To achieve the ambition, we have set for ourselves, we are looking for colleagues who are ready to live our ethos every day. Come be a part of this journey!
BAT SOUTH AFRICA IS LOOKING FOR AN ASSISTANT COMMERCIAL FINANCE MANAGER
SENIORITY LEVEL Junior Management
FUNCTION Finance
REPORTS TO Senior Commercial Finance Manager, Marketing Finance (SA BLNE)
GEOGRAPHIC SCOPE SA BLNE
SALARY RANGE competitive salary package + excellent benefits + market leading bonus
LOCATION Cape Town, South Africa
What are the key objectives and expectations from this role?
To protect and develop the profitability of the company, costs control is important whilst maintain investment behind the strategic brands. The role of the Assistant Commercial Finance Manager will be to provide practical financial evaluation, information and advice that enables Marketing Management to develop and execute effective plans and take informed decisions. Further, the role will assist in building strong financial and commercial awareness within the Marketing Team.
What You Will Be Accountable For
- To assist the Snr Marketing Finance Manager with the development and implementation of systems and processes for the management and control of Brand expenditure.
- To co- ordinate the preparation of the marketing budget/plan and to provide accurate and timely information to assist the Brand Team with the monitoring of on-going performance.
- Preparing high quality and accurate buiness case financial analysis for appraising marketing plans/projects in line with required internal governance framework, including support on Post-Implementation Reviews.
- Ensure that all budget holders receive and review their actual expenditure (budget vs actuals analysis and commentary as well) and that the revised estimates are received monthly.
- Ensure accurate financial management and control of marketing capital expenditure across the various functions including Owned Retail Network
- Responsible for Month-end and Financial Year End requirements relating to Brand expenditure and other processes.
- To ensure that the authorisation and approval limits are well communicated and understood by budget managers to ensure proper internal controls.
- Increase the level of financial awareness within the brand marketing function and to raise in particular the financial implications of decisions.
- Assist with the development and implementation of financial procedures in order to ensure that a high level of internal control exists. Provide financial information and advice so that effective decisions can be made.
- Provide financial input to help Brand Management optimise costs (Marketing Spend Effectiveness)
- A minimum of 4 years relevant financial management experience (including internship / training programs)
- Ideally at least 2 years of practical commercial finance experience with cross functional exposure
- An undergraduate degree with Finance and Accounting as key subject matters would be required (i.e. M+3)
- Recently qualified or In-Progress CIMA / CA qualification advantageous.
- Good understanding of monthly financial reporting requirements and processes
- Experience working with Shared Services ideal
- Understanding / exposure to SAP and BPC, with understanding of FI / MM / PA modules
- A commercial approach to activities with a thorough understanding of investment appraisal techniques (NPV, Pay-Back period)
- Robust understanding of accounting principles and internal controls
- High proficiency in MS Office Suite
- Strong communication and interpersonal skills as well as the ability to manage relationships across all levels within the company and externally
- Ability to work effectively with teams across different geographies
- Self-starter, ability to prioritise effectively and self-manage
- Project management skills
- Experience in Power Apps / automation
At BAT we are committed to our Purpose of creating A Better Tomorrow. This is what drives our people and our passion for innovation. See what is possible for you at BAT.
- Global Top Employer with 53, 000 BAT people across more than 180 markets
- Brands sold in over 200 markets, made in 44 factories in 42 countries
- Newly established Tech Hubs building world-class capabilities for innovation in 4 strategic locations
- Diversity leader in the Financial Times and International Womens Day Best Practice winner
- Seal Award winner one of 50 most sustainable companies
Collaboration, diversity and teamwork underpin everything we do here at BAT. We know that collaborating with colleagues from different backgrounds is what makes us stronger and best prepared to meet our business goals. Come bring your difference!
BATSA is an equal opportunity employer who believes in the power of a truly diverse workforce. Preference will be given to suitable candidates from designated groups as we aim towards achievement of our Diversity, Inclusion and Belonging strategy and Employment Equity plan.
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