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  • Posted: Sep 3, 2020
    Deadline: Not specified
  • Oasis is a diversified wealth management company focused on delivering real value to its investors over the long term. The company provides services relating to asset management and financial advice. It also offers a wide investment product range that includes, discretionary savings, tax incentivised products, retirement funds, longterm insurance products...
    Read more about this company


    Financial Reporting Manager

    Financial Reporting Manager

    Job Description

    Property Accounting

    •  Ensuring that the company complies with the JSE listing requirements;
    • Maintaining relationships with the CSDP, monitor the shareholder register and submit the reports to the executives;
    • Ensuring the team loads lease data correctly on MDA so that the revenues and the recoveries are properly accounted for;
    • Must have a thorough understanding of the MDA system and its management reports and is required to suggest enhancements to the reports to optimize management reporting;
    • Must have a full understanding of the interim and year end procedures and the productions of the interim and annual financial reports;
    • Maintaining budget and forecast for both revenue expenditures and capital budget;
    • Preparing a reports based on multi-currency scenarios and recommend the management of currency risk through different exposures;
    • The Employee will take full ownership to ensure that all accounting systems are kept up to date and the data is maintained and kept relevant all time;
    • Ensuring the systems are used efficiently and ensuring work is not done outside the system;

    Ensuring you become fully proficient in the various systems used in the preparation of financial reports, and the systems used to generate the information used in the preparation of financial statements, such as:

    1. Sage X3;
    2. MDA;
    3. Caseware;
    4. Pastel;
    • Ensuring compliance with applicable accounting and corporate policies and ensure that entries are recorded in compliance with the policies and accounting standards;
    • Implementing and ensuring adherence to internal control processes;
    • Monitoring the month-end close and the preparation of month-end management accounts;
    • Ensuring financial statements are generated for the holding companies, operating companies and all affiliates;
    • Interacting with external auditors at the time of audit;
    • Ensuring that all tax submissions are done on time and accurately;
    • Ensuring controls over Fixed Assets records and reporting;
    • Familiar with a variety of accounting concepts, practices, and procedures.
    • Ensuring completeness, accuracy, time lines, accessibility and consistency objectives are met and that the books comply with accounting policies and procedures;
    • Identifying and recommending necessary changes in financial policies and procedures to optimize effective and efficient reporting:
    • Maintaining operational policies and allocation of responsibility;
    • Accounting Professional to provide detailed daily reporting after proper review and analysis, to allow him to report effectively;
    • Using automated processes and systems.
    • Working with the Accounting Team leaders to manage workload and allocation of staff;
    • Ensuring that there are adequate programs in place for staff training and education;
    • Continuously reviewing the processes and suggest necessary improvements to extract maximum efficiencies;
    • Supporting training and on boarding processes as appropriate;
    • Supervising the function within the department for which they are responsible for, being general accounting, property accounting, cost accounting, and budgetary controls.
    • Ensuring that detailed processes are in place;
    • Monitoring and managing adherence to the process;
    • Reviewing all aspects of the process and not only review the end product;

     Financial Reporting

    • Submitting accurate and complete budgets and forecasts on a monthly basis by the last day of the month;
    • Submitting detailed cost analysis reports with cost analysis projections on a quarterly basis;
    • Preparing cost control reports and variance analysis;
    • Ensuring that reports are prepared and submitted timeously, are accurate and of quality nature;
    • Ensuring that monthly, quarterly, semi-annual and yearly compilation of the financial statements are completed on time;
    • Ensuring that financial information received from various departments is reviewed and checked before submission to the CEO;
    • Ensuring that the preparation of monthly management accounts with detailed analysis is completed and submitted within the desired deadlines:
    • Ensuring that reports to the Board Meeting, Audit Committee, Operations Reporting Meeting, Head of Department Meeting and department meeting are of good quality and accurate and they are submitted on time;


    • Ensuring that cash budgets and forecast cash flow positions are prepared on time;
    • Maintaining banking relationships and negotiate terms with banks under the strict supervision of the executive directors;
    • Ensuring that capital adequacy requirements of the various group companies are maintained and performing a detailed review of the calculations and the accuracy thereof to ensure that the group meets its capital adequacy requirements;
    •  Ensuring that sufficient reserves are maintained for short and long term liabilities;
    • Preparing analysis of short and long term planning the liquidity requirements of the group and ensure that a review of future cash flow requirements is based on accurate projections. An Accounting Professional is expected to interrogate the source data and cannot utilise information received from internal sources / departments without verification;
    • Ensuring that sufficient funds are available to meet ongoing operational and capital investment requirements;
    • Maintaining a system of policies and procedures that impose an adequate level of control over treasury activities;
    • Preparing reports based on multi-currency scenarios and recommend the management of currency risk through different exposures;


    • Ensuring that the company tax affairs are up to date;
    • Keeping up with the all the regulatory changes and ensure that the changes are update;
    • Preparing and update the company tax monitors;
    • Providing training to the other colleagues when required;

    Reviewing company tax computations and returns throughout the group including:

    • Individual Tax;
    • Corporate Tax;
    • Capital Gains Tax;
    • Dividend Withholding Tax;
    • Donations Tax;
    • Trusts Tax;
    • Foreign Tax / Tax Treaties;
    • Deferred Tax;
    • VAT;
    • PAYE and Fringe Benefits;
    • Estate Duty;
    • Securities Transfer Tax;
    • Transfer Duty
    • Capital Gain Tax;
    • Other, including Tax Clearance Certificate;


    • Ensuring that the processes are automated and where any development is required coordinate with the relevant departments to achieve that objective;
    • Ensuring that mapping on various systems is accurate and integration and data sharing is done properly to ensure accuracy and reliance on the data;
    • Creating, implementing and monitoring processes and procedures around the creation of monthly forecasts;
    • Preparing periodic financial statements, including profit and loss accounts, budgets, cash flows, variance analysis and commentaries;
    • Developing and implementing finance and accounting procedures;
    • Establishing and maintaining appropriate internal controls;
    • Interacting with other managers to provide support through financial and management information analysis, reports, and recommendations;
    • Monitoring and evaluating financial information systems;
    • Establishing and implementing short and long range departmental goals, objectives, policies, and operating;
    • Formulating a business plan for the accounting function (including all sub-functions) in order to ensure the effective management of the group;
    • Contributing to medium and long-term business planning;
    • Advising on the financial implications and consequences of business decisions;
    • Ensuring records are maintained in accordance with generally accepted auditing standards;
    • Developing and direct the implementation of strategic business and/or operational plans, projects, programs, and systems;
    • Any other tasks that may be required by the Company from time to time

    Reporting Structure

    • Report to the CFO

    Qualification Requirement

    • Chartered Accountant.

    Minimum Experience in years & Skills

    • Completed articles with a globally reputable Audit Firm.
    • Registered CA (SA) having passed the Board Exams at 1st attempt.
    • 0 to 5 years of post-qualification experience.

    Competencies (Attribute & proficiencies, soft-skills)

    • Excellent communication, reporting and interpersonal skills, verbal and written.
    • Ability to work well by oneself as well as in a team. Strong ability to solve problems and suggesting re-engineering methodologies to increase efficiency.
    • Cautious and diligent approach to daily tasks.
    • Capability to effectively multitask.
    • Ability to work well under pressure.

    Method of Application

    Interested and qualified? Go to Oasis Crescent on to apply

    Note: Never pay for any training, certificate, assessment, or testing to the recruiter.

  • Send your application

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