Financial Manager

SUMMARY:
SPECIFICATION An established and growing hospitality (restaurant) brand looking for a young, ambitious and focused Financial Manager to join their team, working closely with the CEO, your primary goal will be to enable Management and the Board to make financially-sound decisions and meet the company’s objectives.

POSITION INFO:

MINIMUM REQUIREMENTS:    

• BCom Degree (Accounting/Finance) (Non-Negotiable).
• Knowledge of XERO and/or Sage One / Pastel. (MS Word, Excel and PowerPoint).
• A minimum of five years’ experience in operational management, management accounting and financial management.
• More than 6 years'' experience in the restaurant industry essential!
• Proficient use of accounting software.
• Strong interpersonal, communication and presentation skills.
• Able to manage and lead support staff and optimise performance.
• A solid understanding of financial statistics and accounting principles.
• Working knowledge of all statutory legislation and regulations.
• Strong operational efficiency optimisation skills.
• Financial modelling with an entrepreneurial mindset.
• Driving key financial and operational indicators and profitability.
• Ability to perform tasks independently with high levels of organization and attention to detail.
• Strong IT knowledge is a plus.

DUTIES & RESPONSIBILITIES:
Strategy

• Implement appropriate accounting and systems management strategy.
• Take control of the company’s accounting function. Ensure that company financial systems are robust, compliant and support current activities and future objectives.
• Lead and build strong financial management and administrative capabilities and systems.
• Regularly report upon and interpret the management accounts and financial reports.
• Communicate the strategy to employees and key stakeholders.
• Report performance against strategy and risks to the management team monthly.

Funding & Structure

• Assist in ensuring that the business is appropriately capitalised.
• Assist in structuring the business appropriately to support expansion.

Risk Management & Awareness

• Keep up to date with changes in the industries in which the business operates and identify opportunities and risks resulting from these changes.
• Assess, monitor and manage risks on an ongoing basis.
• Update the risk register for Board purposes.
• Complete the annual insurance review with the broker and CEO.

Human Resources

• Lead, motivate and manage all reports to maximize individual performance.
• Develop a culture of high performance in line with the company values.
• Manage direct reports’ performance framework, including company values, roles & responsibilities, annual focus areas and key performance indicators.
• Ensure legally compliant human resource policies and procedures.

Franchisee Development

• In conjunction with the COO prepare typical financial scenarios for each store delivery to evaluate applications against.
• Provide support to the business development team with financial modelling for new stores, store sales and store closures.

Finance & Administration

• Financial accounting and reporting
• Develop and maintain timely and accurate financial statements and reports that are appropriate for the users and in accordance with generally accepted accounting principles (GAAP).
• Develop, implement, and ensure compliance with internal financial and accounting policies and procedures.
• Ensure that all statutory requirements of the organisation are met.
• Prepare all supporting information for the annual audit and liaise with external auditors as necessary.
• Document and maintain complete and accurate supporting information for all financial transactions.
• Manage and prepare cash flow forecasts in accordance with policy.
• Manage the debtors aging communicating problems with the CEO.
• Develop and implement policies and procedures to ensure that personnel and financial information is secure and stored in compliance with current legislation.
• Manage the acquisition of capital assets and ensure that assets are properly recorded, amortized, and disposed of as appropriate.
• Liaise with the company bankers regarding the General Banking Facility provided.
• Payroll preparation and administration
• Oversee all payroll functions to ensure that employees are paid in a timely and accurate manner.
• Process and submit statutory and benefits remittances on time.
• Budget preparation
• Establish guidelines for budget and forecast preparation, and prepare the annual budget in consultation with the CEO.
• Office administration
• Oversee and supervise the administrative function of the organisation including reception, property/facility management, safety of the work environment, and provision of furnishings and equipment necessary for effective operations.
• Oversee the management of all leases, contracts and other financial commitments.
• Monitor all legislation relevant to the organisation (employment standards, occupational health and safety, human rights, etc) and all regulations on professional certification to ensure that the organisation is compliant.
• Ensuring effective financial management, administration and processes.
• Financial analysis, modelling, planning, forecasting and budgeting in collaboration with other Departments.
• Maintaining accounting systems (XERO and Sage One) and record-keeping.
• Preparing, reviewing and interpreting monthly management accounts.
• Oversight of the Finance Department, including debtors, creditors, bank, treasury, VAT, payroll, cash and credit cards as well as departmental HR policies and processes.
• Preparation of annual accounts and auditor liaison.
• Costing and pricing recommendations.
• Cost management, evaluation and enhancement.
• Risk management and awareness.
• Statutory compliance, including Safety, Health and Governance.
• Facilities Management.

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