Finance Manager

ACWA Power; Johannesburg; On-site; ZAR 800,000 - 1,200,000; Full time

Job summary

A leading energy company in Johannesburg seeks a Finance Manager to oversee financial and accounting operations. Responsibilities include financial reporting, managing a diverse team, and ensuring compliance with IFRS and local tax laws. Ideal candidates will have a degree in accounting, relevant certifications, and significant experience in finance leadership roles.

Qualifications

• 5-10 years of work experience in finance, accounting, or auditing.
• Experience in South Africa tax is mandatory.
• Ability to work independently and manage a team.

Responsibilities

• Manage and train a culturally diversified accounting team.
• Design and implement financial reporting systems.
• Provide technical accounting assistance to teams.

Skills

In depth understanding of IFRS

Strong interpersonal skills

Organizational skills

Education

Bachelor’s degree in accounting or business administration

Chartered Accountant or equivalent

Tools

Microsoft Office

Job description

To manage the Finance, Accounting and Reporting aspects of ACWA Power businesses and corporate office. The successful candidate will be based in Johannesburg and report to the Executive Finance Manager. Will also be required to work with a culturally diversified team based in Johannesburg and travel between Northern Cape, Dubai and Riyadh and may require frequent travel within Southern Africa.

Key Responsibilities

• Manage and train a culturally diversified accounting team.
• Design and implement the preparation and review process of financial statements both under IFRS (Rand) including identifying and implementing 'stop gap' financial accounting and reporting system.
• Design and implement best practice accounting systems and processes including closing check lists and closing processes, chart of accounts, time sheets, financial policy manual, monthly flash reporting and analysis (i.e. no surprise reporting), representation letters, intercompany transaction, disclosure checklists, accounting assessment of contracts etc.
• Preparation and review of daily, weekly and monthly cash reports.
• Maintain and monitor company bank accounts to ensure funds are available as needed
• Effective and timely communication with group companies for all intercompany transactions and ensure timely reconciliation.
• Review invoices to group companies and third parties for services provided and monitor recovery and collection.
• Ensure correct, consistent and timely submission by finance team and by subsidiaries to JVA partners, tax authorities, external auditors etc.
• Provide in-depth controller services effectively safeguarding company assets by taking ownership of processes and procedures, updating these and developing and documenting new ones.
• Provide technical accounting assistance to teams at (on standards such as leasing, contracts, derivatives, deferred taxes, accounting for FX, transfer pricing etc) subsidiaries as well as business development deals including preparation of accounting whitepapers for accounting issues, maintaining database for technical accounting issues and contract assessments etc.
• Liaise with external and internal auditors, handle and supervise the annual audit and quarterly review of financial statements of the group of companies and the Company. This includes follow-up, discussion and conclusion of audit issues at corporate as well as at the project company’s level.
• Provide training to subsidiary controllers of new accounting developments
• Enter into service agreements with all subsidiaries and charge back hours provided by team to subsidiaries through implementation of corporate wide time sheet system.
• Responsible for assisting financial integration teams for new businesses.
• Take ownership of external audit process and implementation of recommendations by internal and external auditors.
• Identify and automate time-consuming activities i.e. bank reconciliations, accounts payable, accounts receivable, cheque payments etc.
• Group accounting activities (including payments, invoices, bookkeeping, etc.).
• Design and implement the preparation and review process of financial statements.

Knowledge and Skills

• In depth understanding and up to date with current IFRS as part of his/her work (IFRS experience is mandatory) - a strong understanding of IFRS.
• Practical experience of applying and documenting IFRS positions, with a focus on complex accounting standards (e.g. leasing, deferred taxes, contracts, derivatives, accounting for FX, transfer pricing etc.).
• Management of audits of groups/corporations.
• Knowledge and experience of South Africa tax is mandatory.
• Strong interpersonal, leadership, presentation, communication and decision-making skills.
• Strong value principles - honesty, integrity and commitment.
• Positive attitude, open communication style and self-motivated personality.
• Able to work independently and in a challenging environment.
• Strong organizational and time management skills.
• Be able to work closely with other teams and drive high quality processes and controls throughout the organization with an emphasis on added value and continued efficiency driven improvement

Qualification

• Bachelor’s degree in accounting or business administration with Accounting as a major. ACCA, CIMA and CA(SA).
• Chartered Accountant or any equivalent qualification with at least 5-10 years of work experience
• Knowledgeable in Applicable accounting laws, Tax laws, codes, regulations, policies and procedures.
• Sound Knowledge of Microsoft Office & Other IT Applications.