Job Description

Job SummaryPurpose of Role:To analyze market trends and business opportunities. You will prepare and report financial results, working under the Manager: Investment Administration. Responsibilities include providing financial advice, managing monthly accounting and financial analysis, ensuring efficient controls, and producing board reports.QUALIFICATIONS & EXPERIENCE:

• 3-Year Tertiary Qualification: (B Compt Accounting or equivalent).
• Completed Articles to become a Chartered Accountant.
• Intermediate level of proficiency relating to the MS Office Suite (in particular MS Word, MS Excel and MS PowerPoint).
• 5-10 years of accounting experience applying International Financial Reporting Standards.
• 5+ years of financial reporting and analytics experience.
• Supervisory experience.
• Advanced level of accounting principles, processes and procedures.
• Extensive report writing experience.

KEY DUTIES AND RESPONSIBILITIES:Entity Accounting: Manage accounting processes to ensure compliance with IFRS for timely, accurate, and reliable financial information.

• Oversee ordering and creditor payments, ensuring proper authorization and accounting.
• Manage the asset register and capital expenditure.
• Prepare and review monthly reconciliations, clearing any reconciling items.
• Oversee general journal processes, including accruals, provisions, and corrections, and authorize transactions per Delegation of Authority.
• Ensure accounting processes provide timely, accurate, and reliable financial information.
• Ensure adequate provision for irrecoverable debt on loans, applying IRFS principles.
• Ensure compliance with the delegation of authority for transactions.
• Approve write-offs as per Delegation of Authority.
• Release payments and approve transactions per bank mandates and delegation of authority.
• Identify and address key risk areas in accounting systems and processes.
• Manage software implementation, upgrades, enhancements, and related testing.
• Control daily cash flow and manage investments with the Investment Administration Department.
• Ensure all required systems and documents for the bank, auditors, and actuary are in place and approved.

Budgeting: Under the approved guidelines:

• Manage the budget process for the entity.
• As a business partner guide managers/ executives through the process.
• Evaluate the budget items based on the assumptions and work with management that budgets are aligned to assumptions and principles.
• Collate the forecast and budget (opex and capex) for the entity together with commentary for Exco and the Board.
• Responsible that the approved budget is captured accurately (with phasing) in the accounting system

Management Reporting:

• Prepare monthly divisional and entity-level income statements, balance sheets, and financial reports by the deadline.
• Draft responsibility statements for managers.
• Analyze financial results versus budget, provide monthly feedback, and recommendations, and report exceptions.
• Ensure accuracy and completeness of monthly management accounts, including provisions and impairments.
• Provide draft reports to the Financial Controller for Exco and Board reports.

Taxation:

• Calculate the entity's income taxes.
• Complete and submit company income tax returns on time.
• Calculate and submit provisional tax payments; ensure timely payments.
• Accurately account for and apply all taxes to transactions.
• Review, approve, and submit VAT returns on time; ensure timely VAT payments.
• Draft replies and handle audits, queries, and communications with SARS.
• Identify and address all tax matters and risks related to the entity.

Annual Reporting & Year End:

• Prepare the entity's annual financial statements in compliance with IFRS and Group reporting standards.
• Provide consolidation information to the responsible manager.
• Determine the impact of new IFRS statements in advance, approve and implement solutions, and ensure early audit of new disclosures.
• Provide required information and explanations to external auditors on time, fostering a good working relationship.
• Identify and resolve potential and actual issues early, coordinating with Finance senior management.
• Prepare statutory returns for the entity as required by Statssa and NCR.
• Prepare financial data for statutory returns to the Prudential Authority.
• Manage the process for agreed-upon-procedures external audits on any statutory return.

Department Management: In respect of all the departments under the incumbent's control:

• Build and maintain stakeholder relationships.
• Provide technical direction to the team.
• Mentor and develop direct subordinates, including feedback, coaching, work allocation, training, problem resolution, and performance evaluation.
• Guide cross-divisional teams.
• Manage the department per policies, standards, and legal requirements.
• Monitor and measure departmental performance against metrics.
• Implement performance management with SMART targets.
• Identify, manage, and report operational risks, complying with risk management policies.
• Manage the department's annual capital and operational budget.

Other:

• Represent Finance on management committees and projects as allocated/requested.
• Ensure that personal information is safeguarded in the department and that POPI requirements are met.
• Provide sound financial advice to the management of the entity.

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