Job Summary: To provide in-depth financial support, guidance and thought leadership to the South African Bank Note Company (SABN) regarding project financial management and manufacturing cost accounting. Main Responsibilities (not limited to): Project Accounting: Provide direction to ensure a sound Project Financial Management Framework that will support the strategy of the South African Bank Note Company in accordance with International Financial Reporting Standards (IFRS). Develop and implement a Project Financial Management Framework to ensure sound financial governance of all projects. Develop and implement Project Investment Decision-Making Models to be used by the business to inform sound financial decision making. Develop and monitor project costs against budgets and cash flow forecasts on an ongoing basis to ensure compliance to approved budgets. Ensure compliance to all financial policies and procedures within projects and provide financial risk management guidance. Prepare comprehensive management accounts and report monthly to the relevant stakeholders on projects. Coordinate and ensure project capital costs are correctly budgeted for by stakeholders on an annual basis. Participate in the procurement tender development and adjudication process and evaluation and benchmarking of tenders to ensure alignment to tender scope and objectives. Conduct post implementation financial assessments of projects to ensure that the financial objectives set out in the business case have been achieved. Provide support and financial guidance to internal and external stakeholders on project financial management related matters to optimise the companys financial performance and business opportunities. Manufacturing Cost Accountant: Review the use of the ERP system on the production floor to ensure accurate reflection in the Manufacturing Accounting Module. Investigate and prepare product variance analysis and commentary to ensure accurate reflection in the monthly management accounts. Conduct reasonability tests to explain under and over recovery of costs. Monitor the production flow to ensure the correct valuation of waste. Develop and implement cost accounting policies, procedures, and reports to ensure standardised accounting. Prepare annual and monthly phased production budgets and forecasts to ensure accurate reflection in the management accounts. Review usage variances to ensure accuracy of the Bill of Materials. Review Bill of Material to ensure the latest manufacturing practices are applied. Ensure compliance with IFRS, applicable legislation, policies, standards and laid down procedures. Act as a primary Finance Business Partner about production matters. Prepare annual and monthly phased production (Ink and Paper) budgets and forecasts to ensure accurate reflection in the management accounts. The Preferred Candidate is likely to have: BCom Honours or relevant B-Degree Honours in Accounting or Management Accounting (or equivalent) CIMA registration or Charted Accountant A minimum of 4 - 6 years of financial experience, of which 2 years must be in a management level role (Essential). Knowledge of the printing industry (added advantage). Skills and knowledge: Project management Budget and financial management Procurement and procurement process Standard cost accounting and IAS2 Management and cost accounting Tax Achieving goals and objectives Attention to detail Written and verbal communication Internal applicants should apply on the SABN careers portal on the intranet by uploading detailed CVs and copies of qualifications. External applicants should apply on Careers24 website by uploading detailed CVs, ID copy, copies of qualifications and recent pay slip. No applications will be considered if the supporting documents are not submitted. The personal information that is collected and processed for recruitment purposes will not be utilised for any other purpose. You can read more on how we process your personal information in the South African Reserve Bank Privacy Notice. You absolve the SABN for any liability whatsoever, and howsoever arising from the providing of information. SABN is committed to equality, employment equity and diversity. In accordance with the Employment Equity Plan of SABN and its Employment Equity goals and targets, preference may be given, but is not limited to candidates from under represented designated groups. No application will be considered after the closing date, or if it does not comply with at least the minimum requirements. Please note that correspondence will be limited to shortlisted applicants only. Should you not hear from us within 10 working days after the closing date, please consider your application unsuccessful. SABN reserves the right not to make an appointment to the posts as advertised. Prospective applicants must be willing to undergo a series of assessments and security clearance process as prescribed by the National Key Point Act.
