Senior Management Accountant Sec Functions at Sasol

Purpose of Job

• Ensure that sound financial management and reporting practices are implemented and applied in the Business Unit. 
• Ensures effective, accurate and timely reporting to internal stakeholders. 
• Participates and provides input in business decision making, financial management of the business unit and also ensure the effective management of the financial people. 
• Support the cost and profit centre managers with financial analysis and intelligence in a proactive and positive/ critical attitude to facilitate decision making as well as to evaluate the effect of decisions made.

Key Accountabilities

• Analyse pricing & volume variances compared to budget or forecast. 
• Processes sales documentation and issues invoices. 
• Variances on pricing and volumes reconciled and explained. 
• Accurate cash flow forecasts presented within agreed deadlines. 
• All supporting documentation on hand. 
• Sales recorded and updated on system. 
• Prepare mass balancing and reconciles gains/losses. 
• Prepare pricing, volume and quality variances. 
• Calculate provision for obsolete inventory. 
• Gains/losses recorded and reconciled on a monthly basis. 
• Variances on pricing and volumes reconciled and explained. 
• Inventory performance measured against working capital targets. 
• Value and volume of inventory known and understood. 
• Dead / slow moving stock identified and correctly valued or written off. 
• Present and confirm the accuracy and completeness of SAP data to cost centre owners. 
• Prepare SAP journals to ensure correct cost allocation between GL accounts and cost centre’s. 
• Prepare detail cost centre information to enable cost centre owners in preparing and managing their costs/budgets. 
• Prepare monthly analysis of cost centres to identify areas of concern to be addressed by cost centre owners/BU management. 
• Guidance to cost centre owners on financial decisions including scenario analysis to inform business decisions. 
• Prepare and analyses financial information received for budgets and forecasts. 
• Perform variance analysis of expenditure against budget, prior year and forecast. 
• Give guidance to cost centre owners in terms of budget and forecast trends and requirements. 
• Support finance team in preparing BU/value chain results for budget presentations and quarterly BU Exco forecast presentations. 
• Compare budget and forecast information between different areas to determine and establish best practices. 
• Perform biannual impairment reviews for relevant CGU’s. 
• Prepare GMO/monthly forecast for the BU/value chain, and analyse for reasonableness. 
• Maintain SAP structures to align with BU/value chain requirements and make budget changes accordingly. 
• Prepare daily, weekly and/or monthly cost reporting of the BU/value chain/area results. 
• Provide detail information regarding price and volume variances to cost centre owners. 
• Evaluate completeness of monthly cost and create provisions were necessary. 
• Prepare monthly reconciliations/schedules for GL accounts under their control. 
• Reconciliation of monthly SAP/HFM and BW/Management reporting results. 
• Tracking of financial and operating results against KPIs to be reported to cost centre owners. 
• Prepare variance analysis of current results against annual budget, prior year and forecasts. 
• Provide continuous training to cost centre owners in terms of cost awareness, optimization and available SAP cost reports. 
• Maintain cost and profit centre structure within SAP to ensure alignment with BU/value chain/area requirements. 
• Maintain WBS and/or internal order structure in alignment with BU/value chain/area requirements. 
• Maintain BW structure to align with BU/value chain/area requirements. 
• Identify HFM improvements and changes required for BU. 
• Prepare data in TM management reporting system. 
• Prepare BU/value chain data in Ten Year Model (FST).

Formal Education

• University Bachelor’s Degree in Finance or related qualification

Working Experience

• Experience: 6+ relevant years

Certification

• CA(SA) will be advantageous