Financial Manager (restaurant Industry), Southern Suburbs

South Africa, Western Cape, Southern Suburbs
Last update 2024-07-14
Expires 2024-08-14
ID #2218847411
Financial Manager (restaurant Industry), Southern Suburbs
South Africa, Western Cape, Southern Suburbs,
Modified July 2, 2024


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  

Job details:

Job type: Full time
Contract type: Permanent
Salary type: Monthly
Occupation: Financial manager (restaurant industry)

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