Gerrie Olivier

Experience

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  Deloitte

  Jan 1998 - Dec 2001

  Audit Manager

  I was responsible for the management of the audit. This entails that I plan the audit, review work performed and most important of all establish and maintain client relations.My Clients included:Imperial – TransportOasis Computer SystemsLithotech Labels -Manufacture labelsDivpac( Nampak) - Manufacturer of tin cans.Union Carbide(EMSA) - Manufacturer of Graphite ElectrodesCircuit Brake Industries part of the Reunet GroupMcCarthy Motors Holdings – Forsdick BMWJohnnic PropertiesPrimedia MusicRRS Computer Systems (Part of Dimension Data) Show less

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  Safintra Roofing

  Jan 2002 - Jun 2002

  Group Financial Manager

  The setting of individual and group budgets;Documenting and implementing internal controls;Compiling and distribution of quarterly group results;Reviewing the individual operations actual v budgeted performance;Reviewing all GL reconciliation’s;Reviewing individual companies monthly accounts;Liaisons with the financial institution in respect of funding requirements;Updating statutory documents;Consolidated results, accruals v budgeted and reporting results to the board of directors and shareholders;Calculation and payment of annual and performance bonusesAuthorizing all payments;Reviewing of the fixed asset registers and recons to GL;Managing day-to-day groups’ cash flow;Reviewing debtors, creditors and inventory levels; andPlanning year-end audit. Show less

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  First National Bank

  Jun 2002 - Jun 2004

  Financial Manager

  The setting of individual and group budgets;Creation and distribution of monthly management account to more than 300 bank branches;Compiling and distribution of monthly results(351);Reviewing the individual operations actual v budgeted performance;Monthly financial review meetings with each provincial Exco explaining all cost and income anomalies;Reviewing all GL reconciliation’s;Setting of annual and Long range plan ( 5 year budget forecast);Consolidated results, actual vs budgeted and reporting results to the board of directors and shareholders;Planning year-end audit;Implementation of audit recommendations;Review and management of the internal Service level agreement (SLA) between Branch banking and the product houses;Design and implementation of sales force commission system for more than 1500 sales staff and agents. Show less

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  Bic South Africa

  Jan 2004 - Apr 2008

  Reporting:•Overseeing the financial reporting and analysis of forecasted and historical financial information;•Compiling and distribution of monthly group results in HFM;•Reviewing individual companies monthly accounts;•Consolidated results, accruals vs. budgets and reporting results to the Board of Directors and shareholders.Budgeting Process:•Presenting annual budgets for Consumer and Manufacturing to MEA Head Office in Paris, France; •Strategic planning and effectively managing of the budgeting processes, ensuring that budgets are properly prepared, implemented, adhered to and take responsibility for the status of all budgets;•Setting of LRP plan to ensure global forecast will be achieved.Auditors:•Maintain good relations with internal and external auditors;•Planning year-end audits for South Africa, Mozambique, Malawi and Zambia.BEE:•Implementation and maintenance of systems to obtain annual BEE rating and presenting options to obtain a better BEE rating.Support Functions:•Managing the HR, IT and Finance teams in South Africa; •(32 employees), Mozambique (2) , Malawi (1) and Zambia(1)Manufacturing:•Review of BOM’s;•Identifying cost savings within the manufacturing process;•Managing monthly stock takes;•Approval of the acquisition of all new machinery based on ROCE and payback periods;•Motivating new machinery acquisition to HQ;•Implementation of a variance analysis system;•Review of monthly production variances (value and volume) based on standard costing;•Budgets for manufacturing volumes based on sales budgets.Achievements:•Identifying and implementing the automation of a manufacturing process resulting in a R5.1 million (15cpu X 34 million units) saving;•Turned subsidiaries from loss making entities to profit centres;•Managing pension fund through a Section 14 process;•Aligning South Africa to international reporting standards. Show less

  • Chief Financial Officer

    Jul 2004 - Apr 2008

  • CFO Bic South Africa

    Jan 2004 - Jan 2008
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  Sea Kay Holdings (Pty) Ltd

  May 2008 - Sept 2010

  Group Financial Director

  Acquisitions:• Design of a business case study and presentation of recommendation for all potential acquisitions to the Board;• Managing the negotiation process;• Review of all legal documentation;• Managing newly acquired businesses integration process into the Sea Kay Group.Reporting:• Managing and reviewing the monthly management accounting process for the Group;• Distribution of monthly Group management accounts;• Preparation of the Annual Financial Statements using Caseware.Treasury:• Managing Groups’ day-to-day cash flow;• Obtaining the best unsecured guarantee facilities for the Group; • Construction guarantee requirements;• Liaisons with the financial institution in respect of working capital and long term funding requirements;• Yield X – issue of unsecured bonds on the Yield X;• Review of cash flow projections for each construction contract;• Approval of all construction bids before submission;• Obtaining the best FOREX facility with financial institutions; and Capex, • ROCE- Approval for all capital expenditure items.Accounting Process:• Authorizing all qualifying payments (local and abroad);• Ensure adherence to all the IFRS and IAS requirements for the group;• Reviewing debtors, creditors and inventory levels; • Review of all tax computations and provisional payments to SARS;• Review construction contracts and minimization of WIP. Investor Relationship Management:• Liaison with existing and potential new investors;• Administer the Sens announcements process and;• Coordinate all investor open days and launches.Achievements:• Won the Business Day 2008 award for the best Non-Top 100 listed Entity’s year-end and interim financial statements;• Implemented all the HR policies and procedure;• Implemented the monthly management accounting process. Show less

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  Fraser Alexander

  Jan 2010 - Apr 2012

  Financial Director Mineral Processing
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  Johnson Crane Hire ( Pty) Ltd

  May 2012 - Apr 2016

  Group CFO

  Legal:•Review and approval of all tender documents;•Attorney liaison in respect of updating our general terms and conditions;•Coordination of legal proceedings with Attorneys in respect of recovery and resolution of legal action against client (Murray & Roberts).Reporting:Managing and reviewing the monthly management accounting process for the Group;•Distribution of monthly Group management accounts;•Preparation of the Annual Financial Statements. Treasury:•Managing Groups’ day-to-day cash flow;•Review of cash flow projections for each branch;•Obtaining the best FOREX facility with financial institutions and;•Obtaining facilities for Capex expenditure R550 mil Capex expansion program at prime less 1%;•Obtain Medium Term loan for working Capital requirements (R180 mil at prime).Capex:•ROCE- Approval for all capital expenditure items over R500 000;•Managing the import of mobile cranes from Japan and Germany;•Managing the export of old cranes sold abroad.Audit:•Planning year-end and interim external audits;•Planning and review of internal audit process; •Maintain good relations with internal and external auditors.Accounting Process:•Authorizing all qualifying payments (local and abroad);•Ensure adherence to all the IFRS and IAS requirements for the Group;•Reviewing debtors, creditors and inventory levels; •Review of all tax computations and provisional payments to SARS;Support Functions:•Managing IT and Finance teams;Achievements:•Successful implementation of a BEE structure incorporating a BEE Trust;•Registration of four new MOI’s within the Group to facilitate the BEE transaction;•Sourcing funding for our Capex program of R515 mil at prime less 1% (Metal ,Future Growth, Sanlam, Nedbank);•Obtaining a medium-term loan of R180 mil at Prime;•Successful implementation of a new financial system (NAV) including a management review system (Jet reporting);• Successful implementation of a new payroll system for wages and salaries (Accys) Show less

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  Pilot Crushtec International

  May 2016 - now

  Group CFO

  Achievements and responsibilities: • Creation of monthly Management Reporting to the shareholder and Bank;• Managing and reviewing the monthly management accounting process for the Group;• Distribution of monthly Group management accounts to the Managing Director, shareholder, management team and Bank;• Calculation and approval of the monthly sales commissions;• Review and approval of the Annual Financial Statements; • Managing Groups’ day-to-day cash flow;• Obtaining the best FOREX facility with financial institutions;• Restructuring of the current banking facility to ensure more favorable covenant ratios;• Obtaining a floorplan banking facility of R40 mil;• Planning year-end and interim external audits;• Planning and review of internal audit process; • Authorizing all qualifying payments (local and abroad);• Ensure adherence to all the IFRS and IAS requirements for the Group;• Review of all tax computations and provisional payments to South African Revenue Authorities;• Review and approval of all legal documents, agreements and credit applications;• Attorney liaison in respect of updating general terms and conditions and resolution of legal action against clients;• Review and approve new banking facility legal agreements;• Approval of new client credit applications;• Annual approval of all bad debt write off;• Review debtors’ book on a monthly basis;• Approve/Decline supply to customers on hold;• Review of client’s financial statements for approval of Hire purchase agreements;• Managing the IT, HR, Production, Procurement and Finance departments.ACHIEVEMENTS:• Successful restructuring of a R170 mil banking facility with Investec Bank;• Successful outsourcing of the IT function;• Obtaining a floor plan funding option via Reichmans Capital and Merchant West for R40 mil;• Black Economic Empowerment (BEE) – started the implementation of the new proposed BEE structure for the Group. Show less