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  • Posted: Jun 28, 2017
    Deadline: Not specified
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    Malander Inc. Chartered Accountants and Financial Advisory is a professional services firm comprising of experts specialising in accounting, taxation, payroll, secretarial and related services. Our mission is to provide excellent and professional services, to clients whom are serious about their business. The value added service which we provide, ensure our...
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    Senior Manager, Financial Reporting

    Job description

    A new opportunity has arisen for a Senior Manager, Financial Reporting for a telecommunications company in Johannesburg, South Africa.

    The Senior Manager, Financial Reporting directs and leads the Financial Reporting and Consolidation sub-functions like Intercompany, Consolidation, Period Close and reporting within the Financial Accounting CoE and ensures that quality services are provided.

    The Senior Manager, Financial Reporting reports into the GM, Financial Accounting and is supported by Level 3 consultants. The position will interface with the CoE and Opco stakeholders and the Shared Services Hub (SSH) (not limited to) via Oracle workflows and non-Oracle workflows to ensure effective and efficient operations.

    Salary negotiable.

    Requirements:

    • CA(SA) with 5+ years’ experience, with preference in the telecommunications industry
    • Experience in ERP (Oracle preferred)
    • Project Management experience
    • Pan Africa Multi-cultural experience
    • GAAP
    • IFRS
    • Experience in leading change / transformation initiatives
    • Experience in implementing new reporting initiatives / best practices
    • Experience in financial accounting leading practices and trends

    KPA’s:

    • Strategy Development and Implementation
      • Lead creation of sub-divisional strategy in line with overarching divisional goals, with emphasis on client experience (internal and external)
      • Ensure effective implementation of sub-divisional strategy by means of providing direction, structure, business plans and support
      • Staff Leadership and Management
      • Source, induct, and manage talent in accordance with legislative guidelines
      • Ensure open communication channels with staff and implement change management interventions where necessary
      • Provide definition of roles, responsibilities, individual goals and performance objectives for the team
      • Set key performance indicators (KPIs) and provide regular performance feedback through a well-defined and implemented performance review program
      • Develop and implement a training plan to build and develop skills within the team
      • Performance manage resources in accordance with HR policy and legislation where necessary
      • Actively participate in leadership team and develop skills of own team
      • Promote a ‘company centric’ and ‘partnership approach’ to develop strong relationships with other working groups and ensure adherence to Group governance
    • Governance
    • Strategic Meetings
      • Participate and provide input in strategic meetings
      • Provide inputs to enterprise wide transformation initiatives
      • Provide inputs to and ensure adequate risk mitigation and controls
      • Perform evaluation baseline of Service Level Agreements (SLAs) and KPIs
      • Request for relevant budget for internal projects and new initiatives
      • Facilitate preparation of proposal on change initiatives SLA, policies and procedures
      • Escalations
      • Escalate issues that will result in severe time, scope, productivity, and cost or resource impact
      • Manage and provide solutions to escalations that have multiple processes / functions impact on critical path of service delivery
    • CoE Tactical
      • Review all projects initiated (internal or global)
      • Review and finalise objectives, targets and budgets for CoE as applicable
      • Review key risks, issues and dependencies and set mitigation actions
      • Manage budget
      • Facilitate in sign-off / making decisions regarding tactical changes
    • Performance
      • Monitor performance and alignment with the company’s global strategy
      • Ensure alignment between SSH, CoE and Opco (relevant to the respective piece of work)
      • SLA approval and exception performance review
    • Reporting
      • Report on a monthly / periodic basis to the relevant stakeholders relating to progress made within the division and in accordance with the measurement metrics set by the organisation
      • Report on an ad hoc basis on specific projects, as required
      • Periodically review reports from the SSH, Opco
    • Budgets
      • Manage sub-divisional budgets in line with business objectives
      • Manage project initiative budgets in line with business objectives
      • Ensure that the cost of operations is reduced, in line with a least cost operating strategy stemming from the business drivers
    • Operational Delivery
      • Guidance and Support Delivery Management
      • Manage and coordinate the Group consolidation and monthly, quarterly and annual financial reporting activities for various stakeholders within the company (Group Companies and Operating Companies) compliant with IFRS where required. Understand stakeholders feedback and create innovative support solutions for better service delivery
      • Identify opportunities for improvement to ensure faster and more efficient period end process and preparation of financial statements
      • Responsible for the development of an effective financial accounting management framework and ensuring adherence to policies, processes and procedures for financial accounting and reporting operations
      • Lead transformational initiatives within Finance and drive the required change
      • Oversee and provide direction in the design of accounting guidelines and methodologies to be used by all stakeholders involved in the financial accounting and reporting process
      • Ensure that the financial accounting team builds, improves, implements and coordinates the use of the reporting and period end timetable
      • Assist in driving best practices from a customer relations perspective
      • Provide expert guidance where needed to Group, SSH and Opco Executives
      • Provide guidance on accounting related matter in respect of unique or non-routine transactions
      • Ensure that financial accounting team provides services, support and guidance to SSH and group companies in line with best practices, SLAs and company standards
    • Operational
    • Financial reporting and support
      • Provide assistance to different group companies in preparing financial results in line with defined timelines and in line with accounting principles set and agreed
      • Provide regular and accurate reports on financial reporting related metrics, KPIs and other agreed goals to the General Manager, Financial Accounting
      • Lead and manage the consolidation of all financial reports for Group companies and Opcos as well as all reports to be discussed with General Manager, Financial Accounting
      • Review the consolidated financial report packs to ensure accuracy, relevance and compliance to regulatory requirements before publication and use
      • Responsible for the annual report, financial statements and other external financial and statutory reports for the Group consolidated results. The responsibility include that these reports are approved, are generated in time and in line with accounting regulations and specifications to satisfy both internal and external stakeholders
      • Request and implement guidance from the technical accounting team on technical accounting issues arising from adhoc complicated transactions such as Mergers and Acquisitions and / or changes in IFRS
      • Responsible for the implementation of any new accounting policy / regulations in the Group’s financial reporting in collaboration with the group technical accounting team
      • External auditors
      • Oversee the planning and management of the overall group interim and final audits from external auditors
      • Manage any internal audit processes that may be initiated by the Group BRM related to financial reporting
      • Consider and act based on audit differences highlighted and provide recommendations to senior management
      • Review and correction of audit issues highlighted by both internal and external auditors
      • Intercompany
      • Review, update and implement intercompany policies and procedures
      • Ensure that the intercompany hierarchy is correctly maintained in the operating systems of the group.
      • Collaboration/Coordination
      • Work in collaboration with the technical accounting team to review proposed accounting standards, perform impact assessments and help develop point of views on these proposals as they relate to the Company.
      • Liaise with other CoEs (Financial Accounting, Corporate performance management (CPM) to collate, review and approve the management discussion & analysis section of the financial reports and co-author commentary (management / EXCO / CFO / CEO)
      • Accountable for the coordination of efforts across the company (Group companies and Opcos) to ensure financial reporting is fully compliant to relevant regulations and standards are produced in time
      • Responsible for the design, implementation and maintenance of processes that will continuously improve financial accounting and reporting
      • Identify bottleneck in processes and formulate plan to improve efficiency in collaboration with stakeholders
      • Ensure teams collaborate with Quality Assurance and Internal Audit teams to perform periodic quality and process audits
      • Collaborate with SSH and Opco leaders to add and/or modify suite of services / support provided and develop standard accounting guidelines for use in financial accounting and reporting
      • Ensure management of master data elements and BI reporting
      • Lead transformational initiatives within Finance CoEs, as applicable and drive the required change
      • Managerial / Supervisory Responsibilities
      • Coach and mentor direct reports to ensure staff motivation is high
      • Ensure skill transfer for staff development, motivation, and business continuity
      • Ensure the team is led, motivated, and rewarded to achieve high performance areas
      • Guide and direct suppliers and third parties in achieving the company’s objectives
      • Identify staff training and development needs and implement necessary actions
      • Manage team (including recruitment, on boarding, attrition)
      • Set goals and objectives for direct reports, monitor progress, and maintain motivation
      • Set up appropriate structure to meet departmental management objectives
      • Provide an advisory function on governance and best practices in client experience

    Method of Application

    Send your application to https://www.linkedin.com/jobs/view/342369395

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