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Finance - Finance Jobs in South Africa

National Financial Manager - Durban

Job Information
LocationRecruitment Agency / Vacancy in South Africa. Durban
SalaryR850-R700K CTC
Job TypePermanent
EducationIdeally a CA(SA) or CMA qualification
Experience5-10 years in Logistics

Job Description

A Leading Logistics company based in Durban is currently looking for a National Financial Manager


• Ideally a CA(SA) or CMA qualification

• 5 to 10 years’ experience within the Logistics sector, including financial reporting and people management

• SAP experience would be advantageous

Key Responsibilities:

3.1. Strategic Contribution

• Participate in the formulation and implementation of the national financial strategy, based on a 2 to 5 year view of requirements.

• Ensure that assigned and agreed strategic targets are operationalised and achieved.

3.2. National Budgeting and Forecasting

• Coordinate and control the entire Company’s budget process and delivery within deadlines.

• Oversee the consolidation of the budget input from the various businesses and sense check reasonableness.

• Provide input regarding the formulation of the operational budgets.

• Coordinate the capex budget within agreed parameters.

• Liaise with the project steercom regarding the prioritisation of projects based on return on investment, risk etc. and for guidance on the capex budget and forecasts.

• Ensure that expense budgets are based on economic indicators.

• Report the budget in the required format and present it to the management team.

• Draft the executive summary and ensure that the final budget document / presentation reflects the strategic intent and adequately communicates the year’s ‘story’ and explains major variances from Q4.

• Ensure completion and consolidation of national operations capex budgets, including collation of information and liaison with regions.

• Prepare the operations budget and forecasting timetable.

3.3. Monthly and Annual Financial Reporting

• Coordinate the monthly financial close with the operations.

• Perform comparative analyses of results to budget, forecast and last year to test accuracy and reasonableness.

• Oversee prompt resolution of queries / reconciling items.

• Assess the level of accruals held for operational expenditure each month to cover timing differences

• Provide input to the National Operations Manager for commentary on monthly reports.

• Manage the year-end audit process to ensure deadlines are met at the operations including year-end stock counts.

• Through regular review, ensure that there are no high risk audit exceptions for the attention of the audit committee.

3.4. Commercial Insights

• Provide commercial insight for new projects including the application of financial modelling tools such as discounted cash flows to evaluate the financial benefits and payback of new projects.

• Assist in the preparation of motivations for capex’s including presentations to the Exec team and Board.

• Provide commercial insight in the implementation of projects related to Operations.

3.5. Governance Compliance

• Ensure compliance with IFRS, the Income Tax Act and Business-wide operational procedures internal controls.

• Ensure national compliance with capex application and procure to payment processes.

• Ensure post implementation audits are completed and results are submitted and distributed accordingly.

3.6. Additional Financial Management

• Fulfil the responsibilities associated with being an EFT and cheque signatory ensuring adherence to operational procedures.

• Provide financial support in projects relating to Operations.

3.7. Regional (KwaZulu-Natal) Financial Management

• Drive the regional budget process and delivery within deadlines.

• Coordinate the regional capex budget within agreed parameters, prioritising projects based on return on investment, risk and ensuring that investment is in line with strategy.

• Ensure that regional expense budgets reflect the economic indicators and are aligned with Group strategy.

• Report the regional budget in the required format and present it to management teams.

• Ensure that the capital spend is within budgeted guidelines.

• Evaluate capital investment projects as and when they arise by reviewing the financial indicators and ensuring that projects yield the required return.

• Provide return on investment information to the regional Operations management team to assist with the prioritisation of projects.

• Identify sound investment opportunities for the business and communicate such to the appropriate role-players.

• Ensure post implementation reviews are reported to the business.

• Compile and deliver monthly reports on regional operational results vs. budget.

• Analyse cost variance reports.

• Assist the regional operations management team to optimise efficiencies.

• Measure, analyse and explain KPI fluctuations and variances.

• Ensure financial disciplines and internal controls are maintained at all depots in the region.

3.8. Operations Finance Team Budget Management

• Oversee national operations costs to ensure the optimal utilisation of budgets.

• Report on a regular basis on actual KPI’s versus budget and work with regional teams to address areas of non-conformance or concern proactively and timeously.

• Oversee all input costs across the regions and resolve any over- or underspend appropriately to ensure that issues are addressed before significant financial loss occurs.

• Monitor spending activity across the regional teams to ensure compliance to financial and ethical standards.

• Implement and encourage cost management initiatives across the regional teams where these do not impact on long term business sustainability.

• Ensure that strategic business risks are mitigated within budgetary constraints through the allocation of spend to areas of high priority across the regions.

3.9. Team and Staff Management

• Lead and develop staff and regional finance teams within the context of the Labour Relations Act, Employment Equity Act, Basic Conditions of Employment Act and the Skills Development Act.

• Monitor staff and regional team performance and provide regular feedback.

• Oversee and coordinate staff and regional team activities, ensuring service levels are met and protocols are adhered to.

• Coach and support staff and regional teams where necessary to achieve objectives.

• Manage direct staff leave and general time management issues in line with organisational deliverables and standards.

• Manage and deliver on succession plans to enable the development of a future generation of leaders and specialists and ensure optimal turnover and retention levels are maintained.

• Champion staff training and development through the utilisation of available training opportunities or contributing to the development of new training solutions in collaboration with national training specialists.

• Conduct regular performance appraisals with subordinates.

• Establish sound staff and labour organising and communication structures and systems.

• Lead the team towards meeting the strategy and targets through regular communication and utilisation of the full organisational talent management tool set.

• Develop and manage high performance multidisciplinary teams in order to solve problems within the commercial arena.

• Conduct regular meetings and ensure that records are kept and shared across the team and that action plans agreed to within team meetings are delivered upon.

4. KPI’s

• Timeliness and accuracy of reporting

• Level of compliance

• Degree of operational consistency across the regions

• Audit results

• Budget and forecasting accuracy and relevance

• Expenditure control

• Quality of advice, insight and recommendations to regional teams

Should you meet the requirements for this position, please email your CV to or fax to 086 572 8877. You can also contact Gary/Dinel on 011 807 8064.

Correspondence will only be conducted with short listed candidates. Should you not hear from us within 3 days, please consider your application unsuccessful.

Hire Resolve offers a R1000 for any candidate that is referred and placed through Hire Resolve. Hire Resolve also offers a R1000 job spec fee for any referral that results in a placement through Hire Resolve. If your company is looking for any IT, Finance or Engineering staff, please email us at with the company name, a contact person and contact email or number of the person doing the hiring. We will keep the referral strictly confidential”

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