Management Accountant Functions 1 (108072) at Sasol

Short Description / Purpose of Job

• A temporary project position with a contract duration until 30 June 2023. 
• Ensures effective, accurate and timely reporting to internal stakeholders.
• Support the cost and profit centre managers with financial analysis and intelligence in a proactive way.
• Provide a continuous input into financial and business decision-making at an operational level.
• Provide accurate and timeous financial and management accounting reports.
• Execution of financial related activities.
• Apply relevant policies, procedures and ensure compliance to internal controls.

Recruitment Description / Key Accountabilities

• Present and confirm the accuracy and completeness of SAP data.
• Prepare SAP journals to ensure correct cost allocation between GL accounts.
• Prepare detail cost information to enable the managing the costs/budgets.
• Prepare monthly analysis of cost centers' to identify areas of concern to be addressed.
• Generate detail monthly cost reports with variance explanations.
• Track and measure cost saving initiatives.
• Prepare and analyses financial information received for budgets and forecasts.
• Perform variance analysis of expenditure against budget, prior year and forecast.
• Support finance team (manager in preparing BU)/value chain results for budget presentations and quarterly BU Exco forecast presentations.
• Compare budget and forecast information between different areas to determine and establish best practices.
• Prepare monthly forecast for the BU /value chain.
• Maintain SAP structures to align with BU / value chain requirements and make budget changes accordingly.
• Prepare monthly cost reporting of the BU / value chain / area results.
• Provide detail information regarding price and volume variances.
• Calculates product cost using business assumptions.
• Evaluate completeness of monthly cost and create provisions & accruals were necessary.
• Prepare monthly reconciliations/schedules for GL accounts under their control.
• Reconciliation of monthly SAP and Management reporting results.
• Tracking of financial and operating results against KPIs to be reported.
• Prepare variance analysis of current results against annual budget, prior year and forecasts.
• Maintain cost and profit centre structure within SAP to ensure alignment with BU/value chain/area requirements.
• Identify and implement value adding initiatives to be adopted and supported by the business.
• Stay abreast of changes in legal/regulatory environment that could impact BU's.
• Report and influence the adoption of best practices across BU's.

Formal Education

• University Bachelor's Degree

Min Experience

• 4+ relevant years

Certification & Professional Membership

• None

Competencies

• Compliance: Understanding the rules, regulations, sanctions and other statutory requirements, guidelines and instructions relating to governing bodies and organizations, both internally and externally.
• Financial Management: Demonstrated knowledge and application of Financial Management, the strategic and functional management of the set of processes, customs, policies, laws, and institutions affecting the way the company's finances are directed, administered, and controlled.
• Integration: The consolidated view with various parts, circumstances, legislation, landscapes or aspects linked or coordinated.
• Partnering: The development and perpetuation of successful and mutually-beneficial relationships where customers and others become business partners with common goals, positive attitudes, cooperative work styles, open communications and team spirit.
• Reporting: The ability to access information from databases, forms, and other sources, and prepare reports according to requirements.

Closing Date: 14th,April 2022