Management Accountant

Management Accountant

Key Responsibilities

Monthly Management Accounting and Reporting

• Understand the GL structure and maintenance; ensure alignment with reporting.

• Perform detailed review of the general ledger to ensure completeness and accuracy; process journal entries.

• Compile and submit timeous monthly financial reports.

• Adhere to reporting guidelines for FAS and Tax Packs.

• Resolve monthly audit and reporting queries.

• Track and analyze performance across the board, providing commentary (Actual vs Budget vs Forecast vs Prior Year).

• Prepare and maintain balance sheet reconciliations for review and approval.

• Ensure BU Essbase numbers reconcile to HFM for both monthly and budget figures.

• Monitor cost rabbit with stakeholders to identify impact areas and recommend corrections in the ledger (e.g., accruals release, prepayments, noting unbudgeted costs).

• Maintain a clear and in-depth understanding of balance sheet accounts, including ageing analysis, long outstanding balances, and resolution plans.

• Understand balance sheet items (e.g., accruals) in terms of origin, purpose, reversal expectations, utilization timelines, and final resolution.

Forecasting

• Update rolling monthly forecast in alignment with business expectations.

• Analyze actual performance vs forecast and provide variance explanations.

Budgeting

• Assist Business Partners with budgeting processes.

• Submit monthly commentary on budget variances.

• Upload budgets into the budgeting tool and HFM, ensuring alignment with business sign-off.

• Monitor completeness of budget results during the process, highlighting issues and concerns for resolution.

Statutory Reporting

• Prepare FAS packs and schedules in HFM on a monthly basis.

• Compile ICPs on HFM.

• Ensure all validations on schedules are clear and promote the respective HFM packs.

• Load and promote forecasts on HFM.

• Provide business commentary to explain variances.

Regulatory Reporting

• Ensure analysis schedules are accurately included in returns.

• Provide business commentary to explain monthly variances to Company and The Company regulatory teams.

Quarterly, Bi-Annual, and Annual Reporting

• Complete quarterly, interim, and annual reports timeously and accurately.

• Engage with external auditors at year-end on any issues and group queries.

Stakeholder Relationship Management

• Build and maintain professional relationships with stakeholders through effective dialogue, listening, advising, influencing, and negotiating.

• Engage stakeholders to understand their requirements.

• Maintain understanding of all balances in the trial balance (TB) with accurate disclosure for reporting.

Platform Enablement

• Embrace and utilize tools for process efficiency and task standardization (e.g., Alteryx, RPA for journal prep).

• Use approved franchise platforms for reporting (e.g., Power BI for management accounts).

• Actively participate in finance transformation projects like Project Prescient.

• Engage in procurement transformation journey: attend sessions, understand implications of changes, contribute to UAT, and provide insights.

Minimum Qualifications and Knowledge

Required Qualification

• Minimum B.Com Accounting Degree

• CA(SA) or CIMA preferred

Technical Knowledge, Skills, and Experience

Experience:

• 3-5 years experience

• Banking and financial services exposure beneficial

Technical Prerequisites:

• Sound accounting principles

• Data analytics proficiency

• KPI and metric creation and reporting