Tongaat Hulett has more than 130-year history and a strong socio-economic legacy in KwaZulu-Natal province, in South Africa, and into sub-Saharan Africa. Technical operations include the following: -

-            Four Sugar Manufacturing mills situated on along the North coast of Kwa Zulu Natal stretching from Tongaat through to Empangeni.

-            A sugar Refining operation based in South Coast Road Durban

-            An animal feeds manufacturing plant situated in Tongaat alongside the Maidstone Sugar Mill.

-            A technical operations support comprising technical specialist who provide high level support to the operations both in South Africa and foreign operations.

The company’s current priority is to improve the overall business performance in the medium to longer term and our objectives are to operate strategically, sustainably, efficiently, and profitably. Tongaat Hulett’s focus is on re-energising assets that will be cash-generative and exploring new customer segments.

Going forward the company is focused on leveraging our value chain, and create a platform for long-term growth, while maintaining strong relationships with our key stakeholders.

Financial

Cashflow management

Cost of production

Corporate governance

Industry Complexity

Operating across six countries, SA manufacturing is impacted by socio-political environments, Sugar exports, Global developments, shifting landscapes and local competitiveness. A strong focus is to improve the overall business performance in the medium to longer term, operate strategically, increase sustainability, efficiency, and revenue and stakeholder engagements. Understand the nature of the Sugar

Industry and its regulatory framework.

Leadership

Reports to the General Manager. This position requires strong leadership ability, both at teams and organisational level.

Purpose of Role

This position requires strong leadership ability, both at team and organisational level. A high level of financial skills, i.e. management accounting, financial management and financial reporting, combined with superior business acumen, commercial sense and strategic intelligence is also important. The ability to understand the strategic framework of any business process needs to be combined with good project management skills, as well as communication, interpersonal and

organisational skills.

Accountabilities

-          Financial and Management Reporting

-         Responsible for the preparation of monthly management accounts ensuring completeness and accuracy of information and timely preparation.

-         Analyse financial and statistical variances from forecast and prior period comparatives.

-         Responsible for the preparation of annual financial accounting and taxation packs ensuring compliance with accounting policies, accounting standards and applicable legislation.

-         Liaise with external auditors.

-         Review product and customer profitability reports.

-         Responsible for the preparation of insurance declarations, cash projections, VAT returns and quarterly statistics.

-         Perform financial evaluations and provide information to assist with commercial and business decisions.

-         Budgeting and forecasting

-         Prepare detailed expenditure budgets and cash flow forecasts in line with budgetary assumptions and operational inputs.

-         Prepare sensitivities on key assumptions and provide meaningful variance analysis.

-         Responsible for calculating the standard cost per ton for the Bill of Materials (BOM).

-         Management of finance department

-         Oversee the following functional areas within the finance department, Cane payments, and stores.

-         Approve new vendor applications.

-         Provide supervision to staff, carry out performance and KPA reviews.

-         Systems of internal control and risk management

-         Implement and maintain standards and systems of internal control.

-         Review exception reports and master-file amendment reports.

-         Liaise with internal auditors and address audit findings.

-         Involvement in risk identification and risk management processes.

-         Communicating with various levels within and outside of the organisation

-         Liaising with other internal departments viz. Production, Engineering.

-         Liaising with other business areas.

-         Liaising with SASA (Sugar Association)

-         Liaising with internal and external auditors

Qualifications and Experience Required

-        B. Com degree from an accredited institution or suitable equivalent. CA (SA) would be advantageous.

-        At least 5 years’ experience in a financial management environment with strong analytical capabilities, ability to work as a team, good leadership & communication skills, attention to detail, efficiency, and ability to work under pressure with speed and accuracy.

-        A strong business systems/process improvement capability.

-        Knowledge or experience on SAP would be particularly useful.

Business, Commercial, and financial acumen – Understands industry and business trends, business models, challenges, opportunities and processes and how they impact on financial, customer, people and business performance and results.

-        Culturally aware and able to adapt leadership style in any situation and ability to work under extreme timelines.

-        Communication – Communicates effectively and shares information and knowledge using appropriate channels and technology to both individuals and groups.

Barriers to Success in Role

-        Inability to deliver accurate and timeous results.

-        Inability to lead teams and build relationships across cultures.

-        Inability to connect and build positive relationships.

-        Inability to comply with corporate governance.

Contact information

Thembile Gumede