Retail Financial Manager

The Recruitment Guy (Pty) Ltd; Newcastle; On-site; ZAR 500 000 - 700 000; Full time

Job summary

A specialized recruitment agency is seeking an experienced Retail Financial Manager for a supermarket in Newcastle. This role demands strong financial leadership and extensive retail experience, focusing on financial management, budgeting, and compliance. Candidates must possess a tertiary qualification in accounting and at least 5 years of relevant experience. This position requires handling financial reports and supporting department managers to ensure business goals align with retail operations.

Qualifications

• Minimum 5 years’ experience as a Financial Manager in a retail environment.
• Strong knowledge of retail POS systems and financial processes.
• Clean criminal record and traceable references are mandatory.

Responsibilities

• Oversee full financial function of the supermarket, including supervising staff.
• Prepare monthly management accounts and financial reports.
• Assist in annual budgets and long-term financial planning.

Skills

Retail financial management

Advanced MS Excel

Analytical skills

Leadership capabilities

Education

Tertiary qualification in Accounting/Finance/Cost & Management Accounting

Tools

Pastel

Sage

Omni

Job description

Retail Financial Manager required in Newcastle.

An opportunity for an experienced Retail Financial Manager (Supermarket) is available for permanent employment based in Newcastle.

This role requires a strong, hands‑on financial leader with solid retail experience, strong integrity, and the ability to operate effectively in a fast‑paced, high‑volume environment.

Duties and Responsibilities

• Financial Management & Reporting
  • Oversee full financial function of the supermarket, including General Ledger, cashbook, creditors, debtors, and reconciliations.
  • Prepare monthly management accounts, financial reports, and variance analysis.
  • Analyse sales, GP margins, shrinkage, and stock losses, providing recommendations for improvement.
  • Ensure accurate and timely capturing of financial data and operational costs.
• Budgeting & Cost Control
  • Assist in annual budgets, forecasting, and long‑term financial planning.
  • Monitor and control expenses, operating costs, and departmental expenditure.
  • Implement cost‑saving initiatives without compromising operations.
• Retail Operational Finance
  • Manage cash flow, banking processes, and daily financial controls.
  • Oversee POS controls, daily cash‑ups, and ensure compliance with cash‑handling procedures.
  • Support department managers with sales analysis, stock management, and stock take preparation.
  • Ensure correct statutory compliance (VAT, PAYE, UIF, etc.).
• Leadership & Compliance
  • Supervise and mentor finance/admin staff.
  • Ensure adherence to all financial policies, audit requirements, and internal controls.
  • Work closely with store management and ownership to ensure alignment with business goals.
  • Support external audits and provide all required documentation.

Requirements

• Minimum 5 years’ experience working as a Financial Manager in a RETAIL environment (essential).
• Tertiary qualification in Accounting / Finance / Cost & Management Accounting (essential).
• Strong knowledge of retail POS systems, stock control, and financial processes.
• Advanced MS Excel skills (pivot tables, VLOOKUPs, reporting).
• Experience with accounting software (e.g., Pastel, Sage, Omni, or similar).
• Strong analytical, numerical, and problem‑solving skills.
• Excellent leadership, communication, and organisational abilities.
• Newcastle residency (non‑negotiable).
• Willing and available to work retail hours, public holidays, weekends, and seasonal trade.
• Clean criminal record and traceable, contactable references (non‑negotiable).
• High level of integrity, confidentiality, and professionalism.

Personal Attributes

• Reliable, disciplined, and accountable.
• Strong attention to detail and accuracy.
• Hands‑on, proactive, and solutions‑driven.
• Able to perform under pressure and meet strict deadlines.
• Professional, ethical, and committed to high standards.