We are looking to recruit a Head of Finance: Clicks to work within the Clicks Retail Finance department of the Clicks Group. The role will be based at Clicks Head Office in Cape Town and will report to the Group Chief Financial Officer.
JOB PURPOSE
To implement and align the Finance Strategy and Controls Framework to ensure the achievement of Retail financial objectives (Retail is inclusive of Clicks South Africa, Clicks Africa, Sorbet, The Body Shop, UniHealth and Omni). To develop, manage and oversee the Retail financial sustainability and viability by aligning to the Group objectives and best practice.
JOB OBJECTIVES
Strategy and Policy Alignment
- Drive the implementation of the Function’s strategic vision, in collaboration with internal stakeholders, by developing the required key performance areas and metrics to enable and measure achievement of the Group’s strategic objectives.
- Review the Functional Strategy, in line with the overall Group Strategy, by ensuring formulated business solutions and approaches focus on delivering against set objectives.
- Manage Functional policy development, ensuring alignment to Group objectives, regulatory and/or compliance requirements, as well as industry best practice.
- Develop and align the Strategy and roadmap for the Retail Finance Function by formulating, implementing, monitoring and revising respective policies and procedures, ensuring the Function is enabled to support the Group in meeting and achieving its objectives.
- Develop and supervise Retail financial modelling providing strategic guidance and direction for planning, decision-making, and ensuring financial accountability.
- Ensure financial plans and operations are optimally aligned with other business units both within Retail and the Distribution businesses.
- Provide strategic financial advice, insight and analysis to the Business Unit Executives and Group Executives, including monthly, quarterly and annual financial reports incorporating appropriate analysis and recommendations.
- Advise and guide the Group CFO on budgetary and financial planning strategies, monitoring and revising the budget in line with changing demands and projected out-turns and giving input into data and analysis necessary for the preparation of integrated reports and annual financial statements.
- Work with Group finance on coordination of Retail monthly reporting, statutory reporting as well as financial planning to ensure Group targets in terms of timelines as well as financial targets are met.
- Develop and manage Retail budgetary requirements by reviewing, analysing and forecasting financial requirements through comprehensive engagements with Group Executives, ensuring appropriate finances are made available for the achievement of organisational objectives.
- Develop, manage and control all capital, operational and revenue budgets and oversee the annual budgeting and planning process to ensure financial targets are met together with financial and statutory regulation compliance.
- Develop budgetary financial forecasts and strategic financial plans to guide decision-making across the different business units within Retail, ensuring operational spend remains within the established parameters.
- Develop Financial Reports to internal and external stakeholders through the consolidation of financial activities on a weekly, monthly, quarterly and annual basis, ensuring a complete and current view of the business units financial position is maintained that is relevant for the different business unit executives.
Cash Flow Management
- Report through to the treasury function, providing accurate cash flow forecasts to enhance financial terms and operations.
- Develop and implement plans to ensure improvements in the working capital cycle where deficiencies or opportunities arise.
Financial Analysis and Performance
- Manage the preparation of financial analyses for employee contract negotiations to ensure the budget and affordability allows for fair and transparent remuneration practices, in line with Principle 14 of the King Code, to promote the achievement of strategic objectives and positive outcomes in the short, medium and long term.
- Analyse financial performance by identifying trends, variances and opportunities for improvement within the Function as well as in the broader Clicks Group.
- Manage adherence to the Group’s established budgetary requirements by reviewing and analysing each Business Unit’s adherence to their forecasted financial requirements.
Financial Reporting and Compliance
- Compile, submit and present the Retail Financial Strategy of the business units and position to relevant business unit executives and the Group Executive as required, to enable effective and informed decision making at executive level.
- Consolidate financial reports to enable and provide comprehensive insights and informed decision-making pertaining to the current and future financial state of the organisation.
- Develop Financial Reports to internal and external stakeholders through the consolidation of the business units financial activities on a weekly, monthly, quarterly and annual basis, ensuring a complete and current view of each business unit’s financial position is maintained.
- Ensure robust financial systems and controls are in place, reviewing processes and internal controls for continuous improvement.
- Ensure control deficiencies identified either internally, by Internal Audit or externally are addressed.
People Management
- Manage and supervise the Finance team by developing and implementing key performance metrics and targets that motivate and inspire growth within the team and encourage targeted delivery within the function.
- Coach, mentor and develop team members within the Function by providing professional and career advice to help individuals reach their full potential, whilst aligning their career aspirations with the growth initiatives of the Company.
- Engage in workforce planning initiatives for the Function, in collaboration with the HR Department, to forecast skills required to meet business demands and drive upskilling initiatives to ensure the team remains competent and fit for purpose within their roles.
- Foster a culture of collaboration, innovation, and accountability that focuses on building capability and enhances the business unit’s Transformation Roadmap to meet current and future business needs.
JOB RELATED KNOWLEDGE
- Knowledge of working on different accounting systems
- Knowledge of International Financial Reporting Standards (IFRS)
- Practical knowledge of budgeting
- Knowledge of statutory requirements
- Relevant knowledge of Companies Act
JOB RELATED SKILLS
- Computer literacy (Excel) and SAP
- Interpersonal skills
- High level verbal and written skills
JOB EXPERIENCE
- Minimum of 10-13 years’ experience in Accounting, Financial Management or a related field
- At least 3 years’ experience at a Senior Management/Executive level
EDUCATION
- Honour’s Degree (NQF 8) in Accounting, Finance, Financial Management or a related field
- Chartered Accountant (SA)
Additional Licensing and Certification
- Relevant professional certifications and/or membership with a Professional Association in South Africa
JOB RELATED COMPETENCIES
- Deciding and Initiating Action
- Leading and Supervising
- Analysing
- Formulating Strategies and Concepts
- Planning and Organising
- Delivering Results and Meeting Customer Expectations
- Achieving Personal Work Goals and Objectives
- Entrepreneurial and Commercial Thinking
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