Commercial Financial Director at Stanley Black and Decker

CFO for a local subsidiary of a multinational manufacturing and construction business, in the Energy sector, in South Africa.Here I gained exposure to complex mega projects, which has faced exceptional challenges and adversity, given the level of financial risk of the projects, and its bearing on very diligent cash management and clear stakeholder communicationKey responsibilities- Assessments of new projects to validate, risk, profitability, cash flow, foreign exchange risk, schedule risk- Assessment of cost to complete mega projects related to Medupi and Kusile power stations. This entailed engaging and leading the finance, project management and project costing teams in building a detailed understanding of the underlying assumptions, assessing the reasonableness thereof, and analyzing trends to capture a reasonable and fair cost assessment of the project to completion.- Analysis of changes or events impacting on the underlying assumptions giving rise to changes in these estimates to ensure stakeholder communication of the key drivers impacting cost change.- Managing the full finance team including FP&A, Controller, shared services, accounts payable, accounts receivable and treasury.- Detailed assessment of the changing needs of the business to guide the business through restructuring.

Financial Controller at a local subsidiary of multinational business in the manufacturing and construction industry, within the Energy sector.Responsible for:- Ensuring monthly close and accurate financial reporting from SAP to Hyperion in US GAAP.- Preparation of annual statutory financial statements, including translation from US GAAP to IFRS- Ensuring SOX compliance through quarterly review key internal controls- Ensuring tax compliance through preparation of tax calculations and submission of returns, as well as filing of other ad-hoc requirements as issued by SARS from time to time.- Management of the accounts payable, accounts receivable and treasury teams- Planning and coordinating the budget process, giving guidance to the exco on the process, templates, required deliverables and timescales- Forecasting of the cash needs of the business

Tracking of project progress and profitability through project review:- Progress tracking- Progress vs. cost- Milestone and billing tracking- Payment collection- Cash flow forecasting- ERP system implementation (pilot)Closing out of inadequately reconciled balance sheet differences, especially work in progress (WIP)Resolving historical variances from inter-company account reportingPayment of weekly / monthly suppliersReview and collection of accounts receivable, including the scheduling, monitoring and maintenance of billing milestones to project exactly what project billings will be executed and collected when.

Financial accountant at GL&V in JohannesburgPreparation on monthly journalsCompletion of full financial close, including payroll, depreciation, revenue recognition (Percentage of completion) on projects and reporting.Project review of open projects for cost assessment and cost estimation adjustmentCompletion and filing of all statutory financial statementsCompletion and filing of tax returnsManagement of accounts receivable and accounts payableSpecial projects:Calculation of balance sheet split for purposes of a merger

Full monthly close and reporting function includingJournal entriesBalance sheet reconciliationsRunning of cost analysis modules on SAP CO (assessment and distribution cycles)Management of full external audit processInternal controlsPreparation of group policies and procedure manuals