Group Management Accountant Irene Centurion - Denel SOC Ltd - South Africa

To prepare and analyse the Group's financial information in order to provide effective internal and external management accounting reports and advise to enable the Group's EXCO to make informed decisions required to achieve the Group's goals and still adhere to the International Financial Reporting Standards (IFRS), Group financial regulations, Public Finance Management Act (PFMA) and Treasury. To compile and consolidate the Group's budget by incorporating the Division's budgets into the budget model and submit the draft budget for approval and provide analysis during the financial year on the status of planned vs actual. Operation Management • Provide and communicate budget guidelines to all Division's. • Compile and consolidate the Group's budget by incorporating the Divisions' budgets into the budget model and submit draft for approval. • Load the approved budget on the accounting system and incorporate it into the monthly reports. • Perform analysis during the financial year of actuals vs budget to ensure agreed forecast targets are met and provide reasons for deviations and make the necessary adjustments if required. • Identify Groups cost drivers and trends and make recommendations for improvement. • Compile the budget for certain revenue line items, variable costs and certain semi-variable costs. • Compile a draft 5-year Corporate plan. • Calculate budget labour rates. • Identify courses of action to help manage insurance risks. • Evaluate risk management related to financial risk. • Verify the integrity of financial information and confirm intergroup transactions are accurate. • Direct routine -and non-routine transactions. • Assist in the development and implementation of working management tools to improve cash flow for all Divisions. • Monitor cash flows, calculate rates when required and analyse working capital on a Group level. • Monitor Group inventory levels and the contributing project/programs and recommend and monitor the implementation of measures to improve stock for all Divisions. • Analyse new program proposals and contracts by reviewing the bids costing to determine the financial implications. • Conduct Group high level project financial reviews in terms of cost to completions, gross profit analysis, revenue recognition and net present value calculations for discussion with the Group Chief Operating Officer (COO). • Assist with analyses of business decisions subjected to uncertainty and volatility (problem session, year-end accounting plan and implementation of lessons learnt). • Develop cost control mechanisms and provide costing guidelines. • Prepare Group financial forecast including sales and margins to guide management. • Perform ad-hoc investigations as and when required. Governance and Audit • Establish, maintain and coordinate the implementation of accounting and accounting control procedures within area of responsibility. • Maintain and manage the application of policies and procedures including the delegation of authority. • Verify the input of financial data and reports for the Group's automated financial systems and ensure build in controls into the system. • Interact with internal and external auditors in completing the required audit process within area of responsibility. • Guide an effective and efficient external audit of the financial statements. • Audit accounts and transactions to ensure correct accounting. • Advice on changes to internal documents to optimise controls. Reporting and Operations Excellence • Generate monthly Group costing management reports to reflect budget vs actual. • Ensure all reports are in accordance with Denel policies and procedures and PFMA requirements within the required timelines. • Review and report any adverse deviations from budget to the Group Finance Manager. • Analyse financial reporting needs for decision making purposes and optimize systems (performance reports, variance analysis and ratio analysis). • Conduct external financial reporting and maintain an awareness of key ideas and principles of standard changes. • Ensure Income tax compliance and facilitate specialised reporting. Human Resource Management: • Participate in the performance management process. • Participate in staff meeting to discuss operational performance and business issues. • Live the company values and exhibits behaviours to reflect the company culture. Financial Management: • Assist in compiling of the sales, OPEX and Capex budgets. • Liaise with Division to obtain input into the budgets in accordance to the overall budget guidelines. • Analyse input received and identify abnormal items or discrepancies and resolve before submitting to the Group Finance Manager for incorporation into overall budget. • Continuously seek opportunities to reduce cost. Relevant post graduate degree in Accounting equivalent to NQF 8 Charted Institute of Management Accountants (CIMA) 5 years' financial or management accounting experience in a financial, project management and/or cost accounting environment involved with budgetary and variance analysis processes. Two years' experience at management level. Competent knowledge of International Financial Reporting Standards (IFRS) and Public Finance Management Act (PFMA), SARS and any relevant legislation. Competent knowledge of statutory financial regulations. Competent knowledge of management reporting and cost accounting processes. Competent knowledge on an audit process. Competent knowledge of financial and accounting software applications. Competent knowledge of capabilities related to financial modelling. Competent knowledge to report on financial related information that can impact Divisional Management decision making. Ability to analyse financial data and take appropriate actions including advising management on emerging risks to achieving strategic objectives. Expert knowledge of MS Office Advanced computer skills Customer orientation Verbal and written communication Business and commercial acumen Market Related Apply Now

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Group Management Accountant Irene Centurion - South Africa

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