Store Financial Manager

SUMMARY:
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POSITION INFO:

We are seeking a Store Financial Manager reporting to Store General Manager / Regional General Manager / Financial Executive / Managing Director

Requirements:

• Must be a Chartered Accountant
• Pastel Accounting

KEY PERFORMANCE AREA – DETAIL TASK DESCRIPTION & REQUIREMENTS:

• Financial Control and Reporting:
  • Daily, weekly and monthly reporting to head office;
  • Weekly review of payroll reports prior to submission to head office;
  • Meeting all deadlines as set out by head office;
  • Review and reporting back to the executive committee on a monthly basis on store performance;
  • Arch vs Pastel Reconciliation Daily Transaction review;
• Suppliers and Recons:
  • Supplier relations and direct payments in consultation with head office;
  • Creditor claims and control – paper flow from receiving/buying to Head Office and controlling creditors deductions;
  • Auditing and balancing of transactions between supplier statements and pastel evolution accounting system
  • Check and facilitate supplier payments – COD suppliers.
  • Actively controlling critical supplier balances due vs limits and store needs forecasting to ensure we do not reach stop supply.
  • Maximizing Working Capital.
• Debtor Management:
  • Weekly tracking of Debtors and in arrears collections;
  • Debtor Accounts to have proper documentation in place.
  • Risk Management:
• Ensure store compliance with set policy and procedures;
• Liaise with external & internal auditors in conjunction with group and regional Finance GM;
• Safe guarding of company assets specifically stock, assets and cash;
• Receiving GRV sequence and verification checks, scrutinizing the integrity of GRV’s and its origin;
• Cashier Shorts & Overs weekly review;Â Daily spot checks of cashier floats while they are working (unannounced)
• Safeguarding of Arch Coin / Empty Vouchers.
• People Management:
• Ensure that all Cash safety procedures are followed daily e.g. Cash pick-ups, Cash Drops, Cash Pay-outs and Cash Collections;
• Control all expenses by signing off all Sundry orders and final invoices
• Ensure accuracy of Income statement detail and performance against budget;
• Ensure accuracy of rebate & other income on monthly income statement;
• Ensure all payments are signed off by the appropriate personnel before making any payment
• Weekly monitoring of age analyses on Debtor’s customers- act in accordance to agreed terms with customer;
• New customer credits & terms in accordance to “Limits of Authority”;
• Complete Monthly Transport Income statement measuring profitability of delivering of goods.
• Stock Takes: - Mange and assist in perform stock take preparations; variance reports to be scrutinized and actioned accordingly

NB! This job is now closed. You can apply for other jobs by uploading your CV.