Finance Manager

• Contribute to make LESAFFRE known as a Global Key Actor in Bread-making Solutions (Yeasts, Bread-Making Ingredients, Technical Support) in the Republic of South Africa

• Structure and optimize the financial performance of the company, including its reporting, cash-flow management, and return on investments.

• Ensure compliance with the South African tax and legal regulations, in accordance with the Lesaffre principles in term of compliance and anti-corruption

Main responsibilities

1. Treasury – Cash and risk management

Responsible of the Cash Management

• Plans, projects and reports cash-flow to ensure that sufficient cash is available for the operation and expenditures.
• Develops plans for short-term and long-term financing if required
• Manages ongoing banking relationships for maximum efficiency and oversees all daily banking activities

1. Accounting, Tax, and Internal controls, and external Audit

• Structure and manage the financial system, ensuring maximum productivity and that it meets current business needs and in the future
• Ensure the monthly and yearly closing processes
• Compile and analyze financial information to prepare entries to accounts, such as general ledger accounts, and document business transactions.
• Establish, maintain, and coordinate the implementation of accounting and accounting control procedures.
• Develop and oversee accounting policies and procedures to meet both current and future business models.
• Interact with internal and external auditors, review and analyze results 
• Liaise with TAX authorities and tax consultant to ensure all taxes are in order.
• Coordinate annual report and prepare the financial section
• Ensure the entities foundations comply with all internal policies and relevant regulations and ensure filings are completed in a timely manner.

1. Costing

• Supervise monthly analysis of cost of goods sold and operational expenses against prior year and budget, providing explanations and business solutions to help mitigate the risks.
• Performs cost analysis and cost accounting for all products to ensure a proper decision support system.
• Partner with Product Management and Purchasing Team in determining financial impact due to cost variations, etc. and prepare periodic forecasts to update management on projected results.
• Prepares new products/modified products financial simulations.

1. Reporting Management

• Prepare the Management Account and analysis that will support the Leadership Team to drive the business (monthly, quarterly, yearly)
• Develop regular reporting and analysis, including dashboards
• Ensure financial management reporting tools and processes are in place to support the business needs and mitigate risks, like aging reports for all debtors control and follow-up.
• Ensure Management Reporting is submitted on time with the relevant quality into the Lesaffre Group system.

1. Budgeting

• Lead the annual budget process;
• Support and advise the General Manager in the Budget target definition
• Manage the financial modelling and analysis to support the development of long-term strategic initiatives and business plans
• Prepare and review budget, revenue, expense, invoices, and other accounting documents.
• Monitors annual and monthly operating budget for all departments, variances to ensure on a monthly basis that company profitability targets are achieved.
• Analyze revenue
• Analyze OPEX and CAPEX needs to recommend appropriate budget levels and ensure control.

1. Corporate

• Leads Corporate process, working if necessary, with an external lawyer to prepare BoD, Financial statements approval, BoD resolution.

1. IT

• Leads IT with support of the service provider to ensure data protection, and efficient use of the softwares
• Coordinate with procurement hardware management

1. Organizational

• Responsible for recruiting, training, supervising and evaluating his team.
• Identifies development needs of his team and support their development
• Ensures that each team member has clear objectives, job description, and performance review.
• Responsible to streamline the organization and make it more efficient, through reducing unnecessary headcount, injecting new expertise and continuous development.

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