Management Accountant (12 Month Contract)

Boardroom Appointments; Sandton; On-site; ZAR 450,000 - 600,000; Full time

Job summary

A leading financial services provider in Sandton is seeking a Management Accountant. This role involves overseeing monthly management accounting and reporting, ensuring compliance, and engaging with stakeholders to enhance processes. Candidates must hold a B.Com Accounting degree with 3-5 years of experience in the field. Proficiency in data analytics and platforms like Power BI is essential.

Qualifications

• Minimum 3-5 years experience in Management Accounting.
• Sound understanding of accounting principles.
• Proficient in data analytics and KPI reporting.

Responsibilities

• Prepare monthly financial reports and analysis.
• Engage with stakeholders for requirements and improvements.
• Participate in finance transformation projects.

Skills

Management Accounting

Data Analytics

Stakeholder Management

Education

B.Com Accounting Degree

CA(SA) or CIMA

Tools

Power BI

Alteryx

Job description

Management Accountant

Key Responsibilities

• Monthly Management Accounting and Reporting
• Understand the GL structure and maintenance; ensure alignment with reporting.
• Perform detailed review of the general ledger to ensure completeness and accuracy; process journal entries.
• Compile and submit timeous monthly financial reports.
• Adhere to reporting guidelines for FAS and Tax Packs.
• Resolve monthly audit and reporting queries.
• Track and analyze performance across the board, providing commentary (Actual vs Budget vs Forecast vs Prior Year).
• Prepare and maintain balance sheet reconciliations for review and approval.
• Ensure BU Essbase numbers reconcile to HFM for both monthly and budget figures.
• Monitor cost rabbit with stakeholders to identify impact areas and recommend corrections in the ledger (e.g., accruals release, prepayments, noting unbudgeted costs).
• Maintain a clear and in-depth understanding of balance sheet accounts, including ageing analysis, long outstanding balances, and resolution plans.
• Understand balance sheet items (e.g., accruals) in terms of origin, purpose, reversal expectations, utilization timelines, and final resolution.
• Forecasting: Update rolling monthly forecast in alignment with business expectations.
• Analyze actual performance vs forecast and provide variance explanations.
• Budgeting: Assist Business Partners with budgeting processes.
• Submit monthly commentary on budget variances.
• Upload budgets into the budgeting tool and HFM, ensuring alignment with business sign-off.
• Monitor completeness of budget results during the process, highlighting issues and concerns for resolution.
• Statutory Reporting: Prepare FAS packs and schedules in HFM on a monthly basis.
• Compile ICPs on HFM.
• Ensure all validations on schedules are clear and promote the respective HFM packs.
• Load and promote forecasts on HFM.
• Provide business commentary to explain variances.
• Regulatory Reporting: Ensure analysis schedules are accurately included in returns.
• Provide business commentary to explain monthly variances to Company and The Company regulatory teams.
• Quarterly, Bi-Annual, and Annual Reporting: Complete quarterly, interim, and annual reports timeously and accurately.
• Engage with external auditors at year-end on any issues and group queries.
• Stakeholder Relationship Management
• Build and maintain professional relationships with stakeholders through effective dialogue, listening, advising, influencing, and negotiating.
• Engage stakeholders to understand their requirements.
• Maintain understanding of all balances in the trial balance (TB) with accurate disclosure for reporting.
• Platform Enablement
• Embrace and utilize tools for process efficiency and task standardization (e.g., Alteryx, RPA for journal prep).
• Use approved franchise platforms for reporting (e.g., Power BI for management accounts).
• Actively participate in finance transformation projects like Project Prescient.
• Engage in procurement transformation journey : attend sessions, understand implications of changes, contribute to UAT, and provide insights.

Minimum Qualifications and Knowledge

• Minimum Qualification: Minimum B.Com Accounting Degree
• CA(SA) or CIMA preferred
• Experience: 3-5 years experience
• Banking and financial services exposure beneficial
• Technical Prerequisites: Sound accounting principles
• Data analytics proficiency
• KPI and metric creation and reporting