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Work Background
Avroy Shlain CosmeticsFinancial Director
Jul. 2023Midrand, Gauteng, South Africa
JB GroupGroup CFO
Mar. 2021 - Jun. 2023Wanderers Cricket Stadium
Africa Arbitrage Company - Holding CompanyGroup Chief Financial Officer
Mar. 2019 - Mar. 2021South AfricaLead the preparation and review of monthly management accounts, operational reports whilst analysing and reporting on financial data at board level and management level. Oversaw full tax function for the group including preparation of annual tax returns, VAT and provisional tax returns. Prepare reports for business units, other stakeholders and create financial models according to investment opportunities, acquisitions and disinvestments. Develop 3 year plans, coordinate annual audits, spearhead the implementation of new POS and provide direct oversight on 7 members of staff. Acted as CEO for DMF Stores (Pty) Ltd for 9 months during COVID crises to carry out the strategic objectives of the shareholders. KEY ACHIEVEMENTS
• Led project teams that successfully implemented a new ERP system – Navision and LS Retail (on time and within budget)
• Implemented new operational processes to ensure stores traded optimally, as well as within the parameters of the various statutes including OHASA
• Guided the 3-year plan to deliver against pre-determined targets set down by the board and shareholders • Negotiated various contracts to deliver significant costs savings, including leases; insurance policies; IT costs etc.
• Achieved efficiencies and savings by outsourcing various aspects of the business including IT, Logistics, Store builds
• Oversee day to day operations of the company in capacity as CEO/ COO in order to ensure deliverables met – management team of 25 people.
BUSBYChief Financial Officer - Retail
Jan. 2015 - Feb. 2019Johannesburg Area, South AfricaProvide executive leadership for retail division which has turnover of > R 1 billion, 6 companies and 300 sites.
Lead the preparation and review of months management accounts, financial and operational reports whilst reporting on financial data at board and management level. Oversee tax function for group including annual and provisional tax returns, value added tax and withholding tax. Prepare business models for various business segments, tender submissions and other ad hoc projects. Create financial models and research data to support investment opportunities, acquisitions and disinvestments. Develop forecasts and 3 years plans, Provide direct oversight for 19 members of staff. Oversee foreign and local suppliers, payroll function as well as managing the capital expenditure budget. Coordinate annual and interim audit. Key achievements Led project teams that successfully launched commerce sites for Forever New, Frasers, Guess and Aldo. Developed Forever new e-commerce from start up to R 1 million turnover per month
Designed and implemented a new report for profit and loss reporting for stores and business segments that allows the data to be sorted by division, shopping centres and brand, thereby allowing for easier management of costs, benchmarking and better analysis of data.
Implemented new measures to mitigate risks and losses in stores including enhances reporting for stock write offs, gift vouchers and lay-bys. Effective management of new contract management system for lease management of 200 stores.
Engineered and implemented a new budgeting tool that streamlined the annual budgeting and quarterly forecasting process, thereby reducing the time spent and ensuring more accurate data.
Mentored a core team of 5 people who adopted a new approach to service excellence and ensured that they added value in all stakeholder engagements. Successfully managed an annual capital expenditure budget of R 47 million Voted Support Staff Member of the Year for 2017
Bakos BrothersChief Financial Officer - Contract
Jan. 2014 - Dec. 2014Wynberg SandtonRecruited to provide a quick turn-around in financial control and reporting for the company with a turnover if > R 200 million and 2 local companies and 5 branches and 3 divisions. Key Achievements: Overhauled over 8 years if accounting problems that had not been attended to, resulting in the company receiving their first unqualified audit report for the 2014 year end.
Designed and implemented the budget process, templates, monitoring and reporting tools which had never been used by management previously.
Revitalised all aspects of business operations by effecting new processes, policies including designing all forms and facilitating training.
Moved company to monthly reporting timetable within 10 days of month end thereby improving cash collections and allowing the company to assess new opportunities. Restructured the Balance Sheet to meet ongoing bank requirements and successfully obtained a R 1.7 million refund from SARS for Vat overpaid.
Browns The Diamond StoreChief Financial Officer
Aug. 2012 - Jan. 2014RandburgOversaw the Financial Management for the company with a turnover of R 400 million, 4 local companies, 1 international subsidiary and 30 stores. Key achievements: Successfully managed the head office and cape budget of R 30 million
Part of project teams that enhanced the manufacturing ERP system, SAP as well as other ad hoc projects including full management reporting for various departments.
Sembel- ItFinancial Director
Jan. 2007 - Jul. 2012Wynberg
Primedia Content DivisionChief Financial Officer
Feb. 2006 - Dec. 2006Sandton
Airports Company South AfricaAssistant Group Executive Finance
Jul. 2001 - Jan. 2006Bedfordview
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