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Cato Ridge: Management Accountant posted by Tower Group

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Job Description

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
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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.



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Cato Ridge: Management Accountant posted by Tower Group

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Job Description

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.
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