Reporting Controller at COFCO International

Minimum qualifications and experience

• Qualified CA (SA) with at least 2 years’ post article experience.

Main responsibilities (key performance indicators)

• Month end reporting and consolidation:
• Timely and accurate consolidation as per Group deadlines and reporting requirements.
• Accurate reconciliation between all back-end systems and final consolidated figures.
• Distribution of consolidation pack to Management for review and sign-off.
• Accurate calculation of financial analytics as per Group Key Performance Indicators (KPIs), and interpretation thereof.
• Daily year-on-year and month-on-month detailed comparisons to identify and investigate any discrepancies and/or anomalies.
• Prepare the Monthly Business & Operational Review (MBOR) Presentation for all balance sheet related figures, per business unit.
• Direct and Indirect Tax – Sub-Saharan Africa (SSA) Companies:
• Corporate income tax: accurate calculation and submission of provisional and final assessments, including monthly estimates.
• Deferred tax: accurate calculation of the monthly and annual deferred tax balance.
• Transfer Pricing: liaise with Tax Consultant to draft and submit the annual Transfer Pricing Local File.
• Corporate Recharges receivable: accurate calculation of the annual Corporate Recharges receivable.
• Corporate Recharges payable: ensure all supporting required documentation is prepared and submitted for SARB payment approvals, including Audit Reports.
• Tax optimisation: SSA companies’ assessed losses adequately are utilized to manage optimal corporate tax liabilities.

Budget and forecasts:

• Submission of all budget items (OPEX, CAPEX, Balance Sheet and Working Capital).
• Prepare and compile the annual budget of all Balance Sheet items, including the Presentation to Group.
• Perform subsequent analysis of any variances with prior year budgets and actuals.
• Prepare regular working capital forecasts and analyse deviations from the approved budget.
• Annual Financial Statements (AFS) and Annual External Audit:
• Responsible for the preparation of the full IFRS AFS.
• Ensure the SSA companies’ accounting treatment are in line with IFRS and Group Accounting Manual.
• Clean external audit – all previous control deficiencies resolved (no repeat audit findings) and AFS are signed within the Group deadline.
• Balance Sheet (BS) Integrity reconciliations: prepare and review certain BS reconciliations.
• System enhancements: contribute to successful implementation as per the project plan. Continuously improving the month end reporting process to ensure all deadlines are adhered.
• Risk Management: continuously identify financial risks and implement the most appropriate internal control. Adhere to all Company Policies and Procedures.
• Perform daily payment approvals.
• Perform back-up functions for the Financial Controller and Snr Corporate Controller.
• Any other ad-hoc accounting tasks and requests as and when required.

Essential skills

• Fluent in English.
• Demonstrate experience in:
• IFRS reporting and technical accounting
• Financial analysis
• Direct and indirect tax disciplines
• Computer Literacy (MS Excel – advanced)

Desirable skills

• Knowledge of Transfer Pricing.
• Previous experience working for a multinational company.
• Knowledge of what constitutes best practice regarding consolidated financial reporting.
• SAP S4 Hana
• SAP BPC
• Caseware
• Grain and Agri industry and commodities trading background.

Competencies

• Aptitude for continuous system enhancements and automation.
• Ability to adapt to change.
• Numerical reasoning and problem-solving skills.
• Ability to work under pressure while always maintaining excellent attention to detail and a high degree of accuracy.
• Excellent presentation and communication skills.
• Ability to work collaboratively at all levels within the business and within a team environment.
• Planning, organising and excellent time management skills.