Job Description

Position summary
Industry: Auditing/Accounting
Job category: Internal Auditing
Location: Cape Town
Contract: Permanent
Remuneration: Market-related
EE position: No
Introduction
To provide in conjunction with the Head of finance, the BU with a sound system of performance management that is aligned with the achievement of company wide financial goals and balanced scorecard. To optimize the ongoing and sustainable profit performance of the decision by providing the necessary decision-making framework and support.
Job description

• Maintained the BU financial model that clearly identifies the key operational profit drivers of the BU and that is aligned to company and BU strategy. Utilised the BU financial model to inform commercial decision making to achieve BU financial goals.

• Monthly performance reporting is in place for the BU and groups with variances highlighted and recommendations made to improve BU and group profitability.

• The BU scorecard are maintained that are aligned to the corporate scorecard with relevant measures highlighting performance of the BU. Scorecards are integrated into month performance review.

• In-depth profitability analysis is performed on key financial risk / opportunity areas to support and inform commercial decision making. The financial levers are understood and communicated to the business together with clear recommendations. Insights clearly presented to BU leadership team and wider business.

• Key business initiatives are reviewed and business cases generated and support provided to ensure that they meet the required returns. Support is provided to the BU to present these cases to the Investment Committee. Implementation is reviewed to ensure delivery of benefits.

• Effective delivery of inputs to the BU's financial plans in the form of a Integrated Business Plan (IBP) and the annual budget that is aligned with the BU strategy. BU stakeholders engaged with to gain input and provided with accurate and aligned plans and budgets for the BU.

• Forecasts are accurate, available on a timely basis, aligned with BU stakeholders expectations and in line with business performance and expectations.

• Budget & forecast variances are analysed and recommendations are made to correct or improve BU profitability.

• Identify cost management opportunities - processes or expenses - which are not ensuring a sound return for shareholders and make recommendations on how these should be dealt with

• Positive feedback from BU Leader and leadership and their teams that there has been an effective contribution to BU financial performance.

• Play an effective role in the BU Finance team to ensure the combined delivery of the BU Finance Strategy.

• Relevant Financial qualification - CA (SA) or B Comm.

• CA (SA) - 2 years post qualifying experience with experience in retail

• B Com H - 5 years post articles experience with experience in retail

• Able to develop and use complex financial models and to define key profit drivers

• Able to explain difficult financial concepts and models to the business

• Able to develop and use models for ongoing Business Unit performance assessment and management.

• Able to produce and present clear financial management information.

• Able to engage and influence the business financial decision making

• Able to analyze financial information and make clear recommendations for improvement to line management - even when this is unpopular.

• Able to communicate complex and often contentious matters to senior management both verbally and in writing.

• Able to inspire and motivate others around them

• Able to effectively use and improve how we use the latest decision support technologies (e.g. Qliksense, Cognos, Excel).