Base Chemicals
Base Chemicals markets a broad portfolio of commodity chemicals globally. The business consists of three key divisions: Polymers, Solvents, and Explosives & Fertilisers (E&F).
Our key products include:
Polymers (polyethylene, polypropylene, polyvinyl chloride);
Solvents (ketones, alcohols, acrylates), chlor-alkali chemicals (caustic soda, hydrochloric acid) and mining reagents (cyanide);
Bulk and packaged explosives including specialised blasting accessories;
Ammonium nitrate base products; and
Sulphur derivatives.
To support our customers we operate a Polymer Technology Services Center that provides research and development relating to polymer-related applications. We also provide agronomic and product support to our fertiliser customers as well as full blasting service and product support to our mining industry customers.
ABOUT THE ROLE / PURPOSE OF THE JOB
Ensure that sound financial management and reporting practices are implemented and applied.
Apply relevant policies, procedures and ensure compliance to internal controls.
Ensures effective, accurate and timely reporting to internal stakeholders.
Participates and provides input in business decision making, financial management of the business unit and also ensure the effective management of the financial team.
Support the cost and profit centre managers with financial analysis and intelligence in a proactive and positive/ critical attitude to facilitate decision making as well as to evaluate the effect of decisions made.
FUNCTIONAL OUTPUTS
Cost centre analyses / decision support
- Confirm the accuracy and completeness of SAP data with cost centre holders;
- Guidance to BU cost centre owners in preparing and managing their costs/budgets;
- Monthly analysis of cost centres to identify areas of concern to be addressed by cost centre owners/BU management;
- Guidance to cost centre owners on financial decisions including scenario analysis to inform business decisions;
- Generates monthly cost reports with variance explanations;
- Custodian of governance in the business unit or department being served;
- Evaluate significant contracts for unusual accounting transactions;
Budget and forecast process
- Guidance to BU / value chain cost centre owners on annual budget & quarterly forecasts processes and requirements;
- Analyses financial information received for budgets and forecasts;
- Perform variance analysis of expenditure against budget, prior year and forecast;
Monthly management reporting
- Prepare the monthly management reporting of the BU / value chain results;
- Prepare / review variance analysis of current results against annual budget, prior year and forecasts;
Cash Flow Forecasting reviews;
- Ensure that sound financial management and reporting practices are implemented and applied at the operating hubs, satellite locations, and SBU;
- Inventory (only at Explosives - Africa and opencast mines):
- Reviews mass balancing and reconciles gains/losses
- Analyse pricing, volume and quality variances
- Report on inventory levels and performes ratio analysis
- Analyse relevant inventory, purchase, stock and other cost of sales accounts
- Values (including NRV) inventory at all locations, and records any unrealised profit in stock
- Report on obsolete inventory and follows up actions required by business
- Follow up on any costing queries
Qualifications & Experience:
- CA (SA) or equivalent with minimum of 1 year relevant post articles experience OR
- B.Com Hons Accounting / CTA or equivalent with 5 years post articles relevant experience OR
- B.Com Hons with 7 years relevant experience OR
- B.Com / BTech Acc with 10 years relevant experience.
- Proven managerial experience where applicable.
- Proven financial/management reporting skills.
KEY COMPETENCIES REQUIRED
- Persuades and influences stakeholders; builds relationships and partnerships for win-win outcomes.
- Builds Teams and creates synergies through working across boundaries.
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Business Unit: Base Chemicals
