Job Description

Position summaryIndustry: Financial ServicesJob category: Other: Banking, Finance, Insurance, StockbrokingLocation: Cape TownContract: Fixed Term ContractEE position: NoIntroductionTo assist the Business Unit Financial Manager/Senior Profit Analyst with providing the business 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 supportJob description

• Assist the Business Unit Financial Manager / Senior Profit Analyst with month end reporting. Variances to budget and last year are analysed and recommendations are made to correct or improve Foods profitability.
• Assist the Business Unit Financial Manager / Senior Profit Analyst with effective planning in the form of an annual budget which is regularly updated with a forecast. Liaise with the BU stakeholders to provide accurate, consolidated budgets and forecasts for the BU.
• Budget & forecast variances are analysed and recommendations are made to correct or improve Foods profitability.
• Assist the Business Unit Financial Manager / Senior Profit Analyst with in-depth analysis which is performed on key financial risk / opportunity areas in the business. The financial levers are understood and communicated to the business together with clear recommendations.
• Assist the Business Unit Financial Manager / Senior Profit Analyst with expense reports and variance analyses on BU cost centres. Identify cost management opportunities - processes or expenses - for ensuring a sound return for shareholders and make recommendations on how these should be dealt with.
• Prepare and maintain / update performance scorecards on a monthly basis.
• Assist the Business Unit Financial Manager / Senior Profit Analyst with reviewing business initiatives 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.
• Positive feedback from Foods Trading Head and the Trading team that there has been an effective contribution to financial performance.
• Play an effective role in the Finance team to ensure the combined delivery of the Finance Strategy.

• Able to develop and use financial models and to define key profit drivers.
• Able to explain financial models to line management.
• Able to use models for ongoing Business Unit performance assessment and management.
• Able to develop and produce clear financial management information.
• Able to analyze financial information and make clear recommendations for improvement.
• Able to inspire and motivate others around them
• Able to effectively use latest decision support technologies (e.g. Hyperion, Cognos, Excel)

Minimum requirementsMINIMUM QUALIFICATION

• Relevant Financial qualification - B Comm or similar articles / experience.

EXPERIENCE REQUIRED

• B Comm or similar articles -

1 years experience within a retail (or similar) environment * B Comm or similar - 3 years' experience within a retail (or similar) environment

Woolworths