Financial Manager / Accountant

Pronel Consultants; KwaZulu-Natal; On-site; ZAR 900,000 - 1,300,000; Full time

Job summary

Pronel Consultants are seeking an experienced Financial Manager for a reputable retail business based in Cato Ridge, KwaZulu-Natal, South Africa. The role requires hands-on leadership to manage the full financial function, governance, and controls, providing management with accurate financial information for strategic decision making.

The successful candidate will oversee budgeting, cash flow planning, and financial reporting, while ensuring compliance with legislation and financial regulations.

Qualifications

• Relevant BCom Accounting, Financial Management qualification or equivalent.
• Proven experience in a Financial Manager or senior financial management position.
• Strong understanding of corporate governance, internal controls and financial compliance.
• Sound knowledge of financial reporting, budgeting, forecasting and cash flow management.

Responsibilities

• Oversee the full financial function of the business.
• Prepare and review monthly management accounts and financial reports.
• Manage budgeting, forecasting and cash flow planning.
• Monitor financial performance, profitability, operating costs and margins.
• Analyse financial results and provide meaningful insights to management.
• Ensure accurate financial records and timely reporting.

Skills

Analytical skills

Leadership

Communication abilities

Education

BCom Accounting/Financial Management

Tools

MS Excel

Job description

Our client, an established and reputable retail business based in Cato Ridge, is seeking an experienced and commercially astute Financial Manager to take responsibility for the overall financial management and governance of the business.

This is a key management position requiring a hands-on individual with strong financial management capabilities, sound corporate governance knowledge and the ability to implement effective financial controls and procedures.

The successful candidate will play an integral role in safeguarding the financial integrity of the business, ensuring compliance and providing management with accurate financial information to support sound business decisions.

Key Responsibilities

Financial Management & Reporting

• Oversee the full financial function of the business.
• Prepare and review monthly management accounts and financial reports.
• Manage budgeting, forecasting and cash flow planning.
• Monitor financial performance, profitability, operating costs and margins.
• Analyse financial results and provide meaningful insights to management.
• Ensure accurate financial records and timely reporting.

Corporate Governance, Risk & Compliance

• Ensure sound corporate governance practices are implemented and maintained.
• Establish and monitor internal financial controls and procedures.
• Ensure compliance with applicable legislation, statutory requirements and financial regulations.
• Oversee financial risk management and identify potential control weaknesses.
• Coordinate internal and external audits and ensure audit findings are addressed.
• Maintain financial policies, procedures and appropriate accountability structures.
• Ensure effective authorisation processes and segregation of duties.

Operational & Retail Financial Management

• Oversee daily financial transactions, cash management and banking reconciliations.
• Monitor stock-related financial controls, stock losses and shrinkage.
• Review creditor and debtor accounts and ensure timely reconciliations.
• Monitor supplier accounts and payment processes.
• Analyse gross profit margins, sales performance and departmental profitability.
• Ensure effective controls over cash handling and point-of-sale transactions.

Management & Administration

• Provide financial guidance and support to operational management.
• Manage and develop the finance team.
• Identify opportunities to improve financial processes and operational efficiencies.
• Assist with strategic planning and business decision-making.

Minimum Requirements

• Relevant BCom Accounting, Financial Management qualification or equivalent.
• Proven experience in a Financial Manager or senior financial management position.
• Strong understanding of corporate governance, internal controls and financial compliance.
• Sound knowledge of financial reporting, budgeting, forecasting and cash flow management.
• Experience within a retail, FMCG or high-volume trading environment will be advantageous.
• Strong accounting systems and MS Excel skills.
• Excellent analytical, leadership and communication abilities.
• High levels of integrity, accountability and professionalism.