Introduction
This position will be based in Woodmead
Description
The purpose of this position is to consolidate the group financial accounts to ensure adherence to group reporting and legislative requirements.
Duties & Responsibilities:
Manage, train and work with Financial Accountants to ensure:
• Creditor reconciliations, payments and follow-up completed accurately, within Company policy and timeously
• Review cashbook payments to ensure it is completed accurately, within Company policy and timeously
• Ensure all bank and cashbook accounts are reconciled on time and accurately
• Ensure all debtors transactions are captured timeously and accurately
• Identification and reporting of potential debtor risk and bad debt
• Approve intercompany invoices in line with Company policy
• Review and approve intercompany reconciliations
• Review and approve reconciliation of fixed asset register to general ledger and ensure assets are accounted for in line with IFRS and Company policy
• Review and approve VAT declarations and reconciliations to ensure VAT is declared and paid in line with the VAT Act
• Review and approval of payment batches
• Prepare/ review journal batches and processing
• Ensure above transactions comply with relevant tax requirements (VAT, PAYE and Income Tax)
• Ensure all long-term liabilities and leases are recorded accurately and in line with IFRS
Budgets/ Forecasts:
• Collation and data preparation from Project Management Accountants to prepare and compile annual budgets and monthly forecasts for legal entities
Balance sheet and Income statement:
• Preparing of management accounts to all relevant stakeholders timeously and accurately
• Collation and review of variance analysis of month and year-to-date against Budget
• Produce management packs monthly with executive commentary on any material variances
• Implement and monitor financial policy changes
• Review and sign-off of balance sheet account reconciliations
• Review and sign-off of monthly accruals and provisions
General:
• Perform internal audits on sites/legal entities as required
• Review and advise on cost improvements
• Report and follow up on non-compliance on financial policy when found
• Ensure that monthly reporting deadlines and format is adhered to
• Update and maintain all statutory records in line with Company law
• Any other ad hoc duties
• Compile and review specific DRA Group Reports
Qualification Requirements:
• Bachelor of Commerce (Accounting) Degree
• A Postgraduate Finance qualification or studying towards will be advantageous
Experience and SkillsRequirements
• Minimum 5 years' experience in Cost and Management Accounting as well as Financial Accounting
• Minimum 5 years Mining Industry experience of which at least 3 years should be in a Head Office role
• Advanced computer literacy in MS Office
• Sage X3 experience - preferable
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