Financial Manager - ITB
Listing reference: novho_000048
Listing status: Online
Apply by: 28 August 2026
Position summary
Industry: Financial Services
Job category: Financial Management
Location: Kwazulu Natal
Contract: Permanent
Remuneration: Market Related
EE position: Yes
Introduction
ITB, a division of Novus Holdings, is currently seeking to appoint a CMA-qualified financial professional to lead the finance department and manage all finance-related functions, including taking ownership of all cost accounting functions, ensuring accurate reporting, and providing management with the insights needed to make profitable, data-driven decisions.
Job description
- Generate accurate and complete reports according to management and business needs to support strategic financial decisions
- Develop, implement, and improve new and current product costing models to ensure accurate and reliable cost data across all product lines
- Conduct variance analysis (materials, labour, overheads), explain deviations to management and recommend changes to BOM
- Partner with operations and procurement to track wastage, yield, and efficiency measurements
- Provide cost simulations and profitability analysis for tenders, pricing, and new product development
- Analyse financial data to identify trends, variances, and root causes; evaluate multiple scenarios and recommend alternative solutions to improve operational efficiency, mitigate risk, and support strategic decision-making.
- Lead the preparation of annual budgets and rolling forecasts, with emphasis on cost control in line with growth strategies
- Manage inventory valuation, WIP reporting, and stock reconciliations, ensuring alignment with IFRS and company policies
- Prepare and deliver accurate monthly cost reports, margin analysis, and management insights
- Support operational teams with KPI dashboards and ad-hoc financial analysis
- Work closely with senior and middle leadership to identify cost-saving initiatives and efficiency projects across the business
- Ensure monthly management accounts are accurate and on time
- Lead Finance team through both internal and external Audits
- Prepare and present annual financial budget and quarterly forecasts
- Coordinate projects such as BEE verification that requires collection of data.
Minimum requirements
- CMA qualification (essential)
- Bachelor’s degree in accounting, Finance, or related field.
- Minimum 5 years’ experience in cost accounting in a manufacturing or packaging environment.
- ERP experience in Syspro with advanced Excel skills – added advantage
- Strong knowledge of costing methods (standard & absorption cost)