Experienced Retail Finance manager
Hire Resolve
- Cape Town, Western Cape
- Permanent
- Full-time
- Collaborate with senior management to develop annual budgets for the retail department, ensuring alignment with organizational goals and objectives.
- Conduct regular financial analysis and forecasting to assess budget performance, identify trends, and propose corrective actions as necessary.
- Monitor retail expenses and revenue, analysing variances and providing insights and recommendations to improve financial performance.
- Prepare and review financial statements, ensuring accuracy, completeness, and compliance with accounting regulations and standards.
- Analyse financial data, providing insights/recommendations to guide strategic decision-making processes.
- Prepare ad-hoc reports as required by senior management, highlighting key financial indicators and trends.
- Develop and implement cash flow management strategies to optimize working capital and ensure sufficient liquidity for the retail department.
- Oversee and monitor cash flow operations, bank reconciliations, and petty cash management.
- Identify opportunities for cash flow improvement and implement measures to mitigate risks.
- Review retail department expenses, identifying areas of cost overruns or inefficiencies.
- Collaborate with the retail team to develop cost-reduction initiatives and monitor their implementation.
- Evaluate vendor contracts and negotiate pricing and terms to ensure optimal cost savings.
- Collaborate with internal stakeholders, such as procurement, human resources, and operations, to ensure alignment of financial activities with the overall organizational goals.
- Establish and maintain relationships with external stakeholders, including auditors, banks, and regulatory bodies, to ensure compliance with financial regulations and reporting requirements.
- Bachelor's degree in finance, accounting, or a related field. A master's degree or professional certification
- CA(SA) is preferred.
- 5+ years of experience as a finance manager in the retail industry (mandatory)
- Strong knowledge of financial management principles, accounting regulations, and best practices.
- Proficient in financial analysis, forecasting, and budgeting techniques.
- Strong analytical and problem-solving skills with excellent attention to detail.
- Advanced proficiency in financial software and spreadsheet applications.
- Excellent communication and interpersonal skills, with the ability to collaborate and effectively communicate financial information to non-financial stakeholders.
- Proven ability to work independently, prioritize tasks, and meet deadlines.
- A strong work ethic with a high level of professionalism and integrity.
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