Summary
Overview
Work History
Education
Skills
Timeline
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Rishaad Gany

Rishaad Gany

Chief Financial Officer
Durban

Summary

FINANCIAL MANAGER Profile Innovative and driven Chartered Account with over 20 years of experience in Finance and Auditing who has proven capabilities in leading the financial operations of a large multinational company, while keeping a firm lens on future trends and ideas.

Overview

20
20
years of professional experience

Work History

GROUP CFO

THE KAMDAR GROUP
07.2021 - Current
  • PR ES ENT
  • My vision is to take the company into the 4th Industrial Revolution by implementing and integrating all financial and operational financial and operational activities of the Group
  • Leading and directing the Group restructuring (Merging all entities into one entity) to make it more efficient, attain greater sustainability and create a strong base for growth
  • Investment in digital technology will be vital in managing complexity and driving productivity
  • In managing, analyzing, and presenting data in a way that yields the greatest value for the business, assisting it to make more effective and timeous decisions
  • Coaching, mentoring, and leadership development a big priority through all levels of the finance and operational activities.
  • Led projects and analyzed data to identify opportunities for improvement.
  • Created plans and communicated deadlines to complete projects on time.

General and Financial Manager

ALLSOME BRANDS (J/V Between Louis Dreyfus and The Willowton Group)
DURBAN
10.2019 - 06.2021

Through my stewardship, the company went from being in an accumulated loss position to achieving a significant profit situation in 7 months

  • Working as both General and Financial Manager and with the support of Shareholders and staff, the company was successfully directed through many operational challenges, including the COVID-19 pandemic, to become an even more profitable and stronger company
  • This was accomplished through the implementation of better communication between procurement, treasury and sales, a more robust inventory management system, margin analyses, a personable and empathetic approach to mentoring staff and an insightful and accurate Cash Flow forecasting method
  • A few of Rishaad's primary responsibilities included but were not limited to:
  • Working Capital Management for Accounts receivable, foreign and local creditors as well as inventory,
  • Maintaining and managing relationships with foreign customers in Namibia and Zambia
  • Inventory Management
  • Creation of accurate Cash flow forecasts
  • Collaborating with key stakeholders to create strategies that work to minimize financial risk
  • The creation of various analytical reports about the sustainability of the company which was sent to key Shareholders and Directors in order to assist high level decision making.
  • Created analytical framework for identifying and developing financial growth opportunities.

Financial Specialist

The Willowton Group
Pietermaritzburg
04.2016 - 08.2019
  • Rishaad had a vast and flexible role within The Willowton Group wherein he participated in various levels of the financial ecosystem of the company and greatly improved the financial and operational capabilities within the Group
  • Rishaad identified and was passionate about the need for the Group to implement a new ERP system
  • Thereafter, he was a crucial member of the Transformation Committee whose aim was to assist in The Willowton Group in their evolution
  • Authorization of all goods returned, allowances – Developing new and improved methods to ensure the validity and accuracy of all allowances (claims, discounts, rebates etc) to ensure efficient and timeous resolution of customer claims and queries as per credit applications from customers
  • Rishaad spearheaded and drove the implementation of a new BEE plan and training for all subsidiaries within The Willowton Group
  • This involved an intensive period of stakeholder management and training development, led by Rishaad, ensued which eventually lead to the award of BEE Level 1 for the Group and subsidiaries
  • This greatly enhanced the Group's standing and attract new customers
  • Some of Rishaad's other important projects include leading an initiative that required him to engage with ITAC which involved a large amount of data across the Group and consolidate this information as part of the process.

Financial Manager

Sealake Industries
Pietermaritzburg
03.2008 - 02.2016
  • Rishaad was the Lead of the Financial team and worked closely with the CEO
  • He was responsible for the financial health of the organization by producing in depth Financial reports, Financial strategies, and implementation of financial controls, robust cost analysis and efficient Inventory management
  • A few of Rashaad’s major achievements include:
  • Overhauled the entire ordering, receiving, stock taking, creditors’ recon and payment process
  • Contributed greatly to the digitization of the Company such as leading the rework of the Company Server and implemented new networking capabilities in the factories to ensure that all facilities are connected to the server as well as developed the Company's first website
  • Introduced into the company high level Selling Price vs Cost Price Analyses to ensure profitability, monthly cost analyses, complex calculations of refining and other manufacturing processes to ensure synergy of benefits are achieved.
  • Generated revenue and reduced costs by recommending innovative alternatives.

Financial Manager Superintendent

Samancor Limited
Johannesburg
07.2007 - 02.2008
  • Rishaad was responsible for the preparation of consolidated management accounts for Group reporting, obtaining Management packs from all the mines, thereafter
  • Reviewing packs and obtaining explanations for variances, extra-ordinary items and conclude on accuracy of pack for reporting purposes,
  • Consolidate and pass pro-forma journal entries, and draft summary of performance for group consolidated results.
  • Collaborated with team members to achieve target results.

Client Service Executive

Ernst & Young
Johannesburg
01.2006 - 06.2007
  • Rishaad lead and was a member of various Audit engagements at various companies across South Africa such as Transnet, Telkom, Trans-union, Bloomberg, and Intuit Real Estate to name a few.

Transfer pricing Implementer

Grindrod Limited
Durban
06.2005 - 09.2005
  • Rishaad took on a contract job in an industry that appealed to him
  • Some of his responsibilities included, identifying transfer pricing issue, formulating a transfer pricing policy, involved in group restructuring, budget and forecasts tax forecasts and preparation of tax returns.

Audit Senior

Ernst & Young
Atlanta
01.2005 - 04.2005
  • Three months secondment in the U.S where he worked on various Audit engagements.

Trainee Accountant/Audit Senior/Supervisor

Grant Thornton
Durban
04.2001 - 01.2005
  • Rishaad worked on various Audit engagement in a variety of industries.
  • Gained knowledge of accounting principles and standards and general business practices to evaluate financial data and transactions.
  • Fulfilled senior-level responsibilities to embrace business values.

Education

Matriculated, Al-Falaah College

Bachelor of Commerce - undefined

University of Natal

Honours - Accounting

University of Natal

Advanced Certificate in Auditing - undefined

QE 1 (SAICA - undefined

PPE (IRBA) - undefined

IFRS DUNDAMENTALS COURSE - undefined

Introduction to Data Analytics for Business - undefined

University of Colorado

Skills

Microsoft PowerPointundefined

Timeline

GROUP CFO

THE KAMDAR GROUP
07.2021 - Current

General and Financial Manager

ALLSOME BRANDS (J/V Between Louis Dreyfus and The Willowton Group)
10.2019 - 06.2021

Financial Specialist

The Willowton Group
04.2016 - 08.2019

Financial Manager

Sealake Industries
03.2008 - 02.2016

Financial Manager Superintendent

Samancor Limited
07.2007 - 02.2008

Client Service Executive

Ernst & Young
01.2006 - 06.2007

Transfer pricing Implementer

Grindrod Limited
06.2005 - 09.2005

Audit Senior

Ernst & Young
01.2005 - 04.2005

Trainee Accountant/Audit Senior/Supervisor

Grant Thornton
04.2001 - 01.2005

Matriculated, Al-Falaah College

Bachelor of Commerce - undefined

University of Natal

Honours - Accounting

University of Natal

Advanced Certificate in Auditing - undefined

QE 1 (SAICA - undefined

PPE (IRBA) - undefined

IFRS DUNDAMENTALS COURSE - undefined

Introduction to Data Analytics for Business - undefined

University of Colorado
Rishaad GanyChief Financial Officer