Consolidation Function
- Send out Group instructions regarding month end deadlines, budget deadlines, notices etc.
- Receive and consolidate monthly flash figures
- Receive and review monthly Hyperion packs from subsidiaries (Actual, budget and forecast)
- Load, review and consolidate monthly Hyperion packs
- Load group transaction consolidation pack
- Review group consolidation that all intergroup entries are eliminated
- Engage with company Head Office consolidation team re changes and queries on the company consolidation.
- Month end company Group consolidation process elimination entries and final month end management account checks: actuals, budgets and forecast
- Complete and check Motus Hyperion documentation for Group acquisition and disposals
- Calculate at acquisition, change in shareholding, disposal effects including goodwill, gain loss on sale
- Calculate foreign currency translation entries
- company Australia Group Hyperion pack prepare and review (Process Australian entries – minimal)
- Review group tax rate and identify variance rates
- Review all company Group provisional and final income tax calculations and returns
- Group month end reporting tax and deferred tax review including accumulated unrecognised tax losses
- Intergroup balance and transaction eliminations
Tax
- Maintenance of e-filing profiles for group entities
- Calculate provisional tax estimates for review by Executive
- Complete and submit provisional tax returns on e-filing
- Prepare and submit par19.3 responses to SARS
- Receive and review all annual tax packs from subsidiaries, clear queries raised by management
- Complete and submit IT 12 annual tax returns on e-Filing for Group
- Review and submit SD14 information as requested by SARS
- Review and submit any audit requirements requested by SARS to finalise tax return status
- Engage with Motus tax department to assist as required
- Prepare and/or review group correspondence to SARS with regards to income tax, VAT and PAYE
Treasury and Operational
- RMB – administration of Group Cashman agreements
- Investec – administration of overdraft and quarterly loan covenant reporting
- RMB banking platform – group centralisation
- Signatory and administrator of the bank accounts and online banking platforms
- Review and authorize payment packs weekly
- Quarterly review function of all subsidiaries balance sheet GL reconciliations and report on findings
- Foreign exchange control approval – collation and preparation of information for submission
Company Financial Statements
- Liaising with and providing information to auditors
- Review of all company Group subsidiary AFS for signature
- Draft, finalize and present for signature the company Group consolidated annual financial statements
Reports and Presentations
- Assisting with collation of data and preparation of reports / presentations which will include:
- Quarterly, Half-year and Year-end Board packs
- Budgets
- Exco Management Meetings
- Monthly operations reports (prepare and review)
- Other ad hoc requirements