Senior Manager: Financial Accounting - REF: SNRFINANCIAL-JW385EX/2024 at Johannesburg Water

PURPOSE

• To plan, manage & execute the day-to-day finance operations for Johannesburg Water in compliance with the relevant legislative and accounting standards and regulations governing a municipal owned entity, culminating in the production of periodic reports, annual financial statements, and notes thereto, and a clean external audit opinion for the organisation.

KEY RESPONSIBILITIES

• Provide inputs to the  JWater annual, 3-year and 10-year Strategic Plan and the Annual Business Plans Evaluate and prioritise risks and assess the options for accommodating the risks.
• Strategize and develop the year end closure plan and manage and execute thereupon to produce annual financial statements in terms of SA GAAP, GAMAP, GRAP, and IFRS.
• Assist with content of Johannesburg Water annual report and present to board for approval.
• Develop systems and procedure for the management and control of the departmental performance and deliverables.
• Ensure that systems meet requirements of all applicable legislation.
• Develop strategies and controls to ensure high levels of ethics and sound governance to minimize/avoid potential risk/loss/fraud.
• Ensure sound understanding of all SAP processes to manage accuracy of financial results of the company.
• Manage the SAP financial system, inclusive of General Ledger, Accounts Receivable/Payable, Fixed Assets, and Banking/Petty Cash.
• Develop and maintain system of control with respect to management of Sundry Debtors.
• Manage all other resources of the department in a responsible and cost-effective manner.
• Provide leadership to the department and motivation of staff to achieve departmental and corporate objectives.
• Develop networks and spaces for active engagement with the Shareholder and its related parties to allow for seamless processing of business between the parties.  
• Manage all finance staff in the department and implement performance management system in the department.
• Create a harmonious environment by communicating with staff and ensure compliance with labour relations policies and procedures.
• Provide continuous support to the General Manager: Finance in overall financial management within the company and group (attendance of various meetings, chairing of various committees, production of strategic reports on financial positions and interpretation thereof etc).
• Develop strategies to ensure all financial reports are compliant with the Companies Act, Generally Accepted Accounting Practices, Generally Recognized Accounting Practices, Generally Accepted Municipal Accounting Practices and the Municipal Finance Management Act.
• Manage External Audit requirements as per the Auditor General’s Office.
• Develop strategies and controls to ensure that all income due is received and ensure that all core billing control accounts are maintained.
• Develop and maintain system of accelerated payments to encourage SMME and BEE trading activities to ensure quick turnaround of cash flow.
• Develop and actively maintain cash flow forecasts and techniques specific to the entity for daily, weekly and monthly, quarterly and annual cash flow projections.
• Approve of the submission of statutory returns i.e. VAT, PAYE, SDL.
• Ensure effective reconciliation of core billing on the SAP/Venus accounting system (billing a.d collection, debtors) to integration with General Ledger SAP, these include platinum/top customers, domestic customers managed by JWater as well as customers managed by the City of Johannesburg as part of a consolidated account.
• Ensure the integrity of the transactions managed by Johannesburg Water with regards to the cash collected.
• Ensure effective management of Company’s assets register and adherence to companies Fixed Asset Policy.

JOB REQUIREMENTS

Essential qualification and experience:

• BCompt Honours Degree (NQF 8) with articles or CA (SA) qualification.
• Knowledge of GRAP
• Certificate in MFMA OR acquire within 18 months of employment in Johannesburg Water.
• 5 years accounting experience in a large organisation.
• 3 years management experience.