Reporting Controller

COFCO International is a global agri-business with a clear vision, strong values and a positive culture, focused on being a leader in the global grains, oilseeds and sugar supply chains. We provide the food the world needs in a responsible way. Headquartered in Geneva, Switzerland, we are ambitious, with the right structures and culture to meet the world's increasing and changing needs. With 12,000+ people in 35 countries, our global portfolio includes assets across the Americas, Europe, Africa, Middle East, and Asia-Pacific. We trade with over 50 nations, while providing farmers unique direct access to the growing Chinese market.

Vacancy:                     Reporting Controller

Department:               Finance

Contract:                    Permanent

Location:                    Stellenbosch

Job purpose

To ensure accurate and timely financial reporting, consolidation, compliance and analysis while maintaining balance sheet integrity and effective financial controls across the SSA entities.

Minimum qualifications and experience

Qualified CA (SA) with at least 2 years’ post article experience.

Main responsibilities (key performance indicators)

• Month end reporting and consolidation:
  • Timely and accurate consolidation as per Group deadlines and reporting requirements.
  • Accurate reconciliation between all back-end systems and final consolidated figures.
  • Distribution of consolidation pack to Management for review and sign-off.
  • Accurate calculation of financial analytics as per Group Key Performance Indicators (KPIs), and interpretation thereof.
  • Daily year-on-year and month-on-month detailed comparisons to identify and investigate any discrepancies and/or anomalies.
  • Prepare the Monthly Business & Operational Review (MBOR) Presentation for all balance sheet related figures, per business unit.
• Direct and Indirect Tax – Sub-Saharan Africa (SSA) Companies:
  • Corporate income tax: accurate calculation and submission of provisional and final assessments, including monthly estimates.
  • Deferred tax: accurate calculation of the monthly and annual deferred tax balance.
  • Transfer Pricing: liaise with Tax Consultant to draft and submit the annual Transfer Pricing Local File.
  • Corporate Recharges receivable: accurate calculation of the annual Corporate Recharges receivable.
  • Corporate Recharges payable: ensure all supporting required documentation is prepared and submitted for SARB payment approvals, including Audit Reports.
  • Tax optimisation: SSA companies’ assessed losses adequately are utilized to manage optimal corporate tax liabilities.
• Budget and forecasts:
  • Submission of all budget items (OPEX, CAPEX, Balance Sheet and Working Capital).
  • Prepare and compile the annual budget of all Balance Sheet items, including the Presentation to Group.
  • Perform subsequent analysis of any variances with prior year budgets and actuals.
  • Prepare regular working capital forecasts and analyse deviations from the approved budget.
• Annual Financial Statements (AFS) and Annual External Audit:
  • Responsible for the preparation of the full IFRS AFS.
  • Ensure the SSA companies’ accounting treatment are in line with IFRS and Group Accounting Manual.
  • Clean external audit – all previous control deficiencies resolved (no repeat audit findings) and AFS are signed within the Group deadline.
• Balance Sheet (BS) Integrity reconciliations: prepare and review certain BS reconciliations.
• System enhancements: contribute to successful implementation as per the project plan. Continuously improving the month end reporting process to ensure all deadlines are adhered.
• Risk Management: continuously identify financial risks and implement the most appropriate internal control. Adhere to all Company Policies and Procedures.
• Perform daily payment approvals.
• Perform back-up functions for the Financial Controller and Corporate and Asset Controller.
• Any other ad-hoc accounting tasks and requests as and when required.

 Essential skills

• Fluent in English.
• Demonstrate experience in:
  • IFRS reporting and technical accounting
  • Financial analysis
  • Direct and indirect tax disciplines
• Computer Literacy (MS Excel – advanced)
•  Aptitude for continuous system enhancements and automation.
• Ability to adapt to change.
• Numerical reasoning and problem-solving skills.
• Ability to work under pressure while always maintaining excellent attention to detail and a high degree of accuracy.
• Excellent presentation and communication skills.
• Ability to work collaboratively at all levels within the business and within a team environment.
• Planning, organising and excellent time management skills.

Desirable skills

• Knowledge of Transfer Pricing.
• Previous experience working for a multinational company.
• Knowledge of what constitutes best practice regarding consolidated financial reporting.
• SAP S4 Hana
• SAP BPC
• Caseware
• Grain and Agri industry and commodities trading background.

Competencies

• Analysing
• Planning and Organising
• Delivering Results and Meeting Expectations
• Following Instructions and Procedures
• Applying Expertise and Technology
• Adapting and Responding to Change

General

Reports to Corporate and Asset Controller.

Salary is market related basic salary with provident fund and medical aid benefits.

How to apply

The company is offering a competitive salary with provident and medical benefits.  Exciting incentive opportunities, a rewarding work environment, product and supply chain knowledge and career growth opportunities for the right candidate.

Interested parties should please submit a comprehensive CV and covering letter, outlining why you feel that you are best suited to the position on the COFCO Careers website https://www.cofcointernational.com/careers/ by searching for vacancies in South Africa, clicking on the listed positions available, and following the prompts when clicking “Apply” on the job description, and answering all related questions in full to complete your application.

Only applications submitted direct on the COFCO Careers website will be considered.

If you do not hear from us within 21 days from date of application, please regard your application as unsuccessful. Only short-listed candidates will be moved through the Talent Pipeline and contacted.

The company appoints in line with our employment equity plan and preference may be given to previously disadvantaged individuals.

Privacy Policy 

By contacting COFCO International South Africa (Pty) Ltd., you acknowledge and agree that COFCO International South Africa (Pty) Ltd. has a legitimate business purpose to collect and process your personal information (as defined in Protection of Personal Information Act 4 of 2013 and any amendments thereto (“POPIA”)) to review your personal information and to comply with its legal obligations. COFCO International South Africa (Pty) Ltd will process your personal information in accordance with POPIA and in accordance with and the purposes described in COFCO International South Africa (Pty) Ltd.’s privacy policy available at https://www.cofcointernational.com/data-privacy-policy/  You hereby confirm that you have read, understood and agree with the terms of COFCO International South Africa (Pty) Ltd.’s privacy policy, and consent to the processing of your personal information.

COFCO International is an equal opportunity employer, and all qualified applicants will receive consideration for employment without regard to race, color, religion, gender, sexual orientation, age, national origin, disability status, protected veteran status or any other characteristic protected by law.

Please refer to our Candidate Privacy Notice to know how COFCO collects and processes your personal data during your job application.