Job Description

Finance Reporting Manager - JhbThis advert is open for application by external applicants.Equity Statement :Preference will be given to suitably qualified Applicants who are members of thedesignated groups in line with the Employment Equity Plan and Targets of the Organisation/OperatingDivision.Applicants that are interested in applying for any of the advertised positions must apply by registering on the Careers sectionof the Transnet Internet. Please take care in completing all required details on the profile, and then apply for the position.Alternative Application Methods: (Completed Curriculum Vitae to be submitted)Post :E-mail :Fax :The closing date is on 22.02.2024. It is the responsibility of the applicant to ensure that HR has received the applicationbefore the closing date of the advertisement.Note: if you have not been contacted within 30 days of the closing date of this advertisement please consider yourapplication as unsuccessful.Any questions regarding the application or recruitment process should be sent in writing toMOIPONE.MVUKA@TRANSNET.NET.We urge all our employees, clients, members of the public and our suppliers to report any kind of fraud or corruption atTransnet. Call the hotline toll free number: 0800 003 056 or email Transnet@tip-offs.comOperating Division : Transnet PropertyPosition Title : Finance Reporting ManagerEmployee Group : Non PermanentDepartment : FinanceLocation : JohannesburgReporting To : Senior Manager: Financial ReportingGrade Level : EReference Number : 80000707Position Purpose:To ensure that all accounting policies and procedures are compliant with all statutory regulations and accounting standards and that they are communicated to the business areas.To ensure full compliance with the taxation requirements and all relevant tax legislationTo oversee the management of the group reporting responsibilities including the development of guidelines, templates andinstructions and the implementation of internal controls,Leading to the preparation of accurate and timeous statutory reports that are compliant with all internal and external reportingrequirements.Establish an internal control environment, including strong corporate governance processes, compliance with accountingstandards and policies and the identification of improvements to be made to business processes and controls.To ensure that all Financial and Taxation systems and records are managed effectively, and data is accurately processed.To manage the internal and external audit requirements. Ensuring timeous response to RFIs.Position outputs:Refine and update the accounting policies to ensure that they remain compliant with the requirements of any changes inaccounting standards. Ensure that changes are adequatelyoperationalised and communicated to the business areas.Prepare and document position papers that may be required from time to contribute to finance related projects such as thesale or acquisition of a business.Ensure that all Finance Standard Operating Procedures are updated regularly, communicated to the whole financecommunity, and documented.Ensure qualitative and timeous Month-end processes, Interim and Year-end Financial reporting and analysis includingtaxation, cash flow, statutory and management reporting sharedtimeously with relevant stakeholders to monitor and drive TP and Finance forward.Ensure all finance reconciliations are done on time, reviewed, and signed timeously.Drive the TBI automation process involving the move from the manual extraction and manipulation of financial information toan automated environment where information can beaccessed directly on SAP.To drive the TBI automation process that will deliver improvements in the accuracy and reliability of information that is usedto meet the statutory and other reporting requirementsResponsible for cashbook management including cashflow forecasts, and maintenance of bank accountsRegularly review changes in tax legislation and policy and ensure that taxation guidelines, processes and procedures are inplace, up to date and are aligned with those of Transnet.Communicate these to the business and review actual business practices against legislation to ensure compliance.Review VAT returns, ensuring that they have been accurately calculated and are timeously submitted. Assist and advise theGroup regarding VAT matters so that the best possibleadvice and options are provided.Manage the tax audit process and review the audit report to ensure that audit recommendations are implemented. Overseethe follow-up of any tax-related issues in the external auditmanagement letter or in the internal control reports and ensure that they are dealt with promptly and in a satisfactory mannerand that there are no repeat occurrencesCalculate annual tax liability (current and deferred), compile and submit the tax pack to Transnet, ensuring the provision of supporting tax calculations for Annual Financial Statementpurposes.Calculate monthly tax provision and ensure that Group reporting requirements are met, including liaising with Group Tax toresolve outstanding queries.Ensure that all Transnet reporting requirements are met, including final reviews of pack information to assess reasonabilityand that adequate reasons are provided for anomalies.Also ensure that all figures and analyses are properly supported and fully understood and brief the CFO to enable any Excoqueries to be resolved.Manage the process of preparing management information and reporting to the various audit committees in respect of thefinancial and operational overview and on the state of corporate governance and internal control.Manage the external audit process, ensuring that service levels are adequate and result in the timeous delivery of a signedstatutory pack aligned to the Transnet reporting requirements. This includes managing audit fees and costs, timing andschedules and the overall audit approach.Ensure that issues related to statutory reporting in the external audit management letter or in the internal control reports aredealt with promptly and in a satisfactory manner and that there are no repeat occurrences.Establish an internal control process with effective mechanisms that deliver a high level of corporate governance. This willinclude the identification of improvements to be made to business processes and controls, as well as monitoring that thebusiness areas are compliant and are completing the monthly control sign-offs.Lead and manage the staff within the finance department ensuring a high-performance culture.Qualifications & Experience:Professionally registered as a CA or Equivalent+5 yearsxe2x80x99 experience working within FinanceStrong understanding of process excellence and experience delivering Continuous Improvement requiredStrong customer service orientation with a focus on establishing and maintaining a strong customer service cultureProven ability to work effectively cross-functionally in the organizationRequirement of trust and honesty in the handling of finances as per the National Credit Act Amendment 19Competencies:Anchoring the Transnet WayIs a conceptual and analytical thinkerIs results focused.Is courageous.Is resilient.Is emotionally intelligent.Is an excellent communicator.Leading the Transnet WayIs visionary and inspiring.Is strategic.Is collaborative.Is innovative and entrepreneurial.Has impact and influence.Is a change agent.Managing the Transnet Way Optimises business performance.Manages finances.Manages people & teams.Delights customers.Manages programs, projects & contracts.Manages risk and compliance.Sustaining the Transnet WayEmpowers and develops others.Is inquisitive and develops self.Manages and shares information.Role models the culture and values.Embraces diversity.Has the right skills

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