Senior Management Accountant - Sigma Mine, SASOLBURG

Job Req ID

7690

Closing Date

26 February 2025

OME

FIN: Finance Southern Africa

Location

Sasolburg Free State

Purpose of Job

Ensure that sound financial management and reporting practices are implemented and applied in the Business Unit. Ensures effective, accurate and timely reporting to internal stakeholders. Participates and provides input in business decision making, financial management of the business unit and also ensure the effective management of the financial people. Support the cost and profit centre managers with financial analysis and intelligence in a proactive and positive/ critical attitude to facilitate decision making as well as to evaluate the effect of decisions made.

Key Accountabilities

Compliance to fixed asset policy and accounting standards

Ensures proper capital expenditure evaluation, control and reporting

- Relevant and timeous financial management information provided to enable business

decision making

- Ensures operating costs are not capitalised

- Review CWIP, and ensure that projects are capitalised when ready

- Prepare accurate capital budget and forecast and ensure accurate cash flows

Centre analyses / decision support

- Present and confirm the accuracy and completeness of SAP data to cost centre owners;

- Prepare SAP journals to ensure correct cost allocation between GL accounts and cost

centre's

- Prepare detail cost centre information to enable cost centre owners in preparing and

managing their costs/budgets;

- Prepare monthly analysis of cost centres to identify areas of concern to be addressed by

cost centre owners/Shaft management;

- Guidance to cost centre owners on financial decisions including scenario analysis to

inform business decisions;

- Generate detail monthly cost reports with variance explanations;

- Track and measure cost saving initiatives and report to cost centre owners

Budget and forecast process

- Prepare and analyse financial information received for budgets and forecasts;

- Perform variance analysis of expenditure against budget, prior year and forecast;

- Give guidance to cost centre owners in terms of budget and forecast trends and

requirements

- Support finance team in preparing Shaft/value chain results for budget presentations and

quarterly Shaft Exco forecast presentations;

- Compare budget and forecast information between different areas to determine and

establish best practises

- Maintain SAP structures to align with Shaft/ value chain requirements and make budget

changes accordingly

-Analyse pricing & volume variances compared to budget or forecast.

Management reporting

- Prepare daily, weekly and/or monthly cost reporting of the Shaft/ value chain / area results;

- Provide detail information regarding price and volume variances to cost centre owners;

- Evaluate completeness of monthly cost and create provisions were necessary;

- Prepare monthly reconciliations/schedules for GL accounts under their control;

- Reconciliation of monthly SAP / HFM and BW/Management reporting results;

- Tracking of financial and operating results against KPIs to be reported to cost centre

owners;

- Prepare variance analysis of current results against annual budget, prior year and

forecasts;

- Provide continuous training to cost centre owners in terms of cost awareness, optimisation

and available SAP cost reports

Key Accountabilities Continued

Financial Systems Support

- Maintain cost and profit centre structure within SAP to ensure alignment with Shaft/value chain/area requirements

- Maintain WBS and/or internal order structure in alignment with Shaft/value chain/area Requirements

-Identify HFM improvements and changes required for BU.

Sales billing

-Processes sales documentation and issues invoices.

-Variances on pricing and volumes reconciled and explained.

-Accurate cash flow forecasts presented within agreed deadlines.

-All supporting documentation on hand.

-Sales recorded and updated on system.

-Prepare mass balancing and reconciles gains/losses.

-Prepare pricing, volume and quality variances.

-Gains/losses recorded and reconciled on a monthly basis.

-Variances on pricing and volumes reconciled and explained.

Inventory/Stock

-Inventory performance measured against working capital targets.

-Value and volume of inventory known and understood.

-Calculate accurate closing stock in line with all source documents.

-Maintain reports and records for Purchased inventory.

Power BI

-Analyse and prepare data in Power BI for reporting purposes

Formal Education

University Bachelor's Degree in a finance or related field

Working Experience

Required Personal and Professional Skills