FINANCIAL ANALYST - FINANCE DEPARTMENT - GAUTENG

Diplomat South Africa is looking for a dynamic and energetic individual to fill the role of Financial Analyst based in Johannesburg, Gauteng. The position will report to the Revenue Management Team Lead.

To support the Revenue Management Team Lead in meeting the core Finance Commercial Objectives which include Budgetary controls, Gross-to-Net, P&L analysis, Implementation of and compliance with effective internal controls, policies, and all related accounting procedures that ensure quality financial/commercial analysis and reporting, optimal trade spend management, effective business controls and sustainable profitable growth.

Key Responsibilities:
Cost and Revenue Management:

• Ensure completeness and accuracy of Gross Profit and all its components: Sales, Trading Terms, Promotional spend, Cost of Goods Sold.
• Ensure prompt collection of outstanding Debts and processing of Trading term and promotional claims.
• Monitor and manage net sales to ensure they remain in line with budget.
• Perform ROI analysis of events, gathering insights and making recommendations for improvement.
• Understand, manage, and achieve the needs of internal and external customers.
• Completeness and accuracy of Cost of goods accounting including Import/Export analysis (Exchange rate, forex, insurance).
• Timeous and accurate loading of standard cost and list price per product from vendor and to trade.
• Automation and integration of data inputs/keys/drivers etc to enhance quality and efficiency.
• Monthly/Quarterly review of variances with key stakeholders identifying risks and opportunities with appropriate corrective actions.
• Assist Sales in the formulation of initiatives, marketing activities and customer drives whilst ensuring alignment with Finance.
• Collaborating closely with Commercial Teams to oversee and manage their monthly expenditures.
• Working with the Account teams to come up with action plans to improve topline, trade spending efficiency and profitability.
• Perform ad hoc financial feasibility studies on products and advise on profitability.
• Generating, analyzing, and distributing reports on SKU Gross Margin (GM), Net Revenue (NR), and marketing performance commentary to Commercial teams.
• Ensure Vendor contracts are abided by and effectively managed.

Processes and Controls:

• Manage the implementation and maintenance of and compliance with effective internal controls, policies, and procedures in areas of responsibility.
• Compile and support the quarterly BPE and annual budget process.
• Ensure accurate preparation and posting of month-end journals.
• Ensure all month-end closing activities including control account reconciliation, integrities, and reconciliations are in place.

Learning and growth

• Share knowledge and insights within broader DSA and Group Finance.
• Work with Key Account and Trade Marketing Team on improving commercial process -Trade Terms, Promotional spend.
• Continual self-development and proactive initiation of company-led management training.
• Provide accurate financial information to the Commercial team as well as giving advice, guidance and support on all financial matters.
• Delivering training sessions to empower non-Finance teams in managing their financial activities and day-to-day operations.

Reporting

• Ensure all deadlines are met timeously and accurately.
• Ensure timeous and accurate completion of monthly and ad-hoc reporting.
• Implement/upgrade and maintain specific business analytics and reports on customers, channels, products etc.
• Forecasts and budgets (tracking actual performance against budgets and forecast)
• Variance analysis and analysis of financial performance - provide feedback on anomalies

Requirements

• Completed Bcom/BSc (Finance, Accounting, Analytics, Business, Marketing) degree, preferably with honours or certification from CIMA
• Minimum 3 years working experience working in a similar position within FMCG
• Knowledge of Revenue (including trading terms) and budgeting experience
• High level of Excel proficiency is required
• SAP experience an advantage.
• Own vehicle with a valid driver's license
• Willing to work extra hours and overtime as and when required.
• Requires good time management skills.
• Highly numerate with excellent analytical skills and attention to detail.
• Experience in a fast paced and pressurised environment.
• Effective communication skills at all levels within the organisation.
• Excellent Analytical and problem-solving skills.
• Strong qualities of integrity with the ability to keep confidential information.
• Fast starter / go getter attitude with high energy.
• ABC knowledge preferable.