Financial Accountant

Title: Financial Accountant

Weir Minerals AME Region:

Location; Kitwe, Zambia

Wei has been in business since 1871 and our sustainability and success has been built on attracting, retaining, and developing exceptional people.

As a global company, we reflect the diversity of our customers in the diversity of our people and ensure everyone is given the opportunity to flourish regardless of their gender, race, beliefs or background.

We offer a wide range of career opportunities across a variety of technical and business roles in engineering, manufacturing and service locations worldwide.

Enabling our people to unleash their full potential is central to ‘We are Weir’, our vision, mission, and strategic priorities. We aim to be the most admired engineering business in our markets and we’ll achieve that ambition by being the employer of choice in our markets.

Weir is an inclusive and innovative organisation where you can be your authentic self. We continually develop our talent and diversity of thought to keep our business relevant, innovative and successful for the future.

Business Need/Purpose of Role:

The Zambia accountant will be responsible for the in-country financial and regulatory requirements. Assist country managers in as far as financial and compliance controls goes. Assist with customer and maximizing the collections from customers in the region. The in-country accountant will also be responsible for the bank administration for their portfolio.

Travel will be required to assist Sales staff in assisting customer (financial reviews and possible tender processes from a financial perspective).

In country tax compliance adherence and advice.

Job Requirements:

Minimum Qualifications:

BCom Honours Degree

Minimum Experience:

At least 2 years related experience post articles in a similar function

ERP system experience (preferably LN BAAN)

Must have Tax experience in Zambia and DRC

Computer literacy (MS Office Suite) – excellent working knowledge of Excel

French speaking (written and verbal) if possible

Key Tasks:

Orders, sales and cost of sales

Required to perform Weekly and Month end reporting: Weekly Input Report, Royalty calculation, Bi Monthly, TM1 & COGNOS Month end sales reporting for WMSA region.

Input, Output and Margins Budget schedule updated compared to actuals for WMSA Region.

Required to coordinate and resolve pricing and costing issues that arise from Product Managers and Regions.

Prepare sales budgets and forecasts per product and Region per month in TM1 format compared to actuals

Assist with Product Manager/Regional/Branch Manager sales reporting queries

Perform adhoc sales reporting queries.

Develop & check Reports from Power BI for Daily, weekly and Monthly Reporting.

Margin Review Meeting preparation.

Quarterly Complete (incl Inter Co) order book Confirmation.

Fixed assets

Allocate asset numbers

Capitalize assets and disposal

Ensure depreciation is calculated accurately and completely

Closure of FAM module

Maintain Capex Register

Ensure Capex Applications completed and submitted for required approval.

Upload Approved Capex on Group Portal.

Monthly Depreciation run.

Physical Asset Verification

Ensure fixed asset recons completed and reconciling items cleared for review.

Impairment exercise done annually.

COGNOS updated with all Fixed Asset Information.

Country by Country Reporting.

General Accounting

Implementation of new standards and interpretations

Prepare detail account reconciliations for all balance sheet accounts

Prepare journals required in line with calculations and allocations, ie Leave pay Accrual, etc

Resolving reconciling items within 60 days including staff debtors

Review payroll journal before upload

Balance intercompany – calculate GIT and expense accruals to ensure intercompany are reconciled

Prepare and perform intercompany recharges

Review all intercompany shipping trackers

Perform applicable markup journals

Perform intercompany interest calculations

Prepare IFRS 16 interest calculations and maintain relevant up to date lease schedules

Review expenses and ensure that all accruals have been provided for on a monthly basis

Prepare warranty calculations on all 3rd party sales

Cost Centre Owner Report with Commentary on variances to Budget/Forecast.

Minimum Skills/Abilities:
Able to meet deadlines and results driven

Banking, treasury and hedging

Review Bank reconciliations

Review and release bank payments

Review cashbook payment batche

Review forex deals on TMS

Prepare Forex grids

Prepare cashflow forecast (minimum 12 weeks)

Maintain unpaid batches on LN- investigate why batches have not been processed through the bank account and are still pending

Royalty and management fee accruals, audit preparations and payment co-ordination including DTI and reserve bank approvals

System Maintenance

Finalize LN peer journals

Loading of vendor bank details on LN

Cost Centre and General Ledger maintenance

Record keeping

Saving of supporting documentation in line with the SOP’s

Supply tax compliance documentation in line with requirements and requests

Update and Develop SOP’s.

Any other additional duties, as required.

Ensure adherence to all HSE and housekeeping requirements

Assist with any ad hoc queries

Adhere to Duty of Care Policy at all times

Adhere to all SHE and housekeeping requirements

Adhere to Duty of Care Policy at all times

Must be willing to travel to DRC to customers accompanying Sales staff

We take pride in providing a quality workplace and promoting equal opportunities for all. Interested candidates who meet the above minimum requirements are invited to apply

If you have not heard from the Company 10 working days after the closing date, please accept that your application was unsuccessful