Finance Manager - Cape Town

Role Overview

We love what we do – and it shows! Time Out Market is the division of Time Out that brings our food and cultural experiences to life for our guests, readers, and clients. We are opening a new Time Out Market in Cape Town in conjunction with our partners, Emaar under a management agreement.

The Financial Controller will be responsible for overseeing the finance department and all finance related activities for the Market. We are looking for an experienced accountant, capable of preparing reliable and timely financial information to upper management, Group finance and other stakeholders.

Key Responsibilities

•  Work and communicate closely with the General Manager of the Market.
• Manage the month-end accounting and reconciliation process using SAP accounting software.
• Assess Market performance against both the annual budget, quarterly forecast, and long-term strategy
• Oversee the reporting requirements and deadlines for both the TOM Group (The Manager) and the Waterfront Pty Ltd (Owner)
• Prepare and report weekly business KPIs to top management using the POS system
• Assist with treasury management, oversee local banking relationships, and prepare weekly cash flow updates to TOM Group finance
• Assist with organizing the weekly payment schedule and Subtenant reporting.
• Monitor operations, analysing and controlling the execution of the activity plans and annual budget. Proactively seek to reduce costs and improve profit.
• Prepare and consolidate the annual budget and reforecast in coordination with other departments
• Manage tax obligations and compliance with tax requirements alongside outsourced tax advisers
• Assist with half-year and year-end audit work, including preparation of reports for internal sign off
• Oversee human resources and admin activities
• Assist in the preparation of internal and external presentations
• Coordinate the implementation and maintenance of an internal control system
• Oversee / approve incidental purchases
• Develop and manage accounts staff

Skills and Experience 

• Preferred Qualified account (CA, ACCA etc)
• Bachelor’s degree in area of specialty
• Experience in similar role for 4-7 years
• Excellent written and verbal skills in English
• Experience in SAP preferred, but not necessary
• Background in publicly listed company is a plus
• Possession of state required work card
• Proof of eligibility to work in Cape Town

About our culture

At Time Out Group we believe in diversity and equal opportunity for all people. We do not discriminate against external or internal candidates on the basis of age; disability; gender, gender reassignment; race; religion or belief; sexual orientation; marriage and civil partnership; pregnancy and maternity. We believe that diversity develops creativity and enables personal and professional growth where we all learn from each other.

We believe in an open culture where ideas are shared candidly and where there is no fear of failure, but rather an understanding that we must experiment and have the freedom to succeed. We believe that everyone has the right to express themselves as they are as this enriches us all. We believe in an open world, social justice, and the pursuit of happiness, after all, we are in the happiness business.

About Time Out Group plc

Time Out Group is a global media and hospitality business that inspires connection and joy by capturing the soul of the world’s greatest cities through its two divisions – Time Out Media and Time Out Market.

Time Out launched in London in 1968 with a magazine to help people discover the exciting new urban cultures that had started up all over the city. Today, Time Out’s professional journalists curate the best things to do, see and eat in 333 cities in 59 countries.

Time Out Market is the world’s first editorially curated food and cultural market, bringing a city’s best chefs, restaurateurs and unique cultural experiences together under one roof. From cooking classes with top chefs to installations from local artists and live entertainment, Time Out Market captures the soul of the city.

The first Time Out Market opened in 2014 in a historic market hall in Lisbon, quickly turning into the most popular destination in the city with 4.1m locals and tourists visiting in 2019. The success of Lisbon brought further expansion in North America, with Time Out Market opening in four major cities in 2019: New York, Boston, Chicago and Montreal. In 2021, Time Out Market expanded into the Middle East with Time Out Market Dubai, and more Time Out Market locations are in the pipeline including Porto, London, Prague, Japan and more.

Time Out Group was named International Brand of the Year 2021 in the Campaign Publishing Awards – awarding bravery, editorial innovation and forward thinking. While Time Out Market won the Most Innovative Food & Beverage Concept Award at the Global RLI (Retail & Leisure International) Awards 2021