Divisional Financial Manager – Retail

In brief

**Overview** The role is for a Divisional Financial Manager – Retail, serving as the Second-in-Command (2IC) to the Divisional Finance Executive within a reputable client operating in the Retail / Quick Service Restaurant (QSR) industry. This senior leadership position is based at the Head Office in Newlands East, Durban. The successful candidate will provide strategic financial leadership, operational financial oversight, and manage the divisional finance function. The role is hands-on, focusing on driving financial performance, ensuring compliance, strengthening internal controls, and supporting overall profitability and strategic objectives within a fast-paced and growing environment. **What you will do** * **Financial Management & Strategic Leadership:** * Provide strategic financial leadership and oversight across the Retail division. * Act as the 2IC to the Divisional Finance Executive, supporting financial strategy and operational decision-making. * Oversee all divisional financial management, reporting, and control functions. * Partner with divisional operational leadership to improve profitability and overall business performance. * Provide financial insights, recommendations, and commercial support to executive management. * **Financial Reporting & Management Accounts:** * Oversee the preparation and submission of accurate monthly management accounts. * Ensure timely financial reporting to the Divisional Finance Executive. * Analyze financial performance, identify trends and highlight financial risks. * Monitor divisional gross profit, EBITDA and net profitability. * Ensure financial reporting complies with IFRS and internal reporting requirements. * **Budgeting, Forecasting & Financial Planning:** * Develop and manage divisional budgets, forecasts, and financial plans. * Conduct detailed budget-versus-actual variance analysis. * Provide financial modelling and scenario analysis to support strategic decisions. * Identify cost-saving opportunities and opportunities to improve operational efficiency. * Monitor divisional financial performance against agreed targets. * **Financial Controls, Compliance & Audit:** * Implement and maintain effective financial controls, policies, and standard operating procedures (SOPs). * Ensure compliance with relevant financial legislation, tax, VAT and statutory requirements. * Coordinate and oversee internal and external audit processes. * Identify financial risks and implement appropriate mitigation strategies. * Maintain strong financial governance and ensure audit readiness. * **Cash Flow & Working Capital Management:** * Oversee divisional cash flow management and forecasting. * Monitor working capital requirements and optimize cash flow. * Manage divisional treasury-related functions. * Ensure effective management of financial resources and liquidity. * **Finance Team Leadership & Development:** * Lead, mentor, and manage a team of finance professionals across multiple sub-functions. * Oversee accounts payable, accounts receivable and financial reporting teams. * Set clear performance objectives and ensure accountability. * Drive team development, coaching, and succession planning. * Promote a high-performance, collaborative, and results-driven finance environment. **Requirements (from the original advert)** * Bachelor’s degree in finance, Accounting or Commerce (Essential). * Minimum 2 years' experience in a similar senior or divisional financial management role (Essential). * Proven experience managing a team of finance professionals across multiple financial sub-functions (Essential). * Strong financial management, budgeting, forecasting, and reporting experience. * Comprehensive knowledge of financial management principles, management accounting and IFRS reporting standards. * Strong understanding of financial controls, risk management, and statutory compliance. * Excellent leadership, analytical and stakeholder management skills. **Who should apply** This role is for a highly experienced and strategically driven Financial Manager seeking a senior divisional leadership position. The ideal candidate will be a hands-on financial professional with strong commercial acumen, exceptional analytical capabilities, and proven experience leading finance teams across multiple financial sub-functions. They should have a strong understanding of financial management principles, IFRS reporting, financial controls, risk management, and statutory compliance. Candidates with ideally 7-10 years' progressive financial management experience, a postgraduate qualification (Honours / CTA) or professional designation (CA(SA), CIMA, ACCA), and previous experience within the Retail, QSR, FMCG or Franchise industry are advantageous. Proficiency in Sage Evolution / Sage 200, GAAP POS / Micros, advanced Microsoft Excel, and experience with ERP systems and Business Intelligence (BI) reporting tools are also beneficial. A valid driver's license and willingness to travel within the division as required describe attributes of the ideal candidate. The successful candidate will demonstrate strategic financial leadership, excellent analytical and problem-solving skills, strong people management and team development capabilities, exceptional attention to detail, and executive presentation skills. They must possess high levels of integrity, confidentiality, and financial governance, with the ability to work effectively under pressure and meet strict deadlines, fostering strong collaboration and stakeholder engagement. **Deadline** Not specified **Reference** Original posting: https://www.jobmail.co.za/jobs/sales-marketing/client-services-sales-support/south-africa/divisional-financial-manager-%E2%80%93-retail-id-7616920 Source: jobmail

Summary drafted with AI assistance from the original advert. The advert itself is the authority — how we use AI.

At a glance

• At least 2 years of experience.

• Microsoft Excel
• Sage / Pastel
• IFRS

Extracted automatically from the advert; confirm requirements on the original listing.

Job description

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