Assistant Manager: Management Accounting at Armscor

Job Description:

• To provide project-specific financial management and accounting services by managing budgets, cost control, reporting, and payments to support the successful execution of maintenance, upgrade, and refit projects of SA Naval Vessels.
• This role ensures alignment with Armscor's financial policies, PFMA regulations, and project objectives, while also ensuring timely payments and communicating invoice discrepancies to service providers.

Duties Responsibilities:

• The incumbent will be responsible to perform the following functions but not limited to;
• Manage project budgets, expenditure, and cost control to ensure alignment with approved funding.
• Prepare and maintain project budgets, forecasts, cash flow projections, and financial models.
• Monitor budget performance against actual expenditure and analyse variances.
• Reconcile project budgets, commitments, and general ledger accounts accurately.
• Prepare financial journals, accruals, adjustments, and budget submissions.
• Provide financial reporting, variance analysis, and funding insights to management and stakeholders.
• Process and validate supplier and contractor payments in compliance with organisational policies.
• Review invoices, claims, and supporting documentation to ensure accuracy and correct funding allocation.
• Liaise with suppliers, contractors, and project teams to resolve payment and invoice discrepancies.
• Support audit processes, funding reconciliations, and project financial compliance reporting.

Qualifications:

• B-Tech/B-Degree in Financial Accounting/ Financial Management/ Management Accounting/ACCA/CIMA or similar Registration with the following professional bodies will be an added advantage:
• SAIPA (South African Institute of Professional Accountants)
• SAICA (South African Institute of Chartered Accountants)

Experience:

• Minimum 5 years post-qualification experience in Accounting and Auditing
• Minimum of 3 years management experience

The following is an added advantage

• Experience in the defence or public sector environment