Specialist – Statutory and Management Reporting Accountant Tempo Inteiro

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:

• Leadership and behavioral competencies;
• Strategic thinking – Intermediate;
• Communication – Advanced;
• Problem solving – Advanced;
• Results orientation – Advanced.

Technical competencies

• Financial and business analysis – Expert;
• Financial planning – Expert;
• Budgeting – Expert;
• Financial operations – Expert;
• Financial reporting – Expert;
• Regulatory and compliance – Advanced;
• Attention to detail – Expert;
• Risk management – Intermediate.