Trainee Divisional Financial Manager (DFM)

The Shoprite Group of Companies; Umhlanga Rocks; On-site; ZAR 200 000 - 300 000; Full time

Job summary

A leading retail group based in Umhlanga Rocks is seeking a Trainee Divisional Finance Manager. This role involves participating in financial activities, managing budgets, and ensuring compliance within the division. Candidates should be flexible and ready to take on various responsibilities for strategic and operational financial direction, enhancing profitability through effective asset management.

Qualifications

• Mobility to participate in various developmental financial activities.
• Understanding of financial management, budgeting, and reporting.
• Ability to analyze financial results and implement corrective actions.

Responsibilities

• Provide strategic and operational financial direction to the Division.
• Manage overall financial activities including budgeting and planning.
• Ensure compliance with financial processes and standards to mitigate risk.

Job description

Role Purpose

The purpose of the Trainee DFM role is to participate in various developmental or experiential financial activities in preparation for a DFM role. Given the nature of the process, mobility is key as one gets placed into roles as they become available (due to DFM movement). Although an outline of the programme is standardised, each Trainee Divisional Finance Manager will have a different learning experience based on their own exposures and development needs as assessed against the DFM role – gap analysis and readiness for placement.

What Candidates Are Working Towards

The purpose of the DFM role is to provide strategic and operational financial direction to the Division. The role is responsible for the overall financial management of the Division which includes budgeting, financial reporting, planning and analysis to enable business decision-making as well as ensuring that appropriate financial processes, controls, and standards are in place to mitigate risk and support a high growth business. The role oversees the operational financial activities including risk mitigation and loss prevention plans. The role provides accounting, commercial and business input into all aspects of the Divisional business unit business (Finance, Administration, Operations, Sales, HR, and IT etc.). The DFM focusses on the achievement of financial targets and business imperatives that will ensure that the divisional plan is successfully delivered upon. To improve divisional profitability by securing company assets and taking continuous corrective action based on the analysis of financial- and internal audit results.