Job Title: Financial Manager - Retail Location: Parow, Cape Town
Company: Mambo's Storage & Home
About Us: At Mambos, we are committed to delivering top-notch retail experiences and high-quality products at affordable prices to our customers. Our success is driven by our team of dedicated professionals who uphold our values and contribute to our growth. We are currently seeking a skilled and experienced Financial Manager to join our team and oversee our financial operations.
Job Summary: The Financial Manager will be responsible for managing the financial health of our retail operations, providing strategic financial guidance, and ensuring the accuracy of financial reporting. The ideal candidate will have a strong background in financial management within the retail industry, excellent analytical skills, and a proactive approach to problem-solving.
Job Function: Assist in the consolidation of monthly results and analyze against forecast, budget, and prior year resultsPartner with corporate departments to provide meaningful expense analysis and facilitate the reforecasting of expensesSupport the annual budget and ongoing forecast process through the creation and management of submission templates as neededTake the lead in loading and reconciling budgets and forecastsAnalyze current business and system processes for potential areas of improvementActively participate in problem solving initiatives to determine root cause, gap analysis, along with the development and implementation of process improvement recommendationsSupport Senior Management with ad hoc budgeting, reporting and analysisKey Responsibilities: Financial Planning and Analysis:Develop and manage budgets, forecasts, and cash flow projections.Conduct detailed financial analysis to support strategic decision-making.Monitor financial performance against budgets and forecasts, providing insights and recommendations.Financial Reporting:Oversee the preparation of accurate and timely financial statements and reports.Ensure compliance with accounting standards and regulatory requirements.Present financial reports to senior management and stakeholders.Cost Management:Identify and implement cost-saving opportunities.Analyze operational costs and recommend strategies to improve efficiency.Monitor and control expenditure to ensure alignment with budgetary constraints.Risk Management:Assess and mitigate financial risks.Ensure effective internal controls are in place to safeguard company assets.Monitor and manage the company's financial liabilities.Inventory and Asset Management:Oversee inventory accounting and valuation.Manage fixed assets and depreciation schedules.Ensure accurate tracking and reporting of inventory levels.Systems Management:Manage relationships with systems service providers to ensure that system users receive appropriate support and oversee all system changes and enhancements.Team Leadership:Lead and mentor the finance team, fostering a culture of continuous improvement.Provide training and development opportunities for team members.Coordinate with other departments to support financial planning and operational goals.Strategic Initiatives:Participate in strategic planning and business development activities.Provide financial insights and analysis to support expansion and investment decisions.Drive financial initiatives to support the company's long-term goals.Qualifications: Bachelor's degree in Finance, Accounting, or a related field. Minimum of 5 years of experience in financial management, preferably within the retail industry.Strong knowledge of financial principles, practices, and regulations.Proficiency in financial software ( SAP Business One/ Systech ) and Microsoft Office Suite (Excel, PowerPoint).Excellent analytical, organizational, and problem-solving skills.Strong working knowledge of Financial Statements (P&L/Balance Sheet)Strong communication and interpersonal skills.Ability to work collaboratively in a fast-paced environment.High level of integrity and professionalism.Attributes include a mix of technical skills, personal qualities, and professional behaviours:
Analytical Skills:Strong ability to interpret and analyze financial data.Proficient in identifying trends, patterns, and anomalies in financial statements.Attention to Detail:Meticulous in ensuring accuracy in financial reports and documents.Diligent in checking for errors and inconsistencies.Strategic Thinking:Capable of developing long-term financial strategies aligned with business goals.Skilled in forecasting and planning for future financial scenarios.Effective Communication:Clear and concise in presenting financial information to various stakeholders.Ability to translate complex financial concepts into understandable terms for non-financial colleagues.Leadership and Team Management:Strong leadership skills to guide and motivate the finance team.Proficient in delegating tasks and fostering a collaborative work environment.Problem-Solving Abilities:Adept at identifying financial problems and generating practical solutions.Resourceful in overcoming financial challenges and obstacles.Technical Proficiency:Expertise in using financial software and tools (e.g., ERP systems, Excel, financial modeling software).Knowledgeable about the latest financial technologies and practices.Ethical Integrity:High ethical standards and commitment to transparency and honesty.Ensures compliance with financial regulations and ethical guidelines.Adaptability:Flexible and able to adjust to changing financial conditions and business environments.Open to new ideas and approaches in financial management.Business Acumen:Strong understanding of the overall business and industry context.Ability to align financial management with the organization's strategic objectives.Risk Management:Skilled in identifying potential financial risks and implementing mitigation strategies.Proactive in establishing and maintaining robust internal controls.Customer Focus:Understands the impact of financial decisions on customer satisfaction.Develops financial strategies that support and enhance customer experiences.Time Management:Efficient in managing time and prioritizing tasks to meet deadlines.Capable of handling multiple responsibilities and projects simultaneously.Negotiation Skills:Effective in negotiating contracts, financial terms, and agreements.Achieves beneficial outcomes for the organization in financial dealings.Continuous Learning:Committed to ongoing professional development and staying updated with industry trends.Seeks opportunities for further education and skill enhancement.
About Us: Mambo's mission is to help individuals and households create organized, functional, and stylish living spaces. We provide a comprehensive range of innovative, quality storage and homeware solutions in beautiful stores that offer exceptional customer service and a fun shopping experience. Together we can create and inspire a sense of order and calm, making life easier.
We're constantly asking ourselves how we can do more and make a greater impact, and that starts by reimagining everything that a company and industry can be. We want to demonstrate that a business can scale while doing good in the world, without charging a premium for it. And we've learned that it takes creativity, empathy, and innovation to achieve that goal.
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