Posted on :
6 Dec, 2013
6 Dec, 2013
To attend to the day to day financial recording for SA head office companies and to maintain appropriate financial reporting systems. To implement and maintain appropriate financial reporting systems and prepare monthly, quarterly and annual financial results.
•Input into identifying ways to fine tune procedures and their application
•Work with existing processes and procedures in such a way that operational efficiencies and performance are enhanced
•Work consistently according to standard procedures
•Share experiences and knowledge of relevant work matters
•Gather information and research to ensure delivery of results
•Overcome obstacles encountered by using previously learned methods of solution
•Report and escalate “problems” through to authority for advice or assistance timely
•Ensure that time, skills, equipment and materials are neither wasted nor misused
•Support the work performed by others
•Prioritise work to ensure deadlines are met
•To perform related Ad-hoc tasks
•Follow clear and linear procedures to find practical solutions to problems pertaining to the general ledger function
•Reach solutions based on own technical expertise and experience
•Base judgement predominantly on knowledge, skills and experience to solve problems
Process and Procedure Effectiveness
•Improve methods of carrying out work through on-the-job concrete experience
•Ensure that workflow continues without interruption
•Resolve all queries timeously
Preparation of monthly financial accounts for all Head Office companies and supporting schedules in line with Group deadlines
•Ensure that accurate monthly results are loaded in Hyperion, no validations
•Ensure compliance with IFRS
•Balance off all intercompany accounts on a monthly basis (ensure no intercompany validations in Hyperion)
•Load, match and post transactions in Hyperion, including non-cash transactions for Cash Flow Statements.
•Resolve all intercompany queries by liaising with the Intercompany Accountant.
•Prepare and load monthly cash flows for all Head Office companies
•Review and ensure the accuracy of sub-ledger reconciliations performed by the Accounts Payables team.
•Prepare all General Ledger reconciliations including all third party loans reconciliations.
•Ensure that accruals are complete and accounted for monthly. Review and sign off Accruals before uploading into Oracle.
•Management fees – calculate management fees per the Management and Service Fees contracts, for invoicing by the Intercompany accountant
•Verify the accuracy of Management fees Received from operations before invoicing by the Intercompany Accountant• Perform monthly Forex Proof for MTN Mauritius
•Maintain the fixed assets registers for all Head Office Companies – (if applicable)
•Assist in the overall financial management of Head office companies, on-charging of inter-company charges as well as ensuring the balancing of inter-company accounts and charges. Monitor the payments of inter-company accounts on a monthly basis.
•Assist in the preparation of PAYE returns and timeous payments to SARS – (if applicable)
•Assist in preparation of income tax returns required by South African Revenue Services.
•Ensure that all financial records and documents are properly filed in respect of Head Office Companies.
•Assist with timeous resolution of accounting queries with bankers and other operating companies
•Ensure that invoicing to operating companies and related parties is done regularly and in time (if applicable)
•Monthly confirmation of loan account balances with related parties.
•Open and close combinations, accounts, Periods etc
•Process and post all journal entries in the General Ledger for all Head Office companies
•Review of all Head Office companies monthly Trial Balances to ensure accuracy
•Provide supporting schedules for annual and provisional tax returns and monthly tax computations
•Provide supporting schedules required for completion of VAT returns
•Provide information to group tax to resolve any tax queries with SARS
Budgets and Forecasts Reporting
•Prepare and load budgets and forecasts for all Head Office companies in Hyperion and Oracle.
Cost centre reporting and analysis
•Prepare cost centre operating expenses reports and send to the relevant cost centre owners. Liaise with Management Accountants.
•Resolve all operating expenses allocation queries
•Authorise all re-allocations in consultation with budget holders
Year End and Interim Reporting
•Responsible for all Head Office companies interim and year-end audit
•Prepare audit files together with all supporting schedules for auditors to ensure audit completion within Group deadlines.
•Prepare Annual Financial Statements for all Head Office companies within set deadlinesGeneral
•Assistance to other internal departments on various projects and transactions.
•Accounting assistance to Group Finance and Company Secretarial.
•Draw information from the system when required
•Compile monthly stats for submission to management
•Handle audit queries and provide information to Auditors as required
•General Housekeeping within general ledger
•Filing of all relevant documentation
•Ensure compliance to Group Finance PPP’s to alleviate risk
•Work consistently according to standards of accuracy, deadlines and processes
•Identify processes and procedures where the quality of work may be improved
•Ensure quality standards are implemented correctly.
•Seek feedback from stakeholders and continuously seek ways of improving on quality standards
•BCom / CIMA with significant job experience – minimum of 5 years – (perhaps having served articles but not passed the Board exam)
•Minimum of 5 years’ experience with accounting for head office companies or accounting at operations level.
•Corporate head office environment experience. However, experience in operations environment would be an advantage.
•Accounting for foreign currency transactions
•Proficient with application of IFRS, taxation, and other requirements.
•High tolerance towards uncertainty and ambiguity
•Computer proficiency, particularly Oracle accounting software as well as the use of MS Office
•Communication and interactive skills
•Project management skills
•Hyperion experience would offer a distinct advantage.
Reference No: IRC126606
Position Type: Permanent
Affirmative Action: Open to All
•Detailed technical accounting knowledge, including IFRS and application in a Group environment
•An understanding of South African taxation incl. PAYE, VAT, Corporate Tax – International taxation knowledge an advantage
•Telecomms markets understanding and knowledge (preferable)
•Good understanding of departmental administration
•Sound knowledge of MTN accounting principles and processes
•Oracle System.Behavioural qualities:
•Dedication to getting the job done
•High level of integrity
•High tolerance to diverse cultures and changing situations
•Output and achieving successes orientated
•Ability to perform well under pressure in order to meet frequent and challenging deadlines
General Working Condition:
•Extended working hours when required (Unpaid)
•Independent transport facility (Own vehicle and valid drivers’ licence)
Applications close 11 Dec 2013.