Consultant - Financial Reporting and Consolidations
4 weeks ago
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Responsibilities
- The Consultant: Financial Reporting and Consolidations role is responsible to achieve the following objectives:
Strategy Implementation
- Deliver service aligned to the MTN framework, policies, procedures and templates established for Record to Report (R2R)
- Continuously provide input and improve the reporting framework and timelines established
- Assist Senior Manager in the formulation of tactical approaches, planning activities for the Opcos and Group.
- Support Opcos in completing their period end activities in line with the frameworks established
Operational Delivery
- Perform the consolidation of financial results (financial information) for monthly, quarterly and annual results as well as forecast, high level budgets and business plans.
- Prepare internal financial reports for Group Exco, Group Board and Group Audit Committee including monthly, quarterly and annual results as well as forecast, high level budgets and business plans.
- Prepare external financial results reports for analyst community, press advertisements, JSE and statutory purposes in compliance with IFRS, JSE and King IV principles.
- Define intercompany transactions and account types to be used to account for intercompany transactions.
- Implement and maintain financial consolidation system and processes.
- Support the development / update of intercompany policies and procedures.
- Assist in the preparation, review and distribution of the audit plan and audit instructions.
- Assist in managing the external audit process by way of obtaining information in a time bound manner to assist in timely completion of the audit.
- Investigate and provide input to audit differences.
- Keep abreast of latest developments in IFRS and integrate into MTN Group accounting policies and procedures.
- Ensure compliance with IFRS and assist in transitioning the Group operations to IFRS.
- Conduct quarterly reporting required in terms of loan and financial covenants, and any other legal/regulatory conditions (e.g. SARB, Stats SA, etc).
- Assist MTN Group operations on accounting issues and implementation of updated processes, standards and reporting parameters.
- Conduct accounting for merger and acquisition activity and other variable transactions.
Collaboration
- Perform business requirement analysis for master data requirements / business intelligence reporting.
- Assist in transformational initiatives within Finance CoEs, as applicable and drive the required change.
- Collaborate with the Financial Planning and Analysis team for finalising various commentary.
- Collaborate with other Finance CoEs, as applicable for reporting requirements.
Continuous Improvement
- Drive innovation and optimization initiatives within finance systems, implementing changes that enhance data accuracy, reliability, and overall system efficacy.
- Analyse potential issues and risks to enable early resolution and course corrections.
- Analyse the business requirement for master data requirements / business intelligence reporting.
Key Deliverables
- Consolidated financial results
- Internal and external reporting inputs
- Audit planning and preparation
- Intercompany transaction categorisation
Role Dependencies
- Understanding of business strategy
- Financial Accounting objectives
- Finance operations and practices
Collaboration
Responsibility towards:
Internal Stakeholders:
- Executive: Financial Operations and Controls
- Financial Operations and Controls and RAFM Leadership
- Finance Business Partners
- OpCo Finance Teams
- Manco Functions
Qualifications
Education:
- Minimum 4-year degree in Finance
- CA (SA)
Experience:
- Minimum 3 – 5 years' professional experience.
- Experience in consolidations and reporting and supporting systems.
- Experience in the service management of business operations.
- Experience in leading change / transformation (financial accounting).
- Experience in continuous improvement through the implementation of best practices (financial accounting and record to reporting).
- Experience in financial accounting leading practices and trends.
- Proven success in delivery of high-quality analytics.
- Experience in working with various stakeholders.
- Experience in working under pressure and delivering under tight deadlines.
Capabilities:
- Conceptual Thinker, Problem Solver, Improvement Driver
- Culture and Change Champion, Supportive People Manager, Relationship Manager
- Results Achieve, Operationally Astute
Functional Competencies:
- Accounting Standards, Policies and Procedures
- Financial Consolidation
- Specialised Finance
- IFRS, GAAP & King IV
- JSE Regulations
Skills:
- Business/ Financial Acumen
- Accounting and Reporting
- Finance Operation / Process Mindset
- Project Management
- Organisational Awareness
- Problem Solving
- Data Presentation and Communication
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