Financial Accountant - Cape Town
Globeleq
Accounting & Finance
South Africa
Posted on Dec 13, 2024
For more than 20 years, Globeleq has been a long-term investor, developer, owner and operator of diversified power projects in Africa, where the company is one of the largest Independent Power Producers. With nearly 1500MW of generation capacity in operation across 16 power plants in 7 countries, 488MW of new power projects in construction and >2,000MW in development, Globeleq is one of the largest independent power producers solely focused in Africa. Globeleq is 70% owned by British International Investment and 30% by Norfund, the development finance institutions of the UK and Norway, and has a proven track record for supporting the ongoing development of the African power sector.
Globeleq’s various generation technologies include gas, wind, solar PV, battery energy storage (BESS), and geothermal. The company is also actively pursuing new opportunities which are emerging from the energy transition, including desalination projects powered by renewables, as well as green hydrogen and ammonia projects.
In this role, the Financial Accountant is responsible for ensuring that the accounting and financial reporting for Globeleq managed operating power plants and holding companies are maintained accurately and timeously.
Globeleq’s various generation technologies include gas, wind, solar PV, battery energy storage (BESS), and geothermal. The company is also actively pursuing new opportunities which are emerging from the energy transition, including desalination projects powered by renewables, as well as green hydrogen and ammonia projects.
In this role, the Financial Accountant is responsible for ensuring that the accounting and financial reporting for Globeleq managed operating power plants and holding companies are maintained accurately and timeously.
- Application Deadline
- January 06, 2025
- Department
- Finance
- Employment Type
- Permanent - Full Time
- Location
- South Africa
- Workplace type
- Onsite
Key Responsibilities
Prepare and Manage transactional and reporting processes:
- Complete all calculations and capture necessary month end entries including accruals, tax, deferred tax, intercompany transactions, etc.
- Invoicing of revenue and preparation of monthly entries
- Maintain fixed asset registers, including creation of new assets and disposals
- Prepare balance sheet and key income statement reconciliations
- Prepare the finance inputs and analysis for monthly shareholder and stakeholder reports and board reports including explanations of key variances
- Complete year end packs
- Responsible for completion and filing of tax returns including VAT, Income Tax, WHT, etc.
Cash Flow Management:
- Ensure timeous receipts of debtors’ balance and creditor payments
- Maintain debt schedules and repayment of debt
Statutory and Compliance Reporting:
- Ad hoc compliance reports from various institutions including Stats SA, NERSA, etc.
- Report procurement spend for the quarter to the economic development team
Budgeting and Forecasting:
- Complete budget reporting templates
- Upload of budgets into the accounting system
Statutory Audit:
- Providing supporting documentation and answering queries on the year end audit
- Assisting the financial statement consultant with drafting queries on the annual financial statements
Support the Broader Team:
- Ad hoc support to the finance and operations team on items including but not limited to: BBBEE reporting, vendor management, Economic Development reporting, etc.
- Undertake ad hoc finance responsibilities in support of the Globeleq group, as appropriate
Skills, Knowledge and Expertise
Skills and Competencies:
- Sound technical, business and financial reporting skills
- Excellent attention to detail
- Delivery-oriented, able to manage time, prioritize and to adhere to strict deadlines
- Able to solve problems logically
- Excellent verbal communication; includes being responsive, having good listening skills and being able to communicate appropriately with all levels of personnel
- Excellent written communication; includes writing clear, concise e-mails and report-writing
- Excellent team player; able to balance team and individual responsibilities
- Able to self-manage and work well independently
- Able and willing to learn quickly
- Comfortable working in a fast-paced and challenging environment
Experience, Knowledge and Qualifications:
- Minimum CA(SA) with 1 year of post article experience as a financial accountant outside of an audit firm OR undergraduate degree majoring in Accounting, with 5 minimum years relevant financial accountant experience in a commercial or corporate environment
- Relevant experience working with Microsoft Office packages (Outlook, Word, Excel & PowerPoint)
- Relevant working experience with an ERP system
- Relevant working experience loading payments on a banking profile
- Knowledge of financial systems, financial processes and internal control mechanisms
- Experience in a shared services environment is an advantage
- Experience in a multi-company or multi-entity is an advantage
- Experience in an asset-intensive organisation is an advantage
About Globeleq
We develop, own and operate power plants utilising various technologies across the African continent. With many years of international industry experience, the support of committed shareholders, and long-standing project, technology, finance and government partnerships, we have the financial strength, management and operational expertise to power Africa to realise its potential.
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