Position Purpose

• Execute financial compliance and reporting at TPL, including Statutory Reporting, in line with International Financial Reporting Standards
• Execute the Treasury related activities relating to foreign transactions and working capital.
• Generate the trial balance for Transnet Pipelines ensuring the validity, accuracy and completeness of the information.
• Manages petty cash of the TPL.
• Ensure compliance with tax legislation.
• Ensure relationship with Shared Services Team is managed in line with the Service Level Agreement
• Implement sustainable internal controls within the reporting function.
• Coordination of the statutory year end audit for TPL and internal audit activities within the department.
• Acts in order to ensure that all income and expenditure are accurately and timeously accounted for. This includes:
• Accurate and timeous accounting/invoicing of revenue, product reconciliation and effective management of collections from trade debtors,
• Validity, accuracy and completeness of operating expenditure including payroll and provisions.
• Accurate and timeous accounting of interest, fair value adjustments and impairments.
• Acts in order to ensure that all asset and liabilities are accurately and timeously accounted for. This includes:
• Accurate management and calculation of provisions, accruals, contingencies etc.
• Calculation of certain critical inputs into the corporate plan.

Position Outputs

• Financial statements  Prepare financial statements in line with IFRS and the Companies Act.  Ensure the validity accuracy and completeness of monthly, half year and annual reporting.
• Treasury related functions at TPL:  Execution of hedging transactions for foreign exchange transactions in line with the Financial Risk Management Framework.  Liaise with transactional banker.  Implementation of system changes (including change in banker) to facilitate Group and Operating Division requirements.
• Cash flows of the entity  Calculates working capital and forecasted working capital of TPL.  Ensure timeous payments and collection of cash.  Executes on cash inflow and outflow forecasts and materialisation thereof to ensure that TPL is not cash deficient.  Administers cash preservation process for TPL.
• Calculation of critical inputs to the Corporate Plan:  Calculation of borrowing costs, depreciation, revaluations and finance costs for the 10 year budget cycle and 5 year corporate plan.  Oversee calculations for tax and deferred taxation for the 10 year budget cycle and 5 year corporate plan.
• Manage the implementation of internal controls:  Develop internal controls in the financial department.
• Audit processes:  Co ordinate the half year and year end audit processes to ensure that the Transnet Financial statement deadlines are not compromised.  Co ordinate communication with the external auditors.
• Trial Balance Management  Ensure all month end, half year and year end cut off procedures are adhered to.  Ensure the completeness and accuracy of all revenue recorded for the period.  Ensure the validity and accuracy of all costs recorded for the period.  Ensure that all balance sheet account balances are valid accurate and complete  Ensure tax and deferred tax are accurately calculated
• Taxation  Oversee the completion and Compliance with Taxation legislation, including Income, Vat, PAYE.  Oversee the calculation of deferred taxation for accuracy.
• Petty Cash  Manage the petty cash process within TPL.

Qualifications and Experience

• CA (SA) Eight (5) to ten (8) years of experience in financial accounting and reporting. Middle management experience (2 -3 years) in Financial Accounting.Additional Job Requirements Driver’s license code 08 Travel as required and approved Requirement of Trust and Honesty in the handling of Finances as per the National Credit Act Amendment 19