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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