Commercial Finance Manager
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Job Location:
Durban - South Africa
Monthly Salary:
Not Disclosed
Posted on:
30+ days ago
Vacancies:
1 Vacancy
Job Summary
Description
Financial Planning and Analysis
- Developing Financial Models: Constructing detailed financial models to predict future financial performance under various scenarios.
- Forecasting: Utilizing historical data market trends and seasonality to project future revenues expenses and profitability.
- Strategic Analysis: Providing insights on potential business ventures and strategic decisions through detailed financial analysis.
- Product Analysis: Provide financial models that can be used to build profitable
Budget and Forecast Management
- Budget Creation: Collaborating with department heads to create realistic and achievable budgets that align with the companys strategic goals.
- Variance Analysis: Comparing actual financial performance against the budget and investigating significant variances to understand their causes.
- Resource Allocation: Ensuring that financial resources are allocated efficiently to support key business initiatives and operational needs.
Reporting and Compliance
- Financial Statements Preparation: Overseeing the preparation of balance sheets income statements and cash flow statements in accordance with accounting standards.
- Regulatory Compliance: Ensuring all financial reporting complies with relevant laws and regulations such as GAAP or IFRS.
- Internal Reporting: Providing timely and accurate financial reports to internal stakeholders to aid in decision-making.
Performance Monitoring
- KPI Tracking: Identifying and monitoring key performance indicators to measure financial health and operational performance.
- Benchmarking: Comparing the companys financial performance against industry standards and competitors.
- Performance Reviews: Conducting regular reviews with management to discuss financial performance and implement necessary adjustments.
Risk Management
- Risk Identification: Recognizing financial risks related to market fluctuations credit liquidity and operational inefficiencies.
- Risk Mitigation Strategies: Developing and implementing strategies to manage and mitigate identified risks.
Stakeholder Management and Decision Support
- Providing decision support to senior finance leadership
- Maintaining relationships with stakeholders
- Providing real-time support financial guidance and insights into business performance
- Supporting development of business cases and proposing financial solutions to challenges
- Works closely with business units to understand their needs and challenges.
- Develops business cases for new initiatives and assesses commercial feasibility.
Cost Control and Efficiency
- Cost Analysis: Conducting thorough analyses of cost structures to identify areas for cost reduction.
- Process Improvement: Recommending and implementing process improvements to enhance operational efficiency and reduce costs.
- Supplier Negotiations: Negotiating with suppliers and vendors to obtain the best terms and pricing to control procurement costs.
Investment Analysis
- Capital Expenditure (Capex) Evaluation: Assessing the financial viability of potential capital expenditures and projects.
- Return on Investment (ROI) Analysis: Calculating and analyzing the expected return on investment for various projects and initiatives.
Requirements
- Degree in Finance Accounting Economics Business Administration
- Chartered Accountant registration with appropriate recognised professional body.
- At least 6 years of professional experience or equivalent with 3-4 years of relevant experience in a well-disciplined organisation where best practices are integral to the management of the business.
- Experience leading a financial planning and analysis (or similar) team with a thorough understanding of financial accounting and management reporting.
- Solid experience leading and managing in a matrix environment.
- Experience in financial accounting and project management systems policies and procedures
- Experience in SQL database analytics and ERPs.
- Exposure to Telco or Banking environments preferred.
Knowledge skills and attributes:
- Strong commercial orientation and business acumen.
- Excellent analytical financial modelling and problem-solving skills.
- Ability to develop business cases and present financial information to senior stakeholders.
- Solid influence management and stakeholder engagement skills.
- Familiarity with SQL and database management for enhanced data analytics.
- General business analysis and strategic thinking.
- Previous experience in Telecommunications or Banking sectors will be advantageous.
- Excellent knowledge of GAAP IFRS and related financial compliance requirements.
- High energy enthusiasm and a proactive approach to continuous improvement.
- Ability to work in a dual reporting matrix environment
Work Level
Senior
Job Type
Permanent
Salary
Market Related
EE Position
No
Location
Durban
Required Experience:
Manager
Key Skills
- Forecasting
- Hyperion
- Cost Management
- Construction Estimating
- QlikView
- Bus Driving
- Analysis Skills
- HubSpot
- Salesforce
- Market Research
- negotiation
- Financial Planning
About Company
Ignition Group delivers efficient and exceptional business solutions globally, driven by the power of technology, data and people.
