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

Operational / Core

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.

Ensuring that Suppliers are paid timeously to avoid interest and penalties, and

avoid interruptions in Operations.

Contribute to the 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 of 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 the raising and management of accruals to optimize the cost flows within the Business.

Ensure the maintenance of property, plant and equipment (fixed assets) consolidated register.

Oversee the 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 with 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 the creation of New suppliers on Suppliers Masterfile Base.

Approve the 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 Chief Financial Officer (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 Year

end.

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



B. Com (Hon) degree - advantageous

Three (3) 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)

Knowledge and Skills

International Financial Reporting Standard (IFRS) International Accounting Standards (IAS) - Advanced



Managing Working Capital (Cash Management) - Intermediate to Advance



Public Finance Management Act - Basic



AccountingFinancial 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