Chief Financial Officer
CurrentChief Financial Officer CJP Chemicals (Pty) Ltd August 2018 to Current Financial DirectorDecember 2013 to August 2018R 1.5 billion Turnover (220 Employees)People reporting directly to me: IT Manager, Credit Controller, Financial Manager, HR administrator and Operations Manager.Procurement Manager has a dotted line reporting line to myselfOne of three executive directors, the other two being the managing director and sales directorDuties: Chief Financial Officer of CJP Chemicals, Director of CJP Holdings and CJP Dormant (Pty) Ltd Reporting to the Managing Director and the Board. Working with the Sales Director, in particular, towards the implementation of the company’s sales strategy Attendance of Board Meetings and Audit committee meetings and ensuring previous action items have been closed out Managing the relationship with the company’s bankers, The Standard Bank of South Africa, with whom the company enjoyed a working capital facility of R 90 Million and loans of at once stage R 160 million. Ensuring Quarterly Loan compliance ratios are in line with the bankers agreements. Overseeing of Debtors Collections Cost vs Benefit analysis of logistical solutions eg Outsourcing options vs Full Maintenance lease options. Overseeing HR and IT departments Review of monthly management accounts which are prepared by the financial manager. Setting of company expense and sales budgets Maintain BEE compliance levels and looking at new initiatives to improve BEE score Notable achievements: Reduction of Overdraft from R 96 million to a positive bank balance Reduction of overdue debtors from R 18 million to 3% of the debtor’s book, approximately R 7.5 million Created an awareness amongst the management team of the importance of working capital and cash generation in addition to profitability. Reduction of company head count from 278 to 220.