Financial Officer – Management Accounting at South African Airways Technical (SAAT)

Job Purpose    

• A Management Accountant prepares, develops and analyses key financial information to ensure that an organisation's management makes well-informed decisions to ensure future stability, growth and profitability.

Principal Accountabilities    

• Budgeting and forecasting
• Align SAAT‘s financial budget to guidelines formulated by SAA corporate.
• Co-ordinate and assist SAAT Management with annual budget and forecasting process.
• Evaluate budget with cost centre managers.
• Consolidate budget per business unit
• Load the approved budget for the entire company on the SAP.
• Perform post budget analysis to ensure effective cost control and reliable activity base rates.

Variance Analysis

• Prevent incorrect postings
• Review monthly Operating costs against budget.
• Month-end reporting of cost centre costs to Managers.
• Variance analysis on all deviations - on income, expenditure and activities.
• Discuss business unit performance at the month end meeting.
• Correct all incorrect entries posted within a cost centre in order to conduct meaningful analysis of variances.

Reporting

• Perform monthly, quarterly and annual reporting of cost centre costs and profit centres to GM’s and Managers in terms of plan / actual.
• Report on all deviations from plan.
• Compare Forecast against actual and planned events and then report on all deviations.
• Project and business plan appraisals for ad-hoc projects
• Assist the business units with the costing, evaluation and appraisal of their projects.
• Monitor the actual project performance against plan and report on progress.
• Make recommendations for improvements where appropriate.
• Financial evaluation and analysis of all tenders.
• Attending operations meetings weekly per areas.
• Prepare the labour productivity report

Costing and Systems

• Assist Business units with costing of their activities
• Raise and manage accruals to optimise the cost flows within the business;
• Maintain tables in CO/PCA Module within SAP and related interfaces to ensure
• o reliable information to facilitate timeous month –end and compilation of reports
• Perform the month-end financial process with regard to settlement of order’s
• Perform correction action for all incorrect entries posted within cost centres in
• o order to conduct meaningful analysis of variances;
• Raise and manage Revenue reserves to optimise the cost flows within the
• o business.
• Product profitability analysis of projects.
• PCA creation and maintenance
• Run monthly settlements procedures
• Cost centre structure creation and maintenance
• SAP tables maintenance
• Assist with interface errors between SAP AMOS

Payments

• Review all expenditure authorisations to ensure that expenses are valid and are within budget.
• Approve payments as per Delegation of Authority.
• Ensure that expenses are paid in a timely manner.
• Ad-hoc
• Co-ordinate staff movement between business and HR
• Attending operations meetings weekly per area.
• Coordinate training with the Finance Department
• Prepare the labour productivity report

Qualifications & Experience    

• Diploma in Cost and Management Accounting (Essential)
• B-Com Degree (Advantageous)
• 3 years Finance experience  (Essential)
• 10 years Management accounting experience (Advantageous)
• SAAT IT Systems used (1 year)
• Knowledge of the business (1 years)
• Knowledge and Skills    
• PFMA
• Companies Act
• IFRS
• Financial reporting tools e.g. SAP, Oracle etc.
• Budgeting tools
• Inventory and logistics management systems e.g. Amos etc.
• Microsoft Office
• Communication
• Proactive, decisive and assertive

Attributes    

• Analytical Thinking
• Conceptual Thinking
• Information Seeking
• Achievement Orientation
• Initiative
• Organisational Awareness
• Impact and Influence
• Teamwork and Cooperation
• Customer Service Orientation
• Integrity

Closing Date    
2026/03/16