Manager, Finance at Exxaro Resources

Job description

QUALIFICATION:

• Chartered Accountant (CA) (Essential/Minimum)
• Management Development Programme (Essential/Minimum)

EXPERIENCE:

• 8-10 years Relevant Financial / Accounting with Completed Articles; Accounting for Treasury related activities; Interpreting Accounting standards / Companies Act; Listed Concern; Complex group structure; HFM, SAP and SEC regulation. (Essential/Minimum) (Operational)

REQUIREMENTS

• SA Institute for Chartered Accountants (Essential/Minimum)
• Chartered Inst of Mng Acc (CIMA) (Recommended/Desirable)
• Institute of Comm & Fin Accountants SA (Recommended/Desirable)
• Registered with Professional Body (Recommended/Desirable and/or)
• Registered with Professional Body (Recommended/Desirable)

BUSINESS PERFORMANCE AND OPERATIONS

• Implement all financial reporting Frameworks, methodologies and models to Corporate Centre as guided by Group policy
• Keep abreast of new leading practices in Financial Reporting, incl. tax policy changes and liaise with relevant stakeholders to ensure general tax policies and regulations are executed
• Analyse the Corporate Centre's financial accounting needs and advice accordingly
•  Prepare the half year and Annual Reports and manage the internal and external review for these documents
•  Report on Corporate Centre's assets and liabilities and review of intangible assets
•  Ensure compliance with all financial regulations
• Manage communications with external auditors on accounting issues to ensure auditor agreement with Corporate Centre's decisions on accounting disclosures, and issues
•  Assist in the coordination of annual audit and interim review activities of external auditors
• Create, implement and maintain comprehensive Corporate Centre's accounting policy documents to improve clarity and consistency
•  Implement and maintain reporting procedures to comply with internal control requirements
•  Perform continuous assessment of the close process and process re- engineering to reduce the timing to close the financial period
•  Support month end and year end closing, Record intercompany loans, Charge corporate overhead, Charge payables, Charge payroll expenses, Complete adjusting entries, investigate asset, liability, and equity interest balances, review subsidiary financial statements, eliminate intercompany transactions, Review parent financial statements, Record income tax liability, Close subsidiary books, Close parent company books, Issue financial statements.
• Report on company assets and liabilities including balance sheet account reconciliations and review of intangible assets
• Key performance metrics and SLA's and other initiatives associated with Performance Reporting
• Participate in other projects as required.

COMPLIANCE, GOVERNANCE AND ASSURANCE

• Ensure all financial reporting related services are delivered in accordance with policies, systems and procedures that are legally compliant and adhere to sound corporate governance principles
• Monitor risk within the Financial Reporting Department as well as across Group Finance Department
• Ensure all business operations and the Financial Reporting department, adhere and comply with financial reporting corporate governance, statutory, legal and other requirements
• Facilitate the implementation of new International Financial Reporting Standards (IFRS) or any other applicable accounting frameworks standards within group

CROSS-FUNCTIONAL COLLABORATION

• Support and collaborate with other functions in an effort to better the processes of Exxaro in areas where applicable
• Make decisions regarding operational business & service delivery
• Integrate Transactional Finance service teams to ensure alignment of end-to-end process execution

CUSTOMER AND CLIENT RELATIONSHIP MANAGEMENT

• Provide specialised technical advisory support service across different levels within organisation
• Maintain relationships with customers to promote department and overall company image (For example: auditors, Financial statements publishers, BU Financial Managers).

FINANCIAL MANAGEMENT

• Utilise financial resources optimally and ensure service delivery within budget
• Ensure budget targets are achieved
• Ensure that the posting and reconciling of intercompany transactions, processing of GL queries, processing of internal orders, processing of journal entries, processing of period end adjustments, is appropriately accounted for
• Assist with establishing and publishing financial policies, performing cost analysis and reporting, managing interfaces, producing regulatory reports and establishing and communicating receivables policies and procedures

FINANCIAL PERFORMANCE

• Execute and implement Corporate Centre Financial reporting; Management Reporting; Planning, Budgeting and Forecasting, Key performance metrics and SLA's and other initiatives associated with Financial Accounting reporting
• Implement all International Financial Reporting Standards (IFRS) or any other applicable accounting frameworks requirements relating to projects
• Implement and track project financial controls and processes.

FUNCTIONAL EXCELLENCE

• Adhere to functional policies, standards, guidelines, procedures, end- to-end processes, tools, templates etc.
•  Standard, simplifying and improving functional processes, eliminating duplication/bureaucracy.
• Apply functional best practices, promote sharing of best practices/knowledge.
• Assist in the execution of functional excellence initiatives.

FUNCTIONAL MANAGEMENT

• Ensure function adheres to Exxaro governance, policies, standards, statutory and legal compliance.
• Entrench a culture of discipline and fairness.

INTERNAL BUSINESS PROCESSES

• Perform and ensure all financial accounting processes within group are performed within governance processes requirements
• Adhere to group set strategy and targets relating to cost management as well as other performance measures
•  Present monthly cost centre performance analysis against approved budget
• Identify service performance improvement opportunities

PEOPLE MANAGEMENT

• Adhere to group performance management policies and procedures.
• Uphold the Exxaro culture and values within the function. Foster a climate of effective teamwork and unity (High Performing team culture).
• Develop, implement and maintain financial accounting talent management development and mentor program that will facilitate improvement of all financial reporting staff's competency index Clarify roles/responsibilities and expectations.
• Define individual performance standards, monitor and measure performance, reward and recognise high performance.
• Apply consistent performance and consequence management, take prompt action against non-performance.
• Actively manage talent through regular assessment of employees’ strengths, development needs and development progress.
• Provide ongoing mentoring, coaching and development feedback to employees.
• Manage functional talent pipeline and succession planning process. Promote culture of continuous learning. Encourage and empower team to make decisions.
• Embody, translate and entrench Exxaro culture and values in function, address behaviours that undermine values.
• Proactively address conflicts, initiate difficult conversations.
• Create an environment of accountability and trust.

SAFE AND HEALTHY WORK ENVIRONMENT

• Maintain and ensure a healthy environment, safe operations practice, ensuring compliance with all applicable SHE policies procedures in line with set standards
• Encourage a culture that focuses on safety in all activities.

TAX MANAGEMENT

• Ensure tax packs are prepared in accordance with the specifications of the tax department
• Keep abreast with tax policy changes and liaise with relevant stakeholders to ensure general tax policies and regulations are executed within designated area.

TREASURY ACCOUNTING AND REPORTING

• Analysing and reporting on treasury financial accounting issues and maintain relevant general accounting policies and procedures relating to treasury accounting
• Ensure the appropriate accounting reporting standards are adhered to when reporting on treasury transactions.
• Ensure the efficient reporting of:

• all treasury transactions;
• cash flow management and forecasts;
• embedded derivatives where applicable;
• intercompany loan accounts (including back to back *interest bearing loans) accounting;
• financial instruments accounting in respect to preparing hedge documentation.

• Advise on treasury transactions within the ambit of the accounting standards;
• Actively pursues the exchange and preservation of information between operations and individuals to facilitate effective knowledge management according to organisational objectives.
• Report the required data to SARB and other government departments (where applicable) on a quarterly basis or as and when required.