Management Accountant

SAFAL Group; Durban; On-site; ZAR 700 000 - 1 000 000; Full time

Job summary

A leading manufacturing firm in Durban is seeking a Finance Manager to oversee financial reporting and support management decision-making. The ideal candidate has over 15 years of experience, including 10 years in a managerial role, and holds a Bachelor's degree in Finance or Accounting, along with CA(SA) or CIMA registration. This position offers a full-time, permanent role within a dynamic environment.

Qualifications

• Minimum 15 years general work experience.
• At least 10 years of specific experience related to the position.
• Manager level required.

Responsibilities

• Generate accurate financial management reports and statements.
• Conduct in-depth financial analyses for decision-making.
• Ensure ERP system integrity and compliance with audit requirements.

Skills

Accounting Software

Account Analysis

QuickBooks

Accounting

IFRS

Asset Management

Business Management

Cash Management

Sage

Microsoft Excel

E‑Commerce

Systems Analysis

Education

Bachelors degree in Commerce, Finance, Accounting or equivalent

Professional registration: CA(SA) or CIMA

Job description

Main purpose of the position

Responsible for generation and production of accurate and timely management reports, annual financial statements and budgets. Analyse key financial information to optimize financial planning, assist management with financial decision‑making and help develop and implement strategies to reduce businesses operational and production costs.

Key responsibilities

• Management Accounting and Reporting
  • Provide accurate and timely financial management accounts reports (balance sheet, cash flow statement and other finance reports) within agreed timelines.
  • Review monthly flash to ensure accuracy and reports with commentaries.
  • Review product pricing to ensure accuracy.
  • Review management reports and analyse key trends.
  • Participate in all reviews of organisational financial performance and take actions for improvement where necessary.
  • Conduct in‑depth financial analysis to guide decision‑making processes including cost and variance analysis.
  • Assist in the development and execution of financial strategies to support the company’s growth objectives.
  • Review and analyse cost reports for all plants.
  • Work closely with the plant controllers to ensure accurate and effective cost accounting systems.
  • Liaise with other departments to understand and control production costs through monthly cost reviews.
  • Manage monthly forecasting process to ensure submission of timely and accurate profit/loss forecasts including commentary provision.
  • Coordinate with HODs for timely preparation of board pack, quarterly review pack and other reports as required.
  • Support finance head for other financial decision‑making matters.
  • Regularly conduct meetings with plant controllers for financial improvements.
  • Assist with the audit preparation work to allow for timely completion of the annual financial statements and corporation tax returns.
• Budgetary & Controls
  • Timely and accurate preparation of annual budget, in coordination with other Finance Team.
  • Monthly analysis of actual and budgeted costs.
  • Collaborate with cross‑functional teams to develop financial forecasts and annual business plans.
  • Liaise closely with budget owners to provide comprehensive accounting support including provision of financial information, analysis to budget owners and review of business cases.
  • Analyse variances and explore potential problems with budget owners, making recommendations and executing those recommendations.
  • Identify opportunities for cost control and efficiency improvements to contribute to the company’s profitability.
• ERP System Integrity and Audit Responsibilities
  • Ensure the accuracy, completeness and timeliness of financial data within the ERP system (e.g., SAP).
  • Collaborate with Enterprise Business Analyst and finance teams to maintain robust internal controls within the ERP environment.
  • Identify and resolve discrepancies or anomalies in ERP‑generated reports and financial records.
  • Participate as required in ERP upgrades and testing to ensure alignment with financial reporting requirements.
  • Provide training and support to finance users on ERP functionalities and best practices.
  • Ensure ERP system processes comply with internal controls and audit requirements.
  • Identify and document ERP system risks and recommend mitigation strategies.
  • Conduct periodic audits of ERP data to ensure consistency, accuracy and compliance with financial policies.
  • Collaborate with IT and compliance teams to address audit findings and implement corrective actions.
• Duties and Safeguard Applications
  • Prepare data request and attend to all queries resulting therefrom timely.
  • Attend ITAC reviews of data request.
• Statutory Data Requests
  • Completion of statutory data requests from Statistics SA or other related government departments.
• Technical Advice to Departments
  • Provide required information/reports to other departments as and when necessary.
  • Provide proactive financial advice to management/finance team and budget owners, actively promoting improved financial awareness.
  • Ensure compliance with financial procedures and maintain a sound system of financial controls.

Qualifications required

Minimum academic qualification: Bachelors degree in Commerce, Finance, Accounting or equivalent.

Professional registration: CA(SA) or CIMA.

Experience required

General work experience: 15 years.

Specific to the position: 10 years.

Required experience level: Manager.

Job Details

Industry: Manufacturing

Work Level: Mid‑Level

Job Type: Permanent

Employment Type: Full‑Time

Vacancy: 1

Key Skills

• Accounting Software
• Account Analysis
• QuickBooks
• Accounting
• IFRS
• Asset Management
• Business Management
• Cash Management
• Sage
• Microsoft Excel
• E‑Commerce
• Systems Analysis

Location

Durban