Financial Analyst - Finance Department - Gauteng

Introduction

Diplomat South Africa is looking for a dynamic and energetic individual to fill the role of Financial Analyst based in Johannesburg, Gauteng . The position will report to the Revenue Management Team Lead.

To support the Revenue Management Team Lead in meeting the core Finance Commercial Objectives which include Budgetary controls, Gross-to-Net, P&L analysis, Implementation of and compliance with effective internal controls, policies, and all related accounting procedures that ensure quality financial/commercial analysis and reporting, optimal trade spend management, effective business controls and sustainable profitable growth.

Duties & Responsibilities

Key Responsibilities

Cost and Revenue Management

• Ensure completeness and accuracy of Gross Profit and all its components: Sales, Trading Terms, Promotional spend, Cost of Goods Sold.

• Ensure prompt collection of outstanding Debts and processing of Trading term and promotional claims.

• Monitor and manage net sales to ensure they remain in line with budget.

• Perform ROI analysis of events, gathering insights and making recommendations for improvement.

• Understand, manage, and achieve the needs of internal and external customers.

• Completeness and accuracy of Cost of goods accounting including Import/Export analysis (Exchange rate, forex, insurance).

• Timeous and accurate loading of standard cost and list price per product from vendor and to trade.

• Automation and integration of data inputs/keys/drivers etc to enhance quality and efficiency.

• Monthly/Quarterly review of variances with key stakeholders identifying risks and opportunities with appropriate corrective actions.

• Assist Sales in the formulation of initiatives, marketing activities and customer drives whilst ensuring alignment with Finance.

• Collaborating closely with Commercial Teams to oversee and manage their monthly expenditures.

• Working with the Account teams to come up with action plans to improve topline, trade spending efficiency and profitability.

• Perform ad hoc financial feasibility studies on products and advise on profitability.

• Generating, analyzing, and distributing reports on SKU Gross Margin (GM), Net Revenue (NR), and marketing performance commentary to Commercial teams.

• Ensure Vendor contracts are abided by and effectively managed.

Processes and Controls

• Manage the implementation and maintenance of and compliance with effective internal controls, policies, and procedures in areas of responsibility.

• Compile and support the quarterly BPE and annual budget process.

• Ensure accurate preparation and posting of month-end journals.

• Ensure all month-end closing activities including control account reconciliation, integrities, and reconciliations are in place.

Learning and growth

• Share knowledge and insights within broader DSA and Group Finance.

• Work with Key Account and Trade Marketing Team on improving commercial process -Trade Terms, Promotional spend.

• Continual self-development and proactive initiation of company-led management training.

• Provide accurate financial information to the Commercial team as well as giving advice, guidance and support on all financial matters.

• Delivering training sessions to empower non-Finance teams in managing their financial activities and day-to-day operations.

Reporting

• Ensure all deadlines are met timeously and accurately.

• Ensure timeous and accurate completion of monthly and ad-hoc reporting.

• Implement/upgrade and maintain specific business analytics and reports on customers, channels, products etc.

• Forecasts and budgets (tracking actual performance against budgets and forecast)

• Variance analysis and analysis of financial performance - provide feedback on anomalies

Desired Experience & Qualification

Requirements

• Completed Bcom/BSc (Finance, Accounting, Analytics, Business, Marketing) degree, preferably with honours or certification from CIMA

• Minimum 3 years working experience working in a similar position within FMCG

• Knowledge of Revenue (including trading terms) and budgeting experience

• High level of Excel proficiency is required

• SAP experience an advantage.

• Own vehicle with a valid driver's license

• Willing to work extra hours and overtime as and when required.

• Requires good time management skills.

• Highly numerate with excellent analytical skills and attention to detail.

• Experience in a fast paced and pressurised environment.

• Effective communication skills at all levels within the organisation.

• Excellent Analytical and problem-solving skills.

• Strong qualities of integrity with the ability to keep confidential information.

• Fast starter / go getter attitude with high energy.

• ABC knowledge preferable.