Senior Manager: Financial Consolidation and Reporting at MTN

Mission/ Core purpose of the Job
The Senior Manager: Financial consolidation and reporting is responsible for activities related to period end, consolidation, and intercompany accounting. The senior manager needs to ensure: standardization of reporting processes, policies, procedures across the Group; timely and accurate preparation of consolidated monthly, quarterly and annual financial results; and implementation and maintenance of appropriate financial reporting systems

The purpose of this job is to act as a subject matter expert for the consolidation, period close reporting and intercompany accounting functions for Group Finco.
Key Performance Areas: Core, essential responsibilities / outputs of the position (KPA's) (1/2)
Operational Delivery

• Review and guide the Group company financial operations.
• Review and verify the Group company accounting activities in compliance with IFRS and local statutory requirements.
• Designs and implements Group wide controls for financial reporting and budgets.
• Deliver service aligned to the Group Finco framework, policies, procedures and templates established for Record to Report (R2R)
• Continuously provide input and improve the reporting framework and timelines established
• Support Opcos in completing their period end activities in line with the frameworks established
• Perform the consolidation of financial results (financial and non-financial information) for monthly, quarterly and annual results as well as forecast, high level budgets and business plans
• Define intercompany transactions and account types to be used to account for intercompany transactions
• Support the development / update of intercompany policies and procedures
• Assist in the preparation, review and distribution of the audit plan, audit instructions
• Assist in managing the external audit process by way of obtaining information in a time bound manner to assist in timely completion of the audit
• Investigate and provide input to audit differences
• Process year-end adjustments approved for processing
• Support the preparation of annual reports, analyst reports and other reports, as applicable
• Prepare internal financial reports for Group Exco, Group Board and Group Audit Committee including monthly, quarterly, and annual results as well as forecast, high level budgets and business plans
• Prepare external financial results reports for analyst community, press advertisements, JSE (if applicable) and statutory purposes in compliance with IFRS, JSE and King III requirements
• Implement and maintain financial consolidation system and processes
• Keeping abreast of latest developments in IFRS and integrate into the Finco Group accounting policies and procedures
• Ensure compliance with IFRS requirements
• Quarterly reporting required in terms of loan & financial covenants, and also as a result of any other legal/regulatory conditions
• Assistance to Group operations on accounting issues and implementation
• Accounting for merger and acquisition activity and other variable transactions
• Assistance with ad hoc projects
• Manage the overall preparation and consolidation of monthly, quarterly and annual financial results

Staff Leadership and Management

• Build and manage a high performing team by providing leadership, role clarity, training and career development
• Continually develop a culture of strong collaboration and effective team working
• Ensure open communication channels with staff and implement change management interventions where necessary
• Provide definition of roles, responsibilities, individual goals, and performance objectives for the team
• Set KPIs and provide regular performance feedback through a well-defined and implemented performance review program
• Develop and implement a training plan to build and develop skills within the team
• Encourage knowledge transfer through the implementation of a knowledge transfer plan and drive continuous improvement philosophy through the knowledge transfer plan
• Performance manage resources in accordance with HR policy and legislation where necessary
• Actively participate in leadership team and develop skills of own team
• Promote a ‘Finco centric’ and ‘partnership approach’ to develop strong relationships with other working groups and ensure adherence to Group governance.

Job Requirements (Education, Experience and Competencies)
Education:

• Minimum of 4 year Bachelor’s degree in Finance /Accounting or equivalent
• CA (SA) – Mandatory
• Post graduate degree in Finance and/or equivalent professional qualification (preferred); or Chartered Financial Analyst (CFA) (advantageous)) or / ACMA (CIMA)
• MBA or Masters (advantageous)

Experience:

• 8 – 10 years of relevant experience in finance or finance operations related roles in a telecom or financial services environment
• 3 – 5 years of experience in leading Group Consolidations function of a large multinational company
• Experience in accounting for complex consolidations in a multinational environment.
• Experience in managing a highly qualified team of technical accountants
• Worked across diverse cultures and geographies
• Pan Africa multi-cultural experience is advantageous

Competencies:

Functional Knowledge:

• Financial Consolidation
• Consolidation systems (Hyperion Financial Management preferred)
• Financial accounting
• Period end & Closing
• GAAP (Generally Accepted Accounting Principles)
• IFRS (International Financial Reporting Standards)
• JSE Listing Requirements
• Corporate Governance – King III

Skills

• Business Acumen
• Analytics and Interpretation
• Strategic Thinking
• Organizational Agility
• Digital mind-set
• Dealing with ambiguity and complexity
• Decision Making
• Conflict Management
• Negotiation
• Financial and Numerical
• Project Management
• People Management
• Executive Presentation

Behavioural Qualities

• Adaptable
• Complete candour