Finance Manager: Management Reporting - Transnet Property

Position Purpose

Serve as costing expert, and in so doing provide financial due diligence and operating costs analysis and make recommendations in support of key strategic business decisions that could fundamentally reshape the operating cost core and serve as budgeting expert to ensure that budget is prepared in line with group guidelines and business operational needs.

Position Outputs

• Process owner for costing models, systems and methodologies Interrogate and benchmark current processes (together with stakeholders from operations and continuous improvement) to identify inefficiencies and eliminate waste within the division Page 2
• Analyse, interrogate and undertake scenario planning across operational processes, in order to understand key cost drivers and engage stakeholders on opportunities to eliminate inefficiencies and optimize costs
• Understand business needs and ensure that SAP profit and cost centre structures are designed and enhanced to meet the business requirements, so that they lead to improved access to data on which to base business decisions
• Manage the monthly SAP costing runs through ensuring that the data is complete, assessment processes have run properly and any errors have been resolved before final reports are produced
• Make recommendations on maintaining and controlling the integrity of cost centre structures, including the merging and clean-up in order to facilitate improvements in reporting standards
• Oversee the production and enhancement of meaningful costing and other business reports to support optimal decision making.
• Partner with Operations to detect and eliminate waste, as well as assist in determining the optimal operating model to ensure profitability and future growth and sustainability.
• Budgeting As per the Budget Guidelines, assist the Departments in the compilation and the capturing of the operating costs budget into applicable versions of the SAP CO module
• Consolidate Departmental Budgets
• Attend Budget Motivation Meetings and make necessary amendments as recommended in these meetings.
• Ensure that all Budgets are captured on SAP; and as per Group Budget Guidelines, capture the budgets onto Group supplied templates and submit these to Group on set deadlines.
• Contribute towards compilation and review of the company long-term Capex financial forecasts as inputs to and Corporate Business Plans.
• Compilation of Borrowing Costs annual budget and computation of Borrowing costs component for individual projects during business case approval process.
• Compilation of annual budget Forex and Quarterly reports to Transnet Treasury.
• Computation of Forex component for individual projects during business case approval process.
• Ensure proper implementation of Capital Portfolio Management Framework (CPMF) policies.
• Distribute Capital budget guidelines to Project Management.
• Compile and distribute budget templates for Project Managers.
• Consolidate completed budget templates to formulate 10-year plan. Through SAP PPM or applicable templates, submit approved 10-year plan budget to Group Capital Integration and Assurance.
• Implement the budget amendments as directed by Group.

Month-end Reporting

• Perform monthly reconciliation of cost centres and accounting (FI) modules.
• Prepare month-end EXCO and Group reporting
• Prepare the costs savings initiatives reports Page 3 Monitor Budget variances Produce Monthly Latest Forecast report.
• Produce Capex Flash Reports for Transnet Group Update and submit a monthly Capex Report to Transnet Group.
• Capital Projects Business Cases Review and analysis of all capital business cases/motivations for onward submission to the Project Manager.
• Ensure that project Sanction and capital approval numbers (CAN) are issued and properly recorded Review evaluation models to assess the financial/economic viability of projects.
• Participation in Project Structures Participation in the Project Management Structures when invited and give advice where applicable.
• Co-Ordination and Chairing of Monthly Capex Flash Meetings.
• Participation in the Project Gate Review Meetings and give advice where applicable.
• Compliance In compliance with the applicable policy, performing Interim Reviews (IR) and Post Implementation Reviews (PIR) for qualifying projects and give recommendations on the improvements.
• Ensuring that Transnet Investment Policies are adhered to at all times.
• Ensuring that all Transnet Property Capital Investment and Governance processes and procedures are adhered to.

Year-End Process

• Create a new Investment Management (IM) program for the new financial year.
• Carry forward IM Budget to the next fiscal year. Administration activities
• Train new and existing employees on execution of SAP Costing Module reports
• Ensure appropriate systems and controls are in place to manage resources and good corporate governance practices
• Ensure implementation of corrective action necessitated by audit findings
• Conduct SAP IM training to companywide users.
• Provide IM support as a Process Owner.
• Provide Capital Investment information to Auditors - Effect and Follow up on Audit Findings.

Qualifications and Experience

• National Diploma in Accounting, or relevant qualification,
• With 5 years’ relevant experience in a large enterprise, preferably with 1 year supervisory or specialist experience.