Financial Commercial Manager

Our client is a large FMCG company with its headquarters in Johannesburg A vacancy exists within the group for a financial manager at their Bakery Division (Head Office) the position reports to the Group Financial Executive. The successful incumbent will provide commercial /financial support and insight into the operations and financial performance of the bakery as well ensuring corporate governance compliance. Duties and responsibilities Management reporting Compile monthly commercial income statement reports including variance analysis and gathering insights on key movements/Issues. Monthly reporting of financial performance of bakery including commentary on key performance areas, and business and quarterly performance reporting packs. Business plan and forecasting Perform the annual business plan and quarterly forecasting processes for the bakery (Incl. capital planning) Calculation of return on investment for proposed business plan capital projects in order to assist management with prioritisation of capex and ensuring that capital business plan is aligned with group allocation of funds. Cost control To Monitor and adherence to the business plan/forecast and investigate differences. continuously consider cost saving opportunities or areas where waste /inefficiencies and influence corrective action by line management. Profitability Perform profitability analysis by product, channel and route Capex Overall bakery responsibility for the adherence to capex processes. Identification of capex opportunities, requirements and strategy Stock Control and contract management Key Responsibilities Oversee financial management teams and activities Ensure company financial policies are complied with. Financial Accounting Ensure that the general ledger and subsidiary ledger entries are maintained according to group and IFRS. Ensure that monthly general ledger reconciliations are completed and reconciling items resolved timeously, incl. monthly review and authorisation thereof. Oversee monthly financial close, ensuring deadlines are met. Debtor & Driver /Hawker Management Review transactional processing Creditors Management (while on existing SYSPRO) Authorising new suppliers & changes to bank details before submissions Implement controls to ensure completeness, validity, Fixed asset life cycle management VAT Year -end Internal control Internal and external Auditors Governance compliance Staff Management.