Management Accountant at Burger King South Africa

Providing managers with the relevant information to facilitate decision making by producing key analysis, budgets and forecasts

Duties and Responsibilities

Budgets and Forecasts

Develop and manage the annual budget in consultation with the Finance Exec and in alignment with business objectives
Develop and manage the quarterly forecasts in consultation with the Finance Exec and in alignment with business objectives
Track the monthly variance to the budget and identify high-risk areas and incorrect assumptions and suggest correct actions to management in a timely manner
Compile the monthly cashflow and provide informative analysis to the Finance Exec

Analysis & Reporting

Prepare Flash Financial Results for business review
Assist other departments in assessing the viability of projects or financial initiatives that impact our profitability for business case approval.
Ensure that the cost of operations is optimised, in line with a least cost operating strategy
Develop Ad Hoc & monthly analysis & Insights into the financial performance of the business at the summary and cost centre level for executive decision making and to identify revenue and cost saving opportunities:
Typical monthly analysis:
Store profitability reporting
Financial benchmarking by geodemographic clustering
Review financial results to reflect actual expense trends that correlate to cost drivers
G&A analysis
Monthly Actual to budget variance analysis & commentary
Develop own analysis

Financial Models & Templates

Own the control environment and output of any financial models used in the business, like the new restaurant financial feasibility model or renewal feasibility model
Develop & own all financial templates in use in the business for budget and other use purposes

Zero Based Budgeting

Maintain a monthly updated detailed Supplier Vendor Catalogue of each supplier in G&A, Ad Find, Other Restaurant Opex and Landlord Charges for profitability opportunity identification & accurate budgeting.
Standardise the GL allocations of all Supplier Vendor Catalogue items for AP processing; ensuring a useful link between the nature of the service and the name of the GL account and category for effective variance analysis.
Rename GL Accounts where the naming becomes ineffective for variance analysis
Create additional GL Accounts when new services occur to maintain effective variance analysis

Reallocate GL allocations when historical allocations no longer allow for sufficient variance analysis

Minimum Qualifications

Relevant BCom degree

Minimum Working Experience

At least 3 - 5 years' experience in a Management Accountant role

Technical Competencies/Knowledge (what must I know)

Proficient on Microsoft Excel
Financial Background
Excellent knowledge of budgeting and forecasting
Generally Accepted Accounting Principles

Skills and Abilities (what must I be able to do / display)

Attention to Detail
Analytical
Effective prioritization and quick problem-solving orientation is a requirement to achieve multiple departmental deliverables on a timely basis in a fast-paced category.
Highly organized, with the ability to adapt to change
Effective written and verbal communication skills
Work independently as well as in a team
Ability to work well under pressure

Desired Skills