Management Accountant - Cape Town, South Africa - Shoprite

    Shoprite
    Shoprite Cape Town, South Africa

    2 weeks ago

    Default job background
    Permanent
    Description

    Purpose of the Job

    The Management Accountant at OK Franchise Division plays a critical role in overseeing financial operations, budget management, contract administration, and expenditure analysis within the franchise division of the Shoprite Group of Companies.

    This position requires specialised knowledge in financial management within the context of franchise operations.

    Job Advert Details Job CategoryFinance 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.