MANAGEMENT ACCOUNTANT – Water Utilities Corporation

VACANCY: MANAGEMENT ACCOUNTANT X1 (HEAD OFFICE)

Position Purpose

The role is responsible for ensuring WUC’s profitability and growth. It plays a support role to WUC’s management team in utilising financial information to inform business strategy. It sets the Corporation’s budget in order to ensure the cost-effective delivery of water services while overseeing the expenditure within approved budget limits, through budgetary controls and variance analysis at corporate level. The role is tasked with maximizing returns to the Corporation by managing cashflow and investing surplus funds, monitor loan repayment portfolio, monitor and manage the asset register. Further, this role provides support to the projects team in the appraisal of capital projects to enhance management decision.

Key Responsibilities

• Financial Sustainability Management
• Financial Budgeting and planning
• Internal Financial Reporting, Treasury Management, Tax
• Financial Risk Management, Project Accounting
• Financial Management Tools
• People Management and Functional Effectiveness
• Departmental Financial Management
• Compliance & Governance, Culture

Output and Measure

• Sustainable Gross profit margin
• Sustainable Operating profit margin, Gearing ratio
• Return on capital employed, Return on net assets
• Effective Corporation Budgeting process
• Strategy & operations enabling Corporate Budget
• Business operations enabling cash flow management plans
• Positive return on investment for operational projects
• Reduces cost of borrowing/funding for operational projects, Proactive financial risk-identifying reports
• Management Accounts for all Departments and Business Centres
• Positive business credit scorecard, Good standing tax status

Qualifications and Experience

• Bachelor’s Degree in Commerce, Finance or Accounting
• Professional Qualification: CIMA, ACCA, BICA, CPA or CFA
• Member of CIMA, ACCA, BICA, CPA
• Seven (7) years technical finance experience with progressively increasing responsibility
• Three (3) years of financial reporting experience in a large organisation
• Five (5) years supervisory or management experience.

Competencies

• Think and Act Strategically
• Decide and Initiate Action
• Provide Direction and Effective Supervision
• Effective Communication
• Plan and Property Execute the Plans (Focus on Results)
• Network, Build and Manage Teamwork
• Deliver Quality Service

 

Remuneration Package 

Salary     :  An attractive Salary Package commensurate to the market

Leave       :  25 working days per annum for Practitioner: SHEQ and 30 working days per annum for Management    Accountant

Pension  :  A Contributory Pension Scheme (16.5% WUC and 4% Employee)

Other Benefits (for all)

Group Life Assurance (24-hour coverage)

75% and 100% paid by the Corporation towards Medical Aid