Permanent
Gauteng
Posted 2 months ago
Job Opportunity: Group Finance Manager
Location: Johannesburg, South Africa
About the Opportunity:
We are seeking a highly experienced and strategic Group Finance Manager to take ownership of financial operations across multiple entities. This is a critical leadership role, offering the opportunity to drive financial strategy, ensure robust reporting, and provide insightful analysis that fuels business growth. You will play a key role in shaping financial performance and contributing to the success of our dynamic organization.
Key Responsibilities:
- Financial Reporting & Analysis:
- Prepare and deliver accurate monthly management accounts within established deadlines, including detailed variance analysis and insightful commentary.
- Maintain and optimize chart of accounts structures across multiple entities, ensuring the accuracy of intercompany eliminations.
- Coordinate the preparation of year-end statutory accounts and audits, guaranteeing full compliance with IFRS/GAAP and local tax regulations.
- Budgeting, Forecasting & Planning:
- Lead the annual budgeting process and oversee rolling reforecasts at the property and departmental levels, encompassing both Capital Expenditure (Capex) and Operational Expenditure (Opex) plans.
- Closely monitor performance against budgets, providing comprehensive variance analysis and actionable recommendations.
- Cash Flow, Working Capital & Controls:
- Consolidate cash flow across all properties, proactively managing liquidity, credit terms, and collections.
- Oversee intercompany transactions and ensure accurate and timely reconciliations.
- Strengthen and maintain internal controls, focusing on cash handling, Point of Sale (POS) settlement processes, tips/service charge distribution, inventory management, and night audit reconciliation.
- Oversee inventory controls, including recipe costing, yield/wastage analysis, regular stock counts, and variance analysis; collaborate with culinary and procurement teams to minimize the Cost of Sales (COS).
- Compliance & Risk Management:
- Implement and maintain a strong internal control environment.
- Coordinate and facilitate external audits, ensuring timely completion and compliance.
- Ensure adherence to all tax, payroll, and statutory requirements.
- Support insurance reviews, risk register maintenance, and business continuity planning.
- Strategic Financial Support:
- Provide financial insights and recommendations to support strategic decision-making.
- Assist with Mergers and Acquisitions (M&A) activities, financial modeling, and due diligence processes.
- Leadership & Team Management:
- Collaborate effectively with finance teams across all subsidiaries.
- Drive continuous process improvements and support enhancements to our Enterprise Resource Planning (ERP) system.
Qualifications & Experience:
- Bachelor’s degree in Finance, Accounting, or a related field (Master’s degree or MBA is advantageous).
- 5-8+ years of progressive experience in multi-property hospitality finance or group finance roles, including consolidation and audit coordination experience.
- Demonstrated proficiency in IFRS/GAAP, tax compliance, and hospitality Key Performance Indicator (KPI) frameworks.
Technical Skills:
- Advanced proficiency in Excel and/or Google Sheets.
- Hands-on experience with Property Management Systems (PMS), POS systems, and ERP integrations.
- Strong financial modeling and forecasting capabilities.
Key Skills & Competencies:
- Strong commercial acumen combined with a deep understanding of hospitality operations.
- Excellent stakeholder management skills, including the ability to build and maintain relationships with General Managers (GMs), Owners, Brand/Franchise representatives, Revenue Managers, Culinary teams, and HR professionals.
- Exceptional attention to detail, with the ability to work quickly and accurately, particularly during peak seasons.
- Proven leadership skills in process improvement, change management, and cross-functional collaboration.
- Strategic thinking and strong business acumen.
- Excellent analytical and problem-solving skills.
- Outstanding communication and leadership abilities.
- A commitment to accuracy and a high level of attention to detail.
Benefits:
- Competitive salary and performance-based bonuses.
- Opportunities for professional development and career advancement.
- Comprehensive benefits package.
To Apply:
If you are a results-oriented finance professional with a passion for the hospitality industry and a commitment to operational excellence, we encourage you to apply and join our team.