Finance Manager

SUMMARY:
Our client is a prominent retail organization operating in several African countries, offering affordable products to diverse customer bases across the region. The company provides quality and value, contributing to the growth and development of the markets it serves

POSITION INFO:
The Finance Manager will be responsible for ensuring the reliability of accounting practices and managing financial reporting across subsidiaries. The role also involves overseeing financial-related projects from start to finish, providing advice and support to management to help facilitate informed business decisions
Qualified CA(SA).
* 5+ years of experience in a finance environment, with at least 3 years in audit management.
* 3 years of leadership or management experience (preferred).
* Retail industry experience is a plus.
* Strong understanding of financial controls and governance.
* Knowledge of the business, industry trends, and key stakeholders.
* Experience with accounting for foreign currencies and consolidations is desirable.
* Advanced proficiency in MS Office, Google Suite, and financial systems.
* Willingness to travel across Africa on an ad-hoc basis.
* South African citizenship is required
* 3 Days a week in the office

PURPOSE OF THE POSITION:
The Finance Manager will be responsible for ensuring the reliability of accounting practices and managing financial reporting across subsidiaries. The role also involves overseeing financial-related projects from start to finish, providing advice and support to management to help facilitate informed business decisions.

KEY RESPONSIBILITIES
Contribution to Strategy:
* Provide input into and support the implementation of the finance strategy aligned with the company’s annual business goals.
* Oversee the communication and execution of action plans, including specifications, timelines, and budgets.
Team Management:
* Set clear, specific, and measurable objectives for the team, driving their performance and contribution.
* Motivate, inspire, and foster a positive team culture by recognizing and celebrating successes.

Management Accounts and Statutory Reporting:
* Manage critical financial processes, such as CEO and executive reports, new accounting standards, annual budgets, quarterly forecasts, and annual audits.
* Handle various business reports including store income statements, financial reports for executive committees, and more.
Treasury Management:
* Oversee all banking relationships, systems, and payments for the company.
* Manage store deposits and card transactions across all African countries.
Stock and Gross Profits:
* Ensure the accurate recording and analysis of inventory, covering various product categories and monitoring effective gross profit margins.
* Review and reconcile inventory import/export entries.

Compliance Management:
* Ensure compliance with South African Reserve Bank regulations and relevant laws (e.g., VAT acts) related to imports and exports.
* Work with country financial managers to ensure compliance with local regulations across African countries.
Policies and Procedures:
* Maintain standardized treasury policies, including cash balance management, counterparty risk, and repatriation priorities.
Tax Management:
* Oversee the timely submission and payment of tax returns, including VAT, PAYE, and corporate tax.
* Ensure accurate accounting and reporting of tax in accordance with IFRS or local GAAP.
Ad-Hoc Tasks and Projects:
* Assist in various ad-hoc tasks and involvement in financial projects as required.