Chief Accountant

Location ZA-Cape Town
Requisition ID
2020-14784
Business Area
Global Shared Services
Category/Discipline
Accounting, Finance & Controlling
Posting Position Type
Permanent Employee

Local Unit & Position Description

What is the purpose of the position and the prime reason for its existence?

With the purpose of conducting a standardized, high quality and cost-efficient support function, GSS (Global Shared Services) Finance has re-organized its Middle Eastern and Africa operations into a center responsible for defined finance processes and transactional tasks in Dubai (will move to India). The Chief Accountant will be based in Cape Town, South Africa where there are 2 other Chief Accountants covering countries in Sub Sahara Africa.

The Chief Accountant oversees, reviews and evaluates the corporate compliance program on the local level, which includes internal control procedures and policies. The Chief Accountant ensures that management and employees comply with local rules and regulations and that corporate and company policies are being followed. The Chief Accountant is accountable to GSS management, in all compliance matters as listed in the job purpose. Accountability is achieved through providing stewardship on compliance matters for BA (Business Area)/GSS management in the Region.

Work to be performed/major duties:

  • Responsible for all statutory reporting and compliance for the  legal entities.
  • Drive standardization of accounting processes and recording of transaction in collaboration with the Global Shared Services (GSS)center
  • Drive standardization of the chart of accounts and cost center structure for the legal entities
  • Work with Business Controllers and GSS to standardize daily, weekly, monthly and annual reporting
  • Monitors share capital development and dividends and makes sure that equity rules and dividend payment rules are followed and are legally compliant (eg. thin capitalization rules, limits to dividends, WHT on dividends, dividend reporting).
  • Ensures compliance with Group accounting standards, International Accounting Standards, Statutory and Tax rules
  • Oversees tax compliance, supports in tax reviews, supports in preparation of tax reports and tax calculation for annual group and statutory accounts.
  • Oversees compliance to statutory rules, act as the main support in annual audits and preparation of annual statutory accounts and notes
  • Coordinates and facilitates in Internal Control matters
  • Prepares companies for Internal Control visits and participates in Group Internal Control visits.
  • Main contact point for general accounting processes and group reporting, which includes providing input to specific accruals and provisions, Intercompany invoicing, investments and asset reviews, revenue recognition and questions on non-standard or complex journal entries.
  • Take active steps to reconcile and pay all Intercompany balances in line with GSS Finance goals and KPI’s, taking into account local exchange control regulations.
  • Acts as main contact point towards auditors and outsourcing partners including tax advisors and local accounting service providers
  • Perform Cash management tasks for the legal entity including opening Group Treasury-approved bank accounts, closing previous bank accounts and ensuring bank reconciliations are up-to-date. Ensure there are joint bank signatories for each bank account.
  • Support key strategic projects e.g. Finance system roll-out

Position Qualifications

Qualifications:

 

Required education and level:

  • Professional Accounting qualification – Chartered Accountant South Africa CA(SA), or equivalent
  • Educational degree in Finance
  • 5 years of experience working as Finance or Compliance Manager
  • Solid experience from a global Finance organization in an international company. Good understanding of all key business processes across functional areas. Experience working in Oracle is an advantage.
  • Portuguese language skills

 

Characteristics of successful employee:  

  • Fluent in English  - written and verbal communication skills. Nice to have Portuguese.
  • Sharp judgment and good communication skills
  • Positive attitude, customer centric mindset and the willingness to go the extra mile to meet organizational goals.
  • Ability to read, analyze, and interpret documentation and various financial reports

 

Company & Business Area Description

DNV GL is a global quality assurance and risk management company. Driven by our purpose of safeguarding life, property and the environment, we enable our customers to advance the safety and sustainability of their business.

We provide classification, technical assurance, software and independent expert advisory services to the maritime, oil & gas, power and renewables industries. We also provide certification, supply chain and data management services to customers across a wide range of industries.

 

Combining technical, digital and operational expertise, risk methodology and in-depth industry knowledge, we empower our customers’ decisions and actions with trust and confidence. We continuously invest in research and collaborative innovation to provide customers and society with operational and technological foresight.

With origins stretching back to 1864 and operations in more than 100 countries, our experts are dedicated to helping customers make the world safer, smarter and greener.

 

The Global Shared Services (GSS) organization within DNV GL provides high quality, cost effective services and processes within Human Resources, Finance and IT, based on requirements defined by the business areas and Group. GSS also develops central competence for distinct services, projects and development and will support policy, procedures and system implementation on a global, regional, and local level.

 

GSS is about bringing a team of true process experts together, going for professional service levels at industry standards, and offering centers of expertise for competence based advisory. We are driven by people’s competence and motivation to help and support the business areas. As a member of the GSS community you act in a professional, multi-cultural, competent and service oriented environment with good possibilities to enhance your personal competencies and expertise, and to build a strong network with colleagues around the world.

 

Equal Opportunity Statement

DNV GL is an Equal Opportunity Employer and gives consideration for employment to qualified applicants without regard to gender, religion, race, national or ethnic origin, cultural background, social group, disability, sexual orientation, gender identity, marital status, age or political opinion. Diversity is fundamental to our culture and we invite you to be part of this diversity!

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