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Bacardi

Careers at Bacardi

Commercial Finance Manager - South Africa

Job Name

Commercial Finance Manager - South Africa

Country:

South Africa

City:

Johannesburg

Function:

Finance - Administration

Reporting Line:

Senior Finance Manager - SUBSA

Job type:

Full time

Lead recruiter:

Rakshitha Ravishankar

About the role

ABOUT THE ROLE

This role provides financial, commercial, and analytical support to the South African Commercial team and must ensure accuracy of pertinent financial information and provide timely, accurate and relevant analysis regarding business performance. The role reports into SUBSA Finance Manager with matrix reporting to Country Manager and will be based in Johannesburg.

The candidate must possess strong communication and collaboration skills to proactively business partner with the Commercial Team and demonstrate the ability to work both independently and cross-functionally.

Responsibilities

MEASURES OF SUCCESS / KEY ACCOUNTABILITIES AND RESPONSIBILITIES

PERFORMANCE MEASUREMENT & PLANNING
To manage the month-end, quarter-end and year-end reporting process, with the following specific responsibilities:
  • Prepare and distribute monthly performance management reports in accordance with Bacardi Global Finance guidelines, and propose corrective actions
  • Work closely with the Country Manager to prepare forecast P&L landing
  • Track delivery of KPI’s during financial year
  • Manage the rolling forecast model and S&OP process – coordinate with various functions (Commercial & Operations) to compile forecast P&L
  • Help identify and communicate key performance challenges, opportunities on a timely basis
  • Preparation and submission of the Budget and in year forecasts, by building the necessary templates, providing guidance and challenge to the commercial team and checking submissions
SALES DECISION SUPPORT
  • Business partner to Country Manager, Key Account Manager and On-Trade Manager
  • Act as a first point of contact for all financial queries. Queries will include data accuracy and performance tracking, as well as analysis to help drive future performance
  • Assist with customer contract management, and track trade terms, deals and accruals
  • Develop a detailed understanding of customer account profitability to enable effective allocation of resources within and between key customers
  • Support the Commercial team in identifying opportunities to take price and drive margin in annual customer negotiations
  • Tracking incubation brand and innovation performance
  • Conduct promotion (price and A&P) decision support through pre and post evaluation of promotional activity using ROI tools (On and Off Trade) to drive spend effectiveness and provide recommendations
  • Work with teams to ensure all pricing and promotion implemented within guidelines or exceptions are approved
  • Ensure integrity of price list and promotions in the system by reviewing completeness and accuracy
GENERAL
  • Maintain a system of internal controls to ensure financial information is accurate, timely and robust
  • Ensure integrity and accuracy of financials throughout systems
  • Manage Tax and VAT compliance for the legal entity
  • Manage the Customs and Excise reconciliations
  • Ensure statutory compliance with local laws and regulations
  • Support BBBEE initiatives
  • Responsible for the Statutory audit process




Skills and Experience


CRITICAL EXPERIENCES FOR SUCCESS / WHAT YOU'LL BRING

To be successful in this role you will have/be:
  • Excellent oral and written communication skills: able to interact effectively both with senior colleagues and peers, both within Finance and other functions (sales/marketing/etc)
  • Financial Analysis: Advanced Excel skills, ability to build excel models, explain variances to estimates, identify business risks and opportunities, and make appropriate recommendations
  • Experience in SAP is mandatory, while experience in COGNOS Controller and TM1 will be an advantage
  • Project Management: Ability to manage projects/tasks independently to ensure successful delivery (on time and within budget) while identifying potential issues/risks. Able to prioritize effectively and manage workload against tight deadlines
  • Strong commercial acumen: Strong understanding of the underlying drivers of business performance
  • Accuracy: High level of diligence and attention to detail
  • Control Environment: Understanding of internal controls, standards, and processes to ensure accuracy and consistency in data used for decision-making, internal/external reporting and communications
  • Fluent written and spoken English
EXPERIENCE
  • A minimum of 5 years finance experience, supporting a Customer Facing / FMCG / Spirits business with experience in trade spend.
  • Strong understanding of trade spend and the financial processes involved, with experience in a trade spend environment.
  • Skills: Advanced Excel, Strong SAP knowledge, strong analytical skills, strong governance skills, strong PowerPoint skills.
  • Competencies; strong business partnering, ability to influence across all levels, strong team player, ability to handle and work under pressure and to tight deadlines, ability to work with remote teams and drive action. Self-starter able to take initiative and work independently.
EDUCATIONAL REQUIREMENT
  • Completed articles with B.Com Hons, CIMA or CA(SA)

Our culture

We share the passion and entrepreneurial flair of our founder and are guided by our three culture pillars - Fearless, Family and Founders, they inspire our Primos to be the best they can be and drive us forward in all we do. But what does this mean?

·       Being Fearless; means adopting an agile mindset, being comfortable trying new things and taking risks. We are empowered to question, challenge and innovate.

·       Family; We treat each other, and our communities, like Family. Always.

·       Founders; The spirit of entrepreneurship is at the heart of everything we do. We see the business as if it’s our own. We do the right thing for the business and we all take accountability for our work.

When you join Bacardi, you become part of our family and gain more than just a job.


Disclaimer: Bacardi is an equal opportunity employer that values workforce diversity. Diversity is core to our business: by embedding diversity into all aspects of our culture, we maximize the opportunity to achieve sustainable business success and growth. The duties and responsibilities described in the role profile might not be a comprehensive list.