Financial Manager (Financial Services) at Shoprite Group of Companies

Purpose of the Job    

• The purpose of the Financial Manager role is to provide strategic and operational financial direction to the business unit. The role will be responsible for the strategic planning of the finance function and support the tactical implementation of the business strategy.
• The role is responsible for the overall financial management of the business which includes budgeting, financial reporting, planning and analysis to enable business decision-making as well as ensuring that appropriate financial processes, control and standards are in place to mitigate risk and support a high growth business.

Job Objectives    

Strategic focus

• Build and mature the finance competency within the business unit.
• Provide strategic financial input and support to the management team in achieving its strategic goals and building the business.
• Provide accounting, commercial and business input into all aspects of the business across Financial Services.
• Focus on achievement of financial targets and business imperatives that will ensure that the business plan is delivered upon.
• Develop trends and projections for the firm’s finances.

Financial reporting 

• Provide financial reports and interpret financial information to management while recommending further courses of action.
• Ensure the effective and timeous production of monthly management accounts and presentations to the management team as well as monthly reporting to other relevant stakeholders.
• Ensure continuous improvement of daily, weekly, and monthly analysis and reporting across the business to ensure that management has timeous, accurate and value-adding information to assist in decision-making.

Financial management 

• Lead budget process for the business.
• Oversee the planning and management of the internal audit process, action audit findings and liaise with external auditors when required.
• Ensure effective cost management and optimisation across the business and make recommendations to manage costs in line with business activity.
• Provide input into management to ensure that financial and strategic objectives are met.
• Ensure that the principles of good corporate governance are applied at all times.
• Ensure that appropriate costings and business case preparation / viability studies for new initiatives are performed and make recommendations based on sound financial outcomes and business acumen.
• Research and report on factors influencing business performance.

Financial controls

• Assess and develop in-depth understanding of the end-to-end control environment of the business and identify any control weaknesses.
• Ensure that adequate internal controls are implemented, maintained and monitored across all areas of the business.
• Ensuring compliance with regulatory and statutory requirements.

Risk 

• Implement a risk framework to ensure that all Strategic, Operational and Financial Risks are identified and documented.
• Document and agree the risks identified along with the mitigating controls and drive the implementation of controls to reduce overall risk exposure.
• Implement and maintain the risk register, identify risk mitigations and ensure implementation.
• Produce monthly reports for signoff and approval. 

Qualifications    

• Degree or Diploma in BComm Accounting or relevant qualification- (essential).
• CA/ CIMA qualification – (preferred).

Experience    

Essential:

• 4 years’ experience in a similar financial management role with proven experience in a retail environment and its drivers of performance.
• Proven experience developing and managing new frameworks, processes and procedures to enable a growing business while ensuring rigorous compliance.

Knowledge and Skills    

Essential:

• Depth of financial expertise with proven skills in financial accounting, budgeting, reporting and risk management.
• Strong business acumen with general knowledge of business outside of the financial sphere.
• Knowledge of SAP.

Closing Date    

• 2026/02/24