Management Accountant: Creditors

To ensure the company is financially streamlined and profitable through adequate product pricing, operating expense, capital expense saving through to feasibility studies on investments and network rollout. Budget control, forecasting and financial modelling will be key to attaining these objectives as well as risk management.

1 Budget, Forecasting, Cash Flow Management and Financial Modelling

• Compile budgets, annually.
• Set up budget for Forecast and FC Management.
• Cash flow and Treasury: Prepare, update and maintain an accurate cash flow forecast monthly to arrange debt finance from the consortium of banks as necessary.
• Liaise with banks to make debt available.
• Assist with the negotiation of bank contracts, annually

2. Risk Management

• Manage financial risk to the business.
• Contribute towards BBBEE development.
• Manage the company’s insurance risk and no unmanageable risk exists on the company’s balance sheet.

3. Credit Rating (Rating Funds) and Organisation Guarantees

• Provide banks, in conjunction with financial executive, with relevant information in order for them to establish “what we are”.
• Obtain organisation guarantees from banks for submission where required.

4. Pricing and Costing Modelling

• Obtain finance approvals: Receive “opportunity” quote from Sales – verify and sign off.
• Follow up on projects to ensure the project goes according to what was modelled.
• Engage and work together with strategy to ensure products are profitable.

5. Feasibility Studies

• Perform feasibility analysis on capex investments
• Collaborate with Planning and Sales to establish their needs through gathering of relevant.
• Information on products.

6 BBBEE (Preferential Procurement)

• SD and ED – ensure that results are achieved by year end for required level by, among other things, monitoring spending.

7. Share Appreciation

• Oversee the whole process regarding the Share Appreciation Rights Scheme.

8. ICASA

• Manage ICASA annual levies and licence fees.

9. People Management

• Supervise a staff member:

o Allocate work.
o Appraise performance.
o Coach and mentor staff.

• Counsel and discipline staff (if required).

10. Process and requisition management

• Ensure the correct allocation of requisitions to correct accounts in general ledger and ensure completeness and accuracy.
• Allocate cost recording in GL.

11. Tender Support

• Engage with tender qualification committee to ensure financial considerations.

12. Miscellaneous

• Attend to any other relevant and reasonable tasks as may be required from time to time.

Competencies and Minimum Requirements:

Knowledge, qualifications and experience

• BCom Accounting
• At least 10 years in finance and industry focused on products pricing and feasibility models.
• Ability to communicate at Executive level.

Essential

• Proficient in MS Word, MS Excel, MS PowerPoint and MS Outlook.
• Excellent verbal and written communication skills.
• An understanding of BEE finance.
• Skilled in financial modelling.
• Strong negotiation skills and assertiveness

Technical Skills

• Business Acumen: Applies commercial insight to deliver a prompt and appropriate response to business matters to influence a positive outcome.
• Financial Acumen: Plans, directs, monitors, organises, controls and reports on the monetary resources of an organization or department.
• Accounting: Systematically identifies, records, measures, classifies, verifies, summarizes, interprets and communicates financial information. Reveals profit or loss for a given period and the value and nature of a firm’s assets, liabilities and owners’ equity.
• Cash flow Forecasting and Management: Plans for and manages the Incomings and outgoings of cash, representing the operating activities of an organization. Manages and reports on the difference in amount of cash available at the beginning of a period (opening balance) and the amount at the end of that period (closing balance).
• Product Knowledge: Knowledge of DFA products and services.