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Senior Specialist: Lease Accounting

Posting Country:  South Africa
Date Posted:  7 Mar 2025
Full Time / Part Time:  Full Time
Contract Type:  Permanent

At Vodacom, we’re working hard to build a better future. A more connected, inclusive and sustainable world. As a dynamic global community, it's our human spirit, together with technology, that empowers us to achieve this. 

We challenge and innovate in order to connect people, businesses, and communities across the world. Delighting our customers and earning their loyalty drive us, and we experiment, learn fast and get it done, together.

With us, you can be truly be yourself and belong, share inspiration, embrace new opportunities, thrive, and make a real difference. 
 

Role Purpose/Business Unit:

 

  • To manage the Finance function surrounding the lease portfolios which entails base stations and office leases. Engaging with the regional estate management teams and key stakeholders on a daily basis, accountable for compliance and reporting of the transactional processing in a timely, IFRS compliant and accurate manner.
  • The role will manage and monitor entries posted to the relevant ledgers, month end closure and related reporting for Financial Year End.
  • The ideal candidate will also possess excellent analytical and operational capabilities as well as strong financial technical skills.

Your responsibilities will include:

 

1. Lease accounting

  • Monthly analysis of operational accounts to identify trends and anomalies
  • Journal recommendations based on above analysis to ensure complete and accurate accounting
  • Analysis and reporting of contracts and the Real Estate System
  • End to end oversight of process from lease capture to lease payment.


Reporting

  • Analyses of reported data for key trends and anomalies, exception reporting to be investigated and resolution of exceptions reported to management
  • Lease costs at a site level
  • Ensure that material risks and opportunities are identified and reported in a timely and accurate manner.


2. Month-End Closing (MEC)
Daily, weekly and monthly activities are performed by a shared services center.
The MEC responsibility will include:

  • Ensuring lease accounting is accurate and complete through review of monthly analysis
  • Ensuring depreciation and interest is complete and accurate
  • Ensuring additional journals and adjustments are posted to ensure accurate and complete records for example:
    • Reallocation journals
    • Intercompany journals
  • Providing supporting information to tax and provide support where required
  • Preparation or review of SOX controls
  • Reporting to Finance Business partners on general ledger accounts
  • Perform and assist with adhoc projects as required


3. Internal Control Environment

  • Support the implementation of a strong control environment, ensuring compliance to all relevant group policies.
  • Support the implementation of an appropriate SOX controls, internal controls and compliance requirements surrounding the month end close and reporting process.

The ideal candidate for this role will have:

 

  • Minimum of 4+ years’ relevant experience
  • Technology and Telco experience would be an advantage
  • Chartered Accountant

 

Core MAST Competency:

  • Planning, Execution and Quality Results
  • Communication, Teamwork & Collaboration
  • Judgement, Decision Making & Integrity


Job Knowledge:

  • Working knowledge of Accounting principles especially IFRS 16
  • Excellent working knowledge of MS Office, especially Advanced Excel, Word and PowerPoint
  • SAP ERP and HFM would be an advantage


Leadership Competency

  • Ability to engage effectively with senior leadership team
  • Manage internal and external relationships with key stakeholders

 


Closing date for Applications: 14 March 2025.


The base location for this role is  Bryanston, Knightsbridge.


The company's approved Employment Equity Plan and Targets will be considered as part of the recruitment process. As an Equal Opportunities employer, we actively encourage and welcome people with various disabilities to apply.
Vodacom is committed to an organisational culture that recognises, appreciates, and values diversity & inclusion.

Commitment from Vodacom

Vodacom is committed to attracting, developing and retaining the very best people by offering a flexible, motivating and inclusive workplace in which talent is truly recognized, developed and rewarded. We believe that diversity plays an important role in the success of our business and we are committed to creating an inclusive work environment which respects, values, celebrates and makes the most of people’s individual differences - we are not only multinational but multicultural too. At Vodacom you will have access to our excellent flexible benefits programme that you would expect from any global company.

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