Management Accountant - Coricraft

TFG (The Foschini Group); Wes-Kaap; On-site; ZAR 600 000 - 800 000; Full time

Job summary

A leading retail company is seeking a Financial Manager to oversee financial management, reporting, and team leadership. The role involves ensuring accurate financial processes, managing cash flow, and driving continuous improvement initiatives. Join a dynamic team committed to excellence and growth.

Qualifications

• Solid understanding of Financial Accounting principles.
• Experience with SARS E-Filing.
• Strong Trial Balance experience.

Responsibilities

• Ensure accurate recognition and period allocation of all revenue and expenses.
• Compile comprehensive reports for monthly management meetings.
• Lead and support the Creditors, Debtors, and Cashbook teams.

Skills

Financial Accounting

Team Leadership

Variance Analysis

Cash Flow Management

Education

Diploma or Degree in Financial Accounting

CIMA (advantageous)

Tools

SYSPRO

MS Office

Advanced Excel

Job description

Job Description

The job involves comprehensive responsibilities in financial management, reporting, and team leadership within a retail company. The role requires ensuring accurate financial processes, preparing reports, managing cash flow, overseeing internal controls, supporting operational functions, and driving continuous improvement initiatives.

Key Responsibilities

Month-End Duties

• Ensure accurate recognition and period allocation of all revenue and expenses.
• Reconcile and validate sales data, payroll costs, and associated liabilities.
• Accurately process and allocate staff deductions, commission structures, and bonus provisions.
• Prepare and reconcile key Balance Sheet items, ensuring completeness and accuracy of provisions.
• Manage payroll expense allocations by department and confirm salary-related liabilities are correctly recorded and settled on time.
• Monitor and manage turnover rental liabilities, ensuring accurate accruals and timely payments.
• Prepare and review the monthly management accounts, ensuring cut-offs are met and reporting is aligned with operational performance.
• Maintain a detailed audit trail and documentation to support all transactions reflected in the general ledger.

Financial Reporting & Analysis

• Compile comprehensive reports for monthly management meetings (MANCO), enabling insightful analysis of performance vs budget.
• Provide variance analysis and commentary for income statement and balance sheet items.
• Assist with preparation of year-end financial statements and coordination of the external audit process.
• Ensure compliance with internal policies, accounting standards, and audit requirements.

Cash & Banking

• Oversee the preparation, verification, and release of salary and EFT payment batches.
• Manage bank reconciliations and ensure all items are cleared and resolved within acceptable timelines.
• Monitor and maintain cash flow projections, flagging shortfalls or excesses for proactive action.
• Ensure all bank-related charges, interest, and loan repayments are correctly accounted for.

Team Oversight & Internal Controls

• Lead and support the Creditors, Debtors, and Cashbook teams to ensure efficient processing and reconciliations.
• Review and approve reconciliations, journals, and supporting documentation submitted by the team.
• Implement and maintain strong internal controls and standard operating procedures within the finance function.
• Encourage cross-training and professional development within the team to build a flexible and capable support structure.

Operational Support

• Work closely with operations and store managers to resolve capturing errors, expense allocations, and cost anomalies.
• Ensure accurate stock movement reporting including WIP, Finished Goods, and non-BOM items.
• Maintain fixed asset register and oversee monthly depreciation entries.
• Monitor and analyse fleet costs, petty cash allocations, and inter-factory transactions.

Ad Hoc & Continuous Improvement

• Assist in financial system upgrades, data cleanups, and process improvements.
• Identify opportunities to streamline reporting, improve accuracy, and reduce manual intervention.
• Provide ad hoc financial insights or analysis as requested by the Head of Finance or Executive Team.

Minimum Qualification & Memberships

• Diploma or Degree in Financial Accounting
• Studying towards CIMA (advantageous)
• Membership with SAICA, CIMA, or SAIPA preferred

Direct Reports

• Creditors Team: Supervisor + 3 Clerks
• Debtors Team: 2 Clerks
• Cashbook Team: Supervisor + 2 Clerks

Knowledge & Technical Requirements

• Solid understanding of Financial Accounting principles and company procedures
• Strong Trial Balance experience
• Knowledge of Standard Operating Procedures
• Proficiency in SYSPRO, MS Office, and Advanced Excel
• Experience with SARS E-Filing

Preference will be given, but not limited to candidates from designated groups in terms of the Employment Equity Act.

About Us

Who we are is because of our people. They are our greatest asset. TFG is an internationally diversified retail portfolio of 34 speciality lifestyle and apparel brands that Inspire our Customers to live their Best Lives and are woven into the lives of millions. Our vision is to create the most remarkable omnichannel experiences for our customers. TFG is more than a workplace, it's a launchpad for your growth. Join us and explore endless growth opportunities across our diverse brands. We’re a purpose-led business, and on this team, you’ll share the pride of making an impact across a whole industry.

We’re the designers, the makers, the shakers and the teams behind the scenes.

Are you with us?

About The Team

Consistently on-trend, and always accessible, Coricraft has become Southern Africa’s interior inspiration. Since 1995, Coricraft’s founding store in Cape Town has grown to 44 showrooms across South Africa, Namibia and Botswana. With easy and efficient online shopping, Coricraft comes to wherever you are.

South African born, we remain proudly local. Our Cape Town factory boasts highly skilled and experienced hands. Our manufacturing team knows their craft intimately, making unique couches to customer specifications. The value for money on lifetime purchases continues to make Coricraft South Africa’s most desirable furniture destination.