VP Consolidation & Reporting at Sasol

Purpose of Job

• Ensures effective, accurate and timely reporting to external shareholders of Sasol Group financial results in compliance with statutory reporting requirements
• Manages Group external audit relationship and global co-ordination of the external audit effort.
• Manages technical center of excellence to determine and guide the Group’s accounting policies, implementation of new accounting standards, accounting treatment of non-routine transactions and IFRS training to Sasol Group;
• Ensures effective, accurate timely reporting and statutory compliance of Sasol Limited and other holding companies.  

Key Accountabilities

• Deliver on the external statutory reporting requirements of the Sasol Group effectively, timely and accurately in compliance with IFRS and SEC requirements
• Accurate and on-time fit for purpose external financial reporting
• No SENS corrections or disclosure issues
• No significant technical accounting errors in AFS, result announcement, analyst book or other financial publications
• Ensures consistency within all external publications

 Manage the statutory reporting process in group

• Provide effective guidance and steer to group on all statutory reporting compliance matters;
• Review and sign-off on Group consolidation
• Review and sign-off Group Annual Financial Statements and results announcements
• Ensure IFRS & JSE Compliance of annual financial results
• Decide on disclosures and implementation of accounting policies
• Group Reporting Practices Committee

 Reporting to the audit committee

• Board papers to the Sasol Limited Audit Committee and Board
• All significant accounting issues pro-actively reported to the audit committee
• Report on instances of non-compliance to Audit committee and follow-up with relevant heads of department on mitigating actions

 Coordinate the Holding Company responsibilities for the Group

• Accurate and on-time fit for purpose external financial reporting for Holding Companies, including board and shareholder reporting
• All key transactions accounted for in line with IFRS

 System and processes

• Embed group policies and procedures with regards to fit for purpose financial reporting and systems
• Manages continuous improvement initiatives including process and results optimisation
• Optimal performance of financial systems and processes

 Customer and stakeholders

• Maintain healthy relationships with Group entities, functional support functions, external auditors and external service providers
• Network with key stakeholders in the Group and provide guidance and advice in terms of compliance to reporting frameworks (e.g specialised funding transactions) 

 People

• Talent and performance management
• Maintain optimal organisational structure filled with competent and diverse people

Formal Education

• 3-4 year relevant university degree
• CA (SA) (Inherent requirement of the job)

Working Experience

• Experience: 16+ relevant years

Professional Membership

• SAICA

Competencies

• Self-Mastery: Takes accountability for driving own growth through developing self-awareness, reflecting, seeking  feedback and self-correcting
• People Leadership: Authentically and inclusively engages people to follow; leads culture transformation. Builds capability and leverages diversity for competitive advantage.
• Partnership Leadership: Persuades and influences stakeholders; builds relationships and partnerships for win-win outcomes. Builds teams and creates synergies through working across boundaries.
• Business Leadership: Demonstrates commercial acumen, a global mind-set and exercises sound judgement. Achieves results through others and holds them accountable.
• Financial Management: Demonstrated knowledge and application of Financial Management, the strategic and functional management of the set of processes, customs, policies, laws, and institutions affecting the way the company's finances are directed, administered, and controlled.
• Business Acumen: An intuitive and applicable understanding of how a company or unit makes money.  Displays a thorough understanding of what drives profitability.  Maintains a market-focused approach to business.  Keeps an overall big picture understanding of the business and its interrelationships enabling a person to make better business decisions.  The ability to make good business judgments and quick decisions in a manner that is likely to lead to a good outcome.

Closing date

15 April 2025