Financial Reporting Manager

SUMMARY:
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POSITION INFO:
Financial Reporting Manager   Our client is an established and well-trusted beverage brand in South Africa, known for their high-quality products and exciting innovations. As they continue on a strong growth trajectory, an exciting opportunity exists for a Financial Reporting Manager to join the JHB team, reporting to the Financial Director. We are looking for a proactive, detail-oriented and commercially minded individual to own the financial reporting function - building the models, discipline and accuracy that give our leadership team and shareholders a clear, timely view of business performance, while also bringing costing expertise to support how we understand true product profitability.   About the Role You will take ownership of the monthly financial reporting cycle end to end, proactively building and improving the reporting models and infrastructure that translate our numbers into insight - not simply producing a report each month, but continuously strengthening how reliably and quickly they can produce it as the business grows. This includes preparing and presenting monthly reporting to the shareholders with the accuracy and rigour the role demands.   Alongside this, you will bring your costing expertise to partner with the Demand and Supply team, ensuring the costing methodology remains accurate and reflects our manufacturing reality. This forms a meaningful, but smaller, part of the role relative to your core financial reporting mandate.   What You Will Do Finance Planning, Reporting & Cost Management 1. Annual Budget – July to June Prepare and manage the annual 12-month budget, with a thorough understanding of the key drivers of profitability. •                 Prepare the annual budget from July to June. •                 Develop a thorough understanding of fixed and variable costs and the impact of volume changes on                   profitability. •                 Clearly document and report on key assumptions, expected outputs and financial impacts. •                 Monitor actual performance against budget and identify variances early. •                 Manage spend against plan to ensure adherence to financial targets, with no unexpected financial               surprises . •                 Proactively identify risks and opportunities and recommend corrective action. 2. Six-Month Profit Forecast – December to June Prepare and maintain the rolling six-month profit forecast. •                 Prepare the December–June forecast annually. •                 Update the forecast based on actual performance, latest business trends and revised assumptions. •                 Highlight key movements versus Budget and prior Forecast. •                 Clearly communicate the expected impact on EBITDA, cash flow and profitability. •                 Identify emerging risks and opportunities early enough for management to take action.   3. Monthly Management Accounts Prepare accurate and timely monthly management accounts for all companies. The monthly reporting pack should include: •                 Income Statement •                 Detailed Management Accounts (including transactional cost centre reports) •                 Balance Sheet •                 Free Cash Flow (FCF) •                 Channel Profitability •                 SKU Profitability •                 Headcount Detail •                 Consolidation   The reporting should provide clear insight into business performance, key variances, profitability drivers and areas requiring management attention.   4. Stock Counts & Inventory Management •                 Manage and coordinate monthly stock counts. •                 Ensure stock count procedures are consistently followed. •                 Reconcile physical stock to system records and investigate variances. •                 Ensure appropriate inventory controls are in place and adhered to. •                 Identify and address stock losses, wastage, obsolete stock and other inventory risks. •                 Ensure accurate inventory reporting for month-end and management accounts.   5. Costing & COGS Variance Management Costing •                 Maintain and update product costing regularly. •                 Develop and maintain an activity-based costing methodology. •                 Ensure standard costs accurately reflect current production inputs and cost drivers. •                 Analyse the impact of changes in raw materials, packaging, labour, production volumes and other cost               drivers. •                 Lead the transition to absorption costing, leveraging Syspro's costing functionality to accurately allocation                of product costs. •                 Partner with the Supply Chain Syspro Lead to configure and validate Syspro's costing modules, ensuring               data integrity throughout and accurate allocation of costs.   COGS Variance Management •                 Manage and report on all production variances, including work order, production method, yield and usage                variances. •                 Report production and COGS variances weekly. •                 Investigate the root cause of material variances and ensure corrective actions are implemented promptly. •                 Work closely with Production and Supply Chain to reduce waste, inefficiencies and avoidable costs. •                 Monitor production performance against standard and identify opportunities to improve gross margin. •                 Ensure changes to processes, standards and costing are implemented speedily and accurately.   Competencies Required: 1.      Strong manufacturing costing background, with a solid grasp of how production processes, overheads and inputs translate into product cost. 2.      Strong problem solving and analytical skills, including budgeting, forecasting and costing techniques and applications 3.      Experience in Supply and Supplier \/ Market insights 4.      High level of business acumen, with a focus on commercial metrics underpinning numbers 5.      Action and detail-oriented, with a strong drive for results 6.      Focused and able to identify priorities and value-add workstreams 7.      Effectively influences the business to make the right strategic and commercial decisions 8.      Excellent written and verbal communication skills 9.      Excellent functional and technical skills (strategic thinking, advanced Excel and financial modelling, data analysis, PowerPoint.) 10.   Strong planning and activity \/ project management skills 11.   Deals with ambiguity with perspective and creativity 12.   Innovative and creative   Education and Experience: 1.      Relevant tertiary qualification in Finance, Accounting, or Cost and Management Accounting; CIMA or an equivalent costing-focused qualification advantageous. 2.      Minimum 8 years’ similar experience in a senior capacity. 3.      Commercial and supply (manufacturing and distribution) experience is absolutely essential 4.      Previous Syspro experience. 5.      Proven experience in budgeting, forecasting and cost management as well as generating insights and actions from disparate data sets   Personal Characteristics 1.      Decisive, accountable and responsible 2.      Continuously looking to learn and develop 3.      Innovative thinker, future focused and with a positive mindset 4.      Self-starter, problem solver, self-reliant, goal orientated, work across barriers 5.      Customer centric with strong relationship skills 6.      Personal skills (Excellent communication skills, commercial mind-set, attention to detail and accuracy, organizing and prioritizing) 7.      Strong value system: honesty, integrity set within strong principles and ethics   Kindly note that by submitting your application for this career opportunity you agree that Guardian Recruiting may use your application for the purpose of the recruitment and selection of the said position and this information may be shared with the relevant stakeholders in the business. Please note that only shortlisted candidates will be contacted. Should you not have heard back within a two-week period, please assume that your application was unsuccessful.