Job Description
About the Role
The Finance Manager is responsible for working closely with Head of Businesses in maximising profit, cost control, driving KPIs and ensuring optimum working capital for smooth running of the business. The role involves controlling accounting principles & entries, creating financial statements, making system reconciliations (SAP/Financial models), managing relations with internal/external audit & group finance, and reporting monthly standard reports to group and retail finance.
Key Responsibilities
- Financial Controlling
- Financial Asset Management to maximize returns
- Balance sheet review with controlling team
- Vendor Management
- Tax returns and compliance
- Intercompany and Intra Company management
- Managing working Capital and Full control over cash flow
- Risk Management Assessing operations and observed the financial risk
- Insurance policies renewals and updates
- Giving guidance on financial decision by monitoring policies and procedures
- MM module Landed Factors control
- Capex Management for new stores and refurbishment
- Impairment assessment with Central Finance team
- Reporting and Budgeting
- Full involvement in the Budget & Strat Plan process land supporting head of business in planning targets
- Preparing Balance sheet and cash flow
- Controlling BPC and SAP upload and reconciliations
- Managing balance sheet exposures and Write offs
- Audits and SOPs
- Point of contact for internal and external audit
- Coordinating with group Internal Audit
- Coordinating external audits for the brand
- Conducting timely audits by internal resource to check and ensure non store process compliance and minimizing company risk
- Tax compliance
- Having Control on business functions and business support
- Ensure that the finance department delivers timely and qualitative information to all departments on all aspects of the business
- Partnering commercial team for vendor rebate management
- Preparation of Direct Cash Flow
- Co-ordinate with Retail treasury team on funding requirement
- Project Analysis and expansion
- Supporting all feasibility analyses for new investments preparing long term P&L, BS & CF with NPV, IRR analytics.
- Maintain Closing Balance sheet controls in co-ordination with retail teams
Requirements
- Bachelor’s degree on Finance or Business Administration
- 10 years experience in finance function, preferably in Oil and Gas Sector/Construction
- Having a business acumen and leadership skills, knowledge of accounting principles, SAP, budgeting, and SAP/BPC
- FM experience in KSA
Qualifications
No specific qualifications mentioned.
Salary & Benefits
Salary information not provided.
How to Apply
Click the green “Go Apply” button below to apply directly online with the employer.
About Other Finance/Accounting Jobs in Gauteng
The finance and accounting sector is a significant contributor to the economy of Gauteng, South Africa, providing numerous opportunities for professionals looking to advance their careers. With major financial institutions, banks, and multinational corporations based in the province, there is a high demand for skilled finance and accounting professionals.
Salary ranges in Gauteng are generally in line with national averages, but can vary depending on factors such as industry, company size, and level of experience. According to recent job postings, average salary ranges for finance and accounting positions in Gauteng include:
R250 000 – R350 000 per annum for junior finance professionals
R400 000 – R600 000 per annum for experienced accountants
R700 000 – R1 200 000 per annum for senior finance managers
Key skills required for success in the finance and accounting sector in Gauteng include:
Financial planning and analysis
Accounting standards and compliance (e.g. IFRS)
Data analytics and reporting
Communication and interpersonal skills
Budgeting and forecasting
Risk management
Business acumen and strategic thinking
Major employers in the finance and accounting sector in Gauteng include:
Standard Bank, one of South Africa’s largest banks, with its headquarters located in Sandton, Johannesburg.
Multinational corporations such as IBM, which has a significant presence in the province, and Unilever, a leading consumer goods company.
The Johannesburg Stock Exchange (JSE), which is also based in the province and provides opportunities for finance professionals to work in investment banking and stockbroking.
Career growth opportunities are available in the finance and accounting sector in Gauteng, with many companies investing in training and development programs to support their employees’ career progression. Senior finance managers can move into executive roles, while experienced accountants can take on leadership positions or start their own businesses. Additionally, the JSE offers a range of training programs and certifications for finance professionals, such as the Certified Financial Analyst (CFA) program.
Overall, the finance and accounting sector in Gauteng presents numerous opportunities for career advancement and professional growth, with a high demand for skilled professionals and competitive salary ranges.
This information provides general career guidance. Actual salaries and requirements vary by employer.
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