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PURPOSE OF THE POSITION:  

To provide strategic decision support to management by providing timely and accurate financial insight and data, to add value to key decisions within the organisation. Additionally, the incumbent is responsible for the leadership of the management accounting function in the organisation with the ultimate goal of enabling the business to increase market share and maximize profitability for the attainment of short to medium-term sustainability.

QUALIFICATIONS & EXPERIENCES:

• Bachelor’s degree in management accounting or financial accounting with 3-5 years of relevant management accounting experience in a corporate environment.

ADDED ADVANTAGE:

• Postgraduate degree in Management Accounting or Financial Accounting or a registered Chartered Accountant.
• CIMA holder or CIMA strategic level.

KEY ACCOUNTABILITIES:

Manage Financial Information Reporting

• Prepare monthly COGS reports as input to the final management accounting pack.
• Present monthly financial results to the Senior Leadership Team.
• Identify and monitor external business risks and opportunities.
• Compile monthly management reporting with accurate and valid commentary on company performance.

 Plan and Process Interim and Annual Budgets

• Drive the interim and annual budgeting processes for the organization.

Process of Cost Control within the Business Units

• Manage, monitor, and influence the process of cost control for the entire business, by guiding and advising Cost Centre controllers on new budgeting techniques, efficient planning, and cost control.
• Report and advice on all major discrepancies (over and under-spending) requiring attention, and their impact on the financial performance of the company.

Manage, Control, and Maintain Product and Project Costing

• Review financial feasibility studies for new products and projects being researched and tested by supplying financial information to the GATE process.
• Organize and communicate Operational Costs (cost of goods sold, cost of capacity, and other costs related to ongoing expenses) and cost information according to standard conventions and use judgment to determine which costs are relevant for the decision.
• Analyses cost data using established and cutting-edge costing systems and methods. Selects the appropriate costing system (methods such as activity-based costing, process costing, joint cost allocation, departmental costing, and job costing) under a particular set of circumstances.
• Applies Strategic Cost Management techniques and methods to manage costs across the organization. Leads and supports the financial planning, analysis, and budgeting process for high-investment projects of up to 1 year.
• Keep abreast of project expenditure to ensure profitable and/or cost-controlled projects, in collaboration with relevant stakeholders.
• Provide specialist advice and coaching in project execution, where necessary.

Manage Month-End Procedure

• Supervise of the ND Management Accounting department
• Plan, organise and supervise the department by:
• Identifying priority action areas from the ND strategic and business plans and develop an annual departmental strategic plan with clear objectives, ensuring key focus areas are executed and implemented.
• Setting departmental, personal, and subordinate KPIs and objectives and manage performance as per the O&L Performance Management Policy, Procedure & System.
• Delegate authority and assign responsibility to the Management Accounting Department.
• Build effective inter- and intra-departmental relationships.
• Enforce discipline and compliance with policies and procedures.
• Facilitate and ensure personal and subordinate training and development.
• Provide and enable resources to ensure the deliverance of effective & efficient accounting processes.

Enabling the creation of sustainable value in accordance with Mission and Vision Statements

• Implement industry Best Practices in Strategy Formulation                    
• Research, evaluate, and communicate supporting information to determine Key Success Factors (KSFs) for sustainable revenue generation.
• Assesses the relative merits of investment options based on investment type. Provides research and input on alliance and reorganization activities.

Alignment of the organization’s resources and success factors to build a sustainable organization

• Assist SLT and relevant departments in developing their one-year strategic plans.
• Inform management of early indications of risks to the plan and opportunities where possible.
• Engages cross-functionally with relevant stakeholders on strategic plans and coinciding budgets.
• Analyse the high-level strategy in order to cascade the strategic objectives into operational objectives and budget for own department.
• Analyse data using spreadsheets, database tools, forecasting tools, and reporting tools proactively to access and present information in support of business decisions

Decision-Making under Uncertainty

• Performs and communicates the significance of a cost-volume-profit (CVP) and sensitivity analysis in relation to operational and strategic goals.

Closing date: 12 December 2024

 O&L - a Great Place to Work.

Applicants meeting our requirements are invited to apply. O&L Group of Companies is an Equal Opportunity Employer.

    "This position is subject to a pre-employment screening and vetting process, and by applying for this position, applicants acknowledge that they are aware that the Company reserves the right to carry out screening and pre-employment vetting for all shortlisted applicants. Certificate of Conduct issued by the Namibian Police (not older than 6 months) may be required from all shortlisted applicants."

Requisition ID: 4440