Company:
Safal Steel
Industry: Engineering / Technical
Deadline: Not specified
Job Type: Full Time
Experience: 8 – 10 years
Location: KwaZulu-Natal
Province: Durban
Field: Manufacturing
Description
Operational & Manufacturing Finance
- Partner with Plant Operations, Supply Chain, and Procurement teams to improve overall financial and operational performance.
- Monitor capital expenditure (CapEx) and evaluate return on investment (ROI) for key projects.
- Support inventory valuation, working capital management, and stock optimization initiatives.
- Assist in developing pricing strategies through detailed cost structure and margin analysis.
- Maintain robust internal controls to safeguard assets and mitigate financial risks.
- Work across organizational boundaries and all levels of management to achieve plant and corporate objectives.
- Recommend best practices in financial management and operations, including process improvements, financial modeling, and policy changes.
Cost Controlling & Optimization
- Monitor and analyze production, material, labor, and overhead costs across manufacturing plant and sales branches..
- Identify cost-saving opportunities (PIPs) and drive efficiency improvements in operations.
- Conduct variance analysis (actual vs. budget vs. forecast) and recommend corrective actions.
- Collaborate with Operations teams to optimize production processes, minimize waste, and improve productivity.
- Ensure accurate product costing, margin analysis, and standard cost updates.
- Support cost reduction initiatives in procurement and other overhead areas.
- Monitor and report purchase commitments and spending for all capital programs.
- Conduct follow-up audits to ensure compliance with approved capital investments and cost-saving measures.
Financial Oversight & Internal Controls
- Develop and enforce strong internal controls to minimize theft, fraud, and financial misstatements.
- Conduct regular financial and compliance audits across all plants.
- Partner with Security and Internal Audit teams to monitor high-risk areas (e.g., warehouses, procurement, and cash transactions).
- Monitor cost variances, production efficiency, and material usage to identify anomalies or inefficiencies.
- Perform frequent walk-throughs of manufacturing operations with Plant Leadership to address costing and production issues.
- Conduct branch or retail store visits for verification of inventory and cash handling processes.
Budgeting, Forecasting & Performance Management
- Oversee preparation of plant budgets, forecasts, and rolling financial plans.
- Consolidate plant-level financial performance and report to senior management.
- Track and analyze key performance indicators (KPIs) related to cost, efficiency, and profitability.
- Provide insights and recommendations to improve forecast accuracy and operational predictability.
Leadership & Strategy
- Provide leadership and direction to Plant Controllers and finance teams across sites.
- Align plant financial objectives with overall corporate strategy and operational excellence targets.
- Act as key financial advisor to Plant Management and the Head of Finance.
- Develop team capabilities through coaching, mentorship, and structured performance reviews.
- Champion a culture of accountability, cost awareness, and continuous improvement.
Systems & Data Integrity (SAP S/4HANA)
- Ensure data integrity and accuracy in SAP S/4HANA, particularly within Production, Costing, and Inventory modules.
- Lead continuous improvement initiatives in financial systems and reporting processes.
- Collaborate with IT and Finance teams to optimize system workflows and reporting accuracy.
Requirements
- Preferred academic qualification: BCOM in Finance / Production Management or Equivalent
- General work experience (years): 8–10 years’ experience in manufacturing or plant finance, including at least 3 years in a leadership role.
- Specific to the position (Level/discipline): Proven working knowledge of SAP S/4HANA , with hands on experience Production, costing and Maintenance Module (Prior ERP Administrator experience advantageous)
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