Project Accountant - Southdale

Location: Southdale, Johannesburg, Gauteng, South Africa
Date Posted: 08-09-2018
Provide a project accounting service to the Venetia Underground Project.  The incumbent will provide accounting & financial management services to the Project, ensuring that costs between cost system and SAP are aligned and correctly reported, and that the change management Project procedures are adequately adhered to.
  • Formulate and maintain appropriate project financial procedures
  • Payment Terms reviews and updates
  • Ensure appropriate sign off and segregation of duties is in place
  • Identify and implement best practice relating to project accounting and financial control
  • Monitor the project team’s adherence to relevant policies and procedures
  • Compliance to all accounting standards, and ensure alignment with IFRS and company policies
  • Ensure that appropriate reports are available from SAP to assist Management in accessing and extracting relevant information
  • Responsible for the financial and performance reporting of the Project to internal and external stakeholders
  • Coordinate the process relating to foreign payments in line with company standards and project procedures
  • Responsible for the management and control of budgets, commitments, expenditure, forecasts (FEC), vs authorized budget to indirect costs and the production of project financial reports.
  • Manage and deliver various scheduled and ad hoc financial management or accounting related assignments.
  • Manage the co-ordination of receipt and approval of invoices and ensures appropriate checks for validity and budget allocation prior to approval
  • Responsible for the month and year-end processes:
    • Perform monthly journals, allocation and accruals
    • Environmental Calculation and Journal posting
    • Coordinates the preparation and integration of project incremental indirect costs
    • Capitalisation of Assets and depreciation reallocation to AUC
    • Control of Stock account
  • Ensure alignment of SAP vs cost system with monthly reconciliation of actual costs, budgets and forecasts
  • Forecasting and budgets:
    • Prepare and consolidate Project indirect cost
    • Co-ordinate and analyze Total Project expenditure for various rounds of forecasting and budgets.
  • Monitor and advise project planners and managers to support the cost estimating, cost control and cost forecasting activities
  • Identify, investigate and forecast variance trends, and if required, develop corrective action plans in conjunction with management
  • Follow up on variances found during the close-out process and ensure appropriate close out of the contracts
  • Coordinate accurate input and review of 6 weekly cash-flow on a weekly basis (Down Payments/Retentions)
  • Project SAP Management and administration:
    • Master Data update
    • Responsible for financial close out of PO’s/Contracts in line with Company procedure
  • Effectively engage and communicate with the Project team and other stakeholders.
MINIMUM REQUIREMENTS:  (Education & Experience)
The successful candidate will meet the following minimum criteria:
  • Bachelor’s Degree in Accounting.
  • 5 to 7 years’ experience in the mining industry.
  • Computer literacy and proficiency in SAP & Microsoft Office packages
  • Full understanding of international Financial Reporting Standards (IFRS).
  • CA (SA) qualification will be advantageous.
  • Successful completion of the Company’s screening protocols (eg security clearance, qualification verifications).

  • Ability to complete the entire accounting process with little/no supervision, within the allocated time, and to the required quality standards. 
  • The ability to conduct multiple assignments concurrently.
  • Have a sound understanding of project management and project control principles.
  • Energetic, self-starter and strong personal effectiveness (time management).
  • Sound interpersonal skills.
  • Strong communication skills.
  • Strong analytical capability.
  • Strong goal setting, prioritising, planning and organisation skills.
  • Advanced understanding of mining operations.
  • Advanced understanding of capital projects and the role of finance department.
  • Strong planning, organising and co-ordinating skills.
  • Computer literacy and proficiency in SAP and Microsoft Office packages
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