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The Purpose of the job is to provide Project Managers with project cost information by creating financial reports specifically designed to track financial progress of projects and provide critical information for strategic decision-making purposes to ensure that projects are proceeding on budget and to accurately assess and monitor project budgets. Operation Management: Match project sales and cost of sales on a monthly basis for the Division. Generate sales and cost of sales report to provide the list of all the invoices generated and cost of sales per current project. Analyse the data for correctness and completeness. Raise revenue recognition journals per project in according to the accepted accounting standard. Submit journals for approval by the Divisional Financial Manager. Update the month end reports, check information to ensure that project costs remain within budget. Identify discrepancies and provide reasons for variances as part of the monthly management report. Forecast project cost to completion: Develop and submit a Cost to Completion standard template to Project Manager together with guidelines to determine labour and material cost. Project hours until project completion in terms of: Labour rates Material cost Direct Project Cost Calculate the total cost per project for a bin-annual review according to the required format. Arrange review meetings with relevant members of the Divisional Commercial Business Unit to review cost to completion and feedback on the financial status of projects. Action approved resolutions made by the Divisional Committee: i.e. provision adjustments for possible project overruns or revenue adjustments. Prepare financial statements. (monthly) Extract an income statement report in the standard format and analyse data for completeness and correctness before distributing to the relevant Divisional Executive Managers. Provide financial information to reflect actual sales vs. cost of sales to the relevant Project Manager for reporting and auditing purposes; e.g. Sales & Operational Performance meeting. Prepare a Net profit analysis on new proposals: Issues a Net profit analysis standard template to the allocated Project Manager together with guidelines to determine labour and material cost Project hours until project completion Labour rates Material cost Direct Project Cost Calculate the net profit analysis for relevant projects according to the required format and establish feasibilities based on the analysis. Represent Finance and participate at the Steering Committee chaired by The Commercial Business Unit and present net profit analysis. Follow process as approved as per the project checklist owned by the Commercial Business Unit. Governance & Audit Establish, maintain and coordinate the implementation of accounting and accounting control procedures within area of responsibility. Maintain and manage the application of policies and procedures including the delegation of authority. Verify the input of financial data and reports for the Division's automated financial systems. Interact with internal and external auditors in completing the required audit process within area of responsibility. Revalue foreign exchange contracts on a monthly basis according to the approved rates. Audit quality assurance review. Reporting & Operation Excellence Generate monthly cost centre management reports to reflect budget vs actual. Ensure all reports are in accordance with Denel policies and procedures and PFMA requirements within the required timelines. Conduct workshops and/or training for Divisional Exco as required for Project Accounting related issues. Review and report any adverse deviations from budget per business unit to the Divisional Finance Manager. Assist Cost Centre Managers with queries and make recommendations for potential cost savings. Prepare and distribute income statement per Business unit. Human Resource Management Participate in the performance management process. Participate in staff meetings as and when required to discuss operational performance and business issues. Live the Denel Values and demonstrate behaviour that is consistent with the culture of Denel. Financial Management: Assist in compiling of the sales, Opex and capex budgets. Liaise with Operational and Project Managers to obtain input into the budgets in accordance to the overall budget guidelines. Analyse input received and identify abnormal items or discrepancies and resolve before submitting to the Divisional Finance Manager for incorporation into overall budget. Continuously to reduce cost. Relevant degree in Accounting equivalent to NQF 8. Registration with professional bodies: Chartered Institute of Management Accountant (CIMA) or Chartered Accountant (CA). 5 years' accounting experience in a project accounting environment responsible for analysing financial data, prepare financial reports, statements and projection. Competent knowledge of International Financial Reporting Standards (IFRS) and Public Finance Management Act (PFMA), SARS and any relevant legislation Competent knowledge of statutory financial regulations Competent knowledge of financial and accounting software applications. Competent knowledge of Project Management principles. Competent knowledge of project accounting, management reporting and cost accounting processes. Ability to analyse financial data and take appropriate actions including advising management on emerging risks to achieving strategic objectives. Expert knowledge of MS Office Apply Now

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