Financial Manager at Novus Holdings Ltd

Job Description    

• We are currently seeking to appoint a CMA-qualified financial professional to lead the finance department and manage all finance-related functions, including  taking ownership of all cost accounting functions, ensuring accurate reporting, and providing management with the insights needed to make profitable, data-driven decisions. 

Key Duties and Responsibilities    

• Generate accurate and complete reports according to management and business needs to support strategic financial decisions
• Develop, implement, and improve new and current product costing models to ensure accurate and reliable cost data across all product lines
• Conduct variance analysis (materials, labour, overheads), explain deviations to management and recommend changes to BOM
• Partner with operations and procurement to track wastage, yield, and efficiency measurements
• Provide cost simulations and profitability analysis for tenders, pricing, and new product development
• Analyse data gathered and develop solutions or alternative methods of proceeding
• Lead the preparation of annual budgets and rolling forecasts, with emphasis on cost control in line with growth strategies
• Manage inventory valuation, WIP reporting, and stock reconciliations, ensuring alignment with IFRS and company policies
• Prepare and deliver accurate monthly cost reports, margin analysis, and management insights
• Support operational teams with KPI dashboards and ad-hoc financial analysis
• Work closely with senior and middle leadership to identify cost-saving initiatives and efficiency projects across the business
• Ensure monthly management accounts are accurate and on time
• Lead Finance team through both internal and external Audits
• Prepare and present annual financial budget and quarterly forecasts
• Coordinate projects such as BEE verification that requires collection of data

Educational Requirements    

• CMA qualification (essential)
• Bachelor’s degree in accounting, finance, or related field

Experience Requirements    

• Minimum 5 years’ experience in cost accounting in a manufacturing or packaging environment.
• ERP experience in Syspro with advanced Excel skills – added advantage

Skills and Competencies    

• Analytical and detail oriented
• Strategic thinking and commercial acumen – can see the “big picture” beyond the numbers
• Strong communication and influencing skills, ability to interact with Customers
• Self-motivated, proactive, and able to deliver under pressure
• Ability to work cross-functionally and present complex information in a clear, business-focused way
• Strong knowledge of costing methods (standard & absorption cost)
• All relevant financial legislation and accounting and auditing standards