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 support the Group-wide (i.e. includes the Operating Divisions) financial accounting reporting in terms of statutory and International Financial Reporting Standards on a monthly, quarterly, half-yearly and annual basis.
Position Outputs
Prepare the Group’s reporting consolidation with relevant finance managers across divisions, provide the development of changes required and ensure that all additional reporting requirements, in terms of International Financial Reporting Standards, the Companies Act and management accounting/budget system are implemented, including monitoring the process and inter-company balances.
Prepare Transnet’s notes to the financial statements for International Financial Reporting Standards and the Companies Act reporting purposes, implement timeliness and accuracy of the notes to the financial statements, including: - Discuss and agree accounting standard and business requirement changes with senior management, the Group Technical team (and external auditors, if applicable) prior to implementation. - Implement accounting standard and business requirement changes into the Business Warehouse consolidations system (with IT support), resulting in updates of notes to the financial statements.
Engagement with external auditors on the audit of the Group consolidation. Continuous monitoring to improve timeliness and accuracy of the Finance Team and EXCO Team financial reports, specifically the Group income statements, statement of financial position and cash flows, analysing deviations with the relevant finance managers, across divisions, ensuring that the Company’s financial results are accurately reported on, from an external reporting, management reporting and statutory reporting perspective.
Prepare Transnet’s National Treasury Grap AFS financial reporting with the relevant notes, including continuous development and enhancement to improve the timeliness and accuracy of the reports.
Prepare quarterly STATSSA and SARB reports accurately and timeously and implement innovative ideas to enhance the preparation of these reports.
Prepare the GMTN Base Prospectus, supplements and quarterly updates accurately and timeously and implement innovative ideas to enhance the preparation of these reports.
Define own performance goals and monitor new ideas generated from manager and peers within the division, identify training and coaching needed in order to upskill specialist areas for oneself and manage the development of trainee accountants by training, coaching and identifying weaknesses and strengths.
Create working relations with the other divisions/departments and build positive business relationships with peers and specialists to ensure that commitments are delivered within appropriate timeframes, including assisting with ad-hoc requests from the Office of the GCFO and other ad-hoc requests from the Group that require Group Reporting’s input/completion.
Qualifications and Experience
CA(SA) is required
Reporting experience is an added advantage
Requirement of Trust and Honesty in the handling of Finances as per the National Credit Act Amendment 19.
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