Financial Accountant

Division

Department

Sub Department 1

Job Purpose

Key Accountabilities (1/6)

• Manage all Controllership, accounting, banking and financial reporting activities
• Overall end to end Finance governance, Monthly, Quarterly and Annual closing of the Legal entity
• Submission of Financial statements, templates, analytics, eliminations and other closing related information to Regional and Corporate Finance as per closing timelines and facilitation of year end statutory audit & reporting process
• Review the financials monthly and deep dive into major variances and errors in accounting
• Ensure Intercompany transactions accounting and reconciliation with India and regional team
• Help to standardise formats and reconciliations on a timely basis
• Manage all banking transactions and optimise the payments process wherever required
  

Key Accountabilities (2/6)

• Controls, Compliance & Simplification
• Co-ordinate with audit teams for all data requirements & initiate timely action against all audit observations to ensure the necessary processes are put in place to avoid repeat of same errors
• Take initiative to contribute towards improvisation of system functions. Drive process simplification, automation and improve efficiencies
• Ensure compliance with tax laws, transfer pricing requirements and local country laws and regulations
• Ensure no repeat Audit queries and ensure the overall controls on area of responsibility
• Training employees and collaborating with other departments to streamline processes on compliance standards
• Ensuring adherence to company policies and regulatory
• Responsibilities may include auditing expense reports, monitoring compliance with travel policies, identifying discrepancies, and implementing corrective actions
• Ensure compliance to all legal commitments as per commercial contracts
  

Key Accountabilities (3/6)

• Assistance in closing / monitoring of financial statements for management reporting and statutory compliances
• Preparation and Monitoring of monthly, quarterly, and annual standalone financial statements
• Preparation of monthly, quarterly, and annual income statement and variance analysis
• Co-ordination with global for completion of consolidation
• Finalization of inter-company elimination for proper group consolidation
• Review of balance sheet on quarterly basis and variance analysis
• Ensure disclosures are complete, accurate and are of high quality
  

Key Accountabilities (4/6)

• Liaise and resolve audit queries to achieve full compliance and nil repeat observations
• Liaise with internal/statutory auditors, engage in discussions, and respond to close out their queries as and when received
• Coordinate with multiple stakeholders to facilitate Audit submissions and review
  

Key Accountabilities (5/6)

• Identify, drive and lead opportunities on automation & simplification
• Take initiative to contribute towards simplification of processes.
• Identify and drive the changes in existing systems and bring on automation opportunities to enhance the quality and optimize timelines
  

Key Accountabilities (6/6)

• Ad hoc projects from time to time
• Participate in special projects and initiatives as assigned .
• Collaborate across departments to support ad hoc business needs and strategic objectives .
• Adapt to evolving priorities by effectively managing ad hoc tasks alongside routine responsibilities
  

Major Challenges

• Prioritization of tasks and multitasking
• Quick decision making while ensuring it has no adverse business impact
• Effective stakeholder management (internal & external)
• Dependence on country team for inputs or data
• Adjust working hours as per the country time zone as and when required.
  

Key Interactions

• Site Leadership Team
• Site Operations Team
• Global & Regional Accounting, Treasury and Tax team
• Global & Regional FP&A Team
• Global Operations Finance Team (SCM, Capex, Manufacturing, Costing)
• SAP Team
• FSS Team
• Internal & External Auditors
  

Dimensions

• Revenue of ZAR 250 mn
• Opex Management of ~ ZAR 110mn
• Automation of reports
• Building strong controls across operational expenses management and ensure compliance with it in terms of right approval matrix & budget control
• Understand overall SA business (Revenue: R6.5 billion) and its dependency on the manufacturing units
  

Education Qualification

Relevant Work Experience