Manager - Lease Management.Finance at MTN

Job Description

• Highly dynamic and fluctuating Telecommunications industry
• Highly competitive market with new and established competitors
• Newly introduced IFRS 16
• Fast moving industry
• Legislative changes
• Rapid pace of digitalization
• Challenging and sensitive industrial relations environment
• Prevailing economic pressures affecting staff and customers
• Fluid complexities of customer expectations and demands

Responsibilities

Lease Accounting

• Work with lease originators to complete interface inputs to facilitate lease contract creation in Oracle
• Perform IFRS 16 Lease Accounting transition activities and dual reporting, as required
• Perform periodic reconciliations between source systems and Oracle and take action to address variances
• Ensure the upload of the new and modification contracts into the IFRS 16 System on a timely basis and accurately
• Ensure integrity, accuracy and completeness of the lease information in the IFRS 16 system
• Ensure completeness of IFRS 16 lease compared to the live site reports and payment files
• Regularly monitor interface activities from lease source systems to Oracle
• Analyse monthly transfers and their impact on depreciation for lease asset classes
• Ensure compliance with accounting policies
• Review balance sheet reconciliation to ensure balances are valid with sufficient back up
• Complete and document monthly control procedures
• Assist in external/internal audits as required
• Execute transactions and respond to BU Controller queries regarding leased assets and depreciation.

Leased Asset Reporting

• Prepare and disseminate monthly Lease dashboard and reporting
• Analyse month end depreciation expense and variances for lease asset classes

Budget Management

• Forecast, plan, and review budget in relation to leased assets
• Manage and optimise the budget, ensuring all expenditure is in line with the agreed budgets
• Monitor costs and determine initiatives to optimize resources.

Quality Management

• Formulate effective methods and standards to manage Leased Assets
• Ensure that the departmental projects, are delivered within the agreed timelines and in accordance with agreed quality standards
• Consider and recommend enhancements for project performance and processes and initiate remedial action where defects are evident

Document Management

• Formulate and implement a plan to maintain an up-to-date retention of records process for Leased Assets
• Ensure that all relevant documents are retained in accordance with legislative requirements

People and Culture

• Manage, train, up-skill, motivate, retain, and recruit staff
• Measure department performance with appropriate metrics
• Provide for ongoing training and upskilling of the Lease Accountant
• Compile monthly departmental performance reports

Lease Accounting

• Work with lease originators to complete interface inputs to facilitate lease contract creation in Oracle
• Perform IFRS 16 Lease Accounting transition activities and dual reporting, as required
• Perform periodic reconciliations between source systems and Oracle and take action to address variances
• Ensure the upload of the new and modification contracts into the IFRS 16 System on a timely basis and accurately
• Ensure integrity, accuracy and completeness of the lease information in the IFRS 16 system
• Ensure completeness of IFRS 16 lease compared to the live site reports and payment files
• Regularly monitor interface activities from lease source systems to Oracle
• Analyse monthly transfers and their impact on depreciation for lease asset classes
• Ensure compliance with accounting policies
• Review balance sheet reconciliation to ensure balances are valid with sufficient back up
• Complete and document monthly control procedures
• Assist in external/internal audits as required
• Execute transactions and respond to BU Controller queries regarding leased assets and depreciation.

Leased Asset Reporting

• Prepare and disseminate monthly Lease dashboard and reporting
• Analyse month end depreciation expense and variances for lease asset classes

Budget Management

• Forecast, plan, and review budget in relation to leased assets
• Manage and optimise the budget, ensuring all expenditure is in line with the agreed budgets
• Monitor costs and determine initiatives to optimize resources.

Quality Management

• Formulate effective methods and standards to manage Leased Assets
• Ensure that the departmental projects, are delivered within the agreed timelines and in accordance with agreed quality standards
• Consider and recommend enhancements for project performance and processes and initiate remedial action where defects are evident

Document Management

• Formulate and implement a plan to maintain an up-to-date retention of records process for Leased Assets
• Ensure that all relevant documents are retained in accordance with legislative requirements

People and Culture

• Manage, train, up-skill, motivate, retain, and recruit staff
• Measure department performance with appropriate metrics
• Provide for ongoing training and upskilling of the Lease Accountant
• Compile monthly departmental performance reports

Supervisory / Leadership/Managerial Complexity: Refers to the responsibilities for directing, guiding, motivating and influencing others.

• Recruit, develop and retain people with the required skills, qualifications and potential
• Define the departmental KPAs and KPIs
• Performance management and identification of training needs
• Contribute toward a customer centric culture
• Build talent by identifying and developing new leaders for the respective environment
• Employee relations and collaborative teamwork
• Manage Employment Equity and diversity
• Coaching and guidance of subordinates
• Build professionalism, loyalty and commitment to the organization
• Communicate actively and effectively resolving any potential conflicts that may arise
• Living the MTN Brand – influence employees’ behaviour

Required Skills & Capabilities e.g. teaching, report writing or specific skills/abilities such as computing or the ability to work without supervision

• Thorough knowledge and understanding of how to interpret Financial Statements & Balance Sheets
• Knowledge of the–regulatory and legislative requirements
• Thorough knowledge of IFRS, IFRS 16 specifically
• Understanding of Lease contracts
• Understanding of Litigation and the process to be followed in the event of breach of contract
• Excellent Attention to Detail
• Highly Numerate and Analytical
• Proficient with Microsoft Excel, Word and PowerPoint
• Strong interpersonal skills including good written and oral communication
• Good problem solving skills
• Good planning & organizing skills
• Strong ethics

Key Deliverables

• Compliance with Accounting policies and practices
• Accurate and up to date Lease data and documentation
• Remedial action initiated timeously
• Compliance with IFRS 16
• Continuous improvement of Leased Assets processes and procedures
• Completion of departmental projects within agreed time frames
• Customer Satisfaction
• Achievement of departmental performance targets
• Efficient and effective operational processes and procedures
• Optimal staffing to deliver on departmental KPAs
• Effective management of relationships with internal and external business partners

Qualifications

• Education:
• Bachelor’s degree in Accounting, Finance or similar field
• CA(SA) is an added advantage

Experience:

• At least 5 years’ working experience in a medium to large organisation preferably in the telecommunication industry and preferably working with leased assets
• 3 years’ experience with IFRS
• At least 3 years’ experience managing people
• Experience with Oracle E business suite

Apply Before: 07/17/2025