Job Description

Job Details
Closing Date 2024/02/29
Reference Number SHO240222-3
Job Title Divisional Financial Manager Designate
Job Type Permanent
Location - Country South Africa
Location - Province Western Cape
Location - Town or City Brackenfell, Cape Town
Purpose of the Job

The purpose of the role is to drive the strategic growth agenda, operational excellence, critical stakeholder management and financial budgetary targets. The role is critical to ensure financial effectiveness throughout all departments, divisions and segments within the OK Franchise Division.

Job Advert Details
Job Category Finance
Job Objectives

Lead and prepare for monthly financial meetings.
Track and report on all financial performance measures within the OK Franchise Division, relating but not limited to member turnover, advertising recoupment, supplier rebates, member incentives & franchise fees etc.
Report on financial performance of corporate stores (ex member sites operated under Shoprite name).
Perform data driven analyses and solutions of operational matters that have financial impact.
Responsible for financial reporting and reconciliation pertaining to variance analysis, budgeting and forecasting, financial year-end recon, month-end journals, tracking of entries and resolving of account queries. (SAP platform)
Support Divisional Managers, Heads of Departments and Accountants with financial reporting and analysis.
Maintaining and improving internal financial controls.
Play an active role in advising the various departments on cost reduction opportunities and identify potensial cost savings initiatives/processes and recommend improvement.
Ensure that expenses are allocated to the correct accounts, cost centres and divisions.
Identify risks and implement mitigating risk controls by involving all stakeholders.
Ensure awareness of the relevant compliance framework and create stakeholder awareness.
Ensure awareness, involvement, and support of all key stakeholders and cross-functional teams i.e., buying, information technology and various internal and external functional areas by maintaining robust collaboration and communication.
Engage with all internal senior stakeholders and present business opportunities to enable the achievement of the business strategy.
Actively share insights and information with the members - act as a financial services knowledge resource for the members and functional teams where necessary.
Strong people management experience, and a clear understanding of the importance of succession planning.
Strong leadership attributes in leading the full OKFD leadership team with the finance agenda.
Playing a role of a strategist of identifying new financial/business opportunities.
Contributing to business needs analysis & development issues of finance related SAP & other projects
Qualifications

Qualified Chartered Accountant (CA(SA)) - (preferred)
BCom Finance, Commercial or equivalent - (essential)
Experience

+10 years of relevant experience in the Financial Services industry: operational process level in-store transactional activities and account reconciliations at a group level with IFRS, Tax, and VAT knowledge - (essential).
Exposure to and an understanding of Corporate, Retail, and/or Customer interfacing environment in a similar role (non-sector specific) - (preferred).
Advanced Excel experience - (essential).
Extensive exposure to SAP - (preferred).
Franchise operating model exposure - (preferred)
Knowledge and Skills

Connecting & driving - Encourages collaboration within and across teams. Addresses issues disrupting team effectiveness. Encourages communication and knowledge sharing to reduce working in silos. Helps to establish and promote team identity. Emphasises high standards and quality across the team. Reinforces expected behaviours and results in others by frequently reviewing current output and potential areas of improvements.
Self-motivated & driven with strong integrity - takes accountability for actions and mistakes.
Interacting & relating - Clearly, concisely, and coherently expresses key messages, ensuring all stakeholders are timeously kept abreast of changes. Adapts communication style to the intended audience. Responds to feedback and provides clarity where needed. `Understands the needs and interests of team members and stakeholders. Facilitates discussions and objectively listens to all sides. Shows respect for differences and diversity and manages conflict and performance without personalising issues.
Exceptional communicator - approachable, adopts a range of influencing and negotiation styles to facilitate and deal with challenges internally and externally.
Presentations and reporting - communicates actionable analytical findings verbally, visually and in writing. Persuades and influences pursuit of the recommended path.
Executing & achieving - Sets teams objectives. Brings in key stakeholders, allocating responsibilities and identifying the resources needed for plans to be executed. Holds team and individuals accountable for output and delivery. Sets challenging goals and helps individuals and the team to plan towards the successful achievement of desired results. Takes responsibility for the outcomes of the team, ensuring goals are aligned and achieved.
Responding & adapting - Reframes stressful situations to revive team energy and motivation. Exercises self-control, resisting impulses to act in the moment. Knows personal strengths and limitations and is open to constructive feedback. Identifies and leads change champions within the team, bringing them on board to help drive change processes.
Builds strong relationships. Ensures that all individuals, team members, and stakeholders feel valued, motivated, and equipped to contribute.Applies effective team goal setting, problem-solving and performance management. Deals constructively with employee performance (effective and ineffective).
Stakeholder relations - Builds a network amongst different stakeholders internally and externally the organisation that will help support the achievement of business goals. Manages conflicting needs and expectations of the stakeholders.
Business acumen & strategy development - Understands and connects with the company vision, values, strategy, business, and operating model combined with the industry within which the company operates. Engagement with business areas on capability or capacity development and related challenges. Ensures the utilisation of business and forecasting planning models, leveraging cost-benefit analyses when designing and implementing initiatives or making business decisions.
Financial acumen, budgets & reporting - Establishes and manages expenditure monitoring systems for the OKFD. Applies budget and report requirements, generating critical assumptions for planning and budgeting purposes. Understands cost drivers and is able reallocate resources as required.
Operational & Sales focus - Highlights commercial thinking around P&L. Establishes sales targets, identifies, and pursues new opportunities. Participates in writing commercial proposals for delivery of services and establishing relevant sales opportunities to optimise revenue generation.Someone who can spread themselves across multiple tasks simultaneously by working smartly, efficiently, and effectively. Diligently staying on top of the details and understanding how they fit into the big picture. Creates frameworks conducive to execution and measurement of deliverables. Measures operational excellence using benchmarks and performance standards.
Control activities & assurance measures - monitoring the implementation of risk mitigation measures. Assesses the appropriateness of risk treatment strategies, plans and controls. Reviews processes and records, determines risk exposure, and works alongside the team to identify high risk processes for frequent risk assurance reviews.
Strong financial and accounting expertise with a curiosity to research best practices along with an ongoing learning mindset.

Shoprite Holdings