Africa: Head of Treasury posted by Network International

The finance and accounting management sector is a vital component of Africa’s growing economy, with the demand for skilled professionals continually increasing. In South Africa, this field is particularly strong, with a diverse range of industries employing finance and accounting specialists to manage their financial operations. Typically, career paths in this field involve working in industries such as financial services, technology, manufacturing, and construction.

Generally, salaries for finance and accounting management positions in South Africa vary widely depending on factors like experience, company size, and industry sector. For instance, a junior accountant might expect to earn between R400 000 to R600 000 per annum, while an experienced manager can earn upwards of R1 million or more, subject to the specific requirements of their role and organisation. However, these figures are only rough estimates and may not reflect the actual salaries for specific job openings.

Common skills required for a finance and accounting management role in Africa typically include strong analytical and problem-solving abilities, proficiency in financial software such as Excel and SAP, excellent communication and leadership skills, and experience with budgeting and forecasting. Other essential skills might include knowledge of tax laws, understanding of financial reporting frameworks, and ability to work under pressure.

In South Africa, finance and accounting management roles are commonly found in various industries, including the financial services sector, technology industry, manufacturing sector, and construction sector. The role of a finance manager may also involve working closely with other departments such as operations, sales, and marketing.

Career development opportunities for finance and accounting managers in South Africa are diverse and often involve advancement to senior roles or specialised positions such as chief financial officer (CFO). Many professionals in this field choose to pursue further education, such as a master’s degree in business administration (MBA) or chartered accountancy (CA), to enhance their skills and knowledge. With the growth of international business operations in South Africa, there is also an increasing demand for finance and accounting managers with expertise in global financial management and taxation.