Finance Manager - Nelspruit Multifranchise

Job Description

Motus Nelspruit Multifranchise (Kia, Hyundai, Renault Nelspruit) is looking for a Financial Manager. The role of the Financial Manager in a dealership is multifaceted, encompassing a broad range of tasks that ensure the financial integrity of the dealership. The Financial Manager plays a pivotal role in ensuring that all financial operations run smoothly, from tracking sales and expenses and overseeing inventory management, to preparing detailed financial reports. Their work not only supports day-to-day business activities but also informs strategic decisions that can drive growth and profitability.

Position Overview

The Financial Manager will manage the financial department and maintain internal control measures to ensure that the dealership is compliant with sound financial practices and good corporate governance. Supporting the Dealer Principal and Regional Finance Manager in the achievement of financial objectives, identifying areas of risk and improvement, and ensuring timely and accurate reporting. The Financial Manager furthermore supports the Human Resources function with personnel and payroll matters at dealership level.

Specific Role Responsibilities

GENERIC JOB OUTPUTS

1. Contribute to the development of the appropriate strategy and set targets within area of accountability.
2. Define standard operating procedures (SOPs).
3. Implement and manage end-to-end processes.
4. Manage all operational risk and risk mitigation initiatives.
5. Monitor and report on progress against operational plans and make adjustments where required.
6. Plan, manage and monitor governance compliance processes in area of accountability to manage risks and expose liabilities.
7. Resolve problems with the necessary discretion and guidelines.
8. Conduct reconciliation of vehicles, parts, and service assets, verify against accounting records and address all anomalies with senior line management.
9. Manage the security of all assets (including cash) in line with approved policies, processes and procedures.
10. Monitor and evaluate financial processes for quality and effectiveness and notify stakeholders accordingly.
11. Prepare accurate and timely reporting in respect of key performance metrics and recommendations to improve operational efficiency.
12. Prepare the accurate, timely and effective input of remuneration including incentives, structures and deductions in compliance with organisational policy.

FINANCE

1. Manage financial activities in line with approved policies and procedures.
2. Manage, monitor and report on budget variances and provide solutions.
3. Authorise and approve all payments and ensure compliance in terms of company policies.
4. Compile management accounts, including budgets, cash flows, variance analysis and commentaries.
5. Ensure accurate billing in respect of accounts and charges, and identify opportunities for saving initiatives.
6. Ensure all reconciliations are complied and reviewed.
7. Identify opportunities to minimise cost or increase revenue.
8. Manage outstanding debtors, cash sales and work in progress to ensure collections are up to date and all risks are identified and actioned.
9. Prepare VAT returns and ensure all documents are compliant in terms of SARS directives.
10. Secure the necessary resources to maintain service standards, facilitate problem solving and achieve objectives within budget.

CLIENT/CUSTOMER

1. Deliver services that create a culture which aims to exceed customers' expectations in all aspects of the business.
2. Plan, manage and monitor processes to ensure customer service excellence.
3. Develop and manage key stakeholder relationships that enable achievement of operational objectives.

PEOPLE

1. Create an engaging, enabling and productive work climate aligned to the employee value proposition.
2. Implement and manage workforce planning, recruitment, learning and development, performance management, reward and recognition and employee relations to ensure an optimal working environment.
3. Monitor and positively influence and manage change, and offer operational support where required.
4. Own and live up to company values.

Qualifications and Experience

Experience Required:

• 5+ years' accounting/ financial management experience in a similar environment, of which at least 2-3 years' in a team lead/ management role.
• Relevant accounting/ finance management experience in the automotive industry at dealer level.

Minimum Qualification/s Required:

• NDip or BCom degree with Accounting or Financial Management NQF6+
• Recognised Management/ Leadership Diploma or Certificate – desired.

Other Requirements:

• Valid, unendorsed driver’s license and the ability to competently and legitimately drive.
• Computer literate; highly proficient in Excel, Outlook, PowerPoint and Word.
• A working knowledge of the NCA, CPA, FICA and other legislation and frameworks relevant to the retail motor industry.
• Knowledge and ability to use relevant DMS functions (Drive).

Skills and Personal Attributes

Skills and Expertise Required:

• Communication: Able to communicate professionally at multiple levels in a professional, diplomatic, polite and rational manner even when under pressure.
• Interpersonal competence; effective at working with people.
• Financial Accounting
• Competent application of accounting fundamentals and principles.
• Financial and Accounting Controls experience
• Financial and commercial acumen/ thinking
• Sound knowledge and understanding of accounting and tax concepts, financial statements, trial balance, financial recordkeeping process and books or accounts of the company.
• Analyses and reconciles financial information and data, resolves accounting issues, and reports on such.
• Compiling and presenting reports.
• Planning and organising
• Problem-solving and judgement skills
• Decision making and action orientated.
• Conflict handling
• Time management, including the ability to respond to and resolve queries and issues in the minimum amount of time.
• Able to work independently and under pressure.

Personal Attributes:

• Professional
• High level of detail and accuracy
• Energetic and self-motivated
• Resilient and hard working
• Deadline driven
• Systematic and methodical
• Empathetic when dealing with personnel matters.
• Someone who upholds professional ethics and values.
• Must be assertive and comfortable to share views and ideas in the interest of good financial management of the business.