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CFO (Agriculture / Supply chain / Commodities) – Western Cape, South Africa

Stellenbosch, Western Cape
Reference Number: LUL_CFO
Job Description:
The CFO South Africa is responsible for the direct supervision of all accounting and financial functions within the country.  Primary responsibilities include supervision of the monthly close process, particularly with focus on Group IFRS Reporting for Group Consolidation and support to Group treasury on local treasury matters. Preparation of annual budget and subsequently budget X actual follow ups are also part of core responsibilities under this position. The CFO South Africa also ensures that Group policies are followed at local level, as well as responds for creating and implementing local policies when appropriate. The CFO South Africa is a key business partner for the Country Manager South Africa, supporting the implementation of strategy for the country, there included all business lines – Trading, Origination, Distribution, Farming, Crushing. The position is a key support for various functions and businesses and requires a high calibre individual to lead and manage financial and business controlling, accounting and reporting, as well as provide support for other areas such as business controlling, treasury, tax, financial planning, risk, compliance.  The successful candidate will also be expected to develop and maintain proactive, positive relationships with internal and external stakeholders.  Experience in Grain & Oilseeds trading environment is desirable.
Financial Reporting
Coordinate South Africa monthly closing process for all activities within the country. Manage the Product Control tasks to ensure that daily PnL estimates are aligned to financial results, advising in case of any potential variances in SAO, FX revaluation, Interests and other non-trade components of the company PnL. Provide accurate daily trading positions, leading the team that prepares the reports. Review reconciliations monitor accounts during the month and at monthly closing process. Perform analytical review of the monthly operating results to ensure accurate accounting records are booked. Ensure monthly reporting schedules are correctly prepared and reported to Group as per Monthly Closing instructions. Ensure a timely and accurate reporting of financial statements, as per Group policy. Preparation of working capital reports. Put in place a solid and reliable process to record transactions with all analytics required by Group accounting (Entity, PGU, Cost center, etc). Review journals, in special manual ones above a materiality threshold to be defined. Ensure commercial and SAO (if any such as intercompany) billings are correct and properly booked.              Maintain proper fixed asset records and coordinate inventory of fixed assets on a regular basis. Assist the Chief Accounting Officer in keeping good accounting records.
Preparation of annual budget, budget X actual reports and annual results re-forecasting when required. Analyse variances, identify causes and report them to the CFO and Commercial Management. Maintain a track record of the company most relevant KPI’s
Coordinate the preparation of the annual tax return together with the local tax advisor. Assist in the preparation of monthly tax provisions and support deferred tax assets and liabilities calculations, following IFRS and Group Tax guidance.  
Audit and Internal controls.
Coordinate the preparation annual Audited Financial Statements in conjunction with local auditors. Keep track of documentation to support month end balances (balance sheet integrity review). Implement and document effective internal controls, following Internal Audit guidance.
Responsible for ensuring compliance to all locally applicable laws, rules, and regulations. Assist the Global / Regional Controllers in the implementation of corporate policies and procedures.
Help and support treasury in the preparation of cash flow projections allowing effective cash balances management. Supervision of accounts payable process to ensure payments are correctly posted and executed preventing from payment duplication. Support Group Treasury on the development and maintenance of local credit lines by actively participating in the banking relationship in South Africa 
 Others / Administration.
Supervise T&E reimbursements, ensuring the T&E policy is followed and frauds are prevented.  Support any administrative actions when needed.
The CFO acts as the financial counsellor and partner to the business heads.
The CFO is expected to:
  • Provide an independent perspective on the performance of business divisions;
  • Build effective working relationships with business divisions; and  Actively challenge line management’s decisions when necessary.
Requirements: Qualification and Skill
  • MBA and / or CPA or other professional accounting qualification preferred;
  • University degree in Finance, Business, Accounting or a related field;
  • Fluent in English.
  • At least 5 years of experience in a similar position of financial management with increasing responsibilities for multi-faceted direction and planning;
  • Solid experience and exposure to commodities and supply chains, particularly on a multicurrency environment
  • Experience in risk management, treasury, tax will be a plus
  • Hands-on experience managing diverse teams.
Benefits and Contractual information:
  • Permanent Position
  • Market Related.
Please apply directly, by clicking on the ‘apply button’ and visit for the latest CA Global jobs.
Lukas Louw
Recruitment Associate
The CA Global Group
Should you not receive a response in two weeks, please consider your application unsuccessful. Your CV will be kept on our database for any other suitable positions.
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