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Gauteng: Group Finance Manager Jhb posted by Cedar Wood Recruitment

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Job Description

Job Opportunity: Group Finance Manager Location: Johannesburg, South Africa About the Opportunity: We are seeking a highly experienced and strategic Group Finance Manager to take ownership of financial operations across multiple entities. This is a critical leadership role, offering the opportunity to drive financial strategy, ensure robust reporting, and provide insightful analysis that fuels business growth. You will play a key role in shaping financial performance and contributing to the success of our dynamic organization. Key Responsibilities: Financial Reporting & Analysis: Prepare and deliver accurate monthly management accounts within established deadlines, including detailed variance analysis and insightful commentary. Maintain and optimize chart of accounts structures across multiple entities, ensuring the accuracy of intercompany eliminations. Coordinate the preparation of year-end statutory accounts and audits, guaranteeing full compliance with IFRS/GAAP and local tax regulations. Budgeting, Forecasting & Planning: Lead the annual budgeting process and oversee rolling reforecasts at the property and departmental levels, encompassing both Capital Expenditure (Capex) and Operational Expenditure (Opex) plans. Closely monitor performance against budgets, providing comprehensive variance analysis and actionable recommendations. Cash Flow, Working Capital & Controls: Consolidate cash flow across all properties, proactively managing liquidity, credit terms, and collections. Oversee intercompany transactions and ensure accurate and timely reconciliations. Strengthen and maintain internal controls, focusing on cash handling, Point of Sale (POS) settlement processes, tips/service charge distribution, inventory management, and night audit reconciliation. Oversee inventory controls, including recipe costing, yield/wastage analysis, regular stock counts, and variance analysis; collaborate with culinary and procurement teams to minimize the Cost of Sales (COS). Compliance & Risk Management: Implement and maintain a strong internal control environment. Coordinate and facilitate external audits, ensuring timely completion and compliance. Ensure adherence to all tax, payroll, and statutory requirements. Support insurance reviews, risk register maintenance, and business continuity planning. Strategic Financial Support: Provide financial insights and recommendations to support strategic decision-making. Assist with Mergers and Acquisitions (M&A) activities, financial modeling, and due diligence processes. Leadership & Team Management: Collaborate effectively with finance teams across all subsidiaries. Drive continuous process improvements and support enhancements to our Enterprise Resource Planning (ERP) system. Qualifications & Experience: Bachelor’s degree in Finance, Accounting, or a related field (Master’s degree or MBA is advantageous). 5-8 years of progressive experience in multi-property hospitality finance or group finance roles, including consolidation and audit coordination experience. Demonstrated proficiency in IFRS/GAAP, tax compliance, and hospitality Key Performance Indicator (KPI) frameworks. Technical Skills: Advanced proficiency in Excel and/or Google Sheets. Hands-on experience with Property Management Systems (PMS), POS systems, and ERP integrations. Strong financial modeling and forecasting capabilities. Key Skills & Competencies: Strong commercial acumen combined with a deep understanding of hospitality operations. Excellent stakeholder management skills, including the ability to build and maintain relationships with General Managers (GMs), Owners, Brand/Franchise representatives, Revenue Managers, Culinary teams, and HR professionals. Exceptional attention to detail, with the ability to work quickly and accurately, particularly during peak seasons. Proven leadership skills in process improvement, change management, and cross-functional collaboration. Strategic thinking and strong business acumen. Excellent analytical and problem-solving skills. Outstanding communication and leadership abilities. A commitment to accuracy and a high level of attention to detail. Benefits: Competitive salary and performance-based bonuses. Opportunities for professional development and career advancement. Comprehensive benefits package. To Apply: If you are a results-oriented finance professional with a passion for the hospitality industry and a commitment to operational excellence, we encourage you to apply and join our team. I
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