Commercial Finance Manager

Ignition Group; Durban; On-site; ZAR 300 000 - 500 000; Full time

Job summary

A financial services company in Durban is seeking a specialist to manage financial planning and analysis. The role involves developing financial models, budgeting, and forecasting future revenues. You will also oversee compliance of financial reports and conduct risk management. The ideal candidate has strong analytical skills and experience in financial reporting, supporting strategic decision-making. Join a dynamic team dedicated to guiding financial initiatives and improving operational efficiency.

Qualifications

• Experience in developing detailed financial models.
• Ability to utilize historical data for forecasting.
• Proven capability in financial analysis and reporting.

Responsibilities

• Constructing detailed financial models to predict performance.
• Collaborating to create realistic budgets aligned with strategic goals.
• Overseeing preparation of financial statements in compliance with regulations.

Skills

Financial Modeling

Forecasting

Strategic Analysis

Budgeting

Variance Analysis

Risk Management

KPI Tracking

Cost Reduction

Investment Analysis

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: 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.