Management Accountant

Location
Pretoria, Tshwane Metro (ZA)
Salary
Up to R1m p/a
Posted
26 Feb 2021
Closes
05 Mar 2021
Sector
Public sector
Contract type
Permanent
Hours
Full time
Experience level
Qualified accountant, Manager

Our client has a vacancy for an experienced Management Accountant. The incumbent will perform management accounting functions to ensure accurate and complete accounting, analysis and reporting in compliance with contractual and legislative requirements.

Minimum Requirements:

  • A Bachelor’s degree in accounting, cost accounting or finance with at least five years’ experience, of which three years’ must be in management accounting in a medium to large business; OR
  • An Honours degree or CIMA qualification with at least three years’ experience in management accounting in a medium to large business.

Duties and Responsibilities:

  • Ensure the accuracy and completeness of contract accounting and reporting in terms of stakeholder, contractual and legislative requirements and in compliance with company policies and procedures.
  • Ensure accuracy and completeness of monthly PG and levy declaration.
  • Prepare weekly, monthly, and annual management reporting and analysis within the required time frames to provide feedback on performance and support management decision making.
  • Prepare the monthly financial reporting pack.
  • Review financial reports on contracts and projects, monitor spending on projects and communicate GAPs or potential over/ or underspend pro-actively.
  • Investigate budget variances, obtain explanations, and ensure corrective action is taken to address variances.
  • Ensure the accuracy and completeness of financial information, direct and indirect cost recoveries, monthly PG declarations, reconciliations, cleaning of accounts, interest calculations and general financial query support.
  • Report on outstanding debt and, ensure effective debt collection through engagement with clients and operational staff.
  • Review the status of open orders and ensure follow up actions are in effect.
  • Review, verify and validate local employee reimbursement claims prior to submission for processing.
  • Ensure accurate accounting of all costs in compliance with contractual requirements, company policies and procedures and relevant legislative requirements.
  • Review and approve journals and supporting documentation for validity, accuracy, and correctness.
  • Ensure accurate and timely processing of overhead cost and recovery journals to distribute costs and recoveries to various departments.

Skills and experience

  • Skilled in financial management, budgeting, forecasting, internal controls and auditing requirements.
  • Knowledge and application of contract and project management principles as well as accounting requirements.
  • Excellent computer skills and a solid understanding of accounting systems and dependencies on other systems/modules.
  • Ability to analyse, interpret and present financial information in a simplified format.
  • Ability to work independently with limited or no supervision.
  • Ability to work under pressure while ensuring accuracy and paying attention to detail.
  • Ability to apply checks and balances to transactions and procedures to ensure data integrity.
  • Ability to work with senior management, excellent problem solving and planning skills.
  • Good supervisory, mentoring, interpersonal and communication skills.
  • Knowledge and application of contract and project administration principles and accounting requirements.
  • Solid understanding of VAT, good working knowledge of exchange control requirement and accounting framework.
  • Good understanding of the applicable legal and statutory requirements of a State-Owned Enterprise.