Financial Manager (QSR) - KZN, Durban
Financial Manager (QSR) - KZN, Durban
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Durban, South Africa
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Posted: less than a week ago
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Description
THE ROLE To lead and control the full finance function for a multi-store QSR (Quick Service Restaurant) franchise group, ensuring strong daily financial controls, accurate reporting, statutory compliance, and commercially focused insights. The role requires regular travel to all outlets to conduct on-site financial audits, compliance reviews, stock and cash checks, and to work closely with Operations and Store Management to ensure financial discipline at outlet level.
KEY OUTCOMES
Accurate monthly management accounts per store and consolidated group
Strong daily controls over sales, cash, banking and inventory
Reduced waste, shrinkage and margin leakage through on-site audits
On-time statutory and tax compliance
A disciplined, well-led finance team
Consistent financial compliance across all outlets
KEY RESPONSIBILITIES: Financial Leadership&Team Management:
Lead, manage and develop the finance team
Allocate and review daily, weekly and month-end outputs
Implement finance SOPs, approval matrices and controls
Ensure audit-ready processes and documentation
Store Audits, Compliance&Travel:
Travel regularly to all outlets to perform on-site financial audits
Conduct cash-up, safe count, float and banking compliance checks
Review store adherence to financial SOPs and franchisor requirements
Verify stock management practices and investigate variances
Produce store audit reports with action plans
Daily Sales, Cash&Revenue Control:
Oversee POS sales reconciliations vs bank deposits and delivery platforms
Monitor voids, refunds, discounts and exception reports
Investigate discrepancies and elevate non-compliance
Maintain fraud prevention and loss-control measures
Cost of Sales, Stock&Supplier Control:
Analyse theoretical vs actual food and packaging costs
Review stock counts, waste and shrinkage trends
Oversee supplier invoice matching and creditor reconciliations
Partner with Operations to reduce cost leakage
Management Reporting&Performance Analysis:
Prepare monthly management accounts per store and consolidated
Deliver KPI dashboards and variance analysis
Benchmark store performance and identify risks/opportunities
Budgeting, Forecasting&Cashflow:
Lead annual budgets and rolling forecasts
Manage cashflow forecasting and working capital
Support capex planning and ROI tracking
Statutory, Tax&Governance:
Review and submit VAT returns and reconciliations
Oversee payroll statutory compliance (PAYE/UIF/SDL)
Coordinate annual financial statements and audits
Manage relationships with accountants, auditors and banks
Operational Partnership:
Work closely with Operations and Store Managers
Provide financial training to store management
Support new store openings and system rollouts
KEY KPIs:
Month-end close by Day 5–7
Sales reconciliation exceptions resolved within 48 hours
Stock variance and waste within thresholds
100% on-time statutory submissions
Completion of scheduled store audits with documented outcomes
MINIMUM REQUIREMENTS: Qualifications:
BCom Accounting / Finance or equivalent
CIMA / SAICA / SAIPA very advantageous
Experience&requirements:
5–8+ years in QSR, retail, franchise or multi-site finance roles
Proven finance team leadership experience
Hands-on store audit and control experience
Must have valid driver's license and reliable vehicle
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KEY OUTCOMES
Accurate monthly management accounts per store and consolidated group
Strong daily controls over sales, cash, banking and inventory
Reduced waste, shrinkage and margin leakage through on-site audits
On-time statutory and tax compliance
A disciplined, well-led finance team
Consistent financial compliance across all outlets
KEY RESPONSIBILITIES: Financial Leadership&Team Management:
Lead, manage and develop the finance team
Allocate and review daily, weekly and month-end outputs
Implement finance SOPs, approval matrices and controls
Ensure audit-ready processes and documentation
Store Audits, Compliance&Travel:
Travel regularly to all outlets to perform on-site financial audits
Conduct cash-up, safe count, float and banking compliance checks
Review store adherence to financial SOPs and franchisor requirements
Verify stock management practices and investigate variances
Produce store audit reports with action plans
Daily Sales, Cash&Revenue Control:
Oversee POS sales reconciliations vs bank deposits and delivery platforms
Monitor voids, refunds, discounts and exception reports
Investigate discrepancies and elevate non-compliance
Maintain fraud prevention and loss-control measures
Cost of Sales, Stock&Supplier Control:
Analyse theoretical vs actual food and packaging costs
Review stock counts, waste and shrinkage trends
Oversee supplier invoice matching and creditor reconciliations
Partner with Operations to reduce cost leakage
Management Reporting&Performance Analysis:
Prepare monthly management accounts per store and consolidated
Deliver KPI dashboards and variance analysis
Benchmark store performance and identify risks/opportunities
Budgeting, Forecasting&Cashflow:
Lead annual budgets and rolling forecasts
Manage cashflow forecasting and working capital
Support capex planning and ROI tracking
Statutory, Tax&Governance:
Review and submit VAT returns and reconciliations
Oversee payroll statutory compliance (PAYE/UIF/SDL)
Coordinate annual financial statements and audits
Manage relationships with accountants, auditors and banks
Operational Partnership:
Work closely with Operations and Store Managers
Provide financial training to store management
Support new store openings and system rollouts
KEY KPIs:
Month-end close by Day 5–7
Sales reconciliation exceptions resolved within 48 hours
Stock variance and waste within thresholds
100% on-time statutory submissions
Completion of scheduled store audits with documented outcomes
MINIMUM REQUIREMENTS: Qualifications:
BCom Accounting / Finance or equivalent
CIMA / SAICA / SAIPA very advantageous
Experience&requirements:
5–8+ years in QSR, retail, franchise or multi-site finance roles
Proven finance team leadership experience
Hands-on store audit and control experience
Must have valid driver's license and reliable vehicle
#J-18808-Ljbffr
Highlights
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Company nameOttoBauthentic
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Job positionFinancial Manager (QSR) - KZN
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