Website Mintek
Mintek, South Africa’s national mineral research organisation, is one of the world’s leading technology organisations specialising in mineral processing, extractive metallurgy and related areas. Working closely with industry and other R&D institutions, Mintek provides service test work, proc… read moreess development and optimisation, consulting and innovative products to clients world-wide. Mintek is an autonomous statutory organisation which reports to the Minister of Mineral Resources. About 30 per cent of the annual budget of R390 million is funded by the State Science Vote, with the balance provided by contract R&D, sales of products and services, technology licensing agreements, and joint-venture private sector companies. Mintek has about 780 permanent staff members, over half of whom are scientists, engineers and other technical R&D specialists. Mintek as a company operates within the complex and challenging economic and social landscape that characterises South Africa. Added to this responsibility is the task of operating effectively in the global environment, and satisfying the demands of a knowledgeable customer base. Specialties Research in mineral processing extractive metallurgy and mineral beneficiation. 200 Malibongwe Drive, Strijdom Park, Randburg
Job description
Management Accounts
Draw and analyse management reports per allocated division
Through analysis, ensure that all revenue and expenditure is processed to the correct GL accounts . Where incorrect postings are identified, investigate and correct through journalisation.
Establish root cause of incorrect postings and take corrective action to avoid in future incidents.
Perform monthly period-end procedures, and related analytical functions when required.
Investigate budget variances and report to Mintek management.
Compile monthly management packs for SBU’s inclusive of management accounting and project information as required.
Budget Management
Provide financial input to divisions with annual budgeting and regular forecasting.
Perform trend analysis per division to assist divisions in accurate budgeting. Advise SBU managers on common mistakes.
Set-up of divisional budget templates and assist with all budget reviews by giving guidance to divisions and compilation of budget packs.
Perform calculation of annual labour rates per division.
Provide financial advice to SBU’s with determination of cost recovery rates.
Control budget transfers on IFS (Opex vs Capex)
Control and monitor the actual expenditure relating to CAPEX against budgeted CAPEX targets as well as handling issues arising from the CAPEX process related to management accounting and project issues.
Project Administration
Ensure that the SAP Project Administration system is adhered to by reviewing and evaluating processes, ensuring compliance with SOP’s.
Review individual project establishment through supporting documentation. After establishing compliance with SOP’s, release the project on the system.
Evaluating and monitoring accuracy of projects through review of planning documentation and actual revenue/expenditure.
Review monthly billing of projects and release to FI IFS.
Monitor, reconcile and exercise control over SBU financial functions.
Review revenue reserves for reasonability and perform sample calculations to ensure that revenue recognition is accurate.
Other
Liaise and co-ordinate with auditors and SBU managers.
Completion and submit statutory returns to the South African Reserve Bank and STATS SA.
Regular feedback sessions with SBU managers regarding their financials and report to Head: Budget and Project Management.
Assist with business improvement and cost reduction initiatives within business units.
Liaise extensively with other departments in Finance and within larger company environment.
Minimum requirements
QUALIFICATION AND EXPERIENCE
BCom Honours Degree or equivalent qualification
3 to 5 years’ experience in management and cost accounting environment
Computer literacy (MS Windows, Word, Excel). IFS will be an advantage.
Project Management experience is essential
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