Johannesburg: Group Financial Manager posted by Kendrick Recruitment

Kendrick Recruitment is seeking an experienced and strategic Group Financial Manager for a leading luxury property group in Johannesburg. This senior role is responsible for overseeing financial operations across multiple entities, ensuring accurate reporting, compliance with regulatory standards, and providing actionable financial insights that support business growth.

Key Responsibilities:
Financial Reporting:
Prepare monthly management accounts within specified timelines, including variance analysis and commentary
Maintain chart of accounts structures across multiple entities and ensure accuracy of intercompany eliminations
Coordinate year-end statutory accounts and audits, ensuring compliance with IFRS/GAAP and local tax laws

Budgeting, Forecasting and Planning:
Lead the annual budgeting cycle and rolling forecasts by property and department, including Capex and Opex
Monitor performance against budgets and provide detailed variance analysis

Cash Flow, Working Capital and Controls:
Consolidate cash flow across properties and manage liquidity, credit terms, and collections
Manage intercompany transactions and reconciliations
Strengthen internal controls across cash handling, POS settlement, tips and service charge distribution, stock management, and night audit reconciliation
Oversee inventory controls including recipe costing, yield and wastage, stock counts, and variance analysis, working closely with culinary and procurement teams to reduce cost of sales

Compliance and Internal Controls:
Implement and maintain robust internal financial controls
Coordinate external audits and ensure timely completion
Ensure compliance with tax, payroll, and statutory requirements
Support insurance reviews, risk registers, and business continuity planning

Strategic Financial Support:
Provide financial insights to support strategic business decisions
Assist with M&A activities, financial modelling, and due diligence

Leadership and Team Management:
Collaborate with finance teams across subsidiaries
Drive process improvements and ERP system enhancements

Qualifications and Experience:
Bachelors degree in Finance, Accounting, or Business (Masters or MBA advantageous)
58+ years experience in multi-property hospitality finance or group finance roles, including consolidation and audit coordination
Strong knowledge of IFRS/GAAP, tax compliance, and hospitality KPI frameworks

Technical Skills:
Advanced proficiency in Excel or Google Sheets
Hands-on experience with PMS, POS, and ERP system integrations
Strong financial modelling and forecasting capabilities

Key Skills and Competencies:
Commercial acumen with a strong hospitality operations mindset
Excellent stakeholder management, including GMs, Owners, Brand/Franchise, Revenue, Culinary, and HR
Strong attention to detail with accuracy under pressure
Proven leadership in process improvement and change management
Strategic thinker with excellent analytical and problem-solving abilities
Strong communication and leadership skills

Benefits:
Competitive salary with performance-based bonuses
Professional development opportunities
Comprehensive benefits package

If anyone is interested in applying for this role, they are encouraged to submit their CV for consideration.