Financial Reporting Manager

Massmart; Johannesburg; On-site; ZAR 600,000 - 900,000; Full time

Job summary

A leading retail company is seeking a Manager: Reporting to oversee the statutory and management reporting process. This role involves leading the month-end reporting cycles, ensuring compliance with internal controls, and managing relationships with auditors. The ideal candidate has over 6 years of experience in financial reporting, including 2 years in a managerial role. Strong knowledge of IFRS, teamwork, and proficiency in ERP systems like SAP is essential.

Benefits

Equal opportunity employer

Qualifications

• 6+ years of progressive experience in financial reporting.
• 2 years managing a team in a complex organization.
• Experience with ERP systems like SAP or HFM.

Responsibilities

• Lead the statutory and management reporting process.
• Oversee month-end reporting cycles and ensure compliance.
• Manage the relationship with internal and external auditors.

Skills

IFRS principles

Financial statement preparation

Stakeholder relationship management

Team management

Data analysis

Education

Bachelor’s Degree in Finance/Accounting

Chartered Accountant (SA)

Tools

SAP

HFM

Great Plains

Job description

The Manager: Reporting is responsible for leading the statutory and management reporting process across Massmart by managing month-end reporting cycles, ensuring compliance with internal control frameworks and accounting standards (IFRS), overseeing the integrity of financial information, and leading the preparation and review of management packs, Walmart reporting requirements, and annual financial statements. The role is also expected to provide strategic input to improve reporting processes and systems as well as ensuring audit readiness.

Responsibilities

Financial Reporting Management

• Oversee the preparation and first-level review of monthly Flash results and commentary.
• Coordinate the timely and accurate submission of Walmart reporting packs (e.g. FRAP, CECL, 10K inputs, GL validations, roll forwards).
• Lead the preparation of monthly management accounts and ensure commentary is accurate and insightful.
• Oversee the accurate and timely completion of HFM reporting packs.

Month-End Close and General Ledger Oversight

• Manage the month-end close process for relevant general ledger accounts, ensuring integrity and accuracy.
• Ensure that proper controls are followed for journal entries, accruals, and other key close activities.
• Review daily and monthly entries in collaboration with Reporting Accountant(s).

Balance Sheet Reconciliations and Financial Controls

• Prepare and/or review assigned monthly balance sheet reconciliations in line with the Walmart Reconciliation Policy.
• Maintain robust internal controls and ensure compliance with all finance policies and procedures.
• Identify control gaps and support remediation initiatives.

Year-End and Statutory Reporting

• Oversee the preparation and review of the year-end reporting package for relevant legal entities.
• Support the drafting and review of Annual Financial Statements (AFS) in compliance with IFRS.
• Lead the review and submission process of StatSA and 10K inputs to Walmart.

Audit and Compliance

• Act as a key contact point for both internal and external auditors.
• Support the resolution of audit queries and ensure audit readiness for all reporting-related matters.

Systems and Process Improvement

• Oversee year-end roll-forward processes for SAP and/or Great Plains.
• Review and approve ERP account maintenance requests (e.g., new accounts, cost centers).
• Contribute to reporting process automation, improvement, and system enhancement projects.

Stakeholder Management

• Manage the relationship with key service providers, such as Genpact, ensuring the delivery of agreed service levels and proactively communicating any challenges.
• Maintain an open communication and positive working relationship with the Genpact team to ensure all transactional processing aligns with all required reporting deadlines and finance control policies are adhered to.
• Collaborate effectively with other Finance teams to ensure alignment of reporting data and understanding of business drivers impacting financial results.
• Partner with business stakeholders to understand their reporting needs and ensure that provided reports are relevant and insightful.
• Work collaboratively with the Group Reporting team to ensure the consistent application of reporting policies and timelines.
• Actively participate in cross-functional projects, providing reporting expertise and ensuring that reporting requirements are considered in system implementations and process changes.

People Management

• Clearly communicate team goals and individual job expectations, aligning these with the overall controllership strategy. Provide team members with the resources and support they need to achieve these goals.
• Efficiently assign tasks to team members based on their skills and workload. Ensure all tasks are understood and are being carried out effectively and on time.
• Use tools and systems to ensure accountability in delivery which creates visibility as to the team’s progress and performance
• Regularly review team members\' performance against objectives and provide constructive feedback and coaching. Recognize and reward excellent performance and address any performance issues promptly and effectively.
• Identify training and development opportunities for team members to enhance their skills and knowledge. Provide mentorship and encourage continuous learning and improvement.
• Foster a positive and collaborative team culture. Encourage open communication, teamwork, and mutual respect. Celebrate team successes and ensure team members feel valued and motivated.

Minimum Requirements

Qualifications:

• Bachelor’s Degree in Finance / Accounting related qualifications.
• Qualified Chartered Accountant (SA) or equivalent professional qualification is advantageous.

Experience:

• 6+ years of progressive experience in financial reporting within a large, complex organization preferably in retail or multinational environments of which 2 years must have been managing a team.
• Experience in working with ERP systems such as SAP, HFM, or Great Plains.

Competencies and skills

• Solid understanding of IFRS principles and their application in financial reporting.
• Proven ability to prepare accurate and timely financial statements and reports.
• Proficiency in managing balance sheet accounts and ensuring accurate reconciliations.
• Experience with relevant ERP systems (e.g., SAP, Great Plains) and financial reporting tools.
• Understanding audit processes and the ability to facilitate internal and external audits.
• Ability to build and maintain effective relationships with internal and external stakeholders, including service providers and auditors.
• Proven ability to manage, mentor, and develop a team of accounting professionals.
• Strong ability to analyze financial data, identify issues, and propose solutions.

Massmart is an equal opportunity employer and encourages all people including people with disabilities to apply for the role. Due to the volume of applications we receive, should you not hear from us within 14 days of your application, kindly consider your application unsuccessful.

Please take note that by responding to this application and providing your personal information, you confirm your express and informed consent for Massmart Proprietary Limited and all its subsidiaries and all affiliated companies ("Massmart"), to process your personal information in order for Massmart to consider your application for this position. All Personal Information that you provide to the Company will be used and/or retained only for the purposes for which it is collected, where after it will be permanently destroyed. Your information is only retained if it is required by law or where you have given consent to us to retain such information for an extended period.