Management Accountant at South African Bureau of Standards (SABS)

Minimum Requirements

Qualifications 

• Diploma + Advanced Diploma / B-Degree in Accounting, Management Accounting, Finance, Economics or related field (NQF level 7)
• CIMA / CA(SA) registration is essential

Work Experience

• 8 years relevant work experience in Management Accounting
• 4 years specialist experience
• Proven track record of preparing financial reports for Senior Management, Exco and National Treasury level
• Proven track record of planning, budgeting, forecasting and financial analysis

Duties and Responsibilities

Functional Management

• Prepare value-adding strategic financial reports as required by management, EXCO, the Department of Trade and Industry, Board, National Treasury and specialized strategic projects.
• Analyse, investigate and reallocate various income and expense account transactions, as required.
• Draw reports from the relevant system for the preparation of financial statements such as income statements and capital expenditure, other related reports and statutory reports.
• Analyze financial performance data and contribute to monthly and quarterly business planning and forecasting.
• Monitor and report on financial performance against targets and propose corrective action.
• Provide financial input in various strategic projects when involved and as requested.
• Assist with development and implementation of pricing models and strategies for the SABS.
• Perform ad hoc financial strategy activities as and when required by management
• Monitor the accuracy and completeness of invoiced amounts for revenue generating business units within the allocated divisions.
• Ensure that monthly financial reports are accurate by accruing for all unrecorded financial transactions in the correct general ledger period.
• Implement the agreed Financial Strategy Function Digitisation Work Packages.
• Develop and maintain automated reports where relevant to support business optimisation.
• Review the royalties’ reconciliations including the associated automation process.
• Perform trend and variance analyses on key revenue and expenditure items.
• Coordinate and facilitate the preparation of the annual budget and quarterly forecast submissions for divisions. • Engage with management of the various divisions and business units to initiate the budget process and review budgets for submission to the relevant superiors.
• Engage with the Executive team on budget submission and gain approval for budget allocations.
• Provide consistent feedback to business on the progress of the CAPEX and OPEX process.
• Review and sign-off capex motivations submission and assist business unit managers with financial and feasibility analysis.
• Review, advise and release requisitions on budget hold for both CAPEX and OPEX.
• Participate in CAPEX cross function sourcing teams as set up by procurement for reviewing submissions and selection criteria.
• Research relevant revenue projects and engage with stakeholders on the implementation of specialised projects.
• Manage revenue projects to ensure accurate and complete revenue recognition within scope of control, where required.
• Provide support in costing for small projects and provide advocacy in order to make key business decisions. • Support the organisation in the submission of tenders and provide advocacy to the business on relevant and required pricing.
• Provide support to business unit managers, programme managers, general managers and Executives to assist in making financial decisions based on sound finance data and analyses.
• Provide advocacy to managers on the financial and non-financial implications and consequences of business decisions and actions to improve financial performance.
• Perform any ad hoc Financial Strategy activity as required, within scope of control

Risk and Compliance Management

• Assist in identifying and adhering to fraud controls, risk prevention principles, sound governance and compliance processes, and tools to identify and manage risks.
• Support and provide evidence to all internal and external audit and regulatory requirements.
• Maintain quality risk management standards in line with ISO and regulatory requirements.
• Maintain and enforce all related Service Level Agreements to minimise business risk and ensure business continuity.
• Adhere to all relevant laws, policies and Standard Operating Procedures throughout the organisation.

Stakeholder Management

• Build and maintain effective internal and external stakeholder relationships for the purpose of expectations management, knowledge sharing and integration, and to manage the organisation’s reputation.
• Represent and participate in the organisation’s committees and tasks teams when required.
• Convene and attend meetings and present relevant information stakeholders when required.
• Ensure efficient communication with all relevant stakeholders.
• Ensure the provision of excellent customer service.
• Resolve queries and problems within span of control and within agreed time frames.
• Follow up on unresolved queries and complaints where required.
• Liaise with relevant stakeholders regarding follow-up of information, as required