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.
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