Junior Financial Manager

South Africa’s leading health and wellness retailer.  We believe in pure, natural goodness – plain and simple. We aim to partner with you on your unique wellness journey while honouring people and the planet in all that we do.

ROLE REQUIREMENTS:

Areas of responsibility:

• In respect of financial process and controls:
  • Develop and document business processes and accounting policies to maintain and strengthen internal controls
  • Ensure that the company’s financial systems are robust, compliant and support current activities as well as future growth ambitions
  • Constantly investigate process improvement
  • Oversight of all transactional activities (accounts payable and accounts receivable)
• Maintain financial records and GL accounts
• Monthly journal entry processing
• Drive month-end and year-end close procedures
• Deliver a clean and accurate trail balance at month end for review by senior staff
• Oversight of feasibilities for new stores and store closures
• Developing reports and analytical insights to inform the business and to drive business improvement opportunities
• Identification of opportunities for working capital improvements
• Preparation of accurate monthly management accounts within committed reporting timetable
• Reporting on variances on actuals vs budget income and expenditure
• Assist in the preparation of board packs
• Drive the annual budgeting process, ensuring on-time and accurate delivery in accordance with set timelines
• Responsibility for the management of property leases for the business
• Monitoring and maintenance of fixed asset register
• Review large overdue accounts and work on /propose plans to drive collections
• Drive visibility of inventory, accounts payable and cash collections performance
• Prepare cash flow forecasts and cash flow maintenance, ensuring that the company has sufficient cash available to meet its commitments
• Loading of payment on to bank
• Engage in ongoing cost reduction analysis in all areas of the company
• Provide monthly analysis of variable and fixed expenses and provide recommendations to management to improve profitability
• Accurate and on-time statutory return submissions
• Ensure that regulatory requirements of all statutory bodies are met in respect of the year-end audit:
  • Liaise with external auditors
  • Coordinate the audit process
  • Oversee the preparation of audit files and provide assistance where required
  • Ensure delivery of unqualified annual financial statements within committed timelines
• Management of the day-to-day finance function and finance team
• Ensuring that the finance team is made up of the right calibre of people to deliver on the finance function’s strategic priorities
• Review of all underlying team work including debtors cycle/creditors cycle/bank etc.
• Keeping abreast of latest SARS/IFRS developments
• Review and sign off of monthly payroll
• Assist the senior financial management with ad hoc tasks/projects as and when required
• Maintain relationships with the company’s bankers and financiers
• Legal related issues, trademark registrations and renewals and company secretarial matters
• Tax compliance 9vat and income tax returns) as well as identifying tax planning opportunities
• Responsible for the IR function within the business

JOB SPECIFICATIONS:

• 5 years previous financial management experience
• Fully qualified CA(SA) or equivalent – min requirement is B.Com + completed articles
• Previous experience in managing a finance team
• Strong working knowledge of MS Office Suite, specifically MS Excel
• Medium or large scale recognised ERP experience (Sage, SAP, netsuite)
• Payroll administration
• SARS reporting
• Management reporting

ATTRIBUTES:

• Strong technical ability, accounting knowledge through to AFS
• Strong leadership skills
• Strong communication and presentation skills – both written and verbal
• Deep understanding of business principles and practices
• Integrity and honesty
• Ability to take ownership and work responsibility
• Mature, trustworthy and ethical
• Ability to work well in a team environment
• Good time management skills
• An enquiring and curious mindset with an attitude of continual improvement and a desire to add value
• The ability to understand and evaluate detail but equally being able to actively participate in strategic discussions
• Energetic, hands-on, high-quality standards and a result oriented individual