Specialist – Statutory And Management Reporting Accountant

The Republic of Mozambique Pipeline Company (ROMPCO) intends to recruit one (1) Specialist – Statutory and Management Reporting Accountant, based in Maputo.

Job purpose

To prepare branch annual financial statements;
To review the Trial Balance for compliance to Moz Gaap and IFRS on a monthly basis;
To prepare INSS Reports;
To prepare management reports;
To prepare statutory report submissions;
To manage the cash and liquidity management strategy;
To assist with repatriation of funds from Mozambique to South Africa;
To monitor the individual budgets of ROMPCO functions;
To develop and update the financial forecasting model and cash flow forecasts for Mozambique;
To respond to ad hoc shareholder requests;
To act as technical advisor/expert on all matters pertaining to financial reporting, compliance and standards;
To perform monthly fixed asset accounting and reporting, this includes creating projects on system, creating asset master data with correct useful lives, capitalizing assets on BO date, monthly depreciation runs, etc.;
To perform selected general ledger maintenance activities to facilitate segregation of duties;
To perform selected general ledger reconciliations – To monitor and report on the Finance Business Scorecard.

Long-term objectives

Assist in developing long-term financial strategies and targets;
Report on ROMPCO’s finances and business performance in an accurate and compliant manner;
Ensure continuous compliance with all statutory reporting requirements.

Short-term objectives

Define the annual finance strategy and financial targets;
Aid in delivering overall ROMPCO budget and financial forecasts and in developing cost-control initiatives;
Deliver ROMPCO branch financial statements;
Develop capital expenditure plans to ensure liquidity;
Fixed asset reporting.

Responsibilities

Key Responsibilities:

Finance Function

Act as technical advisor/expert on all matters pertaining to financial reporting, compliance and standards;
Support and provide input into the development of function budgets.

Financial Strategy Definition

Analyze ROMPCO’s external financial/business environment and financial position;
Aid in developing the Finance function vision, mission, KPIs and goals;
Develop/amend finance policies/processes.

Budgeting and Control

Develop/update the financial forecasting model;
Produce short- and long-term forecasts for ROMPCO;
Track actual ROMPCO spend against annual budget per function;
Recommend budget adjustments and cost control initiatives for functions.

Financial reporting

Prepare budget variance and cost management reports;
Prepare financial and operational KPI reports;
Produce management reports;
Produce financial reports;
Develop and implement corrective, preventative and continuous improvement initiatives;
Ensure repatriation of funds based on financial reports.

Treasury

Produce monthly and annual cash flow forecasts;
Implement the cash and liquidity management strategy;
Determine capital needs, and develop investment policies and annual investment plans;
Manage cash and cash-equivalents – Manage bank accounts;
Oversee foreign currency transactions.

Qualifications

Minimum qualifications:

Bachelor’s degree in Accounting, Finance or Economics.

Minimum experience

6+ years of relevant work experience;
Financial and accounting background, including an understanding of cash flow management and general finance;
Strong technical knowledge and understanding of the IFRS, and all other financial reporting, compliance and standards;
Experience in producing financial statements and reports;
Experience in managing budgets for a company with a turnover > USD 150mn, and across multiple geographies;
Working knowledge of SAP (or similar ERP systems and tools);
Demonstrated ability in developing accurate financial forecasts;
Experience in treasury management and optimization of working capital;
Experience in regulatory reporting would be an advantage.

Competencies

Competencies/Skills: