Manager: Financial Control and Compliance (North West) at NECSA

Job profile:

Manage the Internal control in areas of Accounts Receivable, Property Plant and Equipment and Inventory, in compliance with IFRS, PFMA, Income tax and other applicable legislation and regulations.

Key Performance Areas

Financial reporting and compliance

• Prepare annual financial statements for allocated profit centers and associated subsidiaries
• Prepare consolidation working papers for allocated profit center group (profit center and associated Subsidiaries) as input to Necsa Group consolidation
• Review monthly management accounts for allocated profit center and associated subsidiaries
• Assist in preparation of monthly management accounts for allocated profit center
• Review of annual subsidiary budgets
• Respond to all internal queries with regards to the management accounts
• Liaise with Internal and External Auditors around the audit
• Prepare of audit files and schedules as required by the auditors
• Provide External audit support to subsidiaries of allocated profit center
• Oversee and coordinate all requests for information from Internal and External audit
• Perform Quarterly Reporting in the Necsa Group prescribed templates
• Perform the General financial advisory function which includes financial (IFRS & other relevant accounting frameworks), taxation, legislation and policy matters
• Compile Quarterly fruitless and wasteful expenditure register, loss register and irregular expenditure register
• Compiling Quarterly PFMA Compliance checklists
• Act on investigations where required and make recommendations on corrective measures and report writing where required
• Corporate Plan
• Allocated profit center and associated subsidiary budget submissions in the required Necsa Group templates
• Coordinate and review allocated profit center and associated subsidiary annual capital budget
• Include S54 applications in corporate plan
• Coordinate and review of the allocated profit center and associated subsidiary Borrowings plan

Property Plant & Equipment management

• Manage the full Asset function
• Drive the asset verification process.
• Ensure proper accounting for assets with regard to useful life, residual values etc.
• Ensure proper accounting of asset impairment when applicable.
• Co-ordinate the asset write-off process
• Co-ordinate Quarterly assets in progress capitalisation as well as componentisation where required.
• Administrate the request for capital expenditure process.
• Complete and keep up 4-year and yearly CAPEX budget.
• Prepare monthly reconciliations between General Ledger and Asset register
• Prepare monthly reports on asset expenditure versus budget
• Review of all repairs and maintenance schedules and posting of corrections where required
• Perform Project accounting reporting to line management and do corrections where required
• Ensure policy and procedural requirements as well as all legislative requirements are met including the follow up and rectifying of internal control deficiencies identified by Internal and external Audit
• Prepare General Ledger reconciliations where requested
• Coordinate and review annual capital budget

Inventory management

• Manage the Inventory Accounting function
• Co-ordination of the annual stock count
• Ensure proper accounting of the slow moving stock provision
• Perform Monthly reconciliations between General Ledger and Sub-ledger and ensure that corrections are made when required.
• Review accounting processes and corrections where required
• Ensure policy and procedural requirements as well as all legislative requirements are met Follow up and rectify internal control deficiencies identified by Internal and external Audit
• Prepare General Ledger reconciliations where requested

Accounts receivable management

• Manage the Accounts Receivable function
• Review debtors age analysis to identify and correct inaccurate or invalid accounting entries
• Review debtor payment allocations
• Review the follow up process with customers
• Review accounting processes and corrections where required
• Monthly foreign exchange revaluation of foreign customer balances
• Calculate intercompany loan account interest receivable and posting of transactions.
• Calculate monthly recoveries to be invoiced to Gamwave
• Review credit worthiness of all customers at inception and thereafter at regular intervals
• Recommend credit limits and payment terms and conditions for all customers
• Ensure policy and procedural requirements as well as all legislative requirements are met including the Follow up and rectifying of internal control deficiencies identified by Internal and external Audit
• Prepare General Ledger reconciliations where requested
• Responsible for Expected Credit Loss methodology development, review and calculations

Taxation

• Review and file of the company VAT returns
• Monthly reconciliation with regards to VAT (VAT/turnover and Control accounts)
• Liaise with SARS on all VAT queries
• Calculate and file Income Tax returns and Provisional tax returns for allocated profit center subsidiaries
• Liaise with the auditors on the audit of the income tax returns
• Reconcile General Ledger r where requested

Key Knowledge & Skills

• IFRS
• Relevant legislation i.e. PFMA, Companies ACT
• Tax legislation
• Caseware
• ERP system e.g. Microsoft Dynamics, SAP
• SARS e-filing
• Microsoft Excel, Word

Requirements

Qualifications and Experience:

Academic

•  Chartered Accountant registered with SAICA

Minimum experience required

• 5 years post article experience
• 3 years Management experience Advantages:
• Experience in a commercial environment PFMA experience