Financial Reporting and Control Manager

SUMMARY:
Ballito – A leading logistics company is seeking a qualified Chartered Accountant (CA) to join their team as a Financial Reporting and Control Manager. Consolidation experience is a must! 

This role is responsible for ensuring accurate financial reporting, maintaining strong internal controls, and ensuring compliance with all relevant financial regulations.

POSITION INFO:
Requirements:

• Qualified Chartered Accountant (CA)
• Extensive experience in financial consolidation, reporting, and IFRS
• Proven track record in managing teams and operational finance
• Strong proficiency in Excel and MS Office tools
• Proficient in MS Dynamics Business Central and OneStream – Enterprise Finance Management
• Self-motivated and able to work independently
• Demonstrates a smart approach to problem-solving and decision-making

Duties and responsibilities:
YTD consolidation packages:

• Lead the process of performing and submitting the core consolidation packages for the gas and fuel business units individually.

Linked elimination files:

• Inter-elims, Group elims, investment elims - linked to the respective data-warehouse (DW) files.

Quarterly legal and professional fees:

• Review the file before submission to Group for further review/processing.

Monthly analysis of Group overhead expenses:

• Responsible to oversee the submission of the Quartely Group overheads analysis for Group review

OneStream yearly upload files:

• Files used for uploading information in Onestream which supports all cube view data for numerical notes and disclosure amounts in the financial statements in accordance with IFRS.
• Used to connect the financial information in the Onestream upload files. Examples are:

o Fixed assets (continuity schedules)
o Intangible assets
o Movement in long-term borrowings
o Weighted average interest rates on various Fuel & Gas borrowings
o Commitments - Guarantees
o ECL and specific allowance workings
o Liquidity risks (maturity analysis of non-derivative financial instruments)
o Related party transactions (balance sheet & income statement) - and director remuneration data
o Credit risk, Market risk sensitivity disclosures.
o Interest expense analysis

Completed stand-alone and consolidated dataset for all SA Companies in OneStream:

• Having ALL SA company TBs loaded successfully in OneStream without any imbalances / errors in data / mapping issues, by the Financial Managers. Conduct e a series of checks that the OneStream info is complete and accurate.
• Ensuring that all eliminations loaded are (a) against the correct IC partner, (b) for the correct amount, (c) against the correct account, by the Financial Managers. Conduct a series of checks that the OneStream info is complete and accurate.
• Ensuring that the Cash flow statement balances for all SA companies in OneStream.
• Ensuring that all supporting cube views (for BS and PnL required notes), as well as supplementary data, is completely and accurately loaded in the system, by the Financial Managers. Conduct e a series of checks that the OneStream info is complete and accurate.

IFRS compliance:

• Overall responsible to ensure that the annual accounts are in compliance with IFRS.
• Preparing new accounting memorandums
• Coaching TM to handle simpler accounting transactions
• Be overall responsible for accounting for internal re-structurings, and prepare journals for disposal accounting / amendment of consolidation adjustments, liaise with local Fuel + Gas FMs to ensure the elimination files are amended as necessary

Financial statement preparation:

• Obtaining, reviewing, and using the data necessary for the preparation of the financial reporting package for all reportable entities.
• Monitoring the timelines of completion, review and sign-off by directors & auditors of all statutory financial statements.
• Promptly arrange for the review of the pre-final drafts of FS by Group Finance and Directors, in anticipation of signing.

Management of the annual audit cycle:

• Lead the auditor re-appointment process and ensure all engagement letters are signed
• Co-ordinate the commencement of the interim/final audits.
• Optimize the audit cycle, by exploring options of getting as much of the job done as possible during interim period, arrange for more analytics to be deployed by auditor.
• Follow up on the review plan and ensure that all counterparties deliver as per the set timeline (to be discussed and driven by you on an annual basis).
• Be able to understand priorities and make changes to the initial plan as necessary in an agile way.

Monthly management tax accruals:

• Drive the change in the way SA records tax accruals (simple PL method) and create a file in order to follow the policy used by the Group on calculating income tax and perform also a roll-forward for DTA/DTL.

Provisional income tax computations:

• Preparation and submission for Group senior tax manager/Head of Tax of all provisional income tax computations

Annual income tax computations:

• Preparation and submission for Group senior tax manager/Head of Tax of all income tax computations.

Annual Transfer pricing reports:

• Work with the external consultant and oversee the preparation of the TP reports. Co-ordinate the delivery of all required data (from Fuel +Gas accounts) to the consultant, in order for the consultant to prepare the draft reports.

Quarterly covenant compliance certificate:

• Prepare the quarterly covenant compliance calculations for use by the Treasury department (communication with finance counterparties as per loan agreement terms).

Reports around compliance with SARS/CIPC/SARB:

• Lead, in collaboration with other departments (Treasury, Operations, Legal), the preparation, and submission, of documentation required by CIPC, SARS, SARB.

Should you not receive a response within the next 2 weeks, please consider your application unsuccessful. Vacancies are advertised on our website, should you wish to keep abreast with our active roles.

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I hereby consent for Talented Recruitment to process my personal information as part of the recruitment process. Talented Recruitment shall take all reasonable measures to protect the personal information of applicants and for the purpose of this disclaimer “personal information” shall be defined as detailed in the Protection of Personal Information Act, Act 4 of 2013 (“POPIA”).

 

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