GBLCAREERS

To execute the [BU] budgeting and forecasting process and deliver on the reporting requirements for [BU] in line with accounting principles and corporate policies and procedures.

To assist with the implementation of corporate governance policies and projects.

Financial Planning and Budgeting

• Detail top-down budget, that aligns with Financial Planning area guidelines.
• Distribute guidelines specifying requirements, parameters and timelines for the budget process to the relevant stakeholders in [BU] function – solve all queries according to parameters defined or escalated
• Facilitate budget allocation according to parameters set by VF SM
• Realize bottom-up allocation of budget based on inputs from [BU] and line managers of [BU] function
• Prepare all documentation of [BU] budget

Update budget/ review financial forecasts based on the operational assumptions from the business – follow guidelines defined by VF SM or

• Manager
• Review all submissions. Ensure these are complete and reasonable and prepare necessary documentation. Escalate anomalies / red flags
• Prepare all documentation related to all submissions (OPEX, CAPEX, Headcount, IS Equipment, Project Costs, Revenue Assumptions, Cost of Sale Assumptions)
• Submit all relevant assumptions for the budget and forecast processes to the relevant tools as used
• Collect, collate and store all supporting documentation for budget/forecast motivation

Controlling

• Monitor actual against budget on all assumptions – escalate and raise flags based on pre defined requirements
• Identify operational forecasts impact in unit´s budget
• Propose opportunities to improve and to correct budget management
• Ensure that only valid and accurate accruals are processed
• Analyse budget expenditure. Identify variances and make recommendations for corrective action.
• Proactively make recommendations to improve budget management
• Review supplier contracts implications on the budget
• Control requisitions above / below a predetermined amount to ensure the existence of the budget
• Ensure that actual vs. Budget comparisons for all assumptions are prepared by relevant areas
• Prepare Actual vs. Budget comparisons for all OPEX for relevant areas
• Compile all required data to support Audit process (internal and external auditors)

• Produce all detailed operational and financial KPIs for the respective unit/ function
• Liaise with IS to ensure all data information for KPI production is extracted. Escalate issues
• Apply business rules in all KPIs production
• Produce all required reports/ dashboards within the predefined parameters/ templates and within agreed timeframes
• Support production of finance commentaries, with specific focus on interpretations of variances
• File and store all reports/ documents

Customer Satisfaction (internal)

• Ensure all customer queries are attended to and resolved within agreed SLA’s
• Respond to queries raised by internal customer, under predefined parameters
• Follow-up  on queries for relevancy, prioritisation and route of resolution
• Adopt a proactive approach to prevent problems from arising in the future
• Initiate change to continually improve all aspects of service delivery
• Weigh up the pro’s and con’s of each solution to provide the best service to customers
• Consider the implications of actions to be taken for the customer / the effect of actions on the customer
• Provide advice on the best approach to reach the best results
• Deliver first time right service excellence
• Establish, maintain and improve positive and constructive work relationships with the customer areas

Education:

• Matric with accounting and/or  book keeping diploma

Experience:

• At least 2-3 years accounting / financial control experience

Training:

• Accounting Systems training
• Computer training
• Accounting standards

Knowledge:

• A broad understanding of the MTN business
• An understanding of Finance terminology and processes (e.g. budget, expenditure, investment, loan, cash-flow, working capital, forecasting, variance analysis, cost)
• Knowledge of current and relevant legislation
• Sound knowledge of basic accounting principles such as debits, credits, assets and liabilities
• IFRS knowledge

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