Management Accountant - Randburg at Mintek

Job description

KEY PERFORMANCE INDICATORS:

Management Accounts

• Draw and analyse management reports per allocated division
• Through analysis, ensure that all revenue and expenditure is processed to the correct GL accounts . Where incorrect postings are identified, investigate and correct through journalisation.
• Establish root cause of incorrect postings and take corrective action to avoid in future incidents.
• Perform monthly period-end procedures, and related analytical functions when required.
• Investigate budget variances and report to Mintek management.
• Compile monthly management packs for SBU’s inclusive of management accounting and project information as required.

Budget Management

• Provide financial input to divisions with annual budgeting and regular forecasting.
• Perform trend analysis per division to assist divisions in accurate budgeting. Advise SBU managers on common mistakes.
• Set-up of divisional budget templates and assist with all budget reviews by giving guidance to divisions and compilation of budget packs.
• Perform calculation of annual labour rates per division.
• Provide financial advice to SBU’s with determination of cost recovery rates.
• Control budget transfers on IFS (Opex vs Capex)
• Control and monitor the actual expenditure relating to CAPEX against budgeted CAPEX targets as well as handling issues arising from the CAPEX process related to management accounting and project issues.

Project Administration

• Ensure that the SAP Project Administration system is adhered to by reviewing and evaluating processes, ensuring compliance with SOP’s.
• Review individual project establishment through supporting documentation. After establishing compliance with SOP’s, release the project on the system.
• Evaluating and monitoring accuracy of projects through review of planning documentation and actual revenue/expenditure.
• Review monthly billing of projects and release to FI IFS.
• Monitor, reconcile and exercise control over SBU financial functions.
• Review revenue reserves for reasonability and perform sample calculations to ensure that revenue recognition is accurate.

Other

• Liaise and co-ordinate with auditors and SBU managers.
• Completion and submit statutory returns to the South African Reserve Bank and STATS SA.
• Regular feedback sessions with SBU managers regarding their financials and report to Head: Budget and Project Management.
• Assist with business improvement and cost reduction initiatives within business units.
• Liaise extensively with other departments in Finance and within larger company environment.

Minimum requirements

QUALIFICATION AND EXPERIENCE

• BCom Honours Degree or equivalent qualification
• 3 to 5 years’ experience in management and cost accounting environment
• Computer literacy (MS Windows, Word, Excel). IFS will be an advantage.
• Project Management experience is essential