Financial Manager: Costing

at  Reflex Solutions Pty Ltd

ABOUT REFLEX

Established in South Africa 23 years ago, Reflex Solutions has quickly grown into a reputable ICT solutions provider with a proven track record of renowned ICT solutions in the retail-sector and a strong FNO partnership network. We boast a team of highly experienced technical professionals, empowering us to deliver quick and high-quality service offerings for building and managing the backbone that propels our customers’ businesses forward. We currently provide ICT solutions to over 500 retail outlets, as well as services to the Property Management, Hospitality, Logistics and Legal sectors.

EDUCATION, EXPERIENCE AND SKILLS:

• Bachelor’s degree in Finance, Accounting, or a related field.
• A professional accounting qualification (e.g., CA or CFA).
• Minimum of 5 years of experience in financial management, with a focus on costing and budgeting.
• In-depth knowledge of financial and cost management principles.
• Expertise in budgeting and forecasting processes.
• Strong systems implementation.
• Skilled in variance analysis and financial reporting.
• Effective stakeholder management and communication.
• Strong abilities in process improvement.
• Advanced data analysis and interpretation skills.
• Proficiency in SAP and advanced Excel skills.
• Strong analytical and problem-solving skills.
• Excellent communication and interpersonal skills.
• Ability to work both independently and as part of a team.
• High attention to detail and accuracy.
• Ability to work independently and collaboratively in a team environment.

ABOUT THE ROLE

The Financial Manager: Costing is responsible for managing and analyzing the costs of providing telecommunications services. This role involves tracking, recording, and analyzing cost data to ensure accurate financial reporting and to support strategic decision-making. The FM will work closely with various departments to gather necessary data, prepare cost reports, and provide insights to optimize cost efficiency. This role provides critical support to the CFO and managers through detailed financial analysis and insights, driving business performance and ensuring the accuracy and integrity of financial information.

KEY DUTIES AND RESPONSIBILITIES

Budgeting and Forecasting

• Lead and manage the preparation of the annual budget, including cost forecasting, across the organisation.
• Consolidate financial data from all cost centres and profit centres into two primary business units.
• Provide detailed cost and budget analysis to support budgeting, forecasting and decision-making activities.

Performance Tracking and Analysis:

• Track and report on budget variances, providing explanations for significant differences.
• Engage with relevant managers to discuss and explain variances in their financials.
• Assist relevant managers in breaking down and analyzing their financial information.
• Maintain accurate records of all cost data and update the cost database regularly.
• Organize and lead quarterly performance review meetings with all relevant stakeholders.
• Analyze product and service costs to identify areas for cost reduction and efficiency improvement.
• Monitor and analyze cost variations and trends related to telecommunications services.
• Management accounts analysis.

AD HOC RESPONSIBILITIES:

• Approve training expenditures in line with the approved budget.
• Provide comprehensive financial analysis and information to support various business needs and decision-making processes.