Transnet Accounting / Finance Jobs in Durban
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Position Purpose
- Execute financial compliance and reporting at TPL, including Statutory Reporting, in line with International Financial Reporting Standards
- Execute the Treasury related activities relating to foreign transactions and working capital.
- Generate the trial balance for Transnet Pipelines ensuring the validity, accuracy and completeness of the information.
- Manages petty cash of the TPL.
- Ensure compliance with tax legislation.
- Ensure relationship with Shared Services Team is managed in line with the Service Level Agreement
- Implement sustainable internal controls within the reporting function.
- Coordination of the statutory year end audit for TPL and internal audit activities within the department.
- Acts in order to ensure that all income and expenditure are accurately and timeously accounted for. This includes:
- Accurate and timeous accounting/invoicing of revenue, product reconciliation and effective management of collections from trade debtors,
- Validity, accuracy and completeness of operating expenditure including payroll and provisions.
- Accurate and timeous accounting of interest, fair value adjustments and impairments.
- Acts in order to ensure that all asset and liabilities are accurately and timeously accounted for. This includes:
- Accurate management and calculation of provisions, accruals, contingencies etc.
- Calculation of certain critical inputs into the corporate plan.
Position Outputs
Financial statements
- Prepare financial statements in line with IFRS and the Companies Act.
- Ensure the validity accuracy and completeness of monthly, half year and annual reporting.
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Treasury related functions at TPL:
- Execution of hedging transactions for foreign exchange transactions in line with the Financial Risk Management Framework. Liaise with transactional banker.
- Implementation of system changes (including change in banker) to facilitate Group and Operating Division requirements.
Cash flows of the entity - Calculates working capital and forecasted working capital of TPL.
- Ensure timeous payments and collection of cash.
- Executes on cash inflow and outflow forecasts and materialisation thereof to ensure that TPL is not cash deficient.
- Administers cash preservation process for TPL.
Calculation of critical inputs to the Corporate Plan:
- Calculation of borrowing costs, depreciation, revaluations and finance costs for the 10 year budget cycle and 5 year corporate plan.
- Oversee calculations for tax and deferred taxation for the 10 year budget cycle and 5 year corporate plan.
Manage the implementation of internal controls:
- Develop internal controls in the financial department.
Audit processes:
- Co ordinate the half year and year end audit processes to ensure that the Transnet Financial statement deadlines are not compromised.
- Co ordinate communication with the external auditors.
Trial Balance Management
- Ensure all month end, half year and year end cut off procedures are adhered to.
- Ensure the completeness and accuracy of all revenue recorded for the period.
- Ensure the validity and accuracy of all costs recorded for the period.
- Ensure that all balance sheet account balances are valid accurate and complete
- Ensure tax and deferred tax are accurately calculated
Taxation
- Oversee the completion and Compliance with Taxation legislation, including Income, Vat, PAYE.
- Oversee the calculation of deferred taxation for accuracy.
Petty Cash
- Manage the petty cash process within TPL.
Qualifications and Experience
- CA (SA) Eight (5) to ten (8) years of experience in financial accounting and reporting.
- Middle management experience (2 -3 years) in Financial Accounting.
Additional Job Requirements
- Driver’s license code 08
- Travel as required and approved
- Requirement of Trust and Honesty in the handling of Finances as per the National Credit Act Amendment 19
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Competencies
- Self-motivated leader
- Conceptual and analytical thinker
- Realistic pragmatism
- Team player
- Able to motivate others
- Able to collaborate sensitively with others in the context of overlapping areas of responsibility
- Able to interact confidently with senior executives
- Able to motivate and develop staff
- Good interpersonal skills
- Good communication skills including communication with and presentations to senior executives and officials
- Ability to draft high quality communication material
- Innovative and entrepreneurial
- Empowers and develops others
- Project Management
- Able to meet deadlines and work under pressure.
- Team player.
- People management skills.
- Report writing.
- Ability to develop training materials for different levels of staff.
- Decision-making and proactive thinking.
- Consulting and advisory skills.
- Presentation skills
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