POSITION: Financial Manager
LOCATION: Southern Suburbs, Cape Town
Must be from the Hospitality industry 

Reporting to: Directly to the company MD and indirectly to the group CFO

This position will play an important strategic role in our management team, where you will oversee all aspects of Hospitality finance functions.
The ideal candidate will strategically plan, direct, and control the financial and administrative functions of the business,
with focus on creating a sustainable financial business environment.


Main purpose of job:

• To plan, direct and control financial and administrative functions
  
  Qualifications and work experience:
  
  Minimum Education:
• B comp Hons Degree

Advantageous Qualifications:

• CIMA
• Articles
• CA

 
Minimum Work Experience:

• At least 5 years’ experience

Advantageous Work Experience:

• Comprehensive experience with Opera, Micros and NAV (Microsoft Dynamics 365)

An ideal candidate:

• Can work independently as well as collaboratively part of a team
• Has a high attention to detail, but can also look at the big picture
• Can think creatively and flexibly as well as do routine work
• Has an affinity for problem solving, solution finding, and positivity
• Has strong management and leadership experience
• Loves working as part of a team towards a common goal
• Delivers on deadlines and deliverables and manages expectations
• Believes in holding themselves, their reports, and their colleagues accountable
• Has experience with constructive criticism and doesn’t shy away from giving or receiving feedback
• Has a favorite Excel function

Key Result Areas:

Financials

• Income statement and Balance sheet accounts reconciled and checked
• Support: Accounting team to TB level

Budget preparation & presentation
Sales reports

• Weekly

Fixed assets and asset register

• Support: Accounts staff

Payroll

• Review and sign-off
• Support: HR department

Cost of sales and stock (restaurants)

• Ensure cost of sales within acceptable percentages
• Investigate COS % variances & stock variances

Strategic Support

• Audit - Support: Accounting team
• Cash flow & Cash management
• Insurance
• Statutory reporting & submissions
• Business Management

Key areas of responsibility & main functions include:

Financial Reporting

• Prepares and presents management accounts
• Prepares and presents financial reports to assist in decision making & planning
• Ensure all reporting deadlines are met
• Ensures accuracy of daily and monthly reports & other management reports

Cash Flow management

• Plans, maintains and utilizes the cash resources to meet obligations and business objectives

Budgets

• Manages the budget process and compilation of a feasible, accurate annual budget
• Budget preparation & presentation

Financial Planning & Forecasting

• Prepares and presents cash flow forecasts
• Provides insight and analysis regarding risk, financial and operational implications to enrich decision making
• Participates in the provision of strategic financial information
• Investigate stock and cost of sales variances
• Research, consolidate, submit annual budget
• Attends monthly management meetings

Financial Control & Compliance

• Establishes and maintains financial control functions to ensure conformance to legislation, policies and procedures and accounting principles
• Ensures business is following its statutory requirements
• Manages accounting and financial systems.
• Conducts financial analysis and prepares financial reports and statements
• Provides financial and accounting advice, direction and leadership
• Ensure that the audit requirements are met.
• Responds to auditors’ comments concerning finances and operations and oversees required action to address deficiencies
• Implements and monitors payment authority practices
• Maintains cash controls.
• Monitors all department spending and recommends corrective actions as necessary.
• Oversees the fixed assets register

PAYE, VAT, other related tax obligations

Payroll

• Manages and coordinates the monthly payroll with HR
• Reviews all recruitment, promotions, and increases for new and existing staff
• Ensures that all packages are correct after increases

Audit

• Oversees the annual financial audit
• Oversees the annual BEE audit
• Ensures all audit requirements are met
• Ensures financial information is prepared and audit ready

Insurance

• Responsible for preparing annual insurance renewal information
• Liaise with insurance brokers when dealing with claims

IT & Information systems

• Oversee compliance and operational integrity of information system
• Safeguard financial and other key information
• Ensure business is compliant with POPI requirements

Business Management

• Translation of business goals into measurable objectives
• Ensure the financial department supports operational teams to enable them to meet strategic objectives
• Monitoring the goals and objectives
• Work with the relevant HOD’s to achieve the goals
• Scenario/strategic Planning for Hospitality

General

• Guide, mentor and upskill the finance team and other stakeholders
• Oversee and assist with daily accounting and reconciling of control accounts
• Manages staff
• Compiles lists of the assets to be insured and the values thereof
• Manages the maintenance and upgrade of financial, and hospitality information systems
• Performs other tasks as requested