Management Accountant Operations

Job Req ID

6561

Closing Date

27 November 2024

OME

FIN: Finance Southern Africa

Location

Secunda, Mpumalanga

Purpose of Job

Ensures effective, accurate and timely reporting to internal stakeholders. Support the cost and profit centre managers with financial analysis and intelligence in a proactive way. Provide a continuous input into financial and business decision-making at an operational level. Provide accurate and timeous financial and management accounting reports. Execution of financial related activities. Apply relevant policies, procedures and ensure compliance to internal controls.

Key Accountabilities

• Present and confirm the accuracy and completeness of SAP data.

• Prepare SAP journals to ensure correct cost allocation between GL accounts.

• Prepare detail cost information to enable the managing the costs/budgets.

• Prepare monthly analysis of cost centers' to identify areas of concern to be addressed.

• Generate detail monthly cost reports with variance explanations.

• Track and measure cost saving initiatives.

• Prepare and analyses financial information received for budgets and forecasts.

• Perform variance analysis of expenditure against budget, prior year and forecast.

• Support finance team (manager in preparing BU)/value chain results for budget presentations and quarterly BU Exco forecast presentations.

• Compare budget and forecast information between different areas to determine and establish best practices.

• Prepare monthly forecast for the BU /value chain.

• Maintain SAP structures to align with BU / value chain requirements and make budget changes accordingly.

• Prepare monthly cost reporting of the BU / value chain / area results.

• Provide detail information regarding price and volume variances.

• Evaluate completeness of monthly cost and create provisions & accruals were necessary.

• Prepare monthly reconciliations/schedules for GL accounts under their control.

• Reconciliation of monthly SAP and Management reporting results.

• Tracking of financial and operating results against KPIs to be reported.

• Prepare variance analysis of current results against annual budget, prior year and forecasts.

• Maintain cost and profit centre structure within SAP to ensure alignment with BU/value chain/area requirements.

• Identify and implement value adding initiatives to be adopted and supported by the business.

• Stay abreast of changes in legal/regulatory environment that could impact BU's.

• Report and influence the adoption of best practices across BU's.

Formal Education

University Bachelor's Degree in a finance or related field

Min Experience

3+ relevant years

Technical experience that will be an advantage

• Financial management, understanding of budget & forecast of balance sheet and cash flow

• Proven management reporting skills. Reporting to internal shareholders

• Working knowledge of SAP (SAP knowledge will be advantageous).

• Value chain knowledge (Will be advantageous).

• Current knowledge of IFRS.

Required Personal and Professional Skills