Management Accountant - Brackenfell at Shoprite Group of Companies

Job Objectives

Strategic Leadership Support:

• Assist in developing and communicating a clear vision and strategy for the Group Security and Loss Prevention function.
• Support the execution of comprehensive security and loss prevention programs aligned with the organisation's goals.
• Collaborate with senior leadership and business partners to implement strategy and delivery plans across multiple business areas.

Financial Reporting and Reconciliations:

• Complete monthly financial reconciliations for franchise operations, ensuring accuracy and compliance with company standards.
• Generate and analyse financial reports on a regular basis to provide insights and recommendations to franchise stakeholders.
• Prepare adhoc financial reports for management or partner meetings as required.

Budget Management and Forecasting:

• Collaborate with franchise teams to forecast budget requirements for operational activities, ensuring alignment with corporate financial objectives.
• Track budget approvals and expenditures, identifying discrepancies and areas of concern.
• Develop costing viability and return on investment (ROI) models for franchise projects and initiatives.

Contract Management:

• Monitor and manage service level agreements (SLAs) with franchise partners, ensuring compliance and performance standards are met.
• Oversee warranty monitoring and reporting for franchise equipment and products, ensuring adherence to contractual terms.
• Handle financial negotiations and claims processing with franchise suppliers and vendors.

Expenditure Monitoring and Analysis:

• Process and track all franchise-related expenditures, including equipment purchases, contracts, and operational costs.
• Investigate and analyse expenditure trends, identifying opportunities for cost savings and efficiency improvements.
• Implement and monitor financial controls and procedures to streamline finance operations within franchise locations.

Shrinkage Analysis and Mitigation:

• Conduct regular analysis of shrinkage and loss prevention metrics within franchise operations.
• Collaborate with franchise stakeholders to develop cost-effective strategies for mitigating shrinkage risks.
• Communicate non-compliance issues and recommendations for improvement to franchise management teams.

Stakeholder Management and Partnerships:

• Maintain strong relationships with franchise partners, providing financial guidance and support as needed.
• Participate in meetings and discussions with internal and external stakeholders to address financial concerns and objectives.
• Act as a resource and knowledge expert on financial matters for franchise teams and functional departments.

Qualifications

• Bachelor's degree in Finance or related field essential. 
• Professional certification (e.g., CIMA) preferred. 

Experience

• 3-5 years of experience in financial management, preferably within the retail or franchise industry.
• Experience working in a franchise or decentralised operational environment is a plus. 

Knowledge and Skills

• Familiarity with accounting software (e.g., SAP, Pastel) and advanced proficiency in Microsoft Excel.