Head of Financial Planning and Reporting

Virgin Active South Africa (Pty) Ltd; Cape Town; On-site; ZAR 180,000 - 240,000; Full time

Job summary

Virgin Active South Africa (Pty) Ltd is seeking a seasoned finance leader to own the Budget and 5-year Forecast across the P&L, specifically for Expenses and Ancillary Revenue. You will drive cost-saving initiatives and act as a strategic partner to all departments to ensure EBITDA targets are met.

You will lead a team of Strategic Analysts and a Data Reporting specialist, oversee Capex governance, and prepare performance packs for the Board, Group, Shareholders and lenders.

Qualifications

• CA (SA) qualification is mandatory.
• Minimum 5 years’ managerial experience in industry.
• Advanced MS-Excel abilities required.
• Ability to work independently.
• Commitment to deadlines.
• Excellent communication skills.
• Leadership skills and resourcefulness.

Responsibilities

• Own Budget and 5-year Forecast across the P&L, including Expenses and Ancillary Revenue.
• Identify and drive cost saving plans across all Expenses, including Employee costs, Marketing and Utilities.
• Support Ancillary revenue initiatives with financial modelling for new and existing ideas.
• Act as business partner to all departments to guide budgeted spend and revenue to meet EBITDA targets.
• Prepare ad hoc analyses, modelling and insights for initiatives as they arise.
• Manage Capital Investment (Capex) and allocation decisions.
• Prepare and present business performance packs for Board, Group, Shareholders and lenders.
• Deliver monthly and annual Actuals vs Budget analyses with variance commentary.
• Coordinate monthly and quarterly Group reporting packs and commentary.
• Approve material Opex/Capex spend against Budget.
• Develop reporting for P&L, Capex and other areas for Head office, Clubs and Regions.
• Collaborate with Data and IT teams to implement reporting improvements.
• Provide key finance input for new systems implementations.

Skills

Communication

Leadership

Independent working

Deadline driven

Education

Chartered Accountant CA (SA)

Tools

MS Excel

Job description

Your Purpose...

• Responsible for Budget and 5 year Forecast across the P&L; specifically responsible for the budgeting / forecasting of all Expenses and Ancillary Revenue
• Responsible for determining and assisting with cost saving plans across all Expenses, including Employee costs, Marketing, Utilities, amongst others
• Responsible for assisting Ancillary revenue departments with their revenue generating initiatives, financial modelling of new and existing initiatives and plans
• Business partner for all departments, guiding them on their budgeted spend and revenue, collaborating on corrective measures in order to meet EBITDA targets
• Prepare ad hoc analysis, modelling and expertise on initiatives that arise
• Manage the business’ Capital Investment (Capex) and allocation decisions
• Prepare and review business performance presentations for the Board, Group, Shareholders and Lenders
• Monthly and Annual Actuals vs Budget reporting, variance analysis and commentary for the P&L
• Monthly and quarterly Group financial reporting pack reviews and commentary
• Approve and assess against Budget, all material Opex and Capex spend
• Determine and develop relevant Reporting of P&L, Capex, and other areas for users across the business, including Head office departments, Clubs and Regions
• Work closely with Data and IT teams to develop and devise abovementioned Reporting
• Key finance input for implementation of new systems

• Lead, manage and provide guidance and specific input to a team of Strategic Analysts, as well as a Data Reporting specialist, ensuring the team is operating efficiently and effectively
• Provide coaching, development opportunities and feedback to the team to ensure professional development and growth

Our Minimum Requirements...

• Chartered Accountant CA (SA)
• Minimum 5 years’ experience in managerial role in industry
• Advanced MS-Excel abilities
• Ability to work independently
• Commitment to deadlines
• Excellent communication
• Leadership skills and resourcefulness