Senior Financial Analyst Refinery

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Posting Date: Feb 4, 2025

Location: Sandton, South Africa

Company: Sasol

Sasol is a global integrated chemicals and energy company with a 70-year heritage. Through our talented people, we use our expertise and selected technologies to safely and sustainably source, manufacture and market chemical and energy products globally. When you join Team Sasol, you are joining a company that puts people at the center of everything we do.

Sasol invests in its employees along every stage of the career path and offers development opportunities to help you cultivate your career in a culture that embraces diversity and inclusion.

Closing date

18 February 2025

Ref number

7362

OME

FIN Finance Southern Africa

City / Town

Sandton

Purpose of Job

This role supports the Natref JV business facing activities focusing on Refinery operational performance monitoring and management.

The role supports the Performance Manager – Wholesale, Overland & Refining in business partnering with the Refining team to help drive performance and meet financial targets.

The role provides Key performance Indicators (KPI) analysis and helps challenge the business on operational performance.

It is responsible for the Refining and Supply Operation Review (RSO) with Refinery team and helps co-ordinate the roll-up of the below the line refinery processes.

Furthermore, the incumbent will be responsible for the Refining operational and financial (income statement, finance KPI’s etc.) performance.

The role also assists the Performance Supply Team, including the consolidation of the vulnerabilities and opportunities and tracking of Sasol 2.0 initiatives relating to Supply and Refining. 

Key Accountabilities

  1. Calculation of the gross and net refining margins, analysis thereof against plan, budget and prior periods.

 

  1. Hold discussion with Planning and Trading team in analysing the refining margin and providing reasons for variance to Group and other stakeholders

 

  1. Manage month end processes and procedures relating to Refining including management of SAP system and ensuring the system reflects accurate and complete financial results.

 

  1. Manage the Refining Income statement and provide variance against budget and forecast.

 

  1. Responsible for robust forecasting and budgeting processes within refining and variance analysis to comparative periods.

 

  1. Co-ordination with Natref JV in understanding crude processing in actuals and obtain an understanding of deviations against budget and forecast.

 

  1. Finance representative in working groups (where applicable) for Natref Refinery scenario planning.

 

  1. Ad-hoc requests from internal and external auditors and external consultants.

 

  1. Prepare results presentation and present to VP JV Trading and JV Management.

 

  1. Monitoring of Refining related Sasol 2.0 initiatives and assessing actuals against targets.

 

  1. Support in the delivery of an optimised Refinery assessment to the business.

 

  1. Overall accountability for:
  • Forms part and contributes to the monthly Natref JV refinery planning meeting (including helping set the agenda, developing meeting materials where applicable, etc.)
  • Assists in identifying business risks and opportunities, in consultation with the business, ensuring that risks and opportunities are clearly understood and that actions are in place to mitigate and manage these.
  • Leads analysis and makes suggestions for interventions on behalf of the business; appropriate optimisation kpi’s are tracked and reported, and ensure that performance dashboards are updated for the Natref JV & Trading meetings.
  • Assists with ensuring that key business issues are reconciled, recommendations are proposed, and the information pack is prepared in order to support effective JV Trading and JV Management meetings
  • Assist with the delivery of key projects within Refining (finance representative).

Formal Education

Completed University Bachelor's Degree with a minimum 5 years of relevant experience (preferably refining and or supply)

Preferably degree or Post-graduate degree in business, commercial, engineering (with strong financial acumen) or accounting qualifications including post graduate experience.

 

Working Experience

Experience: 5+ relevant years

Required Personal and Professional Skills

BC_Collaborates
TC_Action Planning
BC_Resourcefulness
TC_Analytical skill
TC_Reporting
TC_Analyse Alternatives and Recommend Solutions
BC_Self-development
TC_Data Collection and Analysis
BC_Action Oriented
BC_Ensures Accountability

Sasol is an equal opportunity and affirmative action employer.  Inspired by our Purpose of “Innovating for a better world”, Sasol acknowledges that diversity is intrinsic to the fabric of our organisation and is the key to our growth and success.  Sasol is committed to the full inclusion of all suitably qualified individuals.  Preference will be given to applicants from designated groups and people with disabilities according to Sasol’s Employment Equity Plan.  This includes reasonable accommodation to enable individuals with disabilities to perform essential job functions.

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