Finance Controller (EE) - Cape Town

About Us

A career at Hitachi Rail will help create a legacy. With operations in every corner of the world, our work goes to the cutting-edge of digital transformation and technology. From the multi-cultural strength of our global organisation to the sustainable and innovative ways we work to bring people together, theres something for everyone to get stuck into. And thats where you come in.

Cape Town, South Africa (Hybrid)

PURPOSE

The primary responsibility of the Project Controller is to oversee the financial management and related risks of the local transportation business.

GENERAL ACCOUNTING

General accounting

• Oversee the input for transactional processing by the finance team to the outsourced service provider.
• Manage the operational requirement of the Service Level Agreement for transactional processing, including the improvement of efficiencies.
• Compile Standard Operational Procedures as guidelines for the monitoring and controlling of the outsourced transaction and reporting services.
• Ensure the monthly performance and review of general ledger accounts reconciliations.

Reporting

• Compiling of monthly management accounts for financial performance measurement, namely, monthly Business Operations Review pack for the South African transportation operations.
• Provide analytic insight and hindsight on actual and forecast financial performance of the entities.

Compliance and statutory

• Compile annual financial statements for all Southern Africa legal entity.
• Manage interim and year-end audit process and requirements with external auditors.
• Ensure effective and compliant internal control systems in line with best practice and Group Internal Control Questionnaire and Yearly Annual Letter.
• Ensure entities are compliant with all local tax legislations, including Valued Added Tax, Custom duty and Company tax.
• Ensure compliance with data protection and local legislations requirement for Finance.

Budgeting and Forecasting

• Compiling annual budget plan for Southern Africa entity, including aligned budget guidelines and plans to set targets and strategic objectives.
• Financial forecasts / Planning Cycles
• Monitoring and challenging of assumptions informing quarterly forecast updates.

Project controlling

• Align and manage financial situation and flow through to all entities
• Financial Management of Consortium, incl. guarantees
• Risk Management, describe and calculated risk mitigation actions
• Earned Values Analyses for customer report
• Management of Budgets for subcontractors, check invoices against subcontract, approve invoices and escalations
• Management of project milestones
• Claiming / Invoicing / Escalation calculations & claims for the consortium and TSAS
• Cash Management
• Tax and VAT management internationally
• Revenue recognition

Business Practice

• Work together with other entities including (Country, GBU & Regional) to ensure financial bid process is applied
• Work together with other Hitachi Rail companies as appropriate to ensure bid submission in accordance with group financial interests
• Work together with Other departments (sales, legal, contracts, procurement, , projects) to maximize probability of successful tenders & project execution

Qualifications & Experience

• Qualified accountant (CIMA/ACCA/CA) with strong commercial and technical accounting experience, preferably with exposure to contractual law and tax.
• Minimum of 10 years of experience, including:

• Project accounting
• Insurance
• Costing
• Tax
• Foreign exchange
• IFRS

Technical

Ability

• Analytical
• Work in pressurised environment
• Attention to detail
• Plan and prioritize time

Interpersonal Skills

• Excellent written and verbal communication
• Team player
• Negotiation
• Drive
• Integrity

Knowledge

• MS Office
• Chorus
• Accounting Principles & IFRS
• Project Finance and Accounting
• Project Contracts
• Understanding of ERP Systems
• Insurance Law & principles
• Financing Law & Principles
• Tax Law & Principles
• Foreign Exchange law & Principles
• Commercial Law & Principles

Thank you for your interest in Hitachi Rail. If your application is of interest, we will be in contact. Please do not hesitate to discover more about us and our latest jobs at https://www.hitachirail.com/careers.

At Hitachi Rail, there is a place for everyone. We welcome and value differences in background, age, gender, sexuality, family status, disability, race, nationality, ethnicity, religion, and world view. It is our commitment to create an inclusive environment - we are proud to be an equal opportunity employer.

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