Senior Financial Accountant

SUMMARY:
 Job Overview:
 - Lead and manage the financial accounting functions for South African entities to allow compilation of accurate and timeous financial information to plant management in order to make informed business decision.
Key functions include Statutory Compliance, AFS and audit oversight, Internal Controls, Continuous Improvement, Payroll & Asset Accounting, Taxation.

Reporting to : Country Financial Manager
 
 
Minimum Requirements:
 - 5 + years’ experience in a senior position: Finance Manager, Financial Controller, etc.
- BCom Accounting
- CIMA or CA(SA) highly advantageous
- Automotive/Manufacturing advantageous
 
Job Responsibilities:
Financial Reporting:
- Prepare financial reports and returns for internal and external use.
- Provide financial analysis and support to plant management and all operational areas of the business.
- Review and action Financial variances (Budget / Forecast / Estimate).        
- Ensure compliance with IFRS.
- Submission of monthly and annual reports on the reporting platform (OneStream)

Audits and Year-End Processes:
- Prepare and plan Year-end Statutory Audit (external and internal) in line with the consolidated Audit plan
- Support with reporting Accounting, Audit and Tax Packs information
- Support in providing information on internal audit, and closure of findings stemming from internal audit
- Support with BBBEE audit
Statutory Returns and taxes:
- Prepare  Government Incentive Applications/Submissions (AIS, APDP, PI, etc)
- Prepare BBBEE reports and information
- Support with AFS preparation & reviews
- Manage tax submissions to SARS with the support of tax consultants

Payroll Accounting:
- Perform Payroll Accounting function, which includes
- Review and Approve Payroll Payments
- Prepare wages and salary related journals from HR reports.
- Maintain Payroll Recons

CAPEX, Tooling & Fixed assets:
- Prepare & maintain a CAPEX and Tooling reports & register tracking actual spend against approved spend, planning future profitability & cash flows of the projects
- Prepare CAPEX requisition with all relevant information regarding the CAPEX project
- CAPEX analysis with project launch comparison
- Support useful life and residual value of Fixed Assets analysis
- Lease accounting
 
Internal control:
- Lead internal control reporting and submission for all South African entities, which includes:
- Ensure compliance to Global Control Framework (GCF) and SOX and Delegation of Authority (DoA) and company policies and procedures
- Prepare and submit monthly Control checks allocated as per Global Control Framework (GCF)
- Maintain the risk register
 
Continuous Improvement:
- Lead the financial reviews of Continuous Improvement initiatives in the WAVE system for all South African plants, which includes:
- Review of initiative calculations
- Verification of measure information
- Tracking of actual savings against planned savings
- Identify improvement opportunities and make recommendations for improvements
- Participate in Continuous improvement initiatives

General Ledger and Other:
Perform complex accounting oversight - IFRS 16, etc.
Support process of WCA, PAYE and Provisional/Income Tax returns
Review B/S recons and VAT reviews
Review Controller's monthly journal entries
Prepare Provision and Accrual Journals
Ensure timely and accurate closing of GL
Performs other finance-related duties as assigned
 
 
Key Skills and Competencies:
 IFRS compliance
Accounting for tax & VAT
MS Office (Excel, Word, PowerPoint, Outlook)
Advanced Excel
Manufacturing industry
Solid ERP experience (BPCS advantageous)

POSITION INFO:
Automotive client looking for an experienced Senior Financial Accountant