Financial Accounting Specialist

Join us as a Financial Accounting Specialist to manage the financial accounting process to ensure timely, accurate, and compliant financial reporting activities, facilitate operational consolidation, drive process improvements, and minimise financial risks within Thungela and its subsidiaries.

Finances are vital, you’ll help us see where we’re going.

Thungela Resources [Thungela means “to ignite” in isizulu] is a leading South African thermal coal business, focused exclusively on thermal coal production. It is one of the largest pure-play producers and exporters of thermal coal in South Africa based on aggregate coal reserves and marketable coal production. Thungela focuses on exporting its thermal coal portfolio mainly to the Indian, Asian, southeast Asian, middle east and north African markets.

Job Description

You will be responsible for directing the timely and accurate preparation, compilation, and distribution of financial reports, ensuring compliance with regulatory standards and transparent transaction reporting as well as ensuring the timely completion, compilation, and distribution of relevant sections of internal reporting, month end reporting, and external results.

More of your responsibilities will include:

• Providing detailed contribution to the consolidation of financial reports including focusing on and reviewing specific accounting areas across all operations
• Overseeing and leading accurate presentation of financial statements for applicable entities, including the Thungela consolidated results and interim reporting requirements
• Reviewing of consolidated results, using information gained from the operations to assess accuracy
• Leading efforts to ensure strict adherence to accounting standards and regulations, facilitate timely communication of updates on financial reporting requirements, and conduct comprehensive evaluations of ongoing transactions for compliance
• Communicating updates to IFRS and other reporting requirements to Thungela’s head office and mine reporting teams, ensuring timely implementation
• Aligning current financial reporting standards, processes, and systems with regulatory changes
• Assessing ongoing transactions for compliance with IFRS, and other relevant regulatory requirements
• Where relevant, drive engagement with the head office or operational finance teams to ensure appropriate and timeous reporting, analysis of transactions and process improvement
• Overseeing and ensure transparent transaction reporting and disclosure by applicable entities
• Driving accuracy, compliance, and operational efficiency of financial reporting processes by minimising risks, driving improvements, and implementing enhancements
• Overseeing month-end processes, including journal entry processing and submission of financial data, while also assisting in budget and forecast preparation for selected entities
• Contributing to the preparation of budgets, forecasts, and MOP (Management Operating Plan) information for selected entities, preparing additional reports and performing ad-hoc analysis as required
• Managing relationships with key internal and external stakeholders, understand and deliver on their operational needs, and identify and resolve issues timeously
• Leading operational budgeting and consolidation initiatives

This role is in the finance department at band 6 and reports to the Head of Financial Reporting .

Qualifications

• Bachelor’s Degree in Finance, Accounting, or related disciplines (NQF level 7)
• Registered with SAICA CA (SA) advantageous

Experience and knowledge

• Minimum 6 years’ financial accounting experience.
• Previous experience in a coal mine environment (advantageous)
• Experience in a JSE Listed company

Additional Information

• Driver’s license
• Proficient knowledge of:
  • Relevant accounting standards and legislation applicable to financial accounting
  • VAT Act
  • IFRS standards
  • Financial accounting incl. Budgeting and forecasting
  • Financial reporting IM systems including, but not limited to SAP, HFM and Ramesys

Who we are

We are a company that promotes an environment that inspires innovation and where people have a shared sense of purpose. Skills, experience, creativity, and agility underpin our ability to grow and thrive. This means building a diverse team of high-performing individuals who operate our sites safely, effectively and cost efficiently. Our people focus is centered on acquiring, developing, and retaining the talent we need to take our business forward, safely, and sustainably.

What we offer

When you join Thungela, you can expect to enjoy a competitive salary and benefits package. But people want more out of their jobs than financial benefit alone. Being able to work with thought leaders, opportunities for development, strong values and a sound organisational culture all contribute significantly to a compelling employee value proposition.

Inclusion and diversity

True diversity is about more than being an equal opportunities employer. It is about bringing out the best in people for the good of our business, its partners, and especially our employees. We are committed to promoting an inclusive and diverse workplace where people are valued and respected for who they are and know exactly what value they bring to the table.

How to apply

To apply for this role, please complete our online application form. You will have the opportunity to upload your cv and other relevant documentation as part of this process.

Closing date: 21/05/2024