Commercial Finance Manager

Ignition Group; Durban; On-site; ZAR 400,000 - 500,000; Full time

Job summary

A financial services company based in Durban is looking for a Financial Planning and Analysis professional. The role involves developing financial models, managing budgets, conducting variance analysis, and ensuring compliance with regulations. The ideal candidate should possess strong skills in strategic analysis, KPI tracking, and risk management. This position offers opportunities to support senior leadership in decision-making and optimize financial performance.

Qualifications

• Proficient in financial modeling to predict or analyze performance.
• Experience in strategic analysis for business ventures.
• Knowledge of budget creation and management processes.

Responsibilities

• Develop financial models for forecasting performance.
• Prepare financial statements and ensure compliance with regulations.
• Conduct variance analysis and recommend adjustments.

Skills

Financial modeling

Forecasting

Strategic analysis

Budget management

Variance analysis

KPI tracking

Risk management

Cost analysis

Process improvement

Job description

Financial Planning and Analysis

• Developing Financial Models : Constructing detailed financial models to predict future financial performance under various scenarios.
• Forecasting : Utilizing historical data, market trends and seasonality to project future revenues, expenses, and profitability.
• Strategic Analysis : Providing insights on potential business ventures and strategic decisions through detailed financial analysis.

Product Analysis

Provide financial models that can be used to build profitable

Budget and Forecast Management

• Budget Creation : Collaborating with department heads to create realistic and achievable budgets that align with the company’s strategic goals.
• Variance Analysis : Comparing actual financial performance against the budget and investigating significant variances to understand their causes.

Resource Allocation

Ensuring that financial resources are allocated efficiently to support key business initiatives and operational needs.

Reporting and Compliance

• Financial Statements Preparation : Overseeing the preparation of balance sheets, income statements, and cash flow statements in accordance with accounting standards.
• Regulatory Compliance : Ensuring all financial reporting complies with relevant laws and regulations, such as GAAP or IFRS.

Internal Reporting

Providing timely and accurate financial reports to internal stakeholders to aid in decision-making.

Performance Monitoring

• KPI Tracking : Identifying and monitoring key performance indicators to measure financial health and operational performance.
• Benchmarking : Comparing the company’s financial performance against industry standards and competitors.

Performance Reviews

Conducting regular reviews with management to discuss financial performance and implement necessary adjustments.

Risk Management

• Risk Identification : Recognizing financial risks related to market fluctuations, credit, liquidity, and operational inefficiencies.

Risk Mitigation Strategies : Developing and implementing strategies to manage and mitigate identified risks.

Stakeholder Management and Decision Support

• Providing decision support to senior finance leadership
• Maintaining relationships with stakeholders
• Providing real-time support, financial guidance, and insights into business performance
• Supporting development of business cases and proposing financial solutions to challenges
• Works closely with business units to understand their needs and challenges.

Develops business cases for new initiatives and assesses commercial feasibility.

Cost Control and Efficiency

• Cost Analysis : Conducting thorough analyses of cost structures to identify areas for cost reduction.
• Process Improvement : Recommending and implementing process improvements to enhance operational efficiency and reduce costs.

Supplier Negotiations

Supplier Negotiations : Negotiating with suppliers and vendors to obtain the best terms and pricing to control procurement costs.

Investment Analysis

• Capital Expenditure (Capex) Evaluation : Assessing the financial viability of potential capital expenditures and projects.
• Return on Investment (ROI) Analysis : Calculating and analyzing the expected return on investment for various projects and initiatives.