South Africa: Financial Manager posted by Kendrick Recruitment
Posted on 2025-04-29 00:00:00
| Employer | Kendrick Recruitment |
|---|---|
| Category | Other Finance/Accounting |
| Location | South Africa / South Africa |
Job Summary
Kendrick Recruitment is currently seeking a Financial Manager for a luxury boutique hotel located in the Eastern Cape. This role is ideal for a detail-oriented and experienced hospitality finance professional, with a strong background in boutique hotels or lodges and a solid understanding of F&B costings. The Financial Manager will oversee the full accounting and stock management functions while leading the finance team.
Key Responsibilities:
Accounting and Finance Management:
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Manage the finance team and oversee all financial functions
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Daily reconciliation of revenue systems with the accounting system
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Process, bill, and manage debtor accounts, including remittance and bad debt reporting
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Oversee creditor accounts, ensuring accurate coding, approvals, and reconciliation
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Prepare and review payment batches for authorisation
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Reconcile accounting and stock system transactions
Cash & Banking:
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Perform daily cash-ups and manage all control accounts
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Bank all cash and manage petty cash transactions
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Complete bank reconciliations across all platforms
Stock Management:
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Process invoices to appropriate cost centres with necessary approvals
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Maintain the stock system, ensuring accuracy in pricing, recipe linking, and depletion
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Conduct regular stock counts and maintain accurate valuations
Journal Entries & Compliance:
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Post monthly journals and reconcile with supporting documentation
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Ensure accrual-based income and expense accounting
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Implement and uphold internal controls and compliance with policies and audit standards
VAT & Insurance:
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Prepare and submit monthly VAT declarations and handle related SARS queries
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Review annual insurance policies and manage claims
Fixed Assets:
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Maintain and verify the fixed asset register
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Ensure depreciation is processed in line with accounting schedules
Payroll:
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Compile and submit all payroll data to outsourced provider
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Ensure accuracy in pay adjustments, stipends, tips, commissions, and terminations
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Process payroll entries and ensure timely payment of salaries and third-party contributions
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Manage pension and UIF processes and maintain employee payroll records
Reporting & Budgeting:
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Prepare and analyse monthly management accounts
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Assist with annual financial statement preparation and audits
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Oversee year-end processes and ensure accurate financial records
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Prepare, monitor, and report on income, expenditure, and capital budgets
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Collaborate with key departments on budget implementation and adjustments
Team Management:
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Conduct regular performance reviews and identify development needs within the finance team
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Ensure consistent communication and support across departments
Ad Hoc Duties:
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Assist with B-BBEE certification, liquor licensing, rental agreements, contract renewals, and solar usage monitoring
Requirements:
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Minimum 5 years experience in a similar finance role within a boutique hotel or lodge setting
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Strong F&B costing and stock control knowledge
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Proficient in Microsoft Office Suite, particularly Excel
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Proven leadership and team management experience
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Excellent communication and interpersonal skills
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Knowledge of South African accounting standards, VAT, and payroll legislation
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Organised, analytical, and proactive with a high level of accuracy
This is a fantastic opportunity for a seasoned financial professional to contribute to the ongoing success of a prestigious property. Candidates who meet the above requirements are encouraged to submit their CV to apply.
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