Operational Financial Manager

Tyron Consultancy; Cape Town; On-site; ZAR 600,000 - 800,000; Full time

Job summary

A financial consultancy in Cape Town is seeking an Operational Financial Manager to oversee financial planning, budgeting, and operational efficiency. The ideal candidate will have at least 5-7 years of experience in financial roles with managerial experience, and must be proficient in English and Afrikaans. This role offers a dynamic work environment focused on collaboration and performance improvement.

Qualifications

• Minimum 5-7 years of relevant experience required, with at least a few in a managerial role.
• Proficiency in English and Afrikaans for effective communication.

Skills

Financial Planning & Analysis

Budgeting & Cost Control

Operational Efficiency

Performance Reporting

Risk Management

Strategic Partnership

Resource Allocation

Process Improvement

Compliance

Communication & Collaboration

Customer Focus

Leadership & Supervision

Training & Development

Education

Bachelor’s Degree in Finance or Accounting

Postgraduate Qualification

Job description

Operational Financial Manager required in Elsies River, Cape Town.

Duties and Responsibilities:

• 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.

Requirements:

• 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.