Financial Controller at Buymore Supermarket

Job Summary

• The Head of Finance is responsible for overseeing the financial operations of the supermarket chain, ensuring strong financial controls, accurate reporting, compliance with statutory requirements, and effective budgeting to support business growth.
• The role provides strategic financial leadership and ensures efficient financial management across all four branches.

Responsibilities
Financial Planning & Strategy:

• Develop and implement the company’s annual budget and financial strategy.
• Prepare monthly, quarterly, and annual financial forecasts to guide business decisions.
• Lead financial analysis to support expansion, pricing decisions, and profitability.

Financial Reporting:

• Prepare timely and accurate financial reports:
• Profit & Loss statement
• Balance sheets
• Cash flow statements
• Branch performance reports
• Present financial performance insights to management and recommend improvements.

Financial Controls & Compliance

• Establish and enforce robust internal controls across all branches (cash handling, POS reconciliation, stock movement, and approvals).
• Ensure compliance with tax laws, regulatory requirements, and IFRS/GAAP standards.
• Manage external audits and ensure proper documentation.

Cashflow & Treasury Management:

• Monitor daily cashflow and ensure adequate liquidity for operations.
• Oversee bank reconciliations, vendor payments, and receivables management.
• Ensure proper management of POS settlements, transfers, and revenue reconciliation.

Inventory & Cost Management:

• Oversee inventory valuation, stock audits, and shrinkage control.
• Work with Procurement and Operations to manage cost of sales and maintain healthy margins.
• Analyse branch variances, wastages, and price discrepancies.

Team Leadership & Branch Oversight:

• Supervise branch accountants, cashiers, and finance staff.
• Conduct finance-related training across branches (cash handling, documentation, reporting).
• Implement standard operating procedures (SOPs) for branch financial activities.

Systems & Process Improvement:

• Work with IT and operations to enhance the use of accounting software and POS systems.
• Automate reporting and streamline financial processes for efficiency.

Requirements

• Bachelor’s Degree in Accounting, Finance, Economics or related field.
• Minimum of 7–10 years relevant experience, with at least 3 years in a senior finance role.
• Professional certification: ICAN or ACCA required.
• Strong experience in retail, supermarket, FMCG, or multi-branch operations.
• Deep understanding of accounting software (e.g., QuickBooks, Sage, ERP), POS systems, and stock management processes.

Skill & Competencies:

• Strong analytical and numerical skills.
• Excellent leadership and team management ability.
• High attention to detail and strong internal control mindset.
• Strong communication and presentation skills.
• Ability to work in a fast-paced retail environment.
• Problem-solving skills and sound financial judgement.