Management Accountant needed at Traffic Management Technologies

Position overview 

• The Management Accountant is responsible for preparing, analyzing, and reporting financial data to support strategic decision-making. This role plays a key part in budgeting, forecasting, performance monitoring, reporting and cost control. The ideal candidate will have a strong analytical mindset, attention to detail, and the ability to communicate financial information clearly to non-finance stakeholders. 

Key Responsibilities: 

• Prepare monthly management accounts, including P&L, balance sheet, and cash flow statements: The duties shall include but not be limited to: 
• Compile and analyse financial data to produce accurate and timely monthly management accounts that provide a clear picture of the organization’s financial performance. 
• Prepare detailed profit and loss (P&L) statements, ensuring that all revenue streams and cost centres are accurately recorded and variances from budget or forecast are explained. 
• Produce balance sheet reconciliations, verifying the accuracy of assets, liabilities, and equity accounts, and resolving any discrepancies. 
• Generate cash flow statements and forecasts to monitor liquidity, identify cash shortfalls or surpluses, and support effective cash management. 
• Compile monthly results presentation for chief executive officer and executive committee. 

Develop and monitor budgets, forecasts, and variance analyses: The duties shall include but not be limited to: 

• Lead the annual budgeting process by collaborating with department heads to gather operational and financial inputs, ensuring alignment with strategic objectives. 
• Prepare rolling forecasts to reflect changes in market conditions, business performance, or strategic priorities, enabling proactive financial planning. 
• Perform regular variance analysis by comparing actual results to budget and forecast, identifying key deviations, and investigating root causes. 
• Support cost analysis and recommend cost-saving initiatives. 

Collaboration with various departments: The duties shall include but not be limited to: 

• Prepare and deliver accurate, timely, and insightful financial reports by collaborating with different departments to gather financial information. 

Compliance: The duties shall include but not be limited to: 

• Support the planning and execution of internal and external audits by preparing and collating required financial documentation in accordance with audit timelines. 
• Support B-BBEE efforts and external audits by collating required documentation from the different departments in a timely manner. 

Technical Competencies 

• Knowledge and application of the International Financial Reporting Standards (IFRS), in particular IFRS 9, IFRS 15 and IFRS 16. 
• Preparation of statutory annual financial statements in accordance with IFRS and the Companies Act. 
• Knowledge of tax legislation and South African Revenue Service (SARS) submissions to ensure compliance. 
• Experience calculating and submitting; Income tax, Provisional tax, Value Added Tax (VAT) and Dividend tax returns. 
• Developing junior colleagues’ talent within the team to support succession planning. 
• Play a key role in ensuring timely and accurate posting of general ledger journal entries, period close activities, fixed asset accounting, intercompany, production of financial reports, master data maintenance and balance sheet reconciliations. 
• Development of best practice policies and processes for the finance department. 

Education and Experience 

• Accounting Degree/Equivalent 
• SAICA/CIMA/ACCA qualifications would be advantageous 
• 3-5 years’ experience in accounting or Record to Report (R2R) experience. 
• Experience with Sage Intacct preferred. 
• Working knowledge of Microsoft ® Office Suite especially Excel, Word and PowerPoint. 

Skills and Competencies 

• Excellent analytical, problem-solving, and decision-making skills. 
• Excellent communication, and organizational skills. 
• Ability to work in a fast-paced, deadline-driven environment. 
• Problem-solving mindset and strong analytical abilities. 
• Strong attention to detail. 
• Strong administration skills. 
• Good communication skills for interacting with team members, and other stakeholders. 
• Enjoy working in a team but also can work independently. 
• Be patient, tactful, diplomatic, and approachable.