company policy and delegation of authority

·??????Ensure that the that Sale to Cash process is adhered to and that all AR processes have followed the approved company policy

·??????Balance sheet recons reviewed monthly

·??????Acquisitions of fixed assets are supported by an approved business case, and authorized according to the delegation of authority

·??????Recommending best accounting treatment for any business transaction referring to local and international accounting principles and PR policies

·??????Managing relationship with external auditors (including planning, review, closing process and ensuring reliability and compliance of data)

·??????Compiling local and consolidated financial statements in compliance with statutory and Group standards and timeline

?3.????Tax Management & Legal Oversight

?Ensuring compliance with local tax legislation

Manage legal and contractual matters, making recommendations to optimise results and reduce risk for the business

·??????Managing tax matters (transfer prices, excise & duties, corporate tax, tax accounting and filing) in manner that optimises financial and operational impact

·??????Managing tax control, litigation and liaison with local tax authorities

·??????Implementing Group tax strategy

·??????Managing tax planning and optimising the amount of taxable income and tax deductions

·??????Monitoring tax environment changes, understanding implications and making recommendations

·??????Analysing legal matters and factoring financial and operational impact

·??????Translating new rules, regulations, taxes and guidelines into internal practices, procedures and systems

·??????Demonstrating knowledge of laws, regulations, rules and taxes leading to anticipation of business opportunities or possible risks and appropriate action taken

·??????Developing, implementing and monitoring processes for ensuring compliance

·??????Reviewing complex legal contracts

·??????Defining and implementing corporate legal policies

?4.????Risk Management & Internal Control

Proactively identify Risks and put in place internal controls to mitigate these risks

·??????Identifying business risks and implementing appropriate risk-mitigation plan

·??????Designing and implementing risk mapping

·??????Anticipating business risks that are likely to impact affiliate/group

·??????Defining internal control policies to ensure compliance with external regulations, internal requirements and reliability of financial information and systems

·??????Proposing internal audit plan to tackle business priorities

·??????Communicating and defending audit conclusions and action plans to top management and other stakeholders

?5.????Cash Management & Financing

Put in place Cash Management policies to optimise cash flow

·??????Forecasting and analysing cash flow, driving cash generation; managing relationships with financial partners (banks); optimising liquidity

·??????Challenging business decisions on the basis of cash impact and making alternative recommendations.

·??????Determining and Implementing funding policy, financial structure target and KPIs

·??????Designing and communicating financial and treasury policy

·??????Banks receive information required for compliance with Exchange Control Regulations and Financial Institutions Act

·??????Work with GM – Operations to monitor stock losses and ensure optimal inventory levels

·??????Review monthly payroll with HR manager and sign off before submission

?6.????Plan, monitor and deliver projects

Identify and manage the delivery of business critical, cross functional projects

·??????Selecting, prioritizing, monitoring and delivering a programme of projects

·??????Monitoring project quality and progress, anticipating risks, and making decisions to resolve issues

·??????Promoting project management culture within organisation

·??????Capex budget is prepared annually in consultation with GM - Operations

?7.????Employee Management & Motivation

Manage and develop employees, ensuring excellence in Finance Team delivery

·??????Recruiting, developing, managing and motivating talented staff

·??????Evaluating structure and resourcing levels

·??????Maintaining relevant and up to date Job descriptions for the department

·??????Filling vacancies in line with policies, equity targets, headcount and budget

·??????Giving preference to suitably qualified employment equity candidates

·??????Putting in place succession plans for the department

·??????Identifying & implementing suitable development opportunities and training

·??????Coaching employees and developing employment equity candidates

·??????Recommending promotions where appropriate

·??????Managing team performance and sharing PR vision and values

·??????Clearly communicating expectations and objectives

·??????Monitoring performance through review meetings held at least every six months

·??????Providing regular feedback on performance

·??????Recommending salary increases

·??????Encouraging participation and recognising contributions

·??????Maintaining a constructive work environment

·??????Managing disciplinary offences and resolving grievances and complaints

·??????Assessing employee satisfaction and taking corrective action

?JOB REQUIREMENTS:

Qualifications & Experience:??

Minimum Educational Requirements and Work Experience:

·??????Relevant Bachelor’s degree; post-graduate degree would be advantage.

·??????Chartered Accountant or CIMA

·??????Membership of professional associations.

·??????Ten years’ experience in financial management role, at least five of which is as a senior finance leader.

·??????Experience in managing complex organisational interphases including global and cluster markets; Finance/Supply Chain

·??????Multi-country experience would be an advantage.

?Competencies and Skills:

• Ability to be methodical and focused on operational details
• Strong strategic thinking skills
• Excellent planning and organising skills and the ability to meet deadlines
• Strong verbal and written communication skills
• Excellent interpersonal skills and ability to manage and make best use of relationships at various levels
• Ability to be highly self-motivated and able to effectively manage self and many competing priorities
• High level of autonomy, empowerment and the ability to work with minimal supervision
• Ability to have a high level of attention to detail.
• Passionate, creative and highly adaptable individual
• High level of integrity and ethical conduct
• Strong people management and development skills
• Proficiency in MS PowerPoint, Word and Excel
• JD Edwards experience is advantageous

?This job description is a broad reflection of the role and does not attempt to capture all specifics of the position. There may be variations within the same roles due to seniority or regional differences.

Please submit your application by the 25/09/2022 https://pernodricard.wd3.myworkdayjobs.com/en-US/pernod-ricard/job/Head-of-Finance_JR-028275?locationCountry=4db3c26940b944919b83612cc1193eed

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