Financial Manager : Rompco
Sasol
Gauteng, South Africa
11d ago

Closing date : 23 August 2018

Operating entity : Sasol Energy

Geographical area : Sandton, Gauteng, South Africa

SASOL ENERGY

The Energy business manages the marketing and sales of all Sasol’s oil, gas and electricity products in Southern Africa.

In addition, our mandate is to oversee the growth of Sasol’s direct liquid fuels marketing presence, with a strong bias toward retail outlets in Southern Africa.

Internationally, we are responsible for Sasol’s gas-to-liquid (GTL) business ventures based on our proprietary technology, creating higher-value products

ABOUT THE ROLE / PURPOSE OF THE JOB

To ensure effective, accurate and timely reporting of financial results to internal and external stakeholders of ROMPCO in South Africa and Mozambique are accurately and timeously reported and taxation is correctly calculated and paid over to the respective revenue authorities timeously.

Participates and provides input in business decision making, financial management of the entity and also ensures the effective management of the financial team.

Effective reporting of governance matters in the entity. Budgeting, forecasting and scenario planning for business decision making and effective investments.

Supports the Regulatory Reporting process and tariff regime, Treasury management, hedging and foreign currency risk management.

Effectively managing costing of and reporting on Operating and Maintenance (O&M) and Management and Administration (M&A) agreements, integrating between ROMPCO, Sasol Energy and Satellite Operations.

FUNCTIONAL OUTPUTS

  • Accurate processing of the accounting and tax effect of transactions to produce accurate and complete financial statements.
  • Submission of stand-alone Entity Annual Financial statements.
  • Submit all statutory returns to appropriate authorities.
  • Manage the process of the completion of all calculations for all bi-annual provisions (i.e. rehabilitation provision).
  • Prepare and submit position papers on accounting treatments to Reporting Practices Committee.
  • Manage relationship with External & Internal auditors.
  • Detailed understanding of HFM reporting pack and the accounting manual.
  • Ensure that Annual, provisional and deferred tax computations are correctly performed and submitted within deadlines, for both the SA Company and the Mozambique branch, to ensure compliance with tax laws and to avoid penalties(In conjunction with PSS Tax)

  • Consider and evaluate all tax enquiries and take appropriate action.
  • Review and submit the corporate tax pack.
  • Manage the process to ensure compliance to both national and international tax laws and relevant regulations.
  • Review tax and deferred tax accounting / disclosure with support from BU Tax advisor
  • Ensure VAT & IVA returns are prepared and submitted correctly and timeously. Withholding tax on foreign dividend is correctly calculated and paid to SARS.

    Ensure long term debt is correctly updated with rate resets and paid in terms of agreement.

    Provide the necessary information within prescribed deadlines to external and internal auditors to ensure audits are seamless and completed timeously.

    Compilation of the budget and analysis thereof.

    Provide accurate and complete information to shareholders for their year-end reporting requirements.

    Income / Profits support

  • Analyse pricing & volume variances.
  • Analyses actual results against budget.
  • Financial accounting function
  • Ensure the integrity of the GL accounts and the structure of the ledger.
  • Manage General Ledger operations for the Entity
  • GL Reconciliations - Manage GL reconciliation process which includes all the GL accounts feeding into the financial accounts and management accounts.

    Governance and control

  • Preparation of governance, operations committee and board papers. Ability to present to Governance forums, Board of directors and Shareholders
  • Qualifications :

  • CA (SA) with 4 to 7 years post articles work experience
  • Experience :

  • Proven managerial experience
  • Proven financial reporting skills and financial systems knowledge (HF, TM1), including financial modelling skills
  • Working knowledge of SAP
  • Current knowledge of IFRS and application to Joint Ventures, relevant Companies Act and South African and Mozambican Tax knowledge
  • Strong stakeholder management skills - ability to present in governance forums, board meetings and shareholder meetings
  • Knowledge of regulatory reporting and tariff regime would be advantageous
  • Working experience within the gas industry
  • Treasury and foreign currency management experience, including experience in dealing with financial institutions
  • Previous experience with Mozambique people and culture wil be a preference
  • KEY COMPETENCIES REQUIRED

  • Self-Mastery
  • People leadership
  • Partnership leadership
  • Business leadership
  • Strategic leadership
  • Accounting
  • Contributing to Organisational Operating Decisions
  • Data Gathering and Analysis
  • Financial Analysis
  • Financial Operations
  • Financial Planning and Reporting
  • Financial Stakeholder Relations
  • Financial Systems
  • Legislative and Regulatory Compliance
  • Risk Management
  • Strategic Thinking / Business Analysis
  • Note : Failure to provide Sasol with truthful information and valid documents will render your application null and void.

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