Rentoza: Chief Financial Officer in Sandton

Recruiter/Employer:
Rentoza is a pioneering South African company leading the charge in revolutionizing e-commerce. Founded in 2017, Rentoza has quickly become a prominent player in the consumer services industry, boasting a team of 51-200 employees dedicated to providing innovative subscription services for digital goods and appliances. With headquarters located in Rosebank, Gauteng, Rentoza operates with a mission to democratize and dematerialize ownership of technology devices and appliances for all African consumers. The company’s subscription model focuses on providing access, affordability, and flexibility to customers while maintaining a distinct separation from finance and credit consumer propositions.

Rentoza is a forward-thinking company that has set its sights on reshaping the landscape of e-commerce in South Africa and beyond. Founded in 2017, Rentoza has rapidly emerged as a significant player in the consumer services industry, driven by its innovative approach to providing subscription services for digital goods and appliances. The company operates with a clear vision: to democratize and dematerialize ownership of technology devices and appliances, making them accessible to all consumers across Africa.

Located in Rosebank, Gauteng, Rentoza has established itself as a dynamic and agile organization, comprising a team of 51-200 dedicated professionals. Unlike traditional e-commerce models, Rentoza’s subscription-based approach focuses on providing customers with unparalleled access, affordability, and flexibility while steering clear of finance and credit consumer propositions. This unique positioning sets Rentoza apart in the market, catering to the evolving needs and preferences of modern consumers.

Rentoza’s commitment to innovation is evident in its emphasis on leveraging technology to drive its business model. By embracing digital platforms and cutting-edge solutions, the company strives to enhance the overall customer experience and stay ahead of the curve in a rapidly evolving industry. Moreover, Rentoza’s dedication to customer service and satisfaction underscores its customer-centric approach, ensuring that each interaction leaves a lasting positive impression.

In line with its mission, Rentoza places a strong emphasis on inclusivity and accessibility. By offering a range of subscription services for digital goods and appliances, the company seeks to empower individuals from all walks of life, regardless of their financial circumstances. This commitment to inclusivity extends beyond its product offerings to its internal culture, where diversity and collaboration are celebrated.

As Rentoza continues to expand its reach and influence, it remains firmly committed to its core values of assertive collaboration, radical transparency, honesty, growth mindset, and customer connection. Through strategic partnerships, continuous innovation, and a relentless focus on customer satisfaction, Rentoza is poised to lead the charge in transforming the e-commerce landscape, not only in South Africa but throughout the African continent and beyond.

Job Positions/Locations/Ref Numbers:
Position: Chief Financial Officer
Location: Johannesburg, Gauteng, South Africa
Ref Number: CFO-RZ2024

The role of a Chief Financial Officer (CFO) is crucial in any organization, serving as a strategic partner to the CEO and executive leadership team while overseeing the financial health and direction of the company. As the top financial executive, the CFO plays a pivotal role in shaping the company’s financial strategy, driving growth, maximizing profitability, and ensuring regulatory compliance. Here’s a deeper dive into the profession in general:

1. Financial Strategy and Planning: One of the primary responsibilities of the CFO is to develop and execute the company’s financial strategy. This involves assessing the organization’s financial position, identifying opportunities for growth and investment, and mitigating financial risks. The CFO works closely with other members of the executive team to align financial goals with overall business objectives.
2. Financial Reporting and Analysis: The CFO oversees financial reporting processes, ensuring accuracy, transparency, and compliance with regulatory requirements. They analyze financial data to provide insights into the company’s performance, identify areas for improvement, and make informed strategic decisions. This includes preparing financial statements, forecasts, and budgets.
3. Capital Management and Funding: Managing the company’s capital structure is another key aspect of the CFO’s role. This involves determining the optimal mix of debt and equity financing to support the organization’s growth initiatives while minimizing costs and risks. The CFO also oversees capital allocation decisions, including investments, mergers and acquisitions, and dividend payouts.
4. Risk Management: CFOs are responsible for identifying and managing financial risks that could impact the company’s operations and performance. This includes assessing market risks, credit risks, operational risks, and compliance risks. By implementing effective risk management strategies, CFOs help safeguard the company’s assets and reputation.
5. Corporate Governance and Compliance: Ensuring compliance with financial regulations and corporate governance standards is a critical function of the CFO. They work closely with legal and regulatory teams to stay abreast of relevant laws and regulations, implement internal controls and procedures, and maintain ethical standards in financial reporting and disclosure.
6. Investor Relations and Stakeholder Communication: CFOs serve as the primary liaison between the company and its investors, analysts, and other stakeholders. They communicate financial performance, business strategies, and growth prospects to shareholders through earnings calls, investor presentations, and regulatory filings. CFOs also play a key role in managing relationships with banks, creditors, and other financial partners.
7. Leadership and Team Management: As a member of the executive leadership team, CFOs provide strategic guidance and leadership to the finance department and other cross-functional teams. They recruit, develop, and mentor finance professionals, fostering a culture of collaboration, innovation, and excellence.

The CFO role is multifaceted and requires a combination of financial expertise, strategic thinking, leadership skills, and interpersonal abilities. CFOs play a critical role in driving business success by effectively managing financial resources, mitigating risks, and creating long-term value for shareholders and stakeholders.

Benefits:

• Competitive salary commensurate with experience and qualifications
• Free Friday lunches
• Monthly socials
• 100% medical aid coverage through Discovery for permanent staff
• Provident Fund for permanent staff
• Paid annual leave
• Employee Health and Wellness Assistance
• Learning and Development opportunities
• Mentorship programme
• Community initiatives
• Access to cutting edge technology
• Hybrid workplace type (after probationary period, if applicable)

Eligibility:

• Bachelor’s Degree in Accounting or Finance or related field is required
• CA (SA) and/or MBA preferred
• Experience in technology-driven business models, scaling medium-sized businesses into large enterprises, including selling to consumers through online and physical retail channels
• Experience in multinational operations and sales, ideally in emerging markets such as Africa and Asia
• Minimum of 2 years of oversight responsibility for all finance functions within the scope of the role, including financial planning & analysis and cost accounting
• Prior experience as the CFO of a company with at least R100 million of annual revenue, or in a divisional CFO role of a similar sized business, together with the required industry and functional experiences outlined above
• Outstanding knowledge and understanding of IFRS; ESOP experience is a plus

Requirements:
Interested candidates are required to submit the following documents:

• Curriculum Vitae (CV)
• Cover letter outlining relevant experience and qualifications
• Educational certificates and transcripts
• Professional certifications (if applicable)

How to Apply:
To apply for the Chief Financial Officer position at Rentoza, please send your application documents to LinkedIn with the subject line “CFO Application – [Your Name]”.

Closing Date:
The deadline for application submission is not available.

Official Contact:
For more information about Rentoza and the Chief Financial Officer position, please visit our website at http://www.rentoza.co.za or contact us via phone at +27 64 283 8446 or email at info@rentoza.co.za.