Head Financial Accounting at Sentech

About the position

SENTECH is looking For Head Financial Accounting to oversee the financial accounting activities of SENTECH and ensures accurate financial reporting and compliance with regulatory standards.
The incumbent oversees the accounts payable, accounts receivable, billing, treasure and general ledger, payroll and tax functions within the Finance department.

MINIMUM REQUIREMENTS:

Qualifications:
?Honours degree in Accounting or Finance.
?Registered CA (SA) or Master of Financial Science.

Experience:
?Minimum of 8 years' experience managing a finance or accounting function, with 5 years' experience in a middle management role.
?Experience within the telecommunication industry will be an added advantage.
?Extensive experience in preparing and analysing financial statements, including proficiency in handling complex accounting issues and transactions.
?Experience in ensuring compliance with industry-specific regulations, as well as international accounting standards such as International Financial Reporting Standards (IFRS).
?Experience in overseeing regulatory filings, audits, and ensuring adherence to legal requirements is crucial.
?Significant experience in effectively managing and leading a team of financial professionals, including providing guidance, mentorship, and fostering a collaborative and high-performing work environment.
?Prior experience in managing internal and external audits, including coordinating audit activities, responding to audit inquiries, and implementing audit recommendations.
?Hands-on experience in developing and managing financial budgets and forecasts, as well as providing support and guidance to other departments in financial planning activities.
?Demonstrated experience in identifying, assessing, and managing financial risks, including implementing risk mitigation strategies and ensuring the overall financial stability and security of the organisation.
?Experience in leveraging financial software and systems to streamline accounting processes, improve efficiency, and ensure accurate and timely financial reporting.
?Experience in driving profitable growth within the Finance department.

Knowledge:
?In-depth knowledge of generally accepted accounting principles (GAAP), International Financial Reporting Standards (IFRS), and other relevant accounting standards to ensure accurate financial reporting and compliance with regulatory requirements.
?Proficiency in financial analysis techniques, including ratio analysis, trend analysis, and variance analysis, to interpret financial data and generate meaningful insights for decision-making and strategic planning.
?A strong understanding of relevant industry-specific regulations, compliance requirements, and reporting standards, including knowledge of regulatory bodies and their respective guidelines within the telecommunications and technology sectors.
?Sound knowledge of risk management principles, methodologies, and best practices to identify, assess, and mitigate financial risks, ensuring the overall financial stability and security of the organisation.
?Familiarity with accounting information systems, financial software, and technological tools used for financial accounting processes, including knowledge of ERP systems, financial modelling software, and other relevant technologies.
?Understanding of budgeting and forecasting methodologies, including the ability to develop comprehensive financial budgets, create accurate financial forecasts, and align financial objectives with organisational strategies.
?Awareness of current trends, developments, and best practices within the telecommunications and technology industry, especially those related to financial accounting, to facilitate informed decision-making and strategic planning.
?Knowledge of internal control frameworks and practices to establish and maintain effective internal controls, ensuring the integrity and reliability of financial information and safeguarding company assets.
?Understanding of ethical standards and principles of corporate governance, including a strong commitment to upholding ethical practices and ensuring transparency and accountability within the financial accounting function.
?Proficiency in leadership and management principles, including the ability to effectively lead teams, foster a culture of collaboration and innovation, and drive performance excellence within the financial accounting department.
?Knowledge of the Public Finance Management Act (PFMA).

KEY PERFORMANCE AREAS:
?Collaborate with senior management to develop long-term financial strategies aligned with the company's goals and objectives.
?Provide financial insights and recommendations to support informed decision-making and strategic planning.
?Participate in the development of annual budgets and financial forecasts in collaboration with relevant stakeholders.
?Coordinate with internal and external auditors to facilitate the completion of audits and reviews within specified timelines.
?Address any audit findings and implement corrective actions to improve internal processes and controls.
?Ensure compliance with audit recommendations and best practices to enhance the company's overall financial transparency and integrity.
?Establish and maintain robust internal control procedures to safeguard company assets and prevent fraudulent activities.
?Conduct regular risk assessments to identify potential financial risks and implement strategies to mitigate them.
?Monitor the effectiveness of internal controls and make necessary adjustments to improve the control environment.
?Develop and implement policies and procedures to ensure compliance with corporate governance and ethical standards.
?Ensure timely and accurate preparation of financial statements in compliance with relevant accounting standards and regulations.
?Foster a culture of collaboration, innovation, and continuous improvement within the financial accounting department.
?Create a high performing culture that maintains the highest ethical and governance standards in financial accounting.
?Oversee the process of people management and performance management of the department.
?Provide regular financial updates and reports to stakeholders to ensure transparency and informed decision-making.
?Build and maintain strong relationships with internal and external stakeholders, including auditors, regulatory authorities, and financial institutions.

SKILLS AND COMPETENCIES:
?Leading Courageously
?Leading in a VUCA (Volatile, Uncertain, complex and ambiguous),world
?Coaching and mentoring
?Conflict Management
?Critical and Innovative thinking
?Direction Setting (Vision and Strategy)
?People management
?Performance management
?Quality Assurance and Risk Management
?System Thinking
?Design Thinking

BEHAVIOURAL COMPETENCIES:
?Change Leadership
?Compliance
?Financial Awareness
?Safety, Health and Environmental Knowledge
?Planning organising
?Organisational Understanding
?Emotional intelligence
?Attention to detail
?Judgement and Decision-Making
?Risk Management
?Strategic Thinking and Agility
?Analytical Thinking

If you are interested and meet the required criteria as described above, please send your CV on/or before 12 April 2024

Appointment will be done in accordance with Employment Equity Plan of the organisation. People with disabilities will be given preferences and they are encouraged to apply.
Medical examinations will be undertaken before successful appointment depending on the nature of the position.

Sentech reserves the right not to appoint.

Desired Skills:

• Qualified Accountancy

Desired Work Experience:

• 5 to 10 years

Desired Qualification Level & Accreditations:

• Honours
• Association of Chartered Certified Accountants