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Store Finance Manager

Mass Warehouse • Other • Cape Town, Western Cape, Oos-Kaap, South Africa • $200 - $300 / year • 1d ago

Job Description

To manage the overall financial function of a store.

Key Performance Indicators

Control, manage and evaluate the full finance support function, including policies and procedures, for the store

Understand all systems that relate and affect the stores, identifying potential opportunities to enhance current systems and procedures and raising these with the Regional Finance Manager (Operations)
Drive the change management and education of finance policies, procedures, processes, and templates
Ensure controls are adequate and suggest additional controls where necessary, ensuring compliance with legislation and industry standards, and the effective implementation and understanding of key controls of a process throughout the store
Manage and mitigate complexity in the business in order to trade
Monitor and track adherence to the various finance policies, procedures, processes, and templates
Ensure full reconciliation of all income statement and balance sheet accounts, ensuring the accounting records are accurate and complete.
Produce detailed reporting on all financial aspects of the businesses to enable tracking of progress
Guiding and support all aspects of store in financial decision making
Investigate ways to improve profitability
Manage Front End within budget and company requirements.
Facilitate good corporate governance

Consolidate and interpret allocated Store budgets, forecasts, and actual performance

End to end support of the budget process
Meet all timelines and have realistic and achievable budgets
Analyse overall store actual performance compared to budget and/or forecast
Compile financial forecasts and continuously revise and track the forecasts
Compile monthly reports of actuals vs Budget and/or forecast

Team Management

Ensure that all staff members in area of responsibility are duly trained and enabled to perform according to the required standards for customer service
Ensure that team members are customer-focused and provide guidance, support, or advice in situations where required
Communication of team goals to employees.
Through effective inspirational leadership, facilitate the creation of accountable, full-service teams who understand and strive to meet the needs of all stakeholders
Role model behaviour and motivate team members in line with the Makro Way
Take full responsibility for performance of all direct reports, motivating and managing them in relation to quality standards and agreed benchmarks and objectives, focusing on all aspects of sound people management:
- Recruitment
- Development
- Remuneration and Reward
- Performance Facilitation
- On-the-job training, coaching & mentoring

Front End, Stock Management (stock control and Receiving)

Manage costs and customer service
Monitor and review inventory management in store.

Stakeholder Engagement

Maintain continuity between Head Office, DC and Stores work teams by documenting and communicating actions, irregularities, and continuing needs.
Actively build relationships and network line management (including internal and external stakeholders) to gain a thorough understanding of operational impacts on the business through communicating appropriately and proactively providing solutions to address business needs relating to finance.
Work to align store objectives with business objectives and strategy.
Identify existing or potential problem areas and advise management team on how they can use Finance processes to make improvements

Minimum Academic, Professional Qualifications & Experience required for this position

Bcom Degree
3-5 years relevant operational financial management experience in the retail/FMCG industries
Evaluating problems
Building Relationships
Communicating Information
Structuring Tasks

Leadership

Critical Judgement and Decision making
Build a customer-focused environment
Business Acumen
Business owner mentality
Grit
Finance and Accounting
Numerical reasoning
Analysis and judgement
The position requires trust and honesty and that entails the handling of cash and/or finances, which includes but is not limited to, the handling, administering, processing and

Package & Remuneration

Market Related

Disclaimer

Please be advised that should you not hear from us within 14 days please consider your application unsuccessful.

Please take note that by responding to this application and providing your personal information, you confirm your express and informed consent for Massmart Holdings Limited and all its subsidiaries and all affiliated companies (“Massmart”), to process your personal information in order for Massmart to consider your application for this position.

All Personal Information which you provide to the Company will be used and/or retained only for the purposes for which it is collected, where after it will be permanently destroyed. Your information is only retained if it is required by law or where you have given consent to us to retain such information for an extended period. To read more about our privacy policy and how we process your information, please visit

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