Intern: Administrator (Budgeting) at The Foschini Group

About the position

JOB DESCRIPTION

Key Responsibilities:

• Inputting monthly billing information (credit base movement, P and L) per magazine product assigned to them following billing on the 12th of each month.
• Providing regular updates to the senior budget manager on the profit, expenses and income related to each product.
• Updating related portfolio reports including, but not limited to, cost per acquisition (per channel) and profit per member.
• Tracking and managing all accruals on expenses.
• Invoice management including Coupa uploads, receipting.
• Working closely with the relevant brand manager to understand product sales targets and actuals variances, highlighting areas of concern (e.g. cancellations, product expense ratios, promotional spend against ROI) and report on budget variances.
• Working with the relevant brand manager on summaries on product performance including billings, profit and expenses.
• Developing strong relationships with internal stakeholders including the VAS finance team, telemarketing management and the stores channel manager.
• Weekly reporting to the senior budget manager on all product budget related matters.
• Variance reporting on income and expenses at regular intervals including weekly P & L views.
• Ensuring all budgets formulas are correctly and consistently applied across the portfolio budgets.

Qualifications and Experience:

• Degree or Diploma in Finance, Accounting, Budgeting, Business or related qualification
• Strong Excel skills and a deep understanding of budget management
• Ability to effectively apply financial knowledge to ensure strategic growth of the portfolio

Skills:

• Strong (accurate) budgeting and financial skills
• Ability to work effectively as part of a team and individually
• Ability to present skilfully and confidentially when required
• Deadline driven
• Ability to work under pressure

Behaviours:

• Adhering to Standards - Ensures quality and compliance in the delivery of their work
• Commercial Thinking - Leverage's market and business insights in the delivery of their work
• Decision Making - Analyses complex situations to ensure effective and timely choices
• Driving & Perservering
• Meeting Customer Expectations - Consistently delivers exceptional customer service
• Planning & Organising - Uses a structured approach to effectively manage tasks
• Presenting & Communication - Articulates ideas clearly to different audiences
• Responding to Change - Shows a proactive mind-set and can effectively navigate changing circumstances

Preference will be given, but not limited to, candidates from designated groups in terms of the Employment Equity Act.