Financial Manager

Overview:

The duties of this role include preparing and reviewing the monthly process with the finance team. Supporting both the finance
The team and the GM of the market.

Minimum Requirements:

• Grade 12 / Matric
• Degree in financial accounting
• 5+ years’ experience as an Accountant in a commercial environment
• Computer literate - Advanced Excel

Key Responsibilities:

1. 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

2. 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

3. 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

4. Training and Support

• Training in Acumatica
• Reviewing beneficiaries on the banking platform
• Support food cost analyst
• Support finance teams on day-to-day functions.
  

5. Other Duties

• This category includes miscellaneous tasks not explicitly listed, such as ad-hoc reporting or analysis.

Communication :

• Works closely with the Finance Executive and Market accountants
• Interacts with GM and Accountants on all finance-related queries
• Provides and supports all processes within the finance team

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.