Andrew Barends

Financial Reporting

• Oversee the preparation and presentation of financial reports, including balance sheets, income statements, and cash flow statements.
• Ensure compliance with all local and international financial reporting standards and regulations.
• Budgeting & Forecasting:
• Lead the annual budgeting process, including preparing, reviewing, and analyzing financial data.
• Develop accurate financial forecasts to guide business planning and decision-making.
• Cash Flow and Treasury Management:
• Manage the company’s cash flow and working capital to ensure financial stability and liquidity.
• Optimize the capital structure and manage relationships with banks and financial institutions.
• Develop strategies for effective working capital management.
• Cost Management:
• Analyze costs, pricing, variable contributions, sales results, and the company’s actual performance compared to business plans.
• Implement cost control measures to improve profitability.
• Inventory Management:
• Oversee inventory valuation and control, ensuring accurate tracking of raw materials, work-in-progress, and finished goods.
• Implement strategies to minimize inventory holding costs and prevent obsolescence.
• Financial Strategy & Planning:
• Develop and implement financial strategies that support the company’s business objectives.
• Provide financial analysis and guidance on all activities, plans, targets, and business drivers.
• Risk Management:
• Identify and mitigate financial risks related to the company's operations, investments, and external environment.
• Develop and implement policies and procedures to ensure financial control and compliance.
• Audits and Compliance:
• Oversee compliance, including filing returns and managing audits.
• Ensure compliance with local and international statutory laws and regulations.
• Team Leadership & Development:
• Lead and mentor the finance team, fostering a culture of continuous improvement and professional development.
• Collaborate with other departments to support overall company goals and objectives.
• Stakeholder Communication:
• Liaise with stakeholders, including investors, banks, suppliers, and regulatory authorities, providing accurate financial information and updates.
• Prepare reports and presentations for senior management and board meetings.
• Act as a strategic partner to the CEO and executive team, providing insights and recommendations on financial matters.
• Participate in key decisions as a member of the executive management team.