Financial Manager - Agri Commodities Essential, Durban

Reporting to: Chief Financial Officer

Location: Durban

Employment Type: Permanent

Qualifications and Experience:

• Relevant financial and accounting qualification with three years completed SAIPA/SAICA articles.
• Experience: 6–10+ years in finance with at least 3–5 years in Agri commodity trading essential.
• Exposure to SAFEX/JSE, FX, and trade finance essential.
• Strong knowledge of IFRS/IFRS for SMEs, VAT (imports/exports/zero-rating), SARB exchange control, customs, and Companies Act.
• Demonstrated ability to drive system enhancements and automation.
• Excellent presentation, communication skills and time management skills.
• Confident character to challenge and influence management with the objective to improve the business.

Responsibilities:

Financial Reporting & Control

• Own monthly, quarterly, and annual close; prepare trial balance, management accounts, variance analyses, cash flow statements, and Board packs by agreed deadlines. Own yearly budgeting and quarterly forecasting.
• Ensure compliance with IFRS for SMEs or IFRS (as applicable), Companies Act, group accounting policies, and transfer pricing protocols.

Commodity Trading Finance (Front-to-Back Support)

• Daily P&L and position reporting; reconcile front-office (trading) positions to back-office/GL; ensure transparent mark to market and valuation of physicals, futures, and options.
• Oversee SAFEX/JSE hedging back-office: trade capture, confirmations, margin calls/variations, position and limit monitoring, and broker reconciliations.

Inventory, Costing & Logistics Finance

• Approve average cost/standard cost methodologies; validate shrinkage, moisture, quality claims, and demurrage/dispatch impacts.
• Coordinate daily stock reconciliations, independent confirmations (silo statements), and discrepancy resolution.

Treasury, Liquidity & FX

• Manage daily cash, overdrafts, trade finance (LCs, documentary collections), and covenant compliance; forecast short-/medium-term cash flows.
• Oversee FX exposure (imports, exports, USD/ZAR, cross-currency) and hedging (forwards/options) aligned to risk policy; ensure back-to-back coverage where applicable.

Taxation & Regulatory Compliance (South Africa)

• VAT: Ensure correct tax codes for complex commodity flows (imports/exports/zero-rating, agency/principal, drop shipments), reconcile VAT 201s, and manage submissions/refunds.
• Customs & Excise: Validate tariff codes, valuation, duties/levies; ensure compliant import/export documentation (commercial invoices, packing lists, BL/AWB, SAD500).

Credit Risk & AR/AP Governance

• Age debtors and creditors; drive collections and cash application discipline; resolve pricing and quality disputes quickly with trading/logistics.

Systems, Data & Process Improvement

• Enhance data quality, automation, and reporting (Power BI); implement process standardization and RPA opportunities where beneficial.
• Own the ERP finance modules and integrations with CTRMs if applicable.

Leadership & People

If you have not received any feedback from us within 5 working days please consider your application unsuccessful.

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