Financial Accountant (9 Months Contract) (Durban)

SUMMARY:
Oversee that the financial reporting requirements of Group and TPT are met (quality and deadlines) for month end, quarterly reporting, interim and year end.

POSITION INFO:

SCOPE OF REQUIREMENTS

Divisional Financial Accountant

• Oversee that the financial reporting requirements of Group and TPT are met (quality and deadlines) for month end, quarterly reporting, interim and year end.
• Review of monthly, quarterly, biannual, and annual reporting to ensure that TPT''s financial statements are valid, accurate and complete and comply with the relevant accounting standards, policies and procedures
• Review of consolidated trial balance and the chair the Finance teams review of the consolidated trial balance
• Co-ordinate all external audits (interim and year-end) and internal audits ensuring that no major reporting items exist.
• Review of all the HQ general ledger reconciliations, journals and inter/intra
• company transactions that impact on the TPT Financial statements.
• Ensure all the TPT reporting requirements are met timeously.

Business Process Owner of Financial Accounting Processes, including the following sub-processes:

Payments

Payments

• Perform the role of a bank signatory, by reviewing creditors reconciliations for creditors payments, foreign payments, CAPEX, travel payments and weekly payroll payments

Debtors

• Review debtors credit applications and applications for cash accounts and authorize the opening of an account and credit limits in terms of the Delegation of Authority
• Review debtors masterfile exception report

Fixed Assets

• Review of revaluation results
• Provide support to the fixed asset team when required.

Cash Management & Working Capital Portfolio

• Manage rollout of the Cash Management SOP and working capital initiatives thereby improving working capital and giving support to the Transnet Group Strategic Objective of optimal working capital performance
• Reviewing & authorizing monthly and quarterly cash forecasts to Group Treasury

REVENUE MANAGEMENT, OVERSEE AND PROVIDE SUPPORT TO TERMINALS

Business Process Owner for Financial Statement Close Process

• Responsible for maintaining and enhancing a controlled financial environment (in line with Transnet zero tolerance for ineffective controls and non-adherence to PFMA

Business process Owner for SAP FI Module

• Taking accountability for Sap FI authorizations, developments and enhancements

Controls

• Financial Risk management & ensuring a sound financial control environment (identifying, monitoring & implementing controls)

CSA

• Completing the CSA weekly, monthly and quarterly

Minimum Controls Framework

• Updating the framework for any changes necessary and ensuring HQ compliance.
• Monitoring terminal compliance to ensure any audit findings do not become repeat audit findings.
• Implementation & monitoring of national policies, standard operating procedures, and guidelines in respect of all aspects of financial accounting (accounts receivable, payable, and general ledger)
• Alternate to Divisional Financial Reporting Manager on several committees.

Staff

• Manage the staff to ensure the smooth running of the Financial Reporting Office at HQ.
• The resource will be required for a period of 12 months.

Qualifications

• CA (SA)
• 6 to 8 years relevant working experience

Knowledge required

• Expert knowledge of IFRS
• In depth Knowledge of PFMA, Asset Management, Financial Controls & Corporate Governance
• Experienced in SAP (CO & Fl)
• Good understanding of the financial impact, risks and opportunities on business
• Knowledge of the Port Environment is an advantage

Skills Required:

• Strong presentation and communication skills with the ability to communicate at senior management level
• Strong people and staff management skills, and ability to motivate and direct staff
• Assertive, analytical and attention to detail
• Process and Project Management Skills
• Ability to manage multiple processes under pressure and ensure deadlines are met
• Change Management
• Proficient in Microsoft Office