The Record to Report (R2R) lead is the primary owner of the end-to-end record to report process with the overall goal of delivering R2R services while ensuring quality and cost effectiveness.
The Record to Report (R2R) Lead supports the management of policies and controls, manage complex and escalated issues across R2R services, perform in-depth troubleshooting and to support operations delivery, quality management and control.
Proactively support the Group Shared Services Finance Lead to drive ongoing standardisation and change within the operational accounting and transactional processing activities within the ADvTECH Group
Key Performance Areas:
¢ The Record to Reporting Process Lead is responsible for managing the RTR - Record to Report teams. The RTR processes covers Data Management, General Ledger Accounting, Bank Account processing, Close Processes, Assets Accounting and Reporting.
¢ Manages the development, implementation and/or maintenance of one or more accounting systems: Journal entries, General Ledger, Revenue Reconciliation, Bank related activities and governance etc. in accordance with company policies and procedures.
¢ Lead & manage Operational Accounting.
¢ Lead the development and documentation of an end-to-end strategy and related policies that links to the overall organisations strategy.
¢ Responsible for the validity, accuracy and completeness of the General Ledger
¢ Responsible for subledger to general ledger reconciliations.
¢ Coordinates the monthly close processes.
¢ Overall responsibility for authorisation, accuracy and completeness of journals
¢ Responsible for monthly management account preparation and presentation of management accounts to Brand Finance teams.
¢ Monthly statutory reporting for group reporting.
¢ Designs operational procedures and processes that meet audit standards and improve efficiency.
¢ Ensures integration of data produced into systems and supports objectives of financial analysts.
¢ Ensures the accurate compilation, analysis and reporting of accounting data and revenue.
¢ Continuously monitor performance against objectives to ensure that identified teams KPIs are achieved
¢ Benchmark processes against industry leaders, identify external best practices and drive continuous process optimisation.
¢ Accountable for the overall performance and results of the process.
¢ Ensure the identification and management of critical process success factors.
¢ Manage and lead process improvements, including opportunities for automation of process steps and data driven performance measures.
¢ Conduct process reviews and approve or reject process deviation requests.
¢ Agree on process responsibilities across organisational silos and drive adherence to the process.
¢ Responsible for the overall performance of the team, monitoring their performance, providing timely feedback & assisting them to improve on their identified training needs.
¢ Identify clear objectives for the team, providing coaching, career development and feedback to team members, providing performance evaluation and reward,
¢ Participates in external and internal audits and special projects
¢ May work with external consultants or auditors to provide required information and ensure proper recordkeeping for historical purposes
Minimum - CA (SA)
Beneficial - Post graduate degree (Accounting) and / or equivalent job related experience
- Experience of working in finance transformation and driving significant change through business process.
- Demonstrated experience in process re-engineering, program management and technology implementation.
- Experience working in Finance Shared Services or Outsourcing environments.
- A strategic thinker with a demonstrated ability to connect end to end processes to our overall business strategy
- Is comfortable working with transactional level detail to keep pulse on volumes, cycle times, quality, accuracy, and stakeholder satisfaction
Collaborative working style; service minded; and action orientated (speed and accuracy)
- Displays expert knowledge on processes and up and downstream impact of process steps.
- Excellent problem solving and root cause analysis ability
- Ability to motivate others, negotiate appropriately, and coordinate efforts across multiple departments.
- A driven individual who is outcome oriented and is comfortable with measurement and reporting.
Able to thrive in a fast paced, dynamic environment and comfortable dealing with ambiguity and differing levels of business maturity.