Senior Management Accountant - Sigma Mine at Sasol

Purpose of Job

• Ensure that sound financial management and reporting practices are implemented and applied in the Business Unit. Ensures effective, accurate and timely reporting to internal stakeholders.
• Participates and provides input in business decision making, financial management of the business unit and also ensure the effective management of the financial people.
• Support the cost and profit centre managers with financial analysis and intelligence in a proactive and positive/ critical attitude to facilitate decision making as well as to evaluate the effect of decisions made.

Key Accountabilities

• Compliance to fixed asset policy and accounting standards
• Ensures proper capital expenditure evaluation, control and reporting
• Relevant and timeous financial management information provided to enable business decision making
• Ensures operating costs are not capitalised
• Review CWIP, and ensure that projects are capitalised when ready
• Prepare accurate capital budget and forecast and ensure accurate cash flows
• Centre analyses / decision support
• Present and confirm the accuracy and completeness of SAP data to cost centre owners;
• Prepare SAP journals to ensure correct cost allocation between GL accounts and cost centre's
• Prepare detail cost centre information to enable cost centre owners in preparing and managing their costs/budgets;
• Prepare monthly analysis of cost centres to identify areas of concern to be addressed by cost centre owners/Shaft management;
• Guidance to cost centre owners on financial decisions including scenario analysis to inform business decisions;
• Generate detail monthly cost reports with variance explanations;
• Track and measure cost saving initiatives and report to cost centre owners

Budget and forecast process

• Prepare and analyse financial information received for budgets and forecasts;
• Perform variance analysis of expenditure against budget, prior year and forecast;
• Give guidance to cost centre owners in terms of budget and forecast trends and requirements
• Support finance team in preparing Shaft/value chain results for budget presentations and quarterly Shaft Exco forecast presentations;
• Compare budget and forecast information between different areas to determine and establish best practises
• Maintain SAP structures to align with Shaft/ value chain requirements and make budget changes accordingly
• Analyse pricing & volume variances compared to budget or forecast.

Management reporting

• Prepare daily, weekly and/or monthly cost reporting of the Shaft/ value chain / area results;
• Provide detail information regarding price and volume variances to cost centre owners;
• Evaluate completeness of monthly cost and create provisions were necessary;
• Prepare monthly reconciliations/schedules for GL accounts under their control;
• Reconciliation of monthly SAP / HFM and BW/Management reporting results;
• Tracking of financial and operating results against KPIs to be reported to cost centre owners;
• Prepare variance analysis of current results against annual budget, prior year and forecasts;
• Provide continuous training to cost centre owners in terms of cost awareness, optimization and available SAP cost reports

Key Accountabilities Continued
Financial Systems Support

• Maintain cost and profit centre structure within SAP to ensure alignment with Shaft/value chain/area requirements
• Maintain WBS and/or internal order structure in alignment with Shaft/value chain/area Requirements
• Identify HFM improvements and changes required for BU.

Sales billing

• Processes sales documentation and issues invoices.
• Variances on pricing and volumes reconciled and explained.
• Accurate cash flow forecasts presented within agreed deadlines.
• All supporting documentation on hand.
• Sales recorded and updated on system.
• Prepare mass balancing and reconciles gains/losses.
• Prepare pricing, volume and quality variances.
• Gains/losses recorded and reconciled on a monthly basis.
• Variances on pricing and volumes reconciled and explained.

Inventory/Stock

• Inventory performance measured against working capital targets.
• Value and volume of inventory known and understood.
• Calculate accurate closing stock in line with all source documents.
• Maintain reports and records for Purchased inventory.

Power BI

• Analyse and prepare data in Power BI for reporting purposes

Formal Education

• University Bachelor's Degree in a finance or related field

Working Experience

• Experience: 6+ relevant years

Required Personal and Professional Skills

• BC_Optimizes Work Processes
• TC_Financial Analysis
• BC_Business Insight
• TC_Financial Planning and Reporting
• BC_Manages Complexity
• TC_Analyse Alternatives and Recommend Solutions
• BC_Plans and Aligns
• TC_Financial Accounting
• TC_Compliance Management
• BC_Ensures Accountability

Closing Date

26 February 2025