Chief Financial Officer – Kenya

Tiger Brands Limited, a Top 40 JSE Limited company whose footprint extends across the African continent and beyond, is one of the largest manufacturers and marketers of FMCG products in Southern Africa, and has been for several decades.

As the Chief Financial Officer – Kenya you will report to the Managing Director in country and have a team of 5 people. In this role you will be responsible for the following (but not limited to):

FINANCIAL ACCOUNTING AND REPORTING

Budgeting, forecasts e.t.c to be produced within dates set by the Group
Budget and forecasts approved by the Group
Financial and statutory reports produced within set deadlines and in line International Financial Reporting Standards (IFRS)

MANAGEMENT OF CAPITAL EXPENDITURE AND PROJECTS

CAPEX proposals reviewed and authorised for minimum levels of rejection
Appropriate CAPEX proposals authorised by TBL Board/CEO
Finance project CAPEX expenditures and costs monitored

WORKING CAPITAL

Working capital optimised
Debtors days in line with prior year or declining
Stock obsolescence identified timely and recoverability maximised

RISK MANAGEMENT AND CORPORATE GOVERNANCE

Maximum cash collection
Minimum levels of undetected theft and fraud.
All possible risks are controlled for by contingency plans.
All the assets are adequately insured.
Claims are settled timeously and in full
Compliance with local country legislation and regulatory requirements
Compliance with governance standards

AUDITING

Timeous submission of annual audited year end packs
Clean audit reports and favourable internal audit reports
Internal and External Audits are carried out effectively at the least possible audit cost.
Minimal audit hours.

MANAGE TAX AFFAIRS

Returns submitted on time as regulated and minimum tax payable

INFORMATION TECHNOLOGY

Minimum number of complaints from users regarding inability to access any IT resources
Minimum downtime
100% hit rate on logon to network and server by users

COMPANY SECRETARIAL FUNCTION

Board packs and minutes of meetings are sent out timeously
All returns required by the Authorities submitted on time
Financial processes comply with relevant legislation developed, updated and reviewed

The successful candidate must possess the following:
CA, CFA or equivalent qualification
At least 5 years’ experience as a CFO, ideally in an FMCG industry
Good financial skills, particularly IFRS and standard costing principles.
Proven track record in the development and implementation of broad financial, auditing and accounting strategies.
A fair understanding of the legal and regulatory framework in Kenya
Experience in working in a multi-cultural national environment


Company