Manager : Financial Accounting

Saa Technical; Gauteng; On-site; ZAR 600 000 - 800 000; Full time

Job summary

A financial services company in Gauteng is seeking a Financial Accounting Manager to oversee accurate financial reporting, manage cash flow, and ensure compliance with necessary standards. This role demands a solid background in financial accounting with 5 years of experience, strong interpersonal skills, and advanced knowledge of IFRS and IAS. The position offers a dynamic work environment with opportunities for professional development.

Benefits

Training provided for business needs

Ongoing professional development opportunities

Qualifications

• Matric qualification required.
• 5 years of experience in Financial Accounting and reporting essential.
• 5 years of experience in Management Accounting essential.
• 5 years of General Management experience essential.
• 3 years of Cash Management experience essential.

Responsibilities

• Manage the Financial Accounting Section.
• Ensure valid and accurate financial reporting.
• Oversee cash management and supplier payments.
• Coordinate internal and external auditing activities.

Skills

Strong financial skills

Strong financial accounting skills

Strong interpersonal skills

Business acumen

Good judgement

Innovative

Creative

Team player

Microsoft Office

Negotiation

Education

Bachelor degree with Financial Accounting as a major subject

Com (Hon) degree

Masters in Business Management / Leadership

Tools

SAP

AMOS

Job description

Job Purpose

To manage the Financial Accounting Section by ensuring timeous, valid, accurate and complete reporting of financial information in line with the latest International Financial Reporting Standards (IFRS) and International Accounting Standards (IAS).

Principal Accountabilities

• Develop systems, procedures and processes for financial reporting that will ensure valid, accurate and complete financial records.
• Ensure that all Month End procedures are communicated and adhered to.
• Develop working capital reporting framework that will contribute to positive cash management for SAAT by ensuring that Cash Collections takes place regularly and according to contractual terms agreed with customers.
• Ensure that Suppliers are paid timeously to avoid interest and penalties, and avoid interruptions in Operations.
• Contribute to maintenance of the minimum inventory requirement as set by Technical Materials, to avoid or reduce inventory holding costs.
• Sourcing funds necessary for working capital requirements at reasonable/competitive rates.
• Maintaining the minimum cash requirements for operations at all times.
• Develop skills and expertise in the Financial Accounting section that will contribute to sustainable performance, and in line with the latest Accounting Standards, viz. IFRS and IAS.
• Verify and approve payments on both Standard bank and CITI bank.
• Manage Accounts Payable, Accounts Receivable, Banking & Final Accounts, Inventory & Audit control, and Incident / Warranties Sections within Finance Department.
• Review monthly General Ledger, Vendor Reconciliations and all Statement of Financial Position Reconciliations.
• Be accountable for the General Ledger, Trial Balance, Statement of Financial Performance, Statement of Financial Position, Statement of Cash Flows and all related notes, by reviewing them.
• Oversee raising and management of accruals to optimize the cost flows within the Business.
• Ensure maintenance of property, plant and equipment (fixed assets) consolidated register.
• Oversee management of Insurance / Warranties related matters.
• Attend all Finance related meetings in the Department, including inter-Departmental meetings, and Operations Exco Meetings.
• Attend Operations Meetings for financial input, queries, concerns, and resolutions, including Operations Forward Planning sessions.
• Run projects allocated to Financial Accounting Section. (This include preparing a project, plan, execute the plan, and report accordingly).
• Prepare and make presentations at Operations Exco, including Main Exco.
• Review Revenue Contracts that are presented to the Contracts Committee.
• Prepare and Attend Contracts Review Committee meetings.
• Develop business processes as required to enable smooth running of Operations.
• (This may include inter-departmental processes).
• Liaison with SAA Group for all financial accounting related matters.
• Liaison with Technical Material / Supply Chain Management (SCM) for all supplier related matters.
• Work closely with Management Accounting & Reporting, especially at Month end and Year end for reporting.
• Prepare Financial Accounting Reports Monthly and Year-end reports.
• Approve creation of New suppliers on Suppliers Masterfile Base.
• Approve creation of New customers on Debtors Masterfile Base.
• Contribute to the Stock Count Process through collaboration with SCM, especially at Year End.
• Ensure preparation and submission of the Annual Financial Statements, especially at Year End, to the CFO, and ultimately to the Board and External Auditors.
• Coordinate all activities related to internal and external auditors.
• Represent the CFO in meetings where required.
• Collaborate with Management Accounting & Reporting for Budgeting and Forecasting activities.
• Contribute to the management of Safety, Health and Environment (SHE) in the Department.
• Manage the Internal and External Auditors activities, especially at year end.
• Attend Audit Resolution Committee Meetings, especially with External Auditors at Yearend.
• Develop / Complete Performance Management Contracts with reportees, and report accordingly.
• Liaison with internal stakeholders in the resolution of both internal and external audit findings.
• Attend Interdepartmental & Joint (Cross-functional) meetings, e.g. SCM, Operations, Sales & Marketing.
• Ensure compliance with the Companies Act and Public Finance Management Act (PFMA).
• Contribute to the management of the Finance Department office.

Qualifications & Experience

Matric qualification.

• Bachelor degree with Financial Accounting as a major subject - essential
• Com (Hon) degree - advantageous
• Three Year Articles for Chartered Accountants - advantageous
• Masters in Business Management / Leadership - advantageous
• Financial Accounting and reporting - 5 years (essential)
• Management Accounting - 5 years (essential)
• General Management - 5 years (essential)
• People Management - 5 years (essential)
• Cash Management - 3 years (essential)
• International Financial Reporting Standard (IFRS) International Accounting Standards (IAS) - Advanced
• Managing Working Capital (Cash Management) - Intermediate to Advance
• Public Finance Management Act - Basic
• Accounting Financial Skills - Advance
• Accounting - Advance
• Auditing - Advance
• Corporate Governance - Basic
• Business Knowledge - Advance
• Analyzing of Information - Advance
• Reporting - Advance
• Microsoft Office - Basic to Advance
• People and General Management - Advance
• Negotiation - Basic
• Interpersonal and Relationship building - Basic

Attributes

• Strong financial skills
• Strong financial accounting skills
• Strong interpersonal skills
• Business acumen
• Good judgement
• Innovative
• Creative
• Team player
• A good knowledge of Business IT Systems (SAP and AMOS), including Microsoft Package, viz. Excel, Word and Power Point
• Must be able to work under pressure.
• A firm background of Financial Accounting.
• Sound knowledge of internal controls.

Additional Information

• Training Needs - provided for by business
• Managing people - Ongoing
• Business I.T. systems (SAP and AMOS) - Ongoing
• Reporting - Ongoing