Job Description    

• To drive the delivery of accurate financial results, underpinned by analytical insights, by partnering with Regional Leadership Teams to manage the implementation of financial processes and procedures across the region to achieve functional financial objectives.

The role reports to the Senior Financial Manager.

• The level of interaction within and outside of the company as well as the nature and purpose of the interaction
• The role primarily liaises internally with-
• Leadership teams to ensure effective cost management, opportunities, and adherence to governance policies against set targets.
• Senior Financial Managers to ensure alignment for regional cost reviews, month-end performance and budgeting.
• The Governance team to ensure correct implementation of RACM controls, provide feedback on control gap closures, and updating of narratives where required.
• Financial Planning and Analysis team to provide feedback on budgeting, forecasting and variances.
• Financial Accounting team to align on Balance Sheet reconciliations and asset verification.

The role primarily liaises externally with-

• External auditors to collate required information, provide feedback on findings and progress on gap closure actions.
• The Coca-Cola Company (TCCC) relating to cost claims and funding.
• Tenants in CCBSA-owned regional properties to manage ad-hoc queries.
• Lawyers to address outsourced regional legal matters.

Key Duties & Responsibilities    
Cost Management and Reporting

• Drive capability building and develop line manager financial acumen within the region through the development of targeted financial training material
• Present financial updates in leadership meetings to provide an update on performance to date versus target.
• Review and manage the consolidation of accurate and complete regional functional income statement which accounts for all income and operational expenses for the accounting period.
• Create regional action plans and manage district implementation thereof, to reduce risks and capitalise on cost saving opportunities by partnering with regional leadership.
• Manage provisions for payments, legal risk, redundant assets and any other identified quantifiable financial risks at the end of accounting period, aligned to Risk and Control Matrix (RACM) requirements.
• Review weekly and/or monthly regional performance reports, before being communicated to the region.
• Drive continuous improvement through ongoing review of regional financial reporting templates.
• Prepare and review regional financial data to deliver a cost forecast twice a month to the total company cost review forum.
• Drive, track and monitor financial performance objectives of regional projects aligned to company commercial objectives.
• Provide commentary on financial income statement performance for the monthly Business Review and compare with moving income statement.
• Compile the Margin Analysis Report with commentary on performance relative to plan to highlight opportunities in pricing and mix for total CCBSA (monthly) and individual channels (weekly).
• Conduct ad hoc financial analyses and activity as required by the business.

Governance

• Drive completion of line manager RACM quarterly self-assessments to review compliance within the region.
• Manage the implementation of required corrective action plans within the region, as result of internal audits and self-assessments, together with regional leadership and line management, to drive control compliance.
• Provide required information for Corporate Audit Division (CAD) as per The Coca-Cola Company, internal auditors to assess controls and external auditors to assess company financial statements to ensure legal compliance.
• Attend quarterly functional surprise stock-counts within the region to ensure accurate stock reporting, aligned to RACM requirements.
• Attend quarterly full-stock count within region, as a management control requirement, to ensure accurate stock reporting.
• Review quarterly regional functional balance sheet reconciliations, provide commentary and evidence on current status and drive the closure of long outstanding queries.
• Manage the control compliance of the asset verification process within the region to ensure RACM compliance and minimise losses.

Budgeting

• Consolidate and analyse regional functional financial performance data using parameters, guidelines and resourcing requirements to deliver on the financial objectives of the respective function, in region.
• Review sales and production targets based on prior year financial performance in region and highlight areas of opportunity and risk.
• Set regional budgets, with regional leadership to outline financial objectives for the year ahead, aligned to guidelines received from Head Office.
• Benchmark regional budget and spend with other regions to drive alignment and enhanced efficiencies of targets across the business.
• Review financial performance of the region versus budgeted forecasts and align to ensure the region remains on track to achieve annual targets, and reforecast for the remainder of the year, where required.
• Drive alignment of Capital Expenditure (Capex) budget and spend to ensure timeous capitalisation of assets.
• Lead and Manage Finance Team
• Lead and manage team to allow for the achievement of set goals, an engaged team and high-quality work output.
• Drive effective talent management practices to ensure an engaged team and sustainable talent pipeline, in accordance to business plan, to deliver on full potential.

Accountabilities

If the incumbent in this role is successful at the job the incumbent will achieve the following-

• Contributory role to achieving regional budgeted business performance measures (cost)
• Contributory role to achieve delivery of budgeted Net Sales Revenue (NSR)
• Deliver budgeted Operating Profit (EBIT)
• Maintain a strong control environment

Skills, Experience & Education    

• BCom (Honours) degree in Accounting or Financial Management.
• Additional post graduate qualification would be considered advantageous.
• Chartered Accountant (CA) of South Africa or registered with the Chartered Institute of Management Accountants (CIMA) would be advantageous.
• 8-10 years of financial management experience.
• Advanced level of MS Office, specifically Excel.
• Relevant functional experience would be advantageous.