Our well known Automotive Dealer client based in Germiston has an opportunity for an experienced CFO for one of their Brand Franchise.

The package is:

1. R120K basic

Over and above:

1. Medical aid
2. Provident Fund
3. Company car
4. Fuel
5. Cell phone allowance
6. Incentives

Qualification

1. CA
2. Preferably from motor industry
3. Preferably Evolve experience
4. 2 – 5 years minimum CFO experience

CFO – job summary

• Review of trial balances per dealer and division
• Review and change of incentive programmes with CEO and HR
• Guidance and training to accountants
• Continuous communication and negotiation with CEO of division on all matters related to business to discuss franchise performance, strategy and action plans
• Management of 9 dealerships with a combined turnover of R2.4billion per annum, a stock holding of R600m and a debtors book of R450m
• Measurement of gross profit, expenses, net profit, return on sales, return on equity and other ratios per dealership as well as on consolidation
• Measurement of performance of various departments in each dealership (new cars, used cars, service dept as well as parts dept) and possible improvement measures
• Measurement of performance vs costs over various periods and corrective measures
• Management of cash flow and creditors payments to reduce interest bill on floor plan facilities (major creditor account)
• Engagement with IT team to resolve any IT problems on various systems timeously and adding of new staff members on engagement
• Engagement with the Human Resource manager and payroll office to ensure employee salaries are processed correctly and any queries addressed
• Assisting in Original Equipment Manufacturer (OEM) contracts and updates, new lease agreements with landlords as well as other relevant contracts to be concluded
• Close interaction with dealer principals as well as accountants of the dealerships on compliance, performance and assistance as needed by them
• Reporting to head office on any queries relating to accounts
• Responsibility for compliance of all accounting processes and procedures in dealerships as well as in franchise office
• Monthly VAT calculation and submission to our support office
• Annual preparation of budgets
• Monthly reporting to support office on fixed asset register, cash, inter group sales, interest as well as floor plan facilities
• Quarterly reporting to support office on debtors and ageing, stock and ageing, sundry debtors and creditors, compliance in franchise, risk assessments and various other matters
• Liaison with auditors in annual audit and submitting requested audit documents
• Annual pack preparation which contains the full accounting as well as tax preparation for review by external auditors
• Preparation of cash budgets
• B-BBEE submissions and preparations to support office (including CO2 emissions, fuel usage etc)
• Handling various other ad hoc queries from support office and auditors

Also send cvs to mervyn@bonafidehc.co.za