Pick n Pay is seeking a Finance Manager to fulfill a pivotal role in supporting the Head of Retail and ensuring the overall financial well-being and success of the Retail Operating Region. The Finance Manager will also play a crucial role in educating and supporting individuals within the business on financial matters, monitoring business financial health, and optimizing efficiencies across all aspects of the Operating Region’s Profit and Loss statement.
Minimum Requirements:
- BCom/Hons Degree in Financial/Management Accounting
- Minimum of 3 years of experience in Retail Finance Environment
- Extensive experience in Financial Modelling, Reporting, Analysis, Budgeting, and Forecasting
- Professional knowledge of Operating Business Model
- Experience in Management Accounts is essential
- Financial planning & reporting experience is critical for this role
Key Responsibilities:
- Provide comprehensive financial support to drive improved profitability and cost efficiencies within the business area
- Collaborate with retail leadership to align financial strategies with the overall strategic goals of Pick n Pay Business
- Ensure financial plans and objectives support long-term business goals and growth strategies
- Prepare business cases for new initiatives and investments as required by the Head of Retail/Finance Division
- Monitor performance against approved business cases and budgets
- Generate reports to provide insights for decision-making within the retail division
- Monitor financial performance, identify key trends, and analyze variances against budgets and forecasts
- Communicate financial information clearly and effectively to stakeholders
- Prepare regular financial reports for retail leaders and senior management
- Maintain project budgets and forecasts
- Ensure adherence to financial reporting standards and regulations
- Develop a deep understanding of the retail industry and Pick n Pay business to align advice and decisions accordingly
- Analyze cross-functional and business data to inform strategic and operational decisions
- Support Retail Finance executives in enhancing finance services and identifying new initiatives to support the business
- Assist in resolving financial audit queries
- Implement continuous improvement processes between Finance and Operations
- Lead or contribute to the annual budgeting and forecasting processes for the retail division
- Develop and implement key performance indicators (KPIs) to assess financial performance
- Collaborate with cross-functional teams to develop contingency plans for potential financial issues
- Act as the Risk Manager for the Operating Region, managing risk-related matters, audit queries, and insurance claims processes
Competencies:
- Strong financial analysis skills
- Understanding of accounting principles and financial reporting requirements
- Ability to identify, assess, and manage financial risks
- Proficiency in data analysis and management using finance tools such as SAP, BBP, and Analysis for Office
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