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Commercial & Finance Manager job at CIC (Pty) Ltd

PURPOSE OF THE POSITION:

Define and implement a strategy, operating model and policies for multiple value chain functions in the context of an analysed risk profile as well as relevant corporate governance. Define and control the budget for multiple value chain functions.

KEY ACCOUNTABILITIES:

  • Continually increase Principal profitability by calculating and evaluating the value chain profitability of existing and potential principals.
  • Ensure sourcing of new business to fit into the current basket and negotiate profitable agreements.
  • Ensure successful integration and synthesize relevant concepts into new solutions for which there is no previous experience.
  • Analyze and evaluate the commercial environment and business factors through systematic processes, incorporating these insights towards building a viable operational strategy at a multiple value chain level.
  • Analyze and negotiate new principal contracts with sufficient knowledge of contract law.
  • Comply with IFRS standards for reporting and audit requirements.
  • Ensure reconciliation of stock reports by comparing theoretical vs actual figures and compile reasons for variances.
  • Monitor increases, decreases, capitalization, and effects of claims raised against principals.
  • Compile reasons for differences, if any, between actual and budgeted Gross Profit (GP) per principal.
  • Ensure correct reconciliation of General Ledger (GL) accounts.
  • Ensure regular and accurate updates of assets.
  • Ensure on-time reporting as per deadlines, including budgets according to the Imperial Calendar.
  • Control Creditors reconciliation.
  • Responsible for the reconciliation of all balance sheet items and follow up on variances.
  • Ensure cost review of all company expenses compared to the budget.
  • Analyze VAT reconciliations and follow up on discrepancies.
  • Ensure the correctness of reports provided to auditors that correspond with the GL.
  • Manage Finance staff.

QUALIFICATIONS, EXPERIENCES & SKILLS:

  • Grade 12- and five-years’ experience in FMCG
  • Degree in Finance or Business Management
  • Contract law will be a definite advantage
  • Fluency in Afrikaans and English
  • Proficiency in an indigenous language will be a definite advantage
  • Be able to handle pressure and conflict situations
  • Negotiation skills
  • Have good communication skills
  • Be friendly, punctual, reliable and presentable
  • Have good interpersonal skills and be able to work independently
  • Valid passport and police clearance certificate
  • Namibian citizenship
  • IFRS Knowledge

Individuals meeting the above requirements should please forward a comprehensive CV together with a covering letter, clearly indicating the position being applied for to:

The Human Resources Department:

Email: cic.recruitment@cic.com.na – – When forwarding your application via email, please ensure that your information is consolidated and that your email attachments are limited to three (3).

Please note that only short listed candidates will be contacted and that no documentation will be returned. Applicants who are not contacted within two weeks from the closing date should consider their application unsuccessful.

As per Affirmative Action (Employment) Act, Act 29 of 1998 Namibian Citizens from previously disadvantaged groups will enjoy preferential treatment.

Closing Date: 15 April 2025