Manager Market Sandton - Sandton
Phakisa Holdings Ltd
Phakisa Holdings is currently seeking a Manager Financial Reporting and GL in the Sandton area. Maintain sound Statutory Reporting environment. Ensure that sound financial management and reporting practices are implemented and applied. Ensure effective, accurate and timely reporting to internal stakeholders and external shareholders Business Processes/ Financial System processes A ctively contribute and support Finance of the future initiatives and the transition to Onestream reporting Participate in process and system enhancements (including Power BI and Onestream) and facilitate the creation of new financial policy and procedures. Build a good understanding of the data lake and work flow procedures in order to ensure integrity of statutory reporting Actively seek and support opportunities to streamline and reduce statutory activities based on a risk approach For statutory reporting, ensure the integrity of the GL accounts and the structure of the ledger. Good understanding of SAP FI module and profit centre accounting to ensure alignment with management reporting objectives and requirements. Support and contribute to the management of the external/internal stakeholder relationship, ie support External shareholder audit requirements, Hub/Profit split & SSA reporting ext. Statutory Reporting Plan, monitor and co-ordinate the Business Unit Statutory Reporting process for year end and half year end. Compilation, preparation and review of the stand-alone Business Unit Annual Financial statements, where applicable. Conducts research and assist with accounting and disclosure issues. Support or prepare/, where required, statutory returns to appropriate authorities. Assist with position papers on accounting treatments to Reporting Practices Committee. Manage relationship with External & Internal auditors. Manage relationship and statutory half year and year end deliverables with Energy and Group consolidation teams Detailed understanding of Onestream, Power BI Intercompany tool, reporting packs and the accounting manual. Prepare / Review the Business unit reporting pack For half year and year end, manage all statutory reporting deliverables, ie responding on queries, managing of overs and unders, annexures sign-offs & analytical reviews Month end and Budgets Manage and prepare / review month end reporting in Onestream. Execute/review relevant month end activities in SAP if applicable Assist with compilation and review of the budget & Forecast balance sheet and cash flow requirements and capture/upload budgets and forecasts (both IS & BS) in HFM/Onestream. Provide financial information for reporting to the Board/Opscom, if applicable, and for Business Unit reporting. Assist with adhoc requests during month end, forecast and budget periods GL reconciliations Manage GL reconciliation process which includes all the GL accounts feeding into the BU Financial trail balance and BU management accounts. Scrutinise quarterly recons performed by BU management accounts for items that require additional attention or action in order to ensure statutory reporting compliance Perform and review relevant GL reconciliations. Compliance Implement and perform internal and SOX controls around the statutory reporting process. Change relevant sox controls and internal business processes to ensure standarisation and alignment amongst various areas Tax Support At year end and half year end, assist Tax with information to support accurate income and deferred tax calculations Assist with tax and deferred tax accounting/disclosure in BU with support from BU Tax advisor. Managing team members Manage and develop direct reports. Ensure accurate and timely results are delivered through direct reports. Identify, contribute and support succession planning and career growth Actively be a team member by supporting the bigger GFR team to ensure the team deliver Grade 12 Bachelor Degree - CA (SA) 8 years' experience Proven technical financial reporting skills. Working knowledge of SAP OneStream skills (advantages) Current knowledge of IFRS, relevant Companies Act and Tax knowledge. Financial management, understanding of budget & forecast of balance sheet and cash flow. Proven technical financial reporting skills. (advantageous) Statutory Reporting, reporting to internal and external shareholders. Market related
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