Job Description
About the Role
We are seeking an experienced and skilled Assistant Financial Manager to join our team at MECS Africa. As a key member of our finance department, you will be responsible for ensuring the accuracy and completeness of our financial management reports, managing the month-end closing process, and supporting internal and external audits.
Key Responsibilities
- Prepare financial management reports by collating accurate data, resolving discrepancies, compiling comprehensive reporting packs with schedules and disclosures, and submitting within monthly or quarterly deadlines.
- Manage the month-end closing process by reviewing transactions and reconciliations, engaging stakeholders to address outstanding issues, and implementing corrective actions to ensure accurate reporting.
- Oversee reconciliations and journal finalisation by reviewing submissions, identifying discrepancies, and ensuring timely corrective measures are implemented each month.
- Ensure the accuracy of financial systems by reviewing processed transactions, investigating variances, liaising with stakeholders, and preparing detailed monthly reports.
- Maintain the financial governance framework by integrating regulatory and internal inputs, ensuring ongoing compliance, and submitting updates for approval as required.
- Support internal and external audits by preparing monthly audit files, compiling necessary documentation, responding to auditor queries, and ensuring annual audit readiness.
- Prepare consolidated financial reports by extracting, validating, and consolidating data from subsidiaries, and submitting reports for management review on a monthly basis.
- Prepare annual financial statements by gathering and verifying financial data, ensuring compliance with IFRS and local regulations, and submitting for approval annually.
Requirements
CA SA with BCom in Finance/Accounting or similar. 2 -3 years post Articles experience. Tax experience. SAP experience.
Salary & Benefits
Salary range: [Please provide the actual salary range if mentioned in the original job description]
How to Apply
Click the green “Go Apply” button below to apply directly online with the employer.
About Finance/Accounting Management Jobs in South Africa
In South Africa, the finance and accounting management field is a vital component of various industries, typically requiring professionals with strong analytical skills and attention to detail. Generally, this field is considered stable and in-demand, with common job opportunities available across various sectors.
Typically, salaries for finance and accounting management positions in South Africa range from R500 000 to R1,5 million per annum, depending on factors such as experience, company size, industry sector, and specific job requirements. It’s essential to note that these figures are broad estimates and can vary significantly, with senior roles or those in smaller companies often commanding higher salaries. Experience, qualifications, and industry expertise also play a significant role in determining salary ranges.
Common skills required for finance and accounting management positions include proficiency in financial software such as SAP or Oracle, strong analytical and problem-solving abilities, effective communication and interpersonal skills, and experience with budgeting, forecasting, and financial reporting. Additionally, knowledge of tax laws, financial regulations, and industry-specific standards is often essential. In some cases, technical skills like Excel, data analysis, or programming languages may also be required.
The finance and accounting management field is commonly employed in various industries, including the financial services sector, technology industry, manufacturing sector, and government institutions. These roles can provide a stable foundation for career growth and development, with opportunities to progress into senior positions or transition into related fields like investment banking or auditing.
Career progression paths for finance and accounting management professionals often involve developing expertise in specific areas, such as financial planning and analysis, risk management, or internal audit. Many organisations also offer training and development programs to support the growth of their employees, which can provide valuable opportunities for career advancement. With a strong foundation in finance and accounting, individuals can pursue various career paths, including senior leadership roles or entrepreneurial ventures.
This information provides general career guidance. Actual salaries and requirements vary by employer.
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