Senior Group Manager

Malander Careers; Wes-Kaap; On-site; ZAR 1,800,000 - 2,400,000; Full time

Job summary

Malander Careers in Cape Town seeks a Senior Group Manager CA(SA) to oversee the financial management of a renowned retail group. The role focuses on IFRS reporting, governance, and strategic financial guidance for senior management.

Extensive retail experience and immediate availability are essential. The successful candidate will lead technical accounting, share schemes, funding, and sundry debtors functions within a listed group.

Qualifications

• CA (SA) qualification required.
• At least 10 years post-articles in a complex financial environment.
• Finance Manager level experience in a public listed company, ideally in retail.
• Strong numeracy with understanding of accounting standards and financial controls.

Responsibilities

• Oversee technical accounting, IFRS compliance, and reporting.
• Manage share schemes accounting and disclosures for the Group and subsidiaries.
• Participate in funding negotiations, covenant reviews, and reporting to board/investment committees.
• Oversee sundry debtors, reconciliations, and related reporting.

Skills

Numeracy

Financial reporting

Accounting standards

Credit retail experience

Education

CA (SA)

Job description

Malander is seeking an astute Senior Group Manager CA(SA) for a renowned retail company based in Cape Town. The Senior Group Manager CA(SA) will be responsible for overseeing the financial management of the company, ensuring compliance with all relevant regulations and standards, and providing strategic financial guidance to senior management. Extensive retail industry experience and immediate availability is essential for this role.

Job Responsibilities:

Technical Accounting

• Assume responsibility for all technical accounting matters, including the implementation and oversight of new accounting standards
• Member of the Group accounting forum, which is responsible for overseeing the accounting treatment, processes and preparation of financial statements of the Group and subsidiary companies
• Oversee the preparation and review of the Group and subsidiary company annual financial statements, ensuring best-in-class financial reporting, IFRS compliance and technical accuracy within a tight reporting timetable
• Facilitate the technical review by external auditors of the Group and subsidiary company annual financial statements
• Responsible for maintaining the financial reporting control framework for purposes of the CEO/CFO attestation as required in terms of the JSE Listings requirements

Share Schemes

• Responsible for all share scheme and related accounting, including reconciliations
• Prepare share scheme disclosure for Group and subsidiary company annual financial statements
• Prepare share scheme workings and reconciliation for the Group tax team to facilitate income tax calculations and returns
• Maintain the data in the accounting package used for share-based payment accounting, including the reconciliation to the share scheme system
• Assist with the preparation and review of the calculation of diluted number of shares in iss
• Accounting for the Group’s share scheme trust

Funding

• Participate in funding negotiations and review of funding agreements
• Monitor covenant compliance and report back to lenders
• Report to board and investment committee on covenant compliance and funding costs
• Review all related reconciliations
• Oversee the finance imports (shipping) function and provide guidance and support to the team
• Review all journals, reconciliations and monthly profit & loss/trading reports
• Check and approve import clearing agent invoices and payments
• Report to investment committee on foreign exchange exposures
• Report to tax forum on import VAT and duty compliance
• Oversee the merchandise accounts payable function and provide guidance and support to the team
• teamsReview all reconciliations and ad hoc transactions

Sundry Debtors

• Oversee sundry debtors team and provide guidance and support to the team
• Review all journals and reconciliations
• Responsible for monitoring and reporting on all sundry loans/advances to suppliers and the Group’s supplier development fund

Essential Qualifications:

• CA (SA)
• Currently the candidate should at least be at a Finance Manager level in a public listed company of a similar size, and ideally within retail or similar sector
• Extensive experience (at least 10 years post articles or more) and successful track record of working in a complex financial environment, at this level
• Highly numerate with a professional understanding of technical accounting standards, financial statements and reporting, and financial controls
• Experience in credit retail would be an advantage