Consultant - Financial Reporting and Consolidations.Group Finance

MTNs purpose is to enable the benefits of a modern connected life to everyone. The MTN Group Strategy is anchored in building the largest and most valuable platform business with a clear focus on Africa. This rests on a scale connectivity, digital infrastructure and fintech platforms  

Within the changing finance, regulatory and governance environment the role must ensure successful delivery in the context of:

• Diversifying telco-to-techco landscape

• Evolving industry ecosystems

• Multi geographic landscape and cultural context

• Implementing transactions which will support overall shareholder value creation and stakeholder management

• Achievement of top quartile operating efficiency and effectiveness through scale and common policies and processes

• Driving growth through business intelligence and standardization to maximize business impact

• New imperatives concerning data privacy and security and building strong digital trust partnerships

• Constant dynamics and local challenges in the economic, regulatory and legal environments 

• Mitigating risks, and safeguarding security through business intelligence to maximize business impact

• Management of demanding investor, customer and supplier expectations

• Enhancing MTN reputational position as a leading secure, reliable and safe network and system provider at Group, Platform Business and Markets

Organisational Mission: MTN’s vision is to lead digital transformation in Africa, ensuring widespread access to reliable, high-quality broadband services that drive social and economic development.

Organization Values: At MTN we believe that understanding our people’s needs and aspirations is key to creating experiences that delight you at work, every day. We are committed to fostering an environment where every member of our Y’ello Family is heard, understood, and empowered to live an inspired life. Our values keep us grounded and moving in the right direction. Most importantly, they keep us honest. It is not something we claim to be. It is in our DNA.

As an organisation, we consider it our mission to create an exciting and rewarding place to work, where our people can be themselves, thrive in positivity and ignite their full potential. A workplace that boosts creativity and innovation, improves productivity, and ultimately drives meaningful results. A workplace that is built on relationships and achieving a purpose that is bigger than us. This is what we want you to experience with us!

Our commitments go beyond an organisational promise. It is in our leadership and managerial ethos to meaningfully partner with our employees, customers, and stakeholders with a vision to realise our shared goals.

Our values dubbed, LIVE Y’ello, are the cornerstone of our culture.

Lead with Care

Can-do with Integrity

Collaborate with Agility

Serve with Respect

Act with Inclusion

The Consultant: Financial Reporting and Consolidations role is responsible to achieve the following objectives:

  Strategy Implementation

• Deliver service aligned to the MTN framework, policies, procedures and templates established for Record to Report (R2R)

• Continuously provide input and improve the reporting framework and timelines established 

• Assist Senior Manager in the formulation of tactical approaches, planning activities for the Opcos and Group.

• Support Opcos in completing their period end activities in line with the frameworks established

 Operational Deliver

• Perform the consolidation of financial results (financial information) for monthly, quarterly and annual results as well as forecast, high level budgets and business plans.

• Prepare internal financial reports for Group Exco, Group Board and Group Audit Committee including monthly, quarterly and annual results as well as forecast, high level budgets and business plans.

• Prepare external financial results reports for analyst community, press advertisements, JSE and statutory purposes in compliance with IFRS, JSE and King IV principles.

• Define intercompany transactions and account types to be used to account for intercompany transactions.

• Implement and maintain financial consolidation system and processes.

• Support the development / update of intercompany policies and procedures.

• Assist in the preparation, review and distribution of the audit plan and audit instructions. 

• Assist in managing the external audit process by way of obtaining information in a time bound manner to assist in timely completion of the audit.

• Investigate and provide input to audit differences.

• Keep abreast of latest developments in IFRS and integrate into MTN Group accounting policies and procedures.

• Ensure compliance with IFRS and assist in transitioning the Group operations to IFRS.

• Conduct quarterly reporting required in terms of loan and financial covenants, and any other legal/regulatory conditions (e.g. SARB, Stats SA, etc).

• Assist MTN Group operations on accounting issues and implementation of updated processes, standards and reporting parameters.

• Conduct accounting for merger and acquisition activity and other variable transactions. 

Collaboration

• Perform business requirement analysis for master data requirements / business intelligence reporting.

• Assist in transformational initiatives within Finance CoEs, as applicable and drive the required change.

• Collaborate with the Financial Planning and Analysis team for finalising various commentary.

• Collaborate with other Finance CoEs, as applicable for reporting requirements.

Continuous Improvement  

• Drive innovation and optimization initiatives within finance systems, implementing changes that enhance data accuracy, reliability, and overall system efficacy.

• Analyse potential issues and risks to enable early resolution and course corrections.

• Analyse the business requirement for master data requirements / business intelligence reporting.

Key Deliverables

• Consolidated financial results

• Internal and external reporting inputs

• Audit planning and preparation

• Intercompany transaction categorisation

Role Dependencies

• Understanding of business strategy

• Financial Accounting objectives

• Finance operations and practices 

Education:

• Minimum 4-year degree in Finance

• CA (SA)

Experience:

• Minimum 3 – 5 years’ professional experience.

• Experience in consolidations and reporting and supporting systems. 

• Experience in the service management of business operations.

• Experience in leading change / transformation (financial accounting).

• Experience in continuous improvement through the implementation of best practices (financial accounting and record to reporting). 

• Experience in financial accounting leading practices and trends.

• Proven success in delivery of high-quality analytics.

• Experience in working with various stakeholders.

• Experience in working under pressure and delivering under tight deadlines.

Capabilities:

• Conceptual Thinker, Problem Solver, Improvement Driver 

• Culture and Change Champion, Supportive People Manager, Relationship Manager

• Results Achieve, Operationally Astute

Functional Competencies:

• Accounting Standards, Policies and Procedures

• Financial Consolidation

• Specialised Finance

• IFRS, GAAP & King IV

• JSE Regulations

Skills:

• Business/ Financial Acumen

• Accounting and Reporting

• Finance Operation / Process Mindset

• Project Management

• Organisational Awareness

• Problem Solving

• Data Presentation and Communication