Management Accountant at The South African Broadcasting Corporation (SABC)

Main Purpose of the Position

• To develop, manage, and maintain efficient and effective financial services to the business units that will achieve the current financial strategy through planned and effective processes.

DUTIES AND RESPONSIBILITIES:

DEVELOPMENT AND IMPLEMENTATION OF STRATEGY

• Optimize the function of Financial Accounting to achieve maximum efficiency and service levels to provide accurate and timeous financial information for management to make informed decisions.
• Preparing and reviewing the radio station’s monthly financial report,
• Analyze actual income and expenditure.
• Reviewing reconciliations and taking corrective action timeously.
• Coordinating with radio stations to compile annual budget and forward future planning.
• Ensure the processing of financial transactions with adherence to SABC’s financial policies and accounting procedures.
• Review and action requests from internal and external auditors.
• Perform ad-hoc financial investigations.
• Assist, drive, or participate in projects as they occur during the financial year or any ad hoc requests from the financial manager.

BUSINESS OPERATIONAL EFFICIENCY

• Process data into the financial system to reflect correct and accurate reports
• Manage the General Ledger Book
• Management and Administration of Capex
• Maintain Fixed Asset Register
• Management of monthly General Ledger Reconciliation and clearing of GL accounts
• Prepare monthly Creditors Reconciliation
• Prepare month-end and ad-hoc reports
• Cash Management
• Authorizing Freelance payments.
• Check and approve personal claims.
• Reviewing and approving purchase requisitions
• Review and approve trade exchange requests
• Approving sundry payments
• Ad hoc requests from management and clients (internal and external)
• Management of contracts (Writers and freelance, etc.)
• Management of Trade Payables and Trade Receivables
• Settlement of all travel and operational advances
• Prepare and post monthly provisions and accruals journals

GOVERNANCE RISK AND COMPLIANCE

• All financial transactions to comply with IFRS, legislation, the delegation of Authority framework, and SABC policies and procedures
• Responsible for overseeing the filing and storage of all financially related documentation
• Management of risk
• Provide advice and guidance to stations with finance processes and policies.
• Provide reports on deviations in policies, i.e., payment without contracts
• Ensuring adherence to policies and procedures of all financial transactions.

STAKEHOLDER MANAGEMENT

• Alert management of any discrepancies
• Liaise with Stakeholder Management on ad hoc finance requests
• Communicate with internal and external stakeholders and maintain professional  standard always.

INHERENT/MINIMUM REQUIREMENTS

QUALIFICATIONS

• National Diploma or Degree in Financial Management or an equivalent qualification (NQF6/7)

  EXPERIENCE

• At least 6 years’ experience in Finance

KNOWLEDGE

• Business planning and complexity theory
• Knowledge and understanding of the Public Financial Management Act and other applicable legislation
• Knowledge of Government Regulations and IFRS, and financial accounting standards
• Knowledge of financial and commercial matters with a specific focus on costs, profits, markets, new business opportunities, and activities that will bring the largest return 
• Good judgement to make rational, realistic, and sound decisions based on consideration of all the facts and alternatives available
• Budget management and forward scenario planning
• Strategic management
• Management information systems and SAP
• Scenario planning and Trend analysis
• Understanding of the different role players within the broadcasting landscape
• Project management