Finance Manager

SUMMARY:
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POSITION INFO:

Overview:

The duties of this role include preparing and reviewing of monthly process with the finance team, as well as supporting both the finance team (with 3 direct reports) and the relevant GM of the 3 markets. The position reports into the Finance Executive, and is based in East London. 

Minimum requirements:

• Grade 12 / Matric
• Complete Bcom / equivalent Bachelor’s degree
• 5+ years’ experience in a Commercial experience
• Staff management experience

Responsibilities:

Financial Reporting and Analysis

• Review of Final tax calculation and submission
• To present and discuss all Corporate taxes with CFO
• Financial statements preparation - review
• Support finance teams with audit queries and completions

Financial Planning and Budgeting

• Review of Operational plan budget and 5 year plan to be prepared / maintained
• Review the monthly cashflow forecast
• Review the weekly / daily cashflow needs

Project Management and Support

• Supports and runs projects with the FM
• Perform internal audit on markets ensuring processes are followed and internal controls are sound

Training and Support

• Training in relevant accounting software
• Reviewing beneficiaries onto the banking platform
• Support food cost analyst

Other Duties

• Additional tasks / activities not listed, such as ad-hoc reporting or analysis.

Competencies:

Problem-solving and Analysis:

• Financial Performance Issues: Analysing and addressing underperformance, cost overruns, and revenue shortfalls.
• Cash Flow Management: Ensuring sufficient liquidity, optimizing cash flow, and mitigating risks.
• Operational Efficiency: Improving financial processes, reducing costs, and enhancing productivity.
• Compliance and Regulatory Adherence: Staying updated on financial regulations and ensuring compliance across all businesses.
• Strategic Financial Planning: Developing financial strategies aligned with business objectives, conducting financial modelling, and making data-driven decisions.

Judgement and Decision Making:

• Resource Allocation: Determining how to allocate financial resources across different business units or projects. This directly impacts the organization's growth, profitability, and risk profile.
• Cost Reduction Strategies: Identifying cost-saving measures without compromising operational efficiency or quality. These decisions impact profitability and cash flow.
• Financial Reporting and Analysis: Interpreting financial data and providing insights to management. These decisions influence strategic planning and operational improvements.

Innovation:

• Identify inefficiencies: Pinpoint areas where financial operations can be improved.
• Implement new technologies: Introduce software or tools to streamline processes and enhance accuracy.
• Develop financial models: Create advanced models for forecasting, budgeting, and risk assessment.
• Optimize financial processes: Redesign workflows to improve efficiency and effectiveness.