Job Description

Closing Date 2023/10/17
Reference Number MMH230727-1
Referral Platform URL
Job Title Cost Accountant
Position Type Permanent
Role Family Finance
Cluster Investment Management
Remote Opportunity Some of the time
Location - Country South Africa
Location - Province Gauteng
Location - Town / City Centurion
Introduction

Through our client-facing brands Metropolitan and Momentum, with Multiply (wellness and rewards programme), and our other specialist brands, including Guardrisk and Eris Property Group, the group enables business and people from all walks of life to achieve their financial goals and life aspirations.

We help people grow their savings, protect what matters to them and invest for the future. We help companies and organisations care for and reward their employees and members. Through our own network of advisers or via independent brokers and utilising new platforms Momentum Metropolitan provides practical financial solutions for people, communities and businesses. Visit us at
Role Purpose

Accurately process financial information, ascertain and analyse costs and support stakeholders with the interpretation of financial information to enable business decision making.
Requirements

• BCom Accounting; BCom Cost and Management; BCom Finance Or equivalent NQF 7.

• 3+ years in management accounting.

• Experience in financial services environment.

• Skills in Excel (Intermediate).

• Familiar with systems and tools like: IDU, JDE, PowerBI, Clickview.

Duties & Responsibilities

Compile and prepare financial information (Internal Process)

• Responsible for preparing and uploading month-end journal entries to allocate expenses and reconciliations.

• Review and approve the general ledger journal allocations based on levels of authority and policy.

• Change incorrect cost centre allocations and ensure that the corrections are accurately processed (IDU, PeopleSoft & Payroll).

• Accurately update and maintain the fixed assets register and make recommendations to enhance the management of fixed assets.

• Prepare and analyse financial reports and information to identify areas of opportunities or potential risks within segment and contribute to the commentary of reports.

• Identify and explain relationships on financial reports and advise stakeholders on the implications of these relationships to enable decision making.

• Facilitate and manage the annual expense budget process for Momentum Investments within the MMH guidelines. This entails providing advice to the business in terms of the process to be followed and the feasibility of budgets submitted in view of prior expense trends and business/ operational plans.

• Proactively engage with business to forecast expenses.

• Provide accurate and complete monthly management expense reports to Momentum Investments management in order to provide management with insight and facilitate the process of comparing actual expenses against budgeted expenses.

• Monitor variances to budget and propose alternatives to minimise impact of variances.

• Assist in preparing a summary of the budget per area rolling up to consolidated budget and evaluate budget information received. Also discuss errors in budget or omissions with stakeholders.

• Escalate complex JDE queries to the service provider and manage the process until resolution.

• Manage risky and problematic financial issues in area of accountability and contribute to the development of policy.

• Conduct costing analysis to support internal decision making. Update and maintain cost accounting data base systems and procedures.

• Manage month end and year end closing in collaboration with the manager of Cost Accounting.

• Perform a headcount analysis to provide information regarding actual versus budgeted headcount, replacement costs, and the cost impact of staff

• Manage the procurement system to ensure correct authorisation of users and the implementation of financial regulations.

• Create and maintain relevant process documents for the Finance area.

• Process JDE invoices and ensuring payments are met on behalf of Group for Mom Investments.

• GL account control where costs are to be correctly allocated and monitored on JDE.

• Provide input into the risk identification processes and communicate recommendations in the appropriate forum.

Engage with clients in a client centric manner (Client Services)

• Attend to general finance, client and JDE queries within agreed time frames.

• Provide authoritative, expertise and advice to clients and stakeholders.

• Build and maintain relationships with clients and internal and external stakeholders.

• Deliver on service level agreements made with internal and external stakeholders and clients.

• Make recommendations to improve client service within area of responsibility.

• Participate and contribute to a culture which builds rewarding relationships, facilitates feedback and provides exceptional client service.

• Advise and guide stakeholders and non-financial managers regarding finance elements.

• Act as liaison between Momentum Investments and management on matters pertaining to expense management.

Self-management and teamwork (People)

• Develop and maintain productive and collaborative working relationships with peers and stakeholders.

• Positively influence and participate in change initiatives.

• Continuously assess and develop own expertise and performance in terms of professional, industry and legislation knowledge.

• Seek timely and clear feedback and request training where appropriate.

• Contribute to continuous innovation through the development, sharing and implementation of new ideas.

• Take ownership for driving career development.

• Demonstrate exemplary leadership behaviour, through personal involvement, commitment and dedication in support of organisational values.

• Ensure business objectives and high-performance culture is achieved.

Contribute to financial controls and planning (Finance)

• Contribute to the identification solutions to enhance cost effectiveness and increase operational efficiency with area.

• Manage financial and other company resources under your control with due respect.

Competencies

• Business Acumen.

• Client/ Stakeholder Commitment.

• Drive for Results.

• Leads Change and Innovation.

• Collaboration.

• Impact and Influence.

• Self-Awareness and Insight.

• Diversity and Inclusiveness.

Policy

We are committed to Employment Equity, diversity and inclusion when recruiting internally and externally. All appointments are made in alignment to our Employment Equity goals and we encourage people with disabilities to apply.

Momentum Metropolitan