You are here
Group Financial Analyst - Corporate Finance
Global Food & Trading Group
International corporate with numerous internal growth opportunities
About Our Client
Our client is a leading food & trading group with a core focus on grain commodities and a vision of driving food security across Africa. They provide services across the entire grain production and storage cycle, offering financial support and solutions as well as inputs and hi-tech equipment through a large retail footprint.
Turnover per annum equates to approx. R14bn with 6 main pillars:
- Management Services
- Agricultural Services
Key performance areas:
Monthly forecasts models (preparation & analysis):
- Owner of the Group's financial forecast model which include the following responsibilities:
- Together with the finance teams of the respective invested companies, update model monthly incorporating actual results as well any changes to remaining budgets (to get to rolling forecast);
- Ensure monthly forecast models are accurate through reviewing each model;
- Ensure consolidated model are ready for distribution monthly within the timelines set by Group Finance;
- Analyse and interpret the financial information within the forecast models to determine present performance and to predict future financial performance and cost saving opportunities.
- Actively seek out continuous process and model improvements to increase the accuracy and timeliness of financial projections and trend assessment.
- Prepare spreadsheets with charts and graphs for financial reports and management accounts on monthly and quarterly basis reflecting the result generated through the forecast process.
- Together with the finance teams of the respective invested companies, ensure monthly commentary on results incorporated the appropriate and relevant market and forecast information.
- Perform valuations of the Group following a "sum-of-the-parts"-approach by valuing the different businesses within the Group on a quarterly basis for submission to the Group's shareholders.
- Through consultation with the finance teams of the various invested companies, ensure forecast applied in the valuations performed are accurate, complete and in-line with the Group's valuation process.
- Compile a detail report to accompany the quarterly valuations for the shareholders stipulating the valuation methodology followed, major assumptions as well as detailing the overall result and the main drivers behind the change in value over the specific quarter.
- Follow crucial economic and corporate movements by analyzing financial information such as balance sheets, investment banking firm's reports, government agencies, trade publications, company sources, and through regular discussion with the financial management of the respective invested companies.
- Prepare written reports on overall economic trends, specific businesses or sectors.
- Study and analyze information influencing investment programs (price, yield, stability, future trends in investment risks, and economic influences, for example) to be used in making investment decisions, benchmarking exercises and evaluating assumptions used in business unit forecast model.
Advice to Management:
- Provide recommendations to management for strategic business decisions based on findings from analysis of forecast model info, applying appropriate sector knowledge and assumptions obtained through research.
- Conduct financial analysis when evaluating investment decision and providing advice to management on capital projects.
- Provide advice to the finance teams of the respective invested companies regarding the allocation of purchase price ito IFRS 3 for all acquisitions made by the Group.
- Owner of the Group's impairment testing models (value in use calculations) which include the following responsibilities:
- Updating the model bi-annually with relevant WACC and in accordance with the Group's impairment testing policy;
- Ensure rollout of revised models on a timely basis to the respective invested companies for utilisation in the Group's annual impairment testing process;
- Providing advice and review impairment tests where necessary for the respective invested companies; and
Calculation of WACC:
- Responsible for the annual calculation of the Group's weighted average cost of capital (for the Group in total and for each business units both locally and outside of SA) to be used in budget models, capital expenditure evaluations, gearing exercises, and quarterly valuations.
Capital expenditure & Investments:
- Review all capital expenditure submissions to Corporate during both the budget period and the submission period (this applies to capex applications as stipulated in the Group's DOA, currently all capex between R1m and R4m).
- Provide inputs & recommendations to the management teams of the respective invested companies on reports to be submitted to EXCO.
The Successful Applicant
- CA(SA) qualified (articles completed at big four)
- 2 years minimum post articles experience
- Strong background in M&A dealing with project feasibility, industry & product research & financial due diligence.
- Exposure / experience to valuations and impairment calculations
What's on Offer
R600,000 - R750,000 + Performance bonus