Chief Financial Officer – Germiston
Germiston
Posted 6 months ago
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:
- R120K basic
Over and above:
- Medical aid
- Provident Fund
- Company car
- Fuel
- Cell phone allowance
- Incentives
Qualification
- CA
- Preferably from motor industry
- Preferably Evolve experience
- 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