Management Accountant

Purpose of Job

• Ensure that sound financial management and reporting practices are implemented and applied in the Business Unit.
• Ensures effective, accurate and timely reporting to internal stakeholders.
• Participates and provides input in business decision making and financial management of the business unit.
• Support the budget owners (cost centre managers) with financial analysis and intelligence in a proactive, positive and constructive manner to facilitate decision making as well as to evaluate the effect of decisions made.

Key Accountabilities
Monthly reporting on relevant functions and management accounting related matters, which include, but are not limited to:

• Prepare monthly reports for your applicable area within the required deadline and present the reports to your Senior Managers/cost centre owners at the monthly cost meetings. The preparation includes reviewing the financial position of the department and providing meaningful variance explanations.
• Scrutinise actual line items to ensure correct cost allocations, classifications and preparing journal entries where corrections are required (account hygiene).
• Evaluate completeness of monthly cost and prepare provision journals as per the work instruction for the provision process.
• Prepare monthly General ledger reconciliations as assigned to you, ensuring they are accurate, complete and prepared timeously for review.
• Validating General ledger accounts used for sundry payments/petty cash and sign as proof of review.
• Monthly recovery of FOB (For and on behalf of) costs, intercompany cost as well as external recoveries (invoicing).
• Provide training to cost centre owners relating to SAP and power BI reports (where required).
• Maintain SAP master data at cost centre level and cost types used.
• Attend to ad-hoc requests efficiently and on time.

Execute budget and forecasts for all relevant budget / cost centre owners, which include, but is not limited to:

• Give guidance to cost centre owners in terms of budget and forecast guidelines and requirements.
• Accurate cash flow forecasts presented within agreed deadlines.
• Prepare and analyse financial information received for budgets and forecasts.
• Update SAP budget system with budget and/or forecast figures.
• Ensure accurate budget and forecasting is delivered and is aligned to guidelines and targets.
• Present and confirm accuracy and completeness of SAP data to cost centre owners.
• Prepare and analyse financial information received for budgets and forecasts.
• Perform variance analysis against budget, prior year, and forecast.
• Submit budget/forecast information timeously to Manager: management accounting.
• Timeously obtain cost drivers from your stakeholders for cost recoveries (recovery model), where applicable.

Execute year-end and half year-end activities for all relevant cost centre areas, which include, but is not limited to:

• Ensure all account hygiene corrections have been processed and no pre-payments and capital items are part of operating expenses (opex).
• Ensures all accruals and provisions are accurate, valid, and accounted for.
• Prepare disclosure schedules as assigned to you for year-end pack completion.
• Ensure all activities are strictly in adherence to communicated timelines.
• Analytical review of half year end/year end results.

General:

• Strong knowledge of SAP will be advantageous, including but not limited to processing of invoices.
• Complete all monthly activities as per timelines.
• Cross functional collaboration and teamwork critical.
• On-the-job training to and from team members.
• Custodian of governance in assigned area, adhere to IFRS and Accounting manual.
• Capable of presenting cost reports at monthly cost meetings.

Formal Education

• University bachelor’s degree – Finance/Management accounting

Working Experience

• 6+ relevant years
• Strong knowledge of SAP and Excel will be advantageous, including but not limited to processing of invoices

Competencies

• Compliance: Understanding the rules, regulations, sanctions and other statutory requirements, guidelines and instructions relating to governing bodies and organizations, both internally and externally.
• Decision Making: Ability to know when and what decisions should be made or escalated to make the right decisions in a fast-paced, rapidly changing environment.
• Financial Management: Demonstrated knowledge and application of Financial Management, the strategic and functional management of the set of processes, customs, policies, laws, and institutions affecting the way the company's finances are directed, administered, and controlled.
• Integration: The consolidated view with various parts, circumstances, legislation, landscapes or aspects linked or coordinated.
• Partnership Leadership: Persuades and influences stakeholders; builds relationships and partnerships for win-win outcomes. Builds teams and creates synergies through working across boundaries.
• Reporting: The ability to access information from databases, forms, and other sources, and prepare reports according to requirements.