Operational Financial Manager

Exceed Human Resource Consultants; Cape Town; On-site; ZAR 500,000 - 700,000; Full time

Job summary

A leading consulting firm in Cape Town is seeking a Financial Planning & Analysis Manager. The role involves developing annual budgets, monitoring performance, and implementing savings initiatives. Candidates should have a Bachelor's Degree in Finance or Accounting, 5-7 years of experience, and proficiency in both English and Afrikaans. This is a managerial position with a focus on operational efficiency and financial strategy.

Qualifications

• 5-7 years of relevant experience required, with managerial or supervisory experience preferred.
• Proficiency in English and Afrikaans languages.

Responsibilities

• Develop annual budgets in collaboration with department heads.
• Monitor financial performance against budgeted figures.
• Implement cost-saving initiatives across various departments.
• Analyze financial data to identify patterns with operational performance.
• Train and develop finance team members.

Skills

Financial forecasting

Cost saving implementation

Operational efficiency analysis

Risk management

Performance reporting

Education

Bachelor’s Degree in Finance or Accounting

Postgraduate Qualification (Optional)

Job description

Reference:10520 SJConsultant:Sone JohnsonJob Description:

• Financial Planning & Analysis
  • Develop annual budgets in collaboration with department heads, ensuring alignment with the company's strategic objectives.
  • Monitor actual financial performance against budgeted figures, identifying variances and recommending corrective actions.
  • Prepare detailed financial forecasts based on current data and trends, providing insights to senior management.
• Budgeting & Cost Control
  • Implement and monitor cost-saving initiatives across various departments, ensuring adherence to budgetary constraints.
  • Conduct regular reviews of operational expenses, identifying areas for potential cost reduction.
  • Collaborate with procurement to negotiate favorable terms with suppliers, reducing input costs without compromising quality.
• Operational Efficiency
  • Work closely with operations managers to identify bottlenecks and inefficiencies in production or service processes.
  • Develop and implement strategies to optimize resource utilization, improving overall operational performance.
  • Facilitate cross-functional teams to streamline workflows and enhance productivity.
  • Monitor key performance indicators (KPIs) related to operational efficiency, identifying trends and areas for improvement.
• Performance Reporting
  • Develop comprehensive performance reporting systems to track key financial and operational metrics.
  • Prepare and distribute regular performance reports to senior management, highlighting key insights and trends.
  • Analyze financial data to identify patterns and correlations with operational performance.
  • Create dashboards and visual aids to present performance data in a clear and actionable format.
• Risk Management
  • Identify potential financial risks related to operational activities and develop mitigation strategies.
  • Conduct regular risk assessments to evaluate the impact of operational changes on financial performance.
  • Develop and implement policies and procedures to manage and minimize financial risks.
  • Monitor compliance with internal controls and regulatory requirements to prevent financial losses.
• Strategic Partnership
  • Collaborate with management team to align financial goals with operational strategies and objectives.
  • Provide financial guidance and support for operational decision-making, ensuring alignment with overall business goals.
• Resource Allocation
  • Oversee the allocation of financial resources to operational projects, ensuring optimal utilization.
  • Evaluate the financial viability of proposed projects, providing recommendations based on cost-benefit analysis.
  • Monitor the financial performance of ongoing projects, ensuring they stay within budget and deliver expected returns.
  • Develop resource allocation models to support strategic decision-making and prioritize investments.
• Process Improvement
  • Identify opportunities for process improvements within finance and operations, focusing on efficiency and effectiveness.
  • Lead cross-functional teams to implement process improvement initiatives, ensuring stakeholder engagement.
  • Develop and document standard operating procedures (SOPs) for finance and operational processes.
  • Monitor the impact of process improvements, measuring success against predefined KPIs.
• Compliance
  • Ensure all financial operations comply with relevant local, national, and international regulations.
  • Develop and maintain compliance policies and procedures, updating them as necessary to reflect regulatory changes.
  • Conduct regular audits of financial processes and transactions to ensure compliance with internal and external standards.
  • Collaborate with regulatory bodies and external auditors during compliance reviews and audits.
• SOPs Adherence
  • Ensure best practices and standard operating procedures are followed at all times to maintain efficiency and productivity.
  • Encourage and motivate the team to strictly follow standard operating procedures at all times to ensure processes are followed by company standards and expectations.
  • Develop and update SOPs as needed to reflect changes in processes or regulations.
  • Conduct regular audits to ensure compliance with SOPs.
• Communication & Collaboration
  • Act as a liaison between finance and operational teams, ensuring seamless communication and understanding of financial goals and operational needs.
  • Organize and lead regular meetings with operational managers and other stakeholders to discuss financial performance, address concerns, and review progress on key initiatives.
  • Build and maintain strong working relationships with department heads and team members, promoting a culture of cooperation and mutual support.
• Customer Focus
  • Develop a deep understanding of customer requirements and expectations, using this knowledge to align financial strategies with customer priorities and ensure satisfaction.
  • Attend meetings with customers to discuss financial aspects of contracts, service agreements, and project requirements, providing financial insights and addressing any concerns.
  • Foster positive relationships with key customers by demonstrating a commitment to their needs and providing excellent service and support.
  • Offer expert financial advice and support to customers, helping them understand financial implication and ensuring transparency in financial dealings.
• Leadership & Supervision
  • Direct and support the finance team, setting goals and conducting regular performance reviews to drive high performance and growth.
  • Manage and distribute resources effectively within the team, ensuring optimal workload balance and project progress.
  • Track performance metrics, provide feedback, and address issues to enhance team productivity and morale.
  • Resolve team conflicts and issues promptly to maintain a collaborative and efficient work environment.
• Training & Development
  • Train and develop finance team members to enhance their skills and performance.
  • Provide ongoing mentoring and feedback to team members to improve performance and enhance skills.
  • Foster and encourage continuous learning and professional growth.
  • Develop and implement training programs to address skill gaps and enhance team capabilities.

Qualifications:

• Bachelor’s Degree in Finance or Accounting or a related field.
• Postgraduate Qualification (Optional)
• Minimum 5-7 years of relevant experience is required, with at least a few years in a managerial or supervisory role.
• Proficiency in English and Afrikaans languages for effective communication within the team.

How to Apply:

• Email your comprehensive CV [e-mail].
• If you are already registered, please forward your CV and the relevant reference number to the consultant with whom you are currently registered in order to avoid duplicity on our system.
• We reserve the right to only conduct interviews with candidates of choice.
• Applicants who have not received feedback within 30 days from the closing date must please accept their application as unsuccessful.