Finance Director: ST&B

Tiger Brands; Gauteng; On-site; ZAR 1,800,000 - 3,500,000; Full time

Job summary

Tiger Brands is seeking a Finance Director to lead the profitability agenda for the category, balancing strategic imperatives with timely financial insights and forecasting.

You will manage the category finance team across factory-based and shared services, driving improvements, governance, budget, PS&OP and risk management across markets.

Qualifications

• CA(SA) or similar qualification
• 8+ years' FMCG experience
• Strong analytical and conceptual abilities
• Well refined technical finance and strategic skills
• Ability to managing complexity – multiple stakeholders, countries and categories

Responsibilities

• Provide ongoing insightful analysis of actual results compared to plan/target. Identify sustainable mitigating plans together with category team, to deliver on targets within the month while balancing medium to long-term strategy
• Provides Category teams with strong financial support through the planning process (situation analysis and strategic plans)
• Provides analysis and evaluation of the brand plan, innovations, budget & forecast, ensuring profitable allocation of resources through insights & constructive challenge
• Ensures investment choices are financially evaluated to provide long-term portfolio profitability; work with cross-functional teams to deliver capex plan
• Drive continuous improvement agenda within the category across factory, sales and marketing
• Actively support the PS&OP process within the category
• Promote a robust control & governance environment, ensuring compliance and minimising risk
• Review expenditure for the category and ensure budgetary controls; review trade spending outside pre-approved limits
• Review financial results (packs) monthly and present insights to Category Exco
• Fully accountable for managing shared service and factory-based staff in delivering financial outputs

Skills

Financial acumen

Strategic planning

Leadership

Stakeholder management

Cross-functional collaboration

Governance

Education

CA(SA) or similar qualification

Job description

It's fun to work in a company where people truly BELIEVE in what they're doing!

The Finance Director will be responsible for leading the profitability agenda of the category whilst balancing the strategic imperatives, generating financial insights and enabling delivery of the Category Strategy, Budget and Forecast. Lead and manage the category finance team (factory based and shared services), driving a high-performance culture that delivers on their commitments. Prepare in depth and insightful analysis of business results, timeously, including the identification of opportunities and risks together with recommendation for actions to address. Actively handle ad hoc assignments and timely deliver the results.

What You Will Do

• Provide ongoing insightful analysis of actual results compared to plan/target. Identify sustainable mitigating plans together with category team, to deliver on committed targets within the month whilst balancing medium to long-term strategy
• Provides Category teams with strong financial support through the planning process e.g. situation analysis and strategic plans
• Provides analysis and evaluation of the brand plan, innovations, budget & forecast, ensuring the most profitable allocation of resources through financial insights & constructive challenge
• Ensures that investment choices, aligned to brand strategic priorities, are financially evaluated to provide a long-term perspective of the impact on portfolio profitability. Work together with cross-functional teams to deliver on the capex plan within the year.
• Challenges and supports the development of the financial assumptions that underpin the brand plan
• Ensures that the budget owners understand and adopt the right methodology. Ensures adequate and accurate budget cost allocation; approves costs depending on level of authorisation. Ensures that budget targets and guidelines are cascaded to the relevant stakeholders
• Drive and lead, together with MD, the continuous improvement agenda within the category across factory, sales and marketing
• Actively support the PS&OP process within the category
• Promote a robust control & governance environment, ensuring compliance to policies and procedures across the category achieving acceptable internal and external audit ratings and minimising risk to the business.
• Review and approve expenditure for the category and ensure that the Category Finance Teams establish appropriate spending and budgetary controls. Review trade spending that falls outside pre-approved limits
• Review the financial results (packs) on a monthly basis including balance sheet reconciliations and present insights to the Category Exco
• Fully accountable for managing the shared service and factory-based staff in delivery on the financial outputs.

What You Will Be Measured On

• Internal customer satisfaction based on value added to portfolio performance.
• All category finance requirements adequately/timeously addressed. Planning and reporting deadlines met.
• Profit forecast/reporting accuracy
• Category control and governance requirements achieved
• Development and mentorship of portfolio finance team

What You’ll Bring To The Table

Key attributes and competencies

• In depth understanding of the category segment and retail market
• Outstanding financial and commercial acumen, preferably in FMCG
• Good knowledge in accounting standards
• Thorough understanding of planning and reporting processes
• Excellent interpersonal skills with ability/desire to work in a team-based, customer-focused environment
• Strong leadership skills; ability to effectively influence all levels of management

Experience

• 8+ years' experience in FMCG environment in roles of increasing responsibility
• Strong analytical and conceptual abilities
• Well refined technical finance and strategic skills
• Ability to managing complexity – multiple stakeholders, countries and categories
• (CA) SA or similar qualification

In accordance with the employment equity plan of Tiger Brands and its employment equity goals and targets, preference may be given, but is not limited, to candidates from under-represented designated groups.