Sbu Accountant (Management Accountant)

Mintek Pty Ltd.; Gauteng; On-site; ZAR 500 000 - 700 000; Full time

Job summary

A leading research and development company is seeking an SBU Accountant to ensure accurate financial management and reporting. The role involves analyzing budget variances, managing financial data, and assisting divisions with budgeting. The ideal candidate should have 3-5 years of experience in management accounting and excellent communication skills. Experience with IFS and project management is essential.

Qualifications

• 3 to 5 years of experience in management and cost accounting environment.
• Project Management experience is essential.

Responsibilities

• Manage financial data for annual statements as per legislative requirements.
• Draw and analyze management reports per allocated division.
• Investigate and correct incorrect postings.
• Perform monthly period-end procedures and analytical functions.
• Investigate budget variances and compile monthly management packs.
• Provide financial input for annual budgeting and forecasting.
• Advise divisional managers on budgeting mistakes.
• Monitor expenditure relating to CAPEX against budget targets.

Skills

Teamwork

Communication skills

Attention to detail

Organizational skills

Interpersonal skills

Tools

MS Windows

MS Word

MS Excel

IFS

Job description

Overview

Industry: Scientific, Research & Development
Job category: Budgeting
Location: Randburg
Contract: Permanent
Remuneration: Market Related
EE position: Yes
Introduction: Mintek has an exciting career opportunity for a SBU Accountant (Management Accountant).

Responsibilities

• Manage the accuracy of financial data maintained within the general ledger for compilation of annual financial statements in accordance with legislative requirements and accepted practice.
• Draw and analyse management reports per allocated division.
• Ensure revenue and expenditure is processed to the correct GL accounts.
• Investigate and correct incorrect postings through journalisation; establish root cause and take corrective action to avoid future incidents.
• Perform monthly period-end procedures and related analytical functions when required.
• Investigate budget variances and report to Mintek management; compile monthly management packs for SBU's inclusive of management accounting and project information.
• Provide financial input to divisions with annual budgeting and regular forecasting.
• Perform trend analysis per division to assist divisions in accurate budgeting.
• Advise SBU managers on common mistakes.
• Set‑up divisional budget templates and assist with all budget reviews by giving guidance to divisions and compiling budget packs.
• Perform calculation of annual labour rates per division.
• Provide financial advice to SBU's with determination of cost recovery rates.
• Control budget transfers on IFS (Opex vs Capex).
• Control and monitor actual expenditure relating to CAPEX against budgeted CAPEX targets, handling issues arising from the CAPEX process related to management accounting and project issues.
• Ensure that the SAP Project Administration system is adhered to by reviewing and evaluating processes, ensuring compliance with SOPs.
• Review individual project establishment through supporting documentation.
• After establishing compliance with SOPs, release the project on the system.
• Evaluate and monitor accuracy of projects through review of planning documentation and actual revenue/expenditure.
• Review monthly billing of projects and release to FI IFS.
• Monitor, reconcile and exercise control over SBU financial functions.
• Review revenue reserves for reasonability and perform sample calculations to ensure that revenue recognition is accurate.
• Liaise and coordinate with auditors and SBU managers; complete and submit statutory returns to the South African Reserve Bank and STATS SA.
• Provide regular feedback sessions with SBU managers regarding their financials and report to Head: Budget and Project Management.
• Assist with business improvement and cost reduction initiatives within business units.
• Liaise extensively with other departments in Finance and within larger company environment.

Qualifications and Experience

• 3 to 5 years of experience in management and cost accounting environment.
• Computer literacy (MS Windows, Word, Excel).
• IFS will be an advantage.
• Project Management experience is essential.

Knowledge, Skills and Abilities

• Be able to work in a team.
• Excellent communication and organisational skills.
• Attention to detail, ability to follow up and take initiative.
• Excellent interpersonal skills.
• Be able to work under pressure.
• Ability to cope in a stressful and demanding environment.
• Must have good work ethics to maintain credibility.