Our client, a leader in the steel fabrication industry is seeking an experienced Management Accountant to join their team based in Cato Ridge.

MINIMUM REQUIREMENTS

• Bachelor’s degree in Accounting, Finance, or a related field;
• CA (SA) or CIMA qualification is advantageous.
• Proven experience of at least 5-7 years in a manufacturing environment as a Management Accountant or in a similar financial role Proven ability to manage teams, build relationships, work collaboratively with cross-functional teams, influence others, and lead initiatives
• The ability to work with SAP S4 Hana.
• Good understanding of Accounting standards (IFRS) and tax legislations.
• Advance level proficiency in Microsoft Office (Excel, Word, PowerPoint) is a MUST
• Strong analytical and communication skills.
• Sound problem-solving skills.

MAIN JOB FUNCTIONS

• Preparation and timely reporting of various management reports
• Analysis of Company performance, books of accounts and highlighting control gaps, if any
• Identifying and report on areas of improvement in terms of processes, book keeping
• Oversee month-end and year-end closing processes, including journal entries, accruals, and reconciliations.
• Liaise with managerial staff and other colleagues in order for smooth and timely availability of inputs required for management reports
• Prepare relevant input schedules in support of management reports, accurately and timely.
• Prepare and analyze input-output stock reconciliation; liaise with other production heads for reasons of yield and other variances
• Analyze inventory and debtors ageing reports and report on risk areas
• Conduct detailed financial analysis, cost assessments, and variance analysis to identify opportunities for operational improvement and enhanced profitability.
• Analyze fixed costs against budget and report on variances
• Supervise direct reportees and ensure timely and accurate inputs are available from them
• Assist in the preparation of annual budgets, long-term financial plans, and financial projections.
• Provide support in internal and external audits, ensuring documentation and explanations are readily available.
• Prepare and report Capex spending, keep track of project costs against budgets, escalate likely deviation to management in time
• Collaborate with cross-functional teams to develop and implement financial strategies, budgets, and forecasts that align with the company’s objectives.
• Monitor and maintain compliance with financial regulations, accounting standards, and relevant laws.
• Streamline processes to enhance accuracy, and optimize efficiency.

Our client, a leader in the steel/manufacturing industry is seeking a highly experienced Management Accountant to join their team based in Cato Ridge.

MINIMUM REQUIREMENTS

• Minimum academic qualification: Bachelors degree in Commerce, Finance, Accounting or Equivalent
• Professional registration: CA(SA) or CIMA
• General work experience (years): 15 years
• Specific to the position (level/discipline/years): 10 years Manufacturing
• Well versed with MS Excel and Power point.
• SAP S4 HANA IT Software applications
• Outstanding knowledge of electronic spreadsheets

MAIN JOB FUNCTIONS

Management Accounting and Reporting

• Provide accurate and timely financial management accounts reports, balance sheet, cash flow statement and others finance reports within agreed timelines.
• Reviewing of monthly Flash to ensure accuracy reports with commentaries
• Review product pricing to ensure accuracy.
• Review management reports and analysis of key trends.
• Participate in all reviews of organisational financial performance and take actions for improvement where necessary.
• Conducting in-depth financial analysis to guide decision-making processes, including cost and variance analysis.
• Assisting in the development and execution of financial strategies to support the company’s growth objectives.
• Reviewing and analysing cost reports for all plants
• Working closely with the plant controllers to ensure accurate and effective cost accounting systems.
• Liaising with other departments to understand and control production costs through monthly cost reviews.
• Manage monthly forecasting process to ensure submission of timely and accurate profit/loss forecasts including commentary provision.
• Coordinate with HODs for timely Preparation of Board pack, Quarterly review pack and other reports as and when required.
• Support finance head for other financial decision-making matters.
• Regularly conduct meetings with plant controllers for financial improvements
• Assisting with the audit preparation work to allow for timely completion of the annual financial statements and corporation tax returns

Budgetary & Controls

• Timely and accurate preparation of annual budget. Co-ordination with other Finance Team on timely provision of data for budget preparation
• Monthly analysis of actual and budgeted costs
• Collaborating with cross-functional teams to develop financial forecasts and Annual business plans.
• Liaise closely with budget owners to provide a comprehensive accounting support service, including the provision of financial information, analysis to budget owners and review of business cases.
• Analyse variances and explore potential problems with budget owners, making recommendations and executing those recommendations.
• Identifying opportunities for cost control and efficiency improvements to contribute to the company’s profitability.

Statutory Data Requests

• Completion of statutory data requests from Statistics SA or other related government departments

Technical advice to departments

• To provide required information/reports to other departments as and when necessary
• Provide proactive financial advice to management/finance team and budget owners, actively promoting improved financial awareness.
• Ensure compliance with financial procedures and to ensure a sound system of financial controls.