Website Redline Recruitment

A Senior Finance Manager is Needed for a Large retail Firm based in Sandton

The Senior Manager: Finance Wholesale Operations is expected to contribute to the development of Finance Wholesale Operations strategy and planning by driving effective management and execution of day to day operations of Trade Accounts Payable, GNFR Accounts Payable, Trade Debtors, Sundry Debtors, Treasury, Accountants and Financial Services sections of the Finance Department for the Wholesale Operations.

The role is also   required to drive the Wholesale working capital management, manage the outsourced Accounts payable & receivable function in collaboration with EBS whilst also ensuring that all financial activities are compliant and completed accurately and on time in accordance to Accounting Standards and AC Compliance.

Role is Focused on 3 Main Departments:

  • Accounts Payable
  • Accounts Receivable
  • Treasury
  • 40% Operational
  • 60% Strategic Plans Development and Projects

Salary: R1.1M -R1.4M CTC P/A


Minimum Academic, Professional Qualifications & Experience required for this position:

  • Bachelor’s Degree or Bachelor of Technology/ Advanced Diploma in a Finance / Accounting related qualification
  • Chartered Accountant (SA) will be an added advantage
  • Minimum 8 years’ in a Finance Operations related role preferable in a Retail or Wholesale environment of which 4 years must have been managing a team (directly or indirectly)
  • Shared Services experience will be an added advantage
  • Good understanding of Finance Wholesale Operations


Finance Wholesale Operations Strategy and Planning:

  • Contribute to the development of Finance Wholesale Operations strategy aligned to the business
  • Drive the Wholesale working capital management strategy by ensuring that supplier terms and debtor management generate a positive cash flow for the
  • Drive the insourcing and outsourcing of transactional activities to third party with EBS to ensure risk mitigation and value creation are aligned.
  • Develop Finance Wholesale Operations tactical plan to ensure execution and alignment to the overall Wholesale Finance, Finance and Wholesale strategy and Drive effective implementation once approved.

Manage Retained Activities for Finance Wholesale Operations:

  • Ensure that retained activities relating to Trade Accounts Payable, GNFR Accounts Payable, Trade Debtors, Sundry Debtors, Treasury, Accountants and Financial Services are executed within the Finance Operations
  • Collaborate with the EBS Team to manage the the performance of Genpact in line with agreed service level agreement and set performance levels.
  • Manage the Genpact relationship in association with
  • Manage and resolve efficiently any matters associated with the work outsourced to

Manage Retained Activities for Finance Wholesale Operations:

Drive Finance Wholesale Operations Reviews:

  • Conduct Monthly reviews of accounts payable and accounts receivable management with
  • Conduct monthly financial reviews, focusing on specific high impact areas of accounting and financial services for Massmart
  • Conduct quarterly reviews of the General Ledgers balance sheet accounts, through random selection and

Lead Effective Credit Management Operations for Wholesale:

  • Manage credit management operations for the stores across all
  • Ensure efficient management of debtor’s book for the
  • Oversee maintenance of store clean master data of customers, collection of outstanding debt and maintaining a robust control
  • Lead the development of and ensure effective implementation approved debt collections
  • strategies, policies, procedures, and guidelines in stores.
  • Ensure that outstanding accounts are constantly

Policy Development and Compliance Monitoring:

  • Monitoring in stores to ensure compliance
  • Partner with other Wholesale Finance teams to ensure compliance with the relevant approved policies and procedures
  • Manage the AC compliance audit and ensure that Wholesale has the required processes in place to ensure alignment and compliance
  • Oversee both the internal and external audit processes and strive to obtain a green audit by constantly ensuring that all finance staff are compliant and account for all financial activities correctly


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