The MultiChoice Group is a multinational media and entertainment group headquartered in South Africa with presence in amongst others the Netherlands, Dubai and the UK with principal operations in pay television (pay-TV), Subscription Video on Demand (SVOD), advertising and content security. Brands within the MultiChoice Group include DStv, GOtv, SuperSport, M-Net, DStv Media Sales, Showmax and European-based content security leader Irdeto. We’re proud to say we serve 20 million subscribers across more than 50 African markets, with a successful history of identifying and adapting to industry trends, allowing us to continuously deliver the best in entertainment.
By joining our passionate and creative team, you can help us achieve our objectives of expanding our pay-TV and SVOD (Subscription Video On demand) subscriber bases, improving advertising sales, spearheading cutting-edge technology, supporting local content and providing an exceptional customer experience.
Join Africa’s most loved storyteller!
Reports to: Record-to-Report Financial Manager
Direct Reports: 3
Division: Finance
Department: Shared Services Centre
Key Customers
Internal: Finance Business Partners, Group Reporting Team
Purpose of the Position
- To take responsibility for the fixed assets processes, governance and reporting.
Key Performance Objectives
Governance, Controls & Policies
- Take responsibility for the development, implementation and maintenance of robust controls, procedures and policies
- Ensure relevant processes implemented and documented for all fixed assets and Revenue, Stock & Subsidy activities
- Compile and update risk control matrix and ensure relevant controls implemented to mitigate these risks
- Identification of control weaknesses and recommendations for improvements
- Monitor compliance to accounting policies
- Ensure compliance to policies, internal controls and external audits
- Support internal audits and ensure that any findings are resolved
- Ensure that all external audit findings are addressed and relevant controls/remediations are implemented
- Assist in the improvement and development of processes and systems for accounting purposes
- Work with cross functional teams within Shared Services and the business to ensure compliance, accuracy and efficiency in financial areas
- Enforce governance of the Fixed Assets policy and recommend policy enhancements
- Support the Finance Shared Services Innovation team in governance initiatives
Month end and Year end
- Responsible for Fixed Assets and Revenue, Stock & Subsidy accounting
- Responsible for the month end and year end reporting
- Provide direction, oversight and management to the team
- Ensure accuracy and completenss of fixed assets regiseter. Alignment to tax asset register
- Work with business partners and other Finance Shared Services departments to ensure an accurate and efficient month end close for fixed assets and Revenue, Stock & Subsidies Responsible for reviewing and approving journals and ensure accurate processing in SAP Manage the monthly HFM process including Loading, Validations, Disclosures for fixed assets – Ensure fixed assets accurately reported in Income Statement, Balance Sheet and Cashflow Responsible for accurate lease accounting
- Provide relevant Fixed Asset and Revenue, Stock & Subsidy repoting to business
- Ensure that Balance Sheet accounts are accurately recorded and reconciled as per the reconciliation policy.
- Review balance sheet reconciliations, ensure relevant supporting documentation to substantiate the balances, identify issues and action plans to resolve
- Develop value added reports to provide to Finance Business Partners
- Review reports prepared by the team and send them to the applicable Head of Finance
- Resolve queries received from business partners
- Consult with the Tax Team on applicable matters related to month end close
- Support the Annual Financial Statement and Statutory Pack process. Provide relevant fixed assets disclosures
- Manage external audit queries and assist auditors
- Work with cross functional teams in the shared services and business to ensure compliance, accuracy and efficiency in financial areas
Operational
- Socialise policies and procedures with business. Provide necessary support to guide the business
- Develop and distribute relevant Fixed Assets and Revenue, Stock & Subsidy reports
- Monthly meeting with various business units to understand requirements
- Timely & relevant delivery of analysis, insight and actions
- Drive and monitor KPIs and implement initiatives to ensure improvements. Ensure that all relevant and strategic KPIs are reported
- Initiate and manage the improvement of processes
- Standardisation of processes across the BUs.
- Automation and streamlining of processes
General
- Assist the Record to Report Senior Manager on strategic finance projects as determined by the Head of Finance Shared Services
- Ad hoc projects that arise on a continuing basis
- Analysis and financial modelling
- Attend to business partner queries
- Manage, improve and develop relationships with internal & external stakeholders
- Consider the impact of solutions on other areas of Finance and the business, as well as the interdependency of units
- Support the Finance Shared Services Innovation team on projects
Qualifications
- CA (SA)
Experience & Skills
- Minimum 1 year relevant experience in a similar role