Finance Reporting Lead - Business Intelligence

Woolworths Financial Services Full time

Cape Town, South Africa Posted on 03/18/2025

WoolworthsFinancial Services, or WFS as it is better known, is a JointVenture with Absa Bank, that supports the Woolworths retailbusiness by providing in-storecredit inthe formof the Woolworths StoreCard andoffering value-addedservices including credit cards, personal loans and short-terminsurance as well as life insurance linked to otherproducts.

Main Purpose

Tosupport both the Head of Finance BPA and Head of Finance in managing the WFSFinancial reporting framework, by partnering and leading a team ensuring allreporting responsibilities to key stakeholders are effectively executed withina robust framework and aligned to shareholder requirements as well as toprovide the business with commercial thought leadership, insightful financial& commercial analysis, accurate financial reporting.

Key Responsibilities

• Management and financial reporting (not financial accounting) across various dimensions, including weekly and monthly performance reporting, which includes being part of month end close process

• Timely delivery of WFS performance reporting (management accounts) for Board, Exco and leadership groups, including:
• Analysis of variances against budget and forecasts;
• Insightful explanations and commentary; and
• Recommendations for improvements/remedial action.
• Ensure distribution of accurate and relevant weekly and monthly performance indicators to the business owners.
• Ensure approval and timely submission of weekly, monthly and annual performance to WW and Absa.

• Monthly financial reporting to shareholders.
• Present financial results and insights to senior management and other stakeholders, highlighting key trends and areas for improvement.
• Continuously seek improvements in accounting processes and procedures and manage the change process when improvements are implemented.
• Stay abreast of accounting trends, relevant legislation and events in the accounting industry.

• Management of staff members according to HR Best Practice and Policies: recruitment, induction, task setting and delegation, performance management, development planning, managing staffing capacity, succession planning, rewards and recognition and employee relations issues.
• Attend to and resolve all staff related issues.
• Ascertain all people administrative matters are effectively handled.
• Conduct informal coaching with immediate staff and other stakeholders.
• Manage EE targets.

• 3 year university degree in Accounting, Financial Accounting and/or Business
• CA(SA) or equivalent

• CIMA

• 5 years' experience in a management accounting and/or financial performance and planning role
• 2 - 3 years management experience

• 3 to 5 years' experience within a medium to large organisation within the financial services industry

• Excellent communication skills including strong ability to communicate (verbal and written) strategic and financial reporting to Exco and leadership teams.
• Strong analytical skills including variance analysis and interpreting the impact of current/forecast circumstances on future business performance.
• Strong accounting knowledge (IFRS etc.).
• Ability to design and review accurate financial modelling in Excel.
• Experience of complex GL and reporting systems e.g. Oracle.
• Knowledge of retail financial services business or similar large corporate environment.