Location: Cape Town - Hybrid model (2-3 days in the office)
Contract Type: Permanent
Working Hours: 10:00AM : 18:30PM (SAST)
Role summary
Oversee financial reporting for the Consulting vertical, in order to drive improvements in business performance
Oversee statutory and tax compliance in the SA and US legal entities
Contribute to the control environment of the group
Role responsibilities:
Own the process mapping for these 2 processes within this SOP:
Contract to cash (Unbundled), supported by the Finance Business Partner
Record to Report (Unbundled)
In terms of Revenue and Accounts Receivable, perform the following tasks:
Design and execute a structured approach to review the information in OpenAir / Kantata that drive revenue recognition and revenue forecasting on an ongoing basis
Develop and drive reporting analytics in the Unbundled vertical
Report weekly variances i.t.o revenue (actual vs plan) to the FD and Exco
Oversee the continuous invoicing process and handle related customer invoice queries
Manage the collections process for outstanding invoices
Oversee the cash flow forecasting process and present to the FD for review
Support the ADs with client onboarding where needed
In terms of monthly financial reporting, perform the following tasks:
Confirms the completeness of revenue recognition, by reconciling the past and future revenue to total contract value
Review, reconcile and submit the Unbundled payroll cost (and relevant payroll journals) to the FD for final approval on their due dates
Review pertinent balance sheet accounts (deferred revenue, direct cost accruals and salary related I/S and B/S accounts) and submit these to the FD for approval
Prepare relevant sections of the monthly management accounts, investigate significant variances between actual and plan (as directed by the FD) to ensure timely submission to OES
In terms of statutory and tax compliance, perform the following tasks:
Maintain the compliance calendar to ensure all deadlines are communicated to the team
Prepare monthly SA VAT returns for approval by the FD and ensure timely submission and payment
Perform bi-annual transfer pricing calculations and present to the FD for approval and ensure timely and accurate recording of these transactions
Prepare bi-annual income tax returns (for both SA and US) for approval to the FD and ensure timely submission and payment
Prepare bi-annual employee tax returns (for both SA and US) for approval to the FD and ensure timely submission
Liaise with auditors and advisors to ensure timely submissions required in terms of statutory compliance for US and SA entities
Perform the following ad hoc tasks:
Support the FD with contract reviews of major customers and vendors
Support the team during the forecasting and budgeting process as directed by the FD
Identify deviations to controls and processes contained within this SOP
Propose improvements to the control environment to ensure the integrity of financial information – i.e. completeness, accuracy and validity of information
Advise and coach HODs and profit centre owners on control improvements
Through outsourced partnerships, keep abreast of new legislation and regulatory rulings influencing payroll and reporting requirements.
Requirements
At least BCom Accounting Degree plus articles; CA(SA) is advantageous
At least 6 years experience in financial and management accounting in a corporate environment; multi-currency and consulting (business services) experience is advantageous
Extensive experience with ERP systems (SAP, Oracle or similar)
Experience with group reporting; international tax compliance experience is advantageous
Experience managing a small finance team
Have an analytical and problem-solving mindset with an ability to generate clear, well presented and accurate insight
Good communication, negotiation and interpersonal skills
Ability to handle conflict and work under pressure
Affinity for people and a track record of collaboration
Benefits
These are some of the perks you can expect when you join the team:
Flexible working hours
Generous annual leave policy
Paid maternity, parental, and study leave benefits in line with policy
Learning and development opportunities within a global team
Fun events organized by the Construct Social Committee
ABOUT CONSTRUCT EDUCATION
Construct Education is a strategic digital learning solutions company specializing in the design of innovative, impactful, and bespoke digital learning experiences. As a wholly-owned subsidiary of OES, a global leader in education solutions, we continue to push the boundaries of online education.
Construct Education is a fee-for-service partner to institutions, and organizations worldwide, creating digital learning experiences that empower both learners and educators. We are committed to redefining online education in a way that prepares learners for real-world challenges and helps them succeed in their careers.
We are on a mission to transform online learning and bridge the gap between education and employment. Our vision is for everyone to have access to meaningful education through superior online programs.
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