Financial Manager

Website Retsol International

Retsol International – originally founded as food franchise business has, since inception in 2002, established a network of franchise stores across southern Africa (Botswana, Mauritius, Mozambique, Namibia, Reunion, South Africa, Zambia and Zimbabwe).

We are franchises of Debonairs stores, Mugg and Bean, Steers and Keg.

“We deliver Retail Solutions that respond to every aspect of what makes retail successful. Our expertise extends from large-scale food production to store development, project management, procurement, distribution, brand development, marketing, IT systems and training. If we are not implementing these for our own stores – then we’re providing insights and advice to other retailers as consulting partners.

We currently seek the services of a Financial Manager,

Financial Manager Job Specification

1. Minimum Requirements

a. Qualifications

i. Must be Chartered Accountant

ii. Full ACCA, CIMA or ZICA

b. Work Experience

i. Minimum 5 years’ experience post qualifying as a financial manager

ii. Must have managed a business/company with minimum requirements.

1. Turnover greater than K20million per year

2. Company staff of more than 50 people.

iii. Must have at least 5 staff directly reporting to you.

c. Systems Experience

i. Advanced Excel Skills

ii. Office 365

iii. Accounting ERP system experience (at least 5 years)

2. People Management

a. Provide support and leadership to business unit accountants (manage their KPI’s)

b. Management of 10+ accountants

3. Management Role

a. Liase daily with senior management on various financial matters as required by the business,

b. Responsible for:

i. Tax, Audit and Statutory Compliance

ii. Treasury – review of payments

iii. System ownership (Database)

c. Timeous preparation of Month-end Financial Packs

d. Implement finance efficiency projects.

e. Manage and report on Financial Risk to Senior management.

f. Systems maintenance

i. Palladium

ii. Store Point of Sale Systems (Aura, GAAP, Orbis, etc)

4. Finance Department Objectives

a. Provide Accurate, Complete and Daily Financial information to business.

b. The management accounts (defined as trial balance, income statement and balance sheet) is made available to the business unit managers timeously.

c. Income statement and Balance sheet must be 100% accurate.

d. Daily Management Accounts finalised as components during the day, for Example,

i. KPI report on Gross Profits must be reported by 11.00.

ii.Cash book completed by 10.00.

iii. Full management accounts available by 18h00,

e. All the source records for the PREVIOUS day must be recorded in the accounting reporting system Palladium,

i. Is validated by means of an agreed reconciliation.

ii. Accurate – Every entry in the accounting system is supported by an approved source document.

iii. Complete – There is NO missing entries in the information presented.

iv. Provide analysis of information relative to budgets and other variances

v. Comments on where there are variances.

f. Manage the following activities to ensure that individual team DAILY KPI’s are met.

i. Debtors (debtor’s days)

ii. Creditors

iii. Stock management

5. Implement and Maintain the Financial Control System

a. Controls must be implemented on data capture stage, so that the data is accurate on entry.

b. All source entries must be supported by authorisation and documentation.

c. Accountants role is to validate the numbers daily to ensure that the system information is accurate

d. Ensure that all items are reconciled.

e. Compare data to third party documentation.

f. Automate the reports required by the business – set up on automatic reporting system off Palladium database.

g. Distribution of Information is done by directly from Palladium reports.

h. Accountants to report on numbers daily with comments on variances.

i. Recipe / BOM management

j. Qty

k. Costs

l.  WIP review

m. Stock count variances

n. Daily stock replenishment

Salary and related information

o  Salary negotiable – for the right candidate

interested Candidates should send their cover letter and CV in one document to [email protected]

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