About the position
A Store Finance Manager is Needed for a Large Retails Store based in Cape Gate, Cape Town
This job is based in large retail Store
- Working hours are as follows:
- 7 Days a Week )Possibly 2nd/3rd weekend off to share with Senior Management)
- Saturdays until 16:00
- Sundays until 13:00
Candidates applying must have worked in a Retail environment.
The successful candidate will be reporting the GM of the Store.
Salary: R705 000 - R846 000 CTC P/A
Requirements:
AA/BEE Role
Minimum Academic, Professional Qualifications & Experience required for this position
- Com Degree
- 3-5 years relevant operational financial management experience in the retail/FMCG industries
Essential
- Evaluating problems
- Investigate Issues
- Building Relationships
- Communicating Information
- Processing Details
- Structuring Tasks
Leadership
- Critical Judgement and
- Decision making
- Build a customer focused environment
Functional Competencies
- Business Acumen
- Business owner mentality
- Grit
- Finance and Accounting
- MS Office proficiency
- Relevant SAP proficiency
- Numerical reasoning
- Entrepreneurial flare
- Analysis and judgement
- The position requires trust and honesty and that entails the handling of cash and/or finances
FUNCTIONS / RESPONSIBILITIES:
Control, manage and evaluate the full finance support function, including policies and procedures, for the store:
- Understand all systems that relate and effect the stores, identifying potential opportunities to enhance current systems and procedures and raising these with the Regional Finance Manager (Operations)
- Drive the change management and education of finance policies, procedures, processes and templates
- Ensure controls are adequate, and suggest additional controls where necessary, ensuring compliance with legislation and industry standards, and the effective implementation and understanding of key controls of a process throughout the store
- Manage and mitigate complexity in the business in order to trade
- Monitor and track adherence to the various finance policies, procedures, processes and templates
- Ensure full reconciliation of all income statement and balance sheet accounts, ensuring the accounting records are accurate and complete.
- Produce detailed reporting on all financial aspects of the businesses to enable tracking of progress
- Guiding and support all aspects of store in financial decision making
- Investigate ways to improve profitability
- Manage Front End within budget and company requirements.
- Facilitate good corporate governance
Consolidate and interpret allocated Store budgets, forecasts and actual performance:
- End to end support of the budget process
- Meet all timelines and have realistic and achievable budgets
- Analyse overall store actual performance compared to budget and/or forecast
- Compile financial forecasts and continuously revise and track the forecasts
- Compile monthly reports of actuals vs Budget and or forecast
Team Management:
- Ensure that all staff members in area of responsibility are duly trained and enabled to perform according the required standards for customer service
- Ensure that team members are customer focused and provide guidance, support or advice in situations where required
- Communication of team goals to employees.
- Through effective inspirational leadership, facilitate the creation of accountable, full service teams who understand and strive to meet the needs of all stakeholders
- Role model behaviour and motivate team members in line with the Company's way
- Take full responsibility for performance of all direct reports, motivating and managing them in relation to quality standards and agreed benchmarks and objectives, focusing on all aspects of sound people management:
- Recruitment
- Development
- Remuneration and Reward
- Performance Facilitation
- Career path planning
- On-the-job training, coaching & mentoring
Front End ,Stock Management (stock control and Receiving):
- Manage costs and customer service
- Monitor and review inventory management in store
- Optimizing inventory controls
Stakeholder Engagement:
- Maintain continuity between Head Office, DC and Stores work teams by documenting and communicating actions, irregularities and continuing nee
- Actively build relationships and network line management (including internal and external stakeholders) to gain a thorough understanding of operational impacts on the business through communicating appropriately and proactively providing solutions to address business needs relating to financ
- Work to align store objectives with business objectives and strategy
- Identify existing or potential problem areas and advise management team on how they can use Finance processes to make improvements
Desired Skills:
- Store finance management
- FMCG
About The Employer:
Large Retailer
