Manager: Financial Consolidation & Reporting at MTN

Mission/ Core purpose of the Job

The Manager:  Financial Consolidation & Reporting Fintech will contribute to the successful development, launch and implementation of Finance Operation strategy by driving and leading the financial consolidation and management reporting process.

The Manager is responsible to oversee & manage activities related to period end, consolidation and reporting. The purpose of this job is to act as a subject matter expert for the consolidation, period close reporting and intercompany accounting

The role is also responsible to anticipate and control financial risk by ensuring the availability of accurate current financial data and the provision of financial resources that are aligned to business objectives.

Key Performance Areas: Core, essential responsibilities / outputs of the position (KPA's) 

Strategy Development and Implementation

• Provide reports and analysis to support and contribute to the development of the finance operations strategy in line with the overarching business goals
• Ensure accurate and timely reporting to enable the regular review of the finance operational strategy, roadmap, and performance to ensure its alignment with the changing dynamics of the internal and external ecosystem

Operational Delivery

• Drive and lead the FinTech financial and management reporting process, by designing and implementing reporting policies
• Support Opcos in completing their period end activities in line with the frameworks established
• Support in the preparation & consolidation of financial results (financial information) for monthly, quarterly and annual results as well as forecast, high level budgets and business plans
• Manage intercompany transactions and account types to be used to account for intercompany transactions as per defined/approved frameworks
• Manage the preparation, review and distribution of the audit plan, audit instructions
• Support & manage external audit process by way of obtaining information in a time bound manner to assist in timely completion of the audit
• Assist in the preparation of internal financial reports for Group Exco, Group Board and Group Audit Committee including monthly, quarterly, and annual results as well as forecast, high level budgets and business plans
• Support the SM in preparing external financial results reports for analyst community, press advertisements, JSE (if applicable) and statutory purposes in compliance with IFRS, JSE and King III requirements
• Develop, implement, and maintain appropriate reporting systems/solutions for financial reporting requirements
• Maintain financial integrity of the financial data, financial processes, procedures and financial controls in line with established accounting processes, regulations governing the business and internal control policies, this include IFRS standards and approved MTN Group definitions
• Prepare and monitor performance management reports which supports management decision making
• Coordinate with OpCo’s, Group Finance and other stakeholder for all reporting requirements within FinTech
• Review and ensure compliance to SLA’s for partners
• Manage & oversee the period-end close process
• Manage and facilitate approvals manual transactions/journals
• Manage the closing of relevant account classes
• Review and facilitate approval of all cost centre, profit centre, cost element and internal order creation
• Review intercompany confirmations
• Review monthly accounts prepared after the sub-ledgers have been reconciled to general ledger
• Review the initiated requests for automated/or recurring journals
• Maintain all accounts of the company in accordance with the guidelines to ensure subsequent period end reporting is correct and accurate
• Provide technical expertise and mentorship to the end-to-end general ledger (GL) function
• Perform knowledge management planning and ensure backup resourcing to avoid loss of knowledge/information due to attrition
• Drive quality improvement processes within the Intercompany and period close teams
• Ensure seamless migration of process from retained organisation into the SSH and continue services provided with highest standards
• Review the internal queries documents and liaise with internal departments as necessary

Year End and Interim Reporting

• Take responsibility for overseeing interim and year-end audit and hard-close
• Prepare and submit audit files together with all supporting schedules for auditors to ensure completion within Group Deadlines
• Prepare and perform first review of Annual Financial Statements for all companies within set deadlines

Governance

• Operational, Tactical and Strategic Meetings
• Provide input in strategic meetings when required
• Provide inputs into the risk mitigation and controls
• Provide input into the preparation of proposal on change initiatives, policies and procedures

Escalations

• Escalate issues that will result in severe time, scope, productivity, and cost or resource impact
• Provide solutions to escalations that have multiple processes / functions impact on critical path of service delivery

Function Tactical

• Provide input into all projects initiated
• Provide input into establishing objectives, targets and budgets for the function as applicable
• Identify and document key risks, issues and dependencies and set mitigation actions

Performance

• Ensure execution in alignment with divisional strategy
• Continuous performance monitoring and adjust strategy and actions to deliver targets

Reporting

• Report on a periodic basis relating to progress made within the function and in accordance with the measurement metrics set by the organisation
• Report on an ad hoc basis on specific projects, as required

Budgets

• Manage functional budgets in line with overall budget and business objectives
• Managing project initiative budgets in line with business objectives
• Support the reduction of cost of operations, in line with a least cost operating strategy stemming from the business drivers

Managerial / Supervisory Responsibilities

• Continually develop a culture of strong collaboration and effective team working
• Provide guidance and leadership ensuring future focus and current efficiency
• Coach and mentor direct reports to ensure staff motivation is high
• Ensure adequate succession planning & that succession plans are achieved
• Set KPIs and provide regular performance feedback through a well-defined and implemented performance review program
• Ensure the effective management of diversity among personnel in the division
• Identify staff training and development needs and implement necessary actions
• Manage team (including recruitment, on boarding, attrition)
• Set goals and objectives for direct reports, monitor progress, and maintain motivation
• Set up appropriate structure to meet departmental management objectives

Job Requirements (Education, Experience and Competencies)

Education:

• Minimum of 4 year tertiary degree (Bachelor’s Degree in a Financial, Commerce, Statistical)
• CIMA or CA advantageous
• MBA or Masters advantageous

Experience:

• 4-5 years experience in finance or finance operations related roles in a Fintech or financial services environment
• 2-3 years experience in managing Group Consolidations function of a large multinational company
• Experience in a managerial position
• Experience in accounting for complex consolidations in a multinational environment
• Experience in ecommerce and electronic payment business is advantageous
• Entrepreneurial spirit, self-driven and ability to motivate others
• Worked across diverse cultures and geographies
• Pan African multi-cultural experience is advantageous

Competencies:

Functional Knowledge:

• Financial Consolidation
• Consolidation systems (Hyperion Financial Management preferred)
• Financial accounting
• Period end & Closing
• GAAP (Generally Accepted Accounting Principles)
• IFRS (International Financial Reporting Standards)
• JSE Listing Requirements
• Corporate Governance – King III

Skills

• Analytics and Interpretation
• Strategic Thinking
• Organizational Agility
• Digital mind-set
• Dealing with ambiguity and complexity
• Decision Making
• Conflict Management
• Numerical
• Project Management
• People Management
• Executive Presentation

Behavioural Qualities

• Adaptable
• Complete candour
• Culturally aware
• Emotional Maturity
• Innovation
• Integrity
• Leadership