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Head of Finance - South Africa

Date: Apr 27, 2022

Location: Cape Town, WC, ZA

Company: Beam Suntory

Beam Suntory is Crafting the Spirits that Stir the World. Rooted in two centuries of family heritage, Beam Suntory has evolved into the world's third largest leading premium spirits company ... where each employee is treated like family and trusted with legacy. With our greatest assets - our premium spirits and our people - we're driving growth through impactful marketing, innovation and an entrepreneurial spirit. Beam Suntory is a place where you can come Unleash your Spirit by making an impact each and every day.

 

 

Head of Finance - South Africa  

 

 

What makes this a great opportunity?

WHAT MAKES THIS A GREAT OPPORTUNITY?

 

    • Be part of the winning team which could build a sizable business in mid and long term
    • EMEA is a diverse region which is bringing a lot of experience and expertise.
    • Possibility to change things. Make your own mark to the business.
    • Opportunity to contribute to driving commercial result & process improvement

 

PURPOSE & SCOPE OF ROLE:

    • Support South Africa to achieve the ambitious growth targets.
    • Build highly capable and efficient operating finance team in market to support the   both objectives of the function as well as meet the requirements of the business.
    • Be an effective and valuable business partner to the General Manager by providing functional support to ensure that the business can deliver against its commercial and financial commitments as well as pro-actively identify opportunities for improvement.
    • Support the EMEA Senior Finance director in delivering a high caliber finance function that can consistently meet the group’s requirements in a reliable and efficient manner.

 

Role Responsibilities

DUTIES & RESPONSIBILITIES:

  • Finance Leadership – provide strong financial leadership to the business:
    • Drive a strong culture of achieving profit, cost and working capital targets
    • Raise the profile of financial process and control, develop a culture of compliance
    • Bring powerful financial and commercial insight to Management team discussions
    • Play a central role in developing the strategy of the business
    • Work effectively with Shareholder Finance representatives on financial matters

 

  • Financial Control –maintain an effective and robust system of internal controls.
    • Identify control weaknesses and address urgently
    • Ensure controls are operating effectively through regular review and testing and that there is evidence of their effectiveness – account reconciliations
    • Lead the business in establishing an effective internal control environment, including communicating process and control requirements to other departments
    • Ensure the business’ internal controls are maintained at a high standard and reflect changes in best practice

 

  • Stewardship & Compliance – ensure the business meets all relevant requirements for financial and related filings:
    • Preparation of statutory accounts and filing in accordance with local requirements
    • Timely filing of local corporate returns
    • Timely submission of VAT and tax returns and associated payment
    • Working with the management team to ensure commercial activities are following local rules and legislation, with the assistance of professional advisors as appropriate.

 

  • Team Leadership – develop a strong Finance team and help individuals within the team develop their capabilities
    • Develop a clear vision and objectives for the Finance team in line with the wider business aims, and communicate this clearly to the team and the business
    • Ensure the team has the right mix of skills and experience to operate effectively
    • Motivate the team and create a positive working environment
    • Help team members develop their careers inside the business and across the wider Beam Suntory network.

 

  • Decision Support – provide high quality reporting and analysis to help the business make effective decisions:
    • Provide accurate and insightful financial reporting to the business
    • Deliver financial forecasts and budgets in accordance with timetables
    • Proved high quality commercial and financial input to business initiatives – customer agreements, investment plan, pricing and discount scenarios

 

  • Treasury – maintain appropriate financing arrangements which support the objectives of the business
    • Develop relationships with finance providers
    • Negotiate local facilities which meet business objectives whilst minimising cost
    • Maintain an effective cash forecasting process to ensure requirements stay within approved limits. Ensure covenants are met on each testing dat.

 

  • Systems and Processes – operate effective and efficient financial processes.
    • Ensure financial processes operate effectively
    • Continuously drive process efficiencies, and explore ways of doing things differently to reduce costs
    • Perform a robust month end close process and meet reporting deadlines
    •  
  • Reporting structure – responsible and accountable for the following functions:
    • Local controller
    • AP/AR
    • Commercial Finance

 

Qualifications & Experience

BEAM SUNTORY BEHAVIOURAL COMPETENCIES:

    • Entrepreneurial Approach
    • Creating Innovative Solutions
    • Beating the Competition….Together

 

KEY SKILLS & COMPETENCIES REQUIRED:

    • Able to work effectively in a matrix management structure
    • Commercially astute and able to contribute to tangible commercial outcomes
    • Results/outcome orientated management style
    • Hands on management style – must enjoy working at an operational level and driving the right outcomes
    • Strong written and oral communication skills commensurate with the level of the position
    • Ability to work effectively cross culturally by developing formal and informal networks
    • Self-starter and someone who can identify opportunities/the need for change and take the lead in taking appropriate action

 

EXPERIENCE & QUALIFICATIONS:

    • Degree qualified with relevant Accounting/Business/Finance qualification.
    • 10+ years of diversified finance experience, preferably including experience within a multinational consumer products business.
    • Fluent in English.

 

KEY RELATIONSHIPS:

    • Regional FP&A
    • Commercial local team and Rev Man regionally
    • Business Unit Finance Teams
    • Supply Chain local team
    • Marketing
    • Regional Strategy team
    • Legal

  

At Beam Suntory, people are our number one priority, and we believe our people grow together in diverse and inclusive environments where their unique insights, experiences and backgrounds are valued and respected. Beam Suntory is committed to equal employment opportunity regardless of race, color, ancestry, religion, sex, national origin, sexual orientation, age, citizenship, marital status, disability, gender identity, military veteran status and all other characteristics, attributes or choices protected by law. All recruitment and hiring decisions are based on an applicant’s skills and experience.