Finance Manager

Phoenix Recruitment; Cape Town; On-site; ZAR 600,000 - 800,000; Full time

Job summary

A financial management consulting firm in Cape Town is seeking an experienced Finance Manager to oversee financial strategies, cash flow management, and team development. The ideal candidate has a Bachelor's Degree in Accounting or Finance and 7-10 years of financial management experience, preferably in the tourism sector. This role involves ensuring compliance with financial regulations and improving financial efficiency within the company.

Qualifications

• At least 7-10 years of proven experience in financial management.
• Proven experience in budgeting, forecasting, and financial reporting.
• Strong understanding of tax regulations and compliance standards.
• Ability to interpret complex financial data.
• Excellent communication skills.

Responsibilities

• Develop and implement financial strategies aligned with company goals.
• Manage cash flow and liquidity for business operations.
• Oversee relationships with vendors and ensure contract compliance.
• Lead and mentor the accounts team for professional development.
• Ensure compliance with financial regulations and tax laws.

Skills

Financial analysis

Budgeting

Leadership

Tax compliance

Problem-solving

Education

Bachelor's Degree in Accounting or Finance

Tools

Tourplan

SharePoint

MS Excel

Job description

Responsibilities

• Financial Strategy & Planning

• Develop and implement financial strategies aligned with the companys goals and objectives.
• Provide financial guidance and strategic input to management to support decision-making and long-term planning.
• Oversee the preparation and execution of annual budgets, ensuring alignment with the companys operational needs.
• Forecast future financial trends, identifying risks and opportunities to maximise profitability and sustainability.

• Financial Reporting & Analysis

• Prepare, analyse and present accurate and timely financial reports, including income statements, balance sheets, cash flow statements and other key financial documents.
• Monitor and analyse financial performance, including variances from budgets and forecasts and recommend corrective actions when needed.
• Ensure compliance with relevant financial regulations and reporting standards.
• Report key financial metrics to the directors, providing insights to drive informed decision-making.

• Cash Flow & Treasury Management

• Manage cash flow and liquidity to ensure the company has adequate financial resources to meet its obligations and fund business operations.
• Oversee banking relationships, managing short-term and long-term cash requirements.
• Ensure efficient cash management, including optimising accounts receivable and accounts payable processes.

• Internal Controls & Compliance

• Establish and maintain strong internal controls to safeguard company assets, ensure financial accuracy and prevent fraud.
• Ensure compliance with financial regulations and tax laws.
• Work closely with auditors to conduct audits and ensure the companys financial practices comply with all regulatory requirements.

• Cost Management & Financial Efficiency

• Monitor and manage operating costs, implementing cost-saving initiatives and improving operational efficiency across all departments.
• Identify areas for financial improvement and provide recommendations to enhance profitability and cost control.
• Review financial reports, operational metrics and budgets to identify areas where resources can be allocated more efficiently.

• Team Leadership & Development

• Team currently consists of 8 Employees, excluding the Finance Manager
• Lead and mentor the accounts team, ensuring professional development, training and a positive work environment.
• Develop and implement training programs for staff to improve financial literacy, system usage and legislative understanding.
• Oversee the day-to-day activities of the accounts department, ensuring tasks are completed on time and to a high standard.
• Foster a collaborative, high-performance culture within the accounts team, ensuring staff are aligned with the companys goals.

• Financial Forecasting & Risk Management

• Develop and maintain financial models to support forecasting, budgeting and risk management strategies.
• Identify financial risks and work proactively to develop strategies to mitigate them, ensuring business continuity and financial stability.
• Regularly review the financial impact of potential business decisions, including investments, acquisitions and capital expenditures.

• Employee Payroll & Legislative Submissions

• Oversee employee payroll.
• Ensure timely and accurate submission of statutory returns to SARS, including VAT, EMP201, Provisionals, ITR14 / 12T / 12EI, EMP501 and the registration of new employees.
• Ensure all reconciliations are complete and up to date.

• Vendor & Contract Management

• Oversee relationships with external vendors, contractors and service providers, ensuring that contracts and payment terms are met.

• Audit Oversight & Liaison

• Act as the primary point of contact for all audit processes.
• Coordinate all necessary documentation and information to complete the audit process.

• Ad-Hoc Duties

• Attend all scheduled meetings as required.
• Serve as the main point of contact for financial matters & requests from the company directors.
• Administrative support
• System changes and implementation

• Requirements

• Grade 12
• Bachelors Degree in Accounting, Finance, or a related field.
• At least 7-10 years proven experience in financial management, preferably within the Tourism sector.
• Proven experience in budgeting, forecasting, financial reporting and managing a team.
• Strong understanding of tax regulations and financial compliance standards.
• Strong leadership and team management skills, with the ability to guide, mentor, and develop a high-performing finance team.
• Excellent financial modelling, analysis, and reporting skills.
• Proficiency in accounting software (Tourplan advantageous) and SharePoint / MS Excel.
• Ability to interpret complex financial data and present it in an easily understandable manner to non-financial stakeholders.
• Strong business acumen and strategic thinking, with the ability to align financial objectives with overall business goals.
• Detail-oriented with a high level of accuracy in financial analysis and reporting.
• Strong problem-solving abilities, with a focus on continuous improvement.
• Proactive, results-driven, and able to thrive in a fast-paced, dynamic environment.
• Excellent communication skills, with the ability to interact effectively at all levels of the organisation.
• Strong ethical standards, integrity, and discretion in handling confidential financial information.
• Ability to work according to deadlines and manage the extreme pressure of the Travel industry.