Accountant Budget And Planning - Durban, at Durban University of Technology

Minimum Requirements:

• B Degree in Accounting or any other relevant qualification (NQF Level 7)
• 6-8 years of Experience in Accounting
• 5 years of Management Accounting
• Advanced accounting knowledge
• Demonstrated ability to accurately draft annual budgets.
• Knowledge of International Financial Reporting Standards (IFIRS) and Accounting Standards
• Knowledge of costing strategies and financial modelling
• Advanced proficiency in MS Office
• Knowledge of accounting management systems
• Knowledge of BI reporting and other financial reporting tools
• Demonstrated ability to conduct financial and scenario planning.
• Understanding of the Higher Education environment

Summary of Duties:

• Review and update the financial affordability model in collaboration with the Manager Management Accounting.
• Co-ordinate, compile and communicate the relevant aspects of the annual budgets in collaboration with the Manager Management Accounting.
• Draft and communicate budgeting schedules and ensure adherence to these schedules.
• Co-ordinate input from different departments / divisions.
• Monitor that all budgets are aligned to the DUT business strategy, financial parameters, policies and procedures.
• Monitor the accurate capturing / loading and maintenance of budget data on the system.
• Maintain the Residence and SRC budgets on the system.
• Implement the approved budgeting process and monitor compliance monthly.
• Monitor the correct allocation of accounts and cost centres in accordance with the budgetary provisions.
• Verify systems updates to accurately reflect accounts, cost centre and general ledger updates.
• Assist with the creation of new accounts and cost centres if required.
• Communicate new accounts and cost centres to relevant stakeholders.
• Monitor overall expenditure of all faculties/divisions and report overspending to the Manager Management Accounting as well as the relevant Deans and/or Heads of Divisions.
• Prepare accurate and complete monthly and quarterly management reports for submission to Manager Management Accounting within the stipulated deadline and any other ad hoc reports as requested by management.
• Respond to internal stakeholders in a timely and courteous manner by providing accurate and comprehensive information.
• Provide and support to internal stakeholders regarding the budgeting process and the availability of funds.