Performance Management Accountant
Listing reference: petro_000102
Listing status: Under Review
Apply by: 16 July 2023
Position Summary
Industry: Chemical, Petrochemical, Oil & Gas
Job category: Banking, Finance, Insurance. Stockbroking
Location: Cape Town
Contract: Permanent
Remuneration: Market Related
EE position: Yes
Job Description
Job Purpose: Provide performance management accounting and perform all related accounting duties for the corporate accounting function and for the business Divisions in accordance with International Financial Reporting Structures (IFRS) and PetroSA's policies and procedures to ensure financial performance is monitored and reported to enable sound financial business decisions.
Responsibilities:
- Perform accounting services by processing journals, account reconciliations, investigate and escalate financial related discrepancies for resolution in accordance with IFRS to ensure journals and reconciled accounts are completed accurately and timeously.
- Analyse variances between budgets and forecasts and explore potential problems with cost centre holders to ensure proactive approach to cost management.
- Provide an advisory service to key stakeholders on the implementation of financial systems and related policies and procedures to ensure alignment of business initiatives to financial system requirements.
- Generate and analyse monthly cost reports with cost centre holders to ensure correct allocation of costs between cost elements, cost centres and profit centres.
- Provide guidance to cost centres holders in compilation of budgets and rolling forecasts in accordance with IFRS, statutory regulations and PetroSA’s policies and procedures to ensure alignment with corporate objectives and consistency of accounting practices within the business.
- Consolidate annual budget for presentation and prepare financial reports (including subsidiaries) for EXCO, Board sub-committees, the Board and CEF in accordance with accounting practices and PetroSA’s policies and procedures to ensure accurate and timely reporting to relevant stakeholders.
- Check the accuracy and completeness of SAP data and assist in identifying cost savings with cost centre holders to ensure correct captured information and professional service to cost centres holders.
- Execute the calculation of the company WACC rates once a year by updating the current model metrics or design a new WACC calculation model. New WACC rates models to make provision for various rates.
- Introduce the latest data analytics tools and practices to enable a more efficient and insightful approach to financial data presentation.
- Assist staff and customers with information relating to their cost centres, budgets, forecast and performance management system.
Minimum Requirements
Minimum Qualifications:
- Advanced Diploma (NQF Level 7)/Bachelor’s degree in accounting
Minimum Experience:
- 3 years accounting experience
Knowledge & Competencies:
International Financial Reporting Structure (IFRS)
Public Financial Management Act (PFMA)
Data Analytics tools and practices
Financial Modelling
SAP FI
NB: As part of our recruitment process, candidates will be required to undergo Vetting/Security clearance.
PetroSA is committed to Equality, Employment Equity, and Diversity regarding employment opportunities and accordingly preference will be given to historically disadvantaged groups.