Chief Financial Officer - - Germiston

Position: Chief Financial Officer
Industry: Automotive
Location: Germiston - Gauteng
Salary: Market related + Benefits

Qualifications:

CA.
Preferably from motor industry.
Preferably Evolve experience.
2 - 5 years minimum CFO experience.

Responsibilities:

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.