FINANCIAL ACCOUNTANT

Role Purpose:

• To ensure that the departmental accounting systems, policies, and procedures are being implemented. To verify the validity, completeness, integrity, and accuracy of financial information. Assist the Senior Financial Analyst to deliver a strategic partnership to the business:
  • Analyse financial information
  • Ensure financial control are in place to optimize performance for decision making
  • Add value to financial reports through providing information relating to revenue and cost drivers.

Qualification/s:

• B.Com degree
• Honors would be an advantage

Experience:

• 3yrs plus within Financial Environment
• Strong Excel Skills
• 2 years plus Oracle experience in AR and AP
• Previous Telecommunications industry experience highly advantageous

Key Performance Objectives

Cost of Sales Activities

• Identify the relevant sources to account for relevant cost of sales items.
• Define specific information required from sources to account for costs in accordance with IFRS.
• Implement/understand the processes required to produce cost/revenue information on a monthly basis.
• Identify, implement, and perform required controls in the processes to ensure accurate information is produced on a monthly basis.
• Determine and implement control indicators to validate monthly information during the reporting cycles.
• Communicate accrued amounts and to the Commercial department and/or vendors for invoicing.
• Review accuracy and allocation of invoices that were allocated • Perform reallocations for incorrect invoices.

Month End Closing & Reporting Activities

• Investigate any possible over/under accruals and amend future calculations methods, processes, or information to ensure accurate accruals. Liaise with the business partner
• Ensure all reversing journals reversed correctly from previous month.
• Identify previous accruals that were not invoiced and perform re-accruals calculations and journals.
• Validate monthly information received by reviewing control indicators.
• Identify any discrepancies and investigate the root cause with source systems
• Calculate revenue amounts to be accrued and perform the relevant journals.
• Calculate unearned release or deferral at month end.
• Calculate and account for any relevant discounts.
• Prepare reconciliations for all revenue and expense accounts
• Investigate any discrepancies and alert Financial Reporting team with any late adjustments to revenue figures.
• Balance intercompany before trial balance close deadline.
• Analyze current month revenue and cost numbers against budget and prior month figures.
• Provide logical explanations for movements against budget and prior month figures.
• Populate supporting information relating to revenue and cost drivers.

• Perform reconciliations for relevant General Ledger accounts
• Prepare weekly cash flow forecast information

Process Creation/Maintenance

• Evaluate the need of official processes/procedures for the tasks under responsibility and implement them with the collaboration of Continuous Engineering
• Annual assessment of the written procedures/ instructions with the need of the activity and eventually promote the updates on the system

Reporting

• Perform detailed analysis for all relevant section in terms of performance against budget and prior month figures
• Intercompany information

Perform any other related duties as requested by Management

• • IFRS disclosure tables under responsibility
  • Other specific reports, e.g.
  • Roll-forwards for assets and liabilities
  • Financial year end disclosure requirement