RETAIL FINANCIAL MANAGER

Job Ref #: RETAILFinancialMng0103
Industry: Retail
Job Type: Permanent
Positions Available: 1

We are currently seeking a dynamic individual to join our team and contribute to our ongoing success. The Retail Financial Manager will be responsible to report on all retail metrics and to control and provide guidance on retail finance expenditure through accurate reporting and appropriate governance.

Job Description

Econo Foods is a fast-growing FMCG Retail company specializing in frozen foods. Dedicated to delivering high-quality products at unbeatable prices, we prioritize customer satisfaction every single day. Our commitment to excellence, simplicity and our vibrant colourful people working at Econo Foods sets us apart in the industry. Central to our identity is our unique HO HOLA Culture, characterized by appreciation and recognition. We celebrate the contribution of every individual and foster a supportive environment where everyone can thrive.

We are currently seeking a dynamic individual to join our team and contribute to our ongoing success. If you are passionate about delivering exceptional customer service, collaborating with a diverse team, and embracing continuous learning and growth, Econo Foods could be the perfect fit for you. Join us in our mission to provide quality products, value, and service to our customers, every single day.

PURPOSE OF THE ROLE

To report on all retail metrics and to control and provide guidance on retail finance expenditure through accurate reporting and appropriate governance.

KEY RESPONSIBILITIES

1. Sales Metrics:

• Setup and issue of relevant sales reporting on an agreed cadence.
• Highlighting trends in the sales performance.
• Create regular forecasts that are accurate and business-relevant.
• Optimise reporting principles to ensure user friendly and ease of access.
• Create relevant GP margin reports for retail to highlight and grow GP margin.

2. Financial Reporting:

• Setup and issue of budget variance reports.
• Setup and issue of store expense reporting (P&L).
• Create monthly expense reports for use by Exco and management.
• Identify trends and leading indicators for overspending.
• Create margin expense management to improve effiencies.
• Assist in cost allocations and report on Capital expenses (trends and metrics).

3. Financial Governance

• Put in place governance with regard to expense allocations for all parties
• Be actively involved in guiding and setting up governance for in-store processes
• Create and maintain a guide to expense approval thresholds
• To apply exception management to identify key risk areas of expenses.

4. System Enhancement:

• Identify new reporting metrics and indicators relevant for retail.
• Assist and collaborate with the systems team to help implement new reporting methods.
• Collaborate with the systems to assist with improved systems for the retail function.

5. Retail People Metrics:

• Setup and report on all relevant People metrics for retail
• Calculate and submit all retail incentives as required by policy
• Assist with HR matters relating to Retail relevant for Financial management.

6. Monthly and weekly reporting:

•  Ensure that relevant weekly reporting is in place and accurate and timeous.
• Product-related reporting
• Price competitiveness
• Any retail reporting that is not covered by finance/sales or People Operations (HR) reporting.

7. Business Projects:

• Collaborate and support the retail team and the business with projects that relate to:
  • Expenditure reduction.
  • Sales growth.
  • GP improvement.
  • People/HR improved metrics.

8. Annual Budgets:

• Design and compile annual budgets for the retail function in an efficient manner.
• Ensure that all retail parties are involved in sales, expense, and people budgeting.
• Align to all business requirements on sales and expense growth as per guidelines.
• Submission in a timeous and accurate manner all required budgets to the finance team..
• Communication on approved budgets to all retail expense owners (including store managers).

9. People:

• Climate and engagement (Ho Hola)
• Performance management

Job Requirements

QUALIFICATIONS & EXPERIENCE

• B. Comm (Accounting) with B. Comm (Acc) Honours would be an advantage similar minimum 5 years’ experience in Retail.
• Proven experience of at least 5 years in a similar position in Retail.

COMPETENCIES REQUIRED

• Building and maintaining relationships with strong interpersonal skills – living out the company values and unique HO HOLA culture.
• Friendly, helpful, confident yet humble, and able to work well in a team.
• Ability to work in a highly competitive, fast past and dynamic environment.
• Ability to communicate fluently in English (written and verbal).
• Comprehensive knowledge of Microsoft.
• Strong communication skills.
• Accuracy and attention to detail.
• Analytical and strong problem-solving abilities.

HOW TO APPLY

If you are passionate about this position and possess the skills and experience to excel in this role, we invite you to join our team. Interested candidates should submit their application through this application portal.

We look forward to reviewing your application and potentially welcoming you to the team.

CLOSING DATE               

5 April 2024 (05/04/2024)

Join us in shaping the future of Econo Foods!     

By submitting your application, you are giving Econo Foods implicit consent to the storage and processing of your personal information. Econo Foods is an equal opportunity employer. We celebrate diversity and are committed to creating an inclusive environment for all employees. Should you not receive a response within 4 weeks of your application, please consider your application to be unsuccessful.

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