Reporting to the CFO, the Senior Financial Manager leads the Analyst team in bringing together forward looking, value adding insights to support the Strategy setting and decision-making function of the Company’s operational dimension. The Senior Financial Manager will act as a business advisor and partner and will align to the business to provide quality financial insight and analysis.  

Key Accountabilities

Team Management

• Oversee the financial and cost accounting processes undertaken by the Analyst team
• Develop junior Staff to secure proper succession plan and allow talent growth and adaptability.
• Plan, assign and review the team’s work. Support the Company’s periodic performance objective setting and review cycle

Manufacturing labour and Overheads control

Responsible for the: 

• Responsible for the NPD, Finished Goods brief approval from an operations (labour and overheads) perspective
• The maintenance of production assets and associated operational data such as Production manning requirements, Production line preventive maintenance plans etc. 
• The maintenance of production routes and the associated link of the routes to production lines and ultimate to the Finished Goods. Ensure that ERP system is updated with relevant up to date specification for both manning and overheads.
• Standard costing process leading to Manufacturing labour recovery rates (Direct and Indirect)
• Standard costing process leading to Manufacturing Overhead recovery rate/s 
• Standard costing process leading to Manufacturing inter factory profits
• Variance and root cause Analysis related to manufacturing labour expenditure (direct and indirect) Monitor results against plans and budget, previous year and standards. Collaborate with operations and Technical to close gaps and optimise labour expenditure 
• Variance and root cause analysis on manufacturing overheads expenditure Monitor results against plans and budget, previous year and standards. Collaborate with operations and Technical to close gaps and optimise overhead expenditure
• Responsible for the timely closing of Production order, associated variance reporting by production order (manage by exception). 
• Responsible for the Company’s manufacturing accounts and production period reports, including planned production costing vs. Actuals.

Product costing and cost planning – Labour and Overheads

• Act as Finance partner to Manufacturing and Technical functions, providing support in financial analysis, forecasts, simulations, production plan execution, & cost analysis. 
• Responsible for long term capacity planning, supporting commercial scenarios and simulations (capacity, capex, marginality, supply chain cost optimisation) 

OEE Analysis

• Responsible for Variance and Gap Analysis on OEE. Monitor results against plans and budget, previous year and standards. Actively seek areas and initiatives targeting OEE improvement 

Planning/budgeting/forecasting – Annual & Cashflow (labour and Overheads)

• Responsible for the annual budgeting and forecasting of Manufacturing labour requirements and overheads costing. Lead and co-ordinate with other departments to compile data and analysis leading to the budget/forecasts 
• Prepare and analyse cash flow requirements leading cash-flow requirements projections (both short and long term) for manufacturing labour and overheads 
• Monitor actual expenditure against the budget and forecasts. Ensure alignment and analyse / report variances 

Reporting and Decision support

• Act as point of contact for top management to challenge, dispute & support initiatives such as cost saving projects. Provide financial analysis to the top management team to support achievement of financial goals.
• Define reporting requirements and ensure alignment of such reports to business strategy. Develop reports to ensure clear visibility of key performance indicators and to support decision making.
• Provide accurate, timely management and internal reporting for the manufacturing area. Assist the Finance and Control Manager by providing manufacturing related analysis leading to the budget and forecasts. 
• Identify and lead a continuous improvement and automation programme in line with the company’s objectives and priorities. Ensure that Employee utilisation and OEE is optimised.
• Champion data structure, policy & synergy between all business functions, leading standardised, aligned reporting across all user groups.
• Collaborate with the Tax and Finance Management team as required.

Capital project accounting

• Prepare Financial feasibilities and associated studies to evaluate the Company’s Asset investment projects. Provide detailed information to support the respective Committee decision making process
• Coordinate enterprise risk management activities and Monitor controls compliance
• Support the CFO and the Finance and Compliance Manager to maintain a robust framework of policies and procedures and be accountable for compliance across the Company. Support the execution and management of the Company risk register
• Lead the risk management process ensuring adequate activities to identify financial and business risks & mitigate accordingly.
• Review monthly performance and identify areas of risk to achievement of Company targets and forecasts and develop/follow up action plans. Escalate as necessary.

Ideal Candidate Profile

Education

• Master’s degree in business / finance or B. Comm hons in accountancy and/or Accountancy Qualification
• Warranted / Chartered Accountant.

Experience

• Minimum of 8 years overall experience, of which 5 years in a Finance Manager. With particular focus on FMCG. 

Technical skills

• Financial Management and Accounting 
• Profitability Analysis (BP)
• Cost Planning and control - Labour and Overheads (BP)
• Manufacturing Labour and Overhead optimisation (BP)
• Machine capability, efficiency and utilisation (BP)
• Manufacturing accounting and control
• Cost Benefit analysis and financial modelling
• ERP systems
• BI and reporting 

Competencies

• Judgement & Decision Making
• Analytical Thinking & Problem Solving
• Assertiveness
• Building Strategic Partnerships
• Influencing and Impact, including Conflict Management
• Presentation and Facilitation
• Business Acumen
• Consulting & advising
• Modelling (Leading by Example)
• Planning & Organising
• Developing People