Financial Manager (Temp)

Introduction

We are recruiting for a TEMP Financial Manager (3-month FTC)

Role is based in Elandsfontein

WE ARE LOOKING FOR A PLUG AND PLAY CANDIDATE - MEANING YOU ARE ABLE TO WALK IN AND DO THE JOB.  100% COMPETENT IN EXECUTING THE REQUIRED TASKS.

PURPOSE

To lead and be accountable for the 2 company Franchise finance function, ensuring sound financial management, statutory compliance, reliable financial reporting, effective financial controls and strategic financial planning. The role is hands-on and accountable for reliable financial reporting, month-end close, balance-sheet integrity, cash and working-capital control, financial risk management and decision support to Co Management and the Group CFO. To lead the finance function, ensuring sound financial management, statutory compliance, and strategic financial planning that supports the company’s sales and distribution operations. The role focuses on optimizing profitability, managing financial risk, ensuring liquidity, and providing strategic decision support to the Franchise Management Team and the Group Company Executive Team (CFO).

KEY PERFORMANCE AREAS

•           Financial Strategy, Planning and Budgeting

•           Cost Management & Profitability Analysis

•           Management Reporting, Month-End Close & Decision Support Management Reporting & Decision Support

•           Cash, Liquidity and Working-Capital Management

•           Balance-Sheet Integrity, Financial Controls, Risk and Compliance Corporate Governance, Risk & Compliance Management

•           Stakeholder Management

•           People Management when applicable

•           Franchise Store Managers financial support and guidance

•           Franchise division financial reporting

Duties & Responsibilities

FINANCIAL STRATEGY, PLANNING & BUDGETING

To develop and implement both the company Franchise financial strategy, ensuring alignment with corporate objectives and sustainable business growth.

Lead the planning, budgeting, and forecasting process, ensuring financial resources are optimally allocated to support the company business objectives in compliance with South African market and regulatory requirements.

•           Manage the preparation of the annual budget, rolling forecasts and longer-term financial plans.

•           Analyse financial trends and projections and advise company Management and the Group CFO on financial implications and options.

•           Monitor expenditure against approved budgets and ensure use of resources is effective, efficient, economical and transparent.

•           Ensure budgets and forecasts are prepared in accordance with agreed company guidelines and deadlines.

•           Prepare and present monthly and quarterly financial reporting for management and board reports

•           Manage and implement financial related strategies and operational and business plans to contribute to the achievement of the overall business strategy.

•           Manage and contribute to the preparation of the franchise annual financial budget.

•           Ensure the effective, efficient, economical and transparent use of financial and other resources.

•           Monitor expenditure against budget and ensure spending occurs within budgetary limits.

•           Ensure budget monitoring in line with the Group financial guidelines.

•           Maintain the financial health of Franchise.

•           Develop trends and projections for Franchise.

•           Approve and monitor rolling forecasts to reflect market and operational realities.

•           Provide strategic financial advice to the Franchise management team.

•           Strategy developed and implemented successfully.

•           Budget and forecasts submitted by agreed deadlines.

•           Budget prepared and implemented as per agreed timeframes.

•           Budget variances are analysed, explained and actioned within agreed reporting deadlines.

Budget variance maintained within agreed limits (e.g., ≤ 5%).

•           Forecast accuracy meets the management-agreed target Forecast accuracy percentage (target ≥ 90%).

•           Achievement of targeted revenue and profitability growth.

COST MANAGEMENT & PROFITABILITY ANALYSIS

To maximise profitability through cost efficiency, pricing optimisation, and value-adding financial insights.

Manage cost performance and profitability through analysis, control and practical recommendations. Analyse and manage costs; provide profitability analysis by product, customer, and region; and recommend strategies to improve margins.

•           Analyse profitability by product, customer, store/branch , including pricing, sales, gross margin and operating costs.

•           Analyse total profitability i.e. costs, pricing, variable contributions, sales results and the company’s actual performance compared to targets set

•           Conduct profitability analysis by product/service line.

•           Develop cost-monitoring frameworks.

•           Oversee cost accounting, inventory costing and variance analysis, including the accuracy of product cost roll-ups in the ERP system.

•           Oversee cost accounting processes and variance analysis.

•           Identify and monitor cost-saving and margin-improvement initiatives, without compromising quality or control Approve product costing methodologies and updates.

•           Conduct profitability reviews and recommend pricing adjustments.

•           Identify and implement cost-saving initiatives without compromising quality.

•           Monthly margin and profitability analysis completed and communicated on time.

•           All elements of total profitability analysed, and outcomes presented/reported in a timely manner.

•           Gross margin percentage vs. target.

•           Operating expense ratio vs. target.

•           Annual cost savings achieved (ZAR value).

•           Cost and margin initiatives are agreed, have targets and measured outcomes

•           Reduction in cost overruns and wastage.

MANAGEMENT REPORTING, DECISION SUPPORT & CI

Deliver accurate and timely financial reporting and maintain ownership of the 2 Franchise month-end close, board reports and business performance analyses.

To provide accurate, timely, and insightful financial and operational reports for effective decision-making.

Deliver high-quality management accounts, board reports, and business performance analyses that integrate financial and operational metrics.

•           Own the month-end close calendar and prepare and review monthly management accounts, dashboards, flash reports, forecasts and annual/quarterly financial information.

•           Provide financial reports and interpret financial information for managerial staff while recommending further courses of action.

•           Prepare and review monthly management accounts, weekly dash, flash, forecasts and annual/quarterly financial information

Manage the dash, flash, month end and forecast reporting process and continuously enhance and improve.

•           Analyse actual performance against budget and forecast and provide clear explanations and recommendations to management.

•           Ensure that management account data are accurately presented in the relevant financial systems.

•           Prepare monthly, quarterly, and annual financial statements.

•           Coordinate & Review relevant monthly Balance sheet reconciliations

•           Drive management involvement to optimise organisational assets and empower them to make the right decisions.

•           Explore opportunities to reduce costs and grow income.

•           Identify and implement cost-saving opportunities.

•           Implement technology/tools to improve cost efficiency

•           Provide strategic recommendations based on financial data.

•           Benchmark financial performance against industry standards.

•           Conduct cost-benefit analysis on major expenses.

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