Management Accountant

Mr Price; Durban; On-site; ZAR 600,000 - 1,000,000; Full time

Job summary

Mr Price in Durban is seeking a Management Accountant to deliver accurate monthly, half-year and year-end financial results. You will support budgeting, forecasting and financial control across the business, ensuring timely reports to management and strong cost control.

You will prepare rolling forecasts, assist with audits, improve processes and drive efficiency within the finance team. The role requires CIMA/CA (SA) or equivalent and experience in retail finance is advantageous.

Qualifications

• CIMA or CA (SA) qualified or registered with SAICA/SAIPA
• Newly qualified / 1+ year post-articles/financial accounting experience
• Retail experience is an advantage
• Experience with Accounting, Financial planning and budgeting, Process knowledge, People management, Advanced MS Office, and Analytical ability

Responsibilities

• Prepare and review monthly management accounts and financial performance reports
• Assist in budgeting, forecasting and feasibility analyses across departments
• Coordinate annual budgeting process and rolling forecasts
• Perform variance analysis and provide commentary on business drivers
• Support internal/external audits and strengthen financial controls

Skills

Financial analysis

Budgeting

Forecasting

Management reporting

People management

Advanced MS Office

Education

CIMA or CA (SA)

Tools

MS Excel

ERP systems

Financial software

Job description

Job Description

The efficient and accurate reporting of financial information within stringent deadlines. The role ensures accurate financial information is available to management while monitoring costs, profitability, and financial controls across the business. The Management Accountant will also be assisting the finance team in ensuring that timely and accurate monthly, half-year & year-end financial results are presented, ensuring strong financial controls and compliance with relevant policies and regulations

Responsibilities

Budgets and Forecasting

Preparation of the divisional budget and strategy for different departments in order for departments to forecast their spend for the upcoming financial year.

Reporting and Analysis

• Assist in compilation and submission of reports weekly, monthly, at half year and year-end and annually (e.g. Group financial reporting pack - GMB, PF management report, board pack, half year & year-end financial packs, annual budget packs, 5-year financial model, RLC, general ledger, trial balance etc.)
• Assist with month-end and year-end close processes.
• Prepare monthly management accounts and financial performance reports.
• Analyze variances between actual, budget, and forecast results.
• Provide detailed commentary on financial performance and key business drivers.

Budgeting, Forecasting and Feasibility

• Coordinate the annual budgeting process across departments.
• Prepare rolling forecasts and financial projections.
• Monitor expenditure against approved budgets.
• Support business units in developing realistic financial plans.
• Set monthly store sales targets.

Financial Analysis

• Use business insights and provide sales & cost centre analysis against budget & forecast to provide feedback & / or recommendations
• Prepare feasibility studies for investment decisions relating to stores
• Identify opportunities for cost savings and process improvements

Internal / External Audit

• Ensure that the finance team complies with all internal / external audit requirements. This includes preparing working papers at half year & year-end as well as attending any necessary meetings.
• Maintain and strengthen internal financial controls and procedures
• Laise with internal and external audit and provide requested information
• Support risk management activities relating to finance.

Process Improvement

• Identify opportunities to improve financial processes and reporting.
• Drive automation and efficiency within finance functions.
• Assist with financial projects, system improvements and ad hoc analysis

General administration

• Effective control of all costs, cashflow management and other finance efficiencies (e.g. monthly forecasting, credit card expenditure, annual insurance renewals & vehicle fleet costs) to maintain the businesses general administration.
• Update the monthly financial model by country including income statement, balance sheet & cashflow including sign off of monthly balance sheet and general ledger.
• Processing of month end journals.
• Review work performed by finance team members and provide guidance where required
• Reviewing of payments ensuring queries are raised and resolved prior to release
• Supervision of junior team members

Qualifications

• CIMA or CA (SA)
• Newly qualified /1+ year of post-articles/ financial accounting experience
• Retail experience is an advantage
• Experience with Accounting, Financial planning and budgeting, Process knowledge, People management, Advanced MS Office, and Analytical ability

Key Competencies

• Strong attention to detail and accuracy
• Analytical and problem-solving skills
• Good organisational and time-management skills
• Ability to work independently and within a team environment
• Ability to work under pressure and meet deadlines
• Strong communication and interpersonal skills
• High level of integrity and confidentiality
• Proactive approach to identifying issues and solutions