Management Accountant (EE) LDC at Steinmuller Africa

Main Purpose:

• The Management Accountant provides accurate and insightful financial information to support operational and strategic decision-making within the organisation. The role includes management reporting, costing, budgeting, forecasting, tax support (including company tax), cash flow forecasting, compliance, and group financial coordination.

Key Performance Areas include:

Financial Reporting

• Prepare monthly management accounts with detailed variance analysis.
• Compile performance dashboards for senior management and operations.
• Produce job-level, workshop-level, and cost centre profitability reporting.
• Prepare month-end journals (accruals, provisions, depreciation, adjustments).
• Support quarterly and annual financial reporting cycles.

Group Financial Reporting

• Prepare reporting submissions for Group consolidation.
• Align reporting with Group policies, charts of accounts, and deadlines.
• Reconcile and submit intercompany transactions.
• Provide Group with variance explanations and supplementary schedules.
• Ensure consistency and accuracy in Group reporting formats.

Budgeting and Forecasting

• Assist in development of annual budgets for the business.
• Prepare rolling 12–18-month forecasts and scenario models.
• Review operational inputs from workshop, procurement, and sales teams.
• Identify budget deviations and recommend corrective actions.

Treasury

• Take responsibility for the entire cash management process.
• Ensure effective cash flow and net liquidity management.
• Liaise with the bank relationship manager and other stakeholders and manage banking relationships and processes impacting payment execution.
• Ensure controls around bank platforms (user access, payment templates, limits, signature mandated guided authorisation, audit trails) are implemented and reviewed periodically.
• Oversee the timely and accurate processing of payments to vendors.
• Monitoring cash inflows from key customer accounts
• Cash Flow Forecasting.
• Prepare accurate weekly and monthly cash flow forecasts.
• Incorporate, at a minimum: Receivables: expected invoice timing, customer payment behaviour, Eskom payment cycles.
• Payables: creditor terms, large supplier commitments, subcontractor milestones.
• Capex: planned and approved capital expenditure.
• Current assets: inventory movements, WIP levels, deposits, prepayments.
• Bank facilities: overdrafts, revolving facilities, utilisation forecasts.
• Identify cash risks and propose mitigation measures.
• Work with operations and procurement to validate incoming and outgoing cash assumptions.
• Provide early warning of possible liquidity pressures.

Costing and Job/Project Analysis

• Maintain accurate costing models for valves, spares, labour, machining and subcontracting.
• Analyse job cards, WIP, labour bookings, material consumption, and overhead allocations.
• Monitor job profitability and identify cost overruns or leakage.
• Verify BOM accuracy for repair jobs and new valve builds.
• Conduct cost-to-complete reviews for service projects and long-running jobs.

Tax Responsibilities

• Ensure compliance with all applicable tax laws and regulations.
• Ensure timely completion, filing, and submission and payment deadlines of any tax returns.
• Provide guidance to the business on any transactions with tax implications, ensuring correct treatment and risk mitigation.
• Ensure accurate tax computations and well-supported estimates, staying with relevant legislative changes.
• Remain up to date with changes to the most relevant tax legislation applicable to the business and train supporting departments with any changes to be affected through transactional records.

Indirect Tax (VAT, payroll taxes)

• Prepare VAT workings and reconciliations for review.
• Ensure correct VAT treatment on sales, repairs, exports, and cross-border transactions.
• Support EMP201/EMP501 payroll tax reconciliations.

Direct Tax / Company Tax

• Assist in preparation of corporate income tax supporting schedules.
• Maintain tax computation files for auditors and external tax consultants.
• Ensure timing differences, permanent differences, and deferred tax impacts are identified.
• Maintain compliance with SARS requirements and assist during tax audits/queries.
• Track and maintain provisional tax schedules and payment timetables.

Regulatory and Statutory Compliance

• Support compliance with IFRS principles (as required for management reporting and Group submissions).
• Maintain documentation for statutory audits, internal audits, and BBBEE verifications.
• Support adherence to the Companies Act, financial policies, and internal controls.
• Maintain control registers (capex, fixed assets, delegations, governance registers).
• Ensure financial governance procedures are consistently implemented.

Annual External Audit and Internal Audit Support

• Prepare audit schedules and supporting documentation.
• Provide explanations, reconciliations, and evidence for audit queries.
• Assist in ensuring timely completion of audit deliverables.
• Implement corrective actions arising from audit findings and control reviews.

Operational Finance Support

• Conduct margin and cost analyses for workshop, procurement, and sales teams.
• Support tender and quotation reviews with validated financial assumptions.
• Monitor PPV (purchase price variance) and supplier performance.
• Assist with stock control, stock counts, and inventory valuation.

Supervisory / Coordination Responsibilities

• Provide oversight and guidance to AP/AR/Cashbook Administrators.
• Review reconciliations prepared by junior finance staff.
• Ensure month-end cut-off and reporting accuracy.
• Provide training and mentorship where required.
• Any other job-related duties as required from time to time.

Risk Management

• Facilitate the application and maintenance of insurance policies and bank guarantees.
• Manage all insurance claims processes effectively.
• To identify opportunities to reduce insurable and non-insurable risks.
• To optimise the best possible risk to coverage ratio in the best interest of the company.

Other:

• Manage and report on any special projects as assigned, including turnaround initiatives, cost optimisation and process redesign.
• Provide ad hoc financial analysis and leadership support aligned to business priorities.
• Ensure effective and compliant document management system for department.
• Recruit, manage the performance, train, develop and retain Human Capital to achieve above objectives being mindful financial talent pipelines and BBBEE requirements.
• Design, implement and monitor key internal controls designed to minimise the risk of fraud and error in key operational cycles.

Competencies:

• Detail-oriented with high accuracy.
• Strong communication and stakeholder engagement skills.
• Analytical mindset; able to challenge operational data.
• Professional integrity and confidentiality.
• Deadline-driven under pressure.

Preferred Requirements:

• Com. Accounting or B.Com. Finance degree.
• CIMA or SAIPA would be advantageous.
• 3 – 6 Years’ experience in accounting, costing or management accounting.
• Experience in engineering/technical/manufacturing or workshop environments.
• Exposure to Group reporting and consolidated submissions.
• Experience with tax schedules and year-end audit packs.
• Computer literacy (MS Office).