Transnet is the largest and most crucial part of the freight logistics chain that delivers goods to each and every South African. Transnet freight rail has approximately 38 000 employees, who are spread throughout the country. Transnet Limited, operating and controlling South Africa’s major transport infrastructure, is also responsible for ensuring that the country’s transport industries operate according to world-class standards. Transnet forms an integral part of the Southern African economy.
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To ensure that the accounting records are processed and reported as laid down by the accounting principles, statutory bodies, and Transnet policies.
Position Outputs
Month end and General ledger Recon Processing (park/post) of accurate and proper accounting journals in the SAP general ledger according to IFRS. Prepare and processing of month end Accruals Journals. Monthly reconciliation of general ledger recons and reports that are under responsibility of financial accounting function. Prepare and processing of correction Journals approved by financial manager. Prepare the journal entries for adjustments due to misallocations. Assist with Internal and External Audit request. Identify, implement, and establish GL accounting initiatives to optimize financial performance. Monitor/split operating expenses per profit and cost centers Ensure proper accounting of VAT
Cash Flow forecast: Prepare monthly rolling cash flow forecast. Monitor and analyze weekly cash flow to ensure accurate forecasting. Fixed Assets: Coordinate and preparing regional fixed assets report and financial managers and regional management review. Maintain Regional asset count reports and ensure that all assets are tagged and are properly accounted for Casting the income received in advice recon for allocation and review. Compile CWIP account for the region for review, coordinate and submit all completion certificate to corporate office for capitalization. CWIP liability- prepare CWIP accruals Maintain tax asset register for the region.
Intercompany Transfer: Receiving incoming Intercompany creditors review and send to cost center managers for approval. Compile a list for approval and confirmation. Processing (park/post) Intercompany journals
Qualifications and Experience
Relevant tertiary Qualification (NQF/6) Advanced Diploma in Accounting Transnet Supervisory Development Programme (Advantageous) Min 5 years’ applicable experience Supervisory experience (Advantageous).
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