Job Description – Finance Manager
Position: Finance Manager: The Prestige Cosmetics Group
Department: Finance
Location: Cape Town
Reporting to: Finance Director
Purpose of the Role
The core purpose of the Finance Manager is to manage the full finance function of the business unit by providing excellent service to stakeholders and ensuring that there are sound financial controls in place, pro-active risk management and to provide accurate, reliable and trusted information/financial reporting to the business to enable sound business decisions.
KEY RESPONSIBILITIES
Budget and Financial Management
Prepare monthly management accounts and ensure that all financial reports are collated timeously and accurately.
Analyse financial data, project future trends to prepare financial forecasts and conduct reviews and reconciliations continuously to evaluate possible risk.
Manage and report on the working capital and cash of the business to ensure that cash is optimized in the business.
Ensure a robust control environment around the finances of the business unit, with the regular reconciliation of accounting records.
Lead the overhead and cost control of the business unit.
Ensure that all deliverables are prepared accurately, and all deadlines are adhered to for the annual company audit.
Facilitate annual budget process by providing guidelines, evaluating feedback from business and presenting reports and strategic initiatives to executive management.
Apply financial tools to prepare budgets in line with the business plan to achieve business objectives. Evaluate and take corrective action where required.
Conduct financial feasibility studies on new business opportunities with existing brands, new brands, new channels, new markets or new openings.
Project management of special projects including setting objectives, deadlines, financial models, implementation & follow through.
Process Improvement and Efficiency
Benchmark financial key performance areas and business processes against Group standards and industry best practices.
Continuously challenge the status quo to ensure business sustainability.
Identify and report on trends and out of line situations to establish and recommend business resolution based on analysis and evaluation.
Keep abreast of current and new changes within the finance industry to ensure compliance.
Ensure adherence to the required corporate governance standards and contribute to the development, update and implementation of policies and procedures where required.
Business Solution Generation
Advise and recommend business solutions based on appropriate analysis and evaluation.
Provide professional financial support to the business in terms of project viability, insightful financial reporting, internal advice and implementation of sound financial policies.
Optimize performance through the implementation of best operating practices within financial accounting areas of control.
Highlight relevant out of line situations - initiate actions and recommend corrective action to the relevant stakeholders.
Facilitate recommendations/suggestions on business development initiatives and ensure alignment to business needs (current and future).
Business Relationship Management and Networking
Recommend and advise stakeholders on best practice and Group Finance methodologies.
Optimize the business operations effectiveness by partnering with the business and the various Outsource Clients.
Identify retail related opportunities based on appropriate analysis and evaluation and advise or recommend relevant solutions.
Competencies
Analytical Thinking
Attention to Detail
Planning and Organising
Persuading and Influencing
Problem Solving
Entrepreneurial and Commercial Thinking
Deciding and Initiating Action
Delivering Results and Meeting Customer Expectations
Coping with Pressures and Setbacks
Requirements/qualifications
Accounting Degree or equivalent required.
Registrations to recognised professional body would be advantageous.
Minimum 5-year staff management experience.
Working experience on MS Office required.
Previous knowledge working on Syspro would be advantageous.
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