Management Accountant
Main purpose of the position
Responsible for generation and production of accurate and timely management reports, annual financial statements, and budgets. Analyse key financial information to optimize financial planning, assist management with financial decision-making and help develop and implement strategies to reduce businesses' operational and production costs.
Key Responsibilities
Management Accounting and Reporting
Provide accurate and timely financial management accounts reports, balance sheet, cash flow statement and others finance reports within agreed timelines
Reviewing of monthly flash to ensure accuracy reports with commentaries
Review product pricing to ensure accuracy
Review management reports and analysis of key trends
Participate in all reviews of organisational financial performance and take actions for improvement where necessary
Conducting in-depth financial analysis to guide decision-making processes, including cost and variance analysis
Assisting in the development and execution of financial strategies to support the company's growth objectives
Reviewing and analysing cost reports for all plants
Working closely with the plant controllers to ensure accurate and effective cost accounting systems
Liaising with other departments to understand and control production costs through monthly cost reviews
Manage monthly forecasting process to ensure submission of timely and accurate profit/loss forecasts including commentary provision
Coordinate with HODs for timely preparation of board pack, quarterly review pack and other reports as and when required
Support finance head for other financial decision-making matters
Regularly conduct meetings with plant controllers for financial improvements
Assisting with the audit preparation work to allow for timely completion of the annual financial statements and corporation tax returns
Budgetary & Controls
Timely and accurate preparation of annual budget. Co-ordination with other Finance Team on timely provision of data for budget preparation
Monthly analysis of actual and budgeted costs
Collaborating with cross-functional teams to develop financial forecasts and Annual business plans.
Liaise closely with budget owners to provide a comprehensive accounting support service, including the provision of financial information, analysis to budget owners and review of business cases
Analyse variances and explore potential problems with budget owners, making recommendations and executing those recommendations
Identifying opportunities for cost control and efficiency improvements to contribute to the company's profitability
ERP System Integrity and Audit Responsibilities
Ensure the accuracy, completeness, and timeliness of financial data within the ERP system (e.g., SAP).
Collaborate with the relevant Enterprise Business Analyst and finance teams to maintain robust internal controls within the ERP environment
Identify and resolve discrepancies or anomalies in ERP-generated reports and financial records
Participate as required in ERP upgrades and testing, to ensure alignment with financial reporting requirements
Provide training and support to finance users on ERP functionalities and best practices
Ensure ERP system processes comply with internal controls and audit requirements
Identify and document ERP system risks and recommend mitigation strategies
Conduct periodic audits of ERP data to ensure consistency, accuracy, and compliance with financial policies
Collaborate with IT and compliance teams to address audit findings and implement corrective actions
Duties and SafeGuard Applications
Prepare data request and attend to all queries resulting therefrom timeously
Attend ITAC reviews of data request
Statutory Data Requests
Completion of statutory data requests from Statistics SA or other related government departments
Technical advice to departments
To provide required information/reports to other departments as and when necessary
Provide proactive financial advice to management/finance team and budget owners, actively promoting improved financial awareness
Ensure compliance with financial procedures and to ensure a sound system of financial controls
Qualifications Required
Minimum academic qualification: Bachelor’s degree in Commerce, Finance, Accounting or Equivalent
Professional registration: CA(SA) or CIMA
Experience Required
General work experience (years): 15 years
Specific to the position (level/discipline/years): 10 years
Industry: Manufacturing
Key competencies and skills:
Analytical skills
Decision making skills
Excellent communication skills
Excellent presentation skills,
High on initiative and ability to manage ambiguity
Interpersonal skills
Leadership Skills
Mentoring skills
Problem Solving skills
Skilled in strategy and business development
Strong organizing & planning skills
Computer Literacy
Well versed with MS Excel and Power point.
SAP S4 HANA IT Software applications
Outstanding knowledge of electronic spreadsheets
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