East London: Financial Manager

Overview: The duties of this role include preparing and reviewing the monthly process with the finance team. Supporting both the finance The team and the GM of the market. Minimum Requirements: Grade 12 / Matric Degree in financial accounting 5 years’ experience as an Accountant in a commercial environment Computer literate – Advanced Excel Key Responsibilities: 1. 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 2. 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 3. 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 4. Training and Support Training in Acumatica Reviewing beneficiaries on the banking platform Support food cost analyst Support finance teams on day-to-day functions. 5. Other Duties This category includes miscellaneous tasks not explicitly listed, such as ad-hoc reporting or analysis. Communication : Works closely with the Finance Executive and Market accountants Interacts with GM and Accountants on all finance-related queries Provides and supports all processes within the finance team 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.