Management Accountant

SUMMARY:
One of our clients, based in Vereeniging, is seeking a Management Accountant.
- Knowledge on PFMA Regulations

Responsible for the general accounting function including preparing journal entries, maintaining balance sheet schedules, accounts and bank reconciliations. Assisting with monthly closings, account analysis and supporting the Finance Executive in carrying out the responsibilities of the accounting department. Furthermore, to maintain the integrity of the financial accounting function in accordance with sound accounting practices, company policy and legislative requirements (SOC).

POSITION INFO:
Main Responsibilities and Activities of this Role
1. Financial management
2. Budgeting
3. Financial administration
4. Financial reporting
5. Leadership

1. Financial Management

• Develop and maintain financial accounting processes and procedures
• Implement and maintain sound internal controls
• Oversee the management accounting and internal control processes and procedures
• Identify financial accounting risks and develop and implement mitigating strategies
• Attend to audit queries

• Establish and maintain a budgeting system and assist with setting up the planning parameters
• Manage and control the annual planning and budgeting process
• Prepare the budget
• Interface and train users regularly regarding budget control and variance reports

• Prepare statutory returns (i.e. VAT, PAYE, SDL and RSC)
• Verify the General Ledger, accruals and control accounts
• Review local reconciliations before payments can be made
• Review Creditors on a monthly basis
• Prepare journal file and financial month-end pack
• Verify and authorise Forex differences
• Review alignment of contractual payment conditions with budgets and forecasts
• Control commitments against budget
• Manage cost control workflow
• Ensure that work measurements are correctly accrued and accredited

• Report on all cost activities (e.g. budget, forecasts) and on work in progress in line with company policies, legislation and GAAP
• Report on variances between budgets, commitments and expenditure
• Assist with refining and enhancing financial reporting for the organisation

• Manage the designated area within time and budget
• Plan, select, develop and maintain suitable manpower capabilities for area of responsibility
• Supervise, develop, lead and maintain a motivated and high performance team
• Identify and timeously address problems and opportunities
• Provide direction in respect of decision making
• Facilitate and resolve conflicting issues or requirements
• Ensure compliance with relevant legal and statutory requirements and internationally accepted environmental, health, safety and quality standards

• Accounting Degree (BCom Accounting and/or Management Accounting)
• Excellent knowledge of accounting principles and practices
• Excellent knowledge of finance principles
• Knowledge of financial reporting (IFRS)
• Knowledge of PFMA Regulations
• technical accounting skills
• previous experience of general accounting
• proficiency in relevant accounting software – SAP
• proficiency in MS Office and Power BI
• Knowledge of Tax Legislation
• Knowledge of Companies Act
• Excellent understanding of organisation processes and practices.
• Minimum of four years’ work experience

• attention to detail and accuracy
• planning and organizing
• deadline-driven
• scheduling and monitoring
• communication skills
• problem analysis and problem-solving skills
• initiative
• adaptability
• teamwork
• confidentiality
• excellent management skills
• excellent customer service skills (internal and external)
• pressure resilient

• Knowledge of General Accounting Principles (GAAP)
• Knowledge of relevant legislation
• Knowledge of Internal Financial Reporting Standards (IFRS)
• Knowledge of budgeting processes
• Understanding financial accounting and treasury
• Knowledge of computerised financial systems
• Communication skills
• Drive and energy
• Analytical thinking
• Decisive insight
• Methodical
• Numeracy
• Attention to detail
• Sound administration skills and knowledge of costing principles
• Excellent communication skills
• Excellent customer service skills
• Pressure Resilient
• Excellent time management skills
• Strong computer literacy
• Proactive
• Pressure resilient
• Team Player
• Multi-task focused

• Driving accountability
• Drive and energy
• Initiating action
• Cross-cultural awareness
• Impact and influence
• Facilitating and managing performance
• Attracting, developing and retaining talent
• Articulating and cascading the vision and values
• Decisive insight
• Team leadership
• Planning and organising
• Communication skills