Manager - General Ledger and Cash Management Finance at MTN

Key Job Responsibilities

• Ensure MTN SA and its 10 subsidiaries meet MTN Group Financial Reporting Deadlines
• Ensure MTN SA and its 10 subsidiaries Annual Financial Statement meet IFRS, JSE and MTN Group Financial Reporting Standards
• MTN centric’ and ‘partnership approach’ to develop strong relationships with other working groups by ensuring timeous, accurate and complete responses to all issues raised.

Governance

• Ensure compliance with regulatory requirements and standards in financial reporting and disclosures, such as JSE and ICASA filings 
• Maintain comprehensive documentation of internal control procedures. This includes policies, procedures manuals, process flows, and control matrices.
• Collect evidence to support adherence to internal controls. This may include transaction records, approval logs, reconciliation reports, and system-generated audit trails.
• Implement monitoring mechanisms to track adherence to internal controls.
• Participate and provide inputs in operational meetings in order to solve problems and strengthen relationships,
• Set up and manage adhoc meetings
• Ensure coordination, communication and control between function and process owners.

Escalations

• Timely notification of escalations to the Manager;
• Timeous responses to queries raised by all stakeholders both internally and externally. 

Operational

• Participate and provide inputs to project status meetings;
• Propose operational changes and provide associated user impact assessment.

Performance

• Ensure effective execution of day-to-day operations and resolve operational issues from all stakeholders both internally and externally;
• Improve productivity and quality through leading practice initiatives.

Strategic Meetings 

• Provide input in strategic meetings when required 
• Provide inputs to enterprise-wide transformation initiatives when required 
• Provide inputs to and ensure adequate risk mitigation and controls 
• Perform evaluation baseline of Service Level Agreements (SLAs) and key performance indicators (KPIs) 
• Provide input into the preparation of proposal on change initiatives SLA, policies and procedures 

 Board Responsibilities

• Assist with the preparation of packs (information only) for Board meetings for MTN SA and its Subsidiaries  
• Assist with the Company Secretarial responsibilities in South Africa, as and when required for MTN SA and its Subsidiaries.

Other Responsibilities

• Attend board meetings for MTN SA Subsidiaries
• Attend to MTN SA and its Subsidiaries queries from MTN Group

Guidance and Support Management on Accounting Matters

• Contribute as a subject matter expert in the development, improvement, monitoring and maintenance of MTN SA and its subsidiaries accounting policies, procedures and templates on financial reporting 
• Provide guidance to MTN SA and its subsidiaries on statutory accounting and reporting requirements with respect to the preparation of financial statements 
• Provide technical advice to MTN SA and its Subsidiaries (for example, on product development and non-routine transactions, etc); 
• Prepare the financial statements and ensure continuous improvement and compliance with International Financial Reporting Standards (IFRS) and related developments 
• Liase with MTN SA Finance and MTN Group Technical with respect technical accounting papers/topics as a result of changes in IFRS and / or other relevant accounting changes 
• Understand customer feedback and create innovative solutions for better service delivery 

Preparation of Financial Statement and Reporting Pack 

• Prepare monthly, quarterly, half year and annual financial reports pack, including income statements, balance sheets, Cash flow statements and the disclosures requirements
• Compile and drafting the annual and interim financial statements for MTN SA and its subsidiaries in accordance with generally accepted accounting principles (IFRS and GAAP) or other relevant standards

Month-end - Inter-company Reporting 

• Verify that intercompany balances agree between parties;
• Discrepancies must identified and followed up in line with the month end schedule;
• Responsible for implementing the intercompany policy as well as the consolidations for MTN SA and its subsidiaries. 
• Upon successful transfer of inter-company transactions to relevant system, the accounting period must be closed. If any discrepancies are identified these must be resolved prior to closing the period
• Follow up on inter-company reconciling items so that clean GL reconciliations are maintained within the agreed timeline. 
• Intercompany transactions, including sales, purchases, and transfers of assets, must be accurately recorded and eliminated to prevent double counting and maintain the integrity of financial statements. Resolving intercompany balances and reconciling differences adds another layer of complexity to the reporting processes 
• Maintain appropriate governance structures and processes relating to the group consolidation, including management of intercompany balances. 

Month-end - Financial Reporting

• Submission and maintain financial records for MTN RSA a Subsidiaries into MTN Group Financial system 
• Manage the consolidation of the monthly, quarterly and annual MTN RSA group financial results i.e., The MTN RSA consolidated pack 
• Provide input on complex group transactions (i.e. the deconsolidation process of entities upon disposal). 
• Perform reviews and reconciliations to ensure that the FCC system has consolidated appropriately. 
• Provide support to operating entities on a monthly basis, to address any reporting challenges encountered; 
• Provide support to the auditors during major reporting periods. 
• Perform equity accounting for joint ventures within the MTN RSA companies. 
• Prepare the Statement of Changes in Equity monthly and follow up with entities to ensure correct accounting treatment on transactions that affect equity. 
• Prepare the IFRS 7 disclosures; inputs on queries). 
• Provide inputs and extensive support on the migration between two consolidation systems. 
• Provide support to the systems team in testing new developments. 
• Provide support and assistance to a team of two and to MTN Group Consolidation 
• Manage the consolidation of the monthly, quarterly and annual group financial results, budgets and forecasts 
• Maintain processes and systems for reporting actual, financial information for MTN SA and its subsidiaries to Group Finance 
• Perform a first level review of financial submissions from operations to identify anomalies 
• Verify that the MTN RSA consolidation is prepared in compliance with IFRS and regulatory requirements. 
• Obtain an understanding and process the accounting entries for corporate actions that impact the Group’s consolidated results.
• Submission of MTN SA and its subsidiaries of financial information packs
• Perform a first level review of financial submissions from operations to identify anomalies
• Obtain an understanding and process the impact of corporate actions on the MTN SA results.
• Support the larger finance community by providing financial information on request
• Upon successful transfer to relevant system, the accounting period must be closed. If any discrepancies are identified these must be resolved prior to closing the period
• Maintain appropriate governance processes relating to the MTN RSA group consolidation, including management consolidation journals

Supervisory / Leadership / Managerial Complexity: 

• Directing and advising finance staff, including the CFO, regroup financial reporting policies, processes and reporting timelines 
• Supporting, leading and directing team members 
• Collaborate with other departments to ensure that financial reporting requirements and deliverables are met 
• Interact with colleagues and executives and lead the implementation of changes in reporting to meet business needs

External/Internal audits

• Prepare for the external/Internal audit in line with the reporting policy;
• Provide external/internal auditors with all information required to perform audit procedures;
• Record and keep record of all audit differences identified during the audit.
• Liaise with external auditors on the audit of the multiple group consolidations

QUALIFICATIONS

Experience:

• 2-3 years relevant work experience in financial reporting operations;
• Experience in accounting for complex consolidations in a multinational environment,
• Completed (SAICA) articles.