Specialist: Revenue Accounting - N/A10810
Code/Reference:
N/A10810
Applications accepted until:
2020-09-18
Number of Openings
1

Company Overview

A subsidiary of Econet Global, Liquid Telecom is the leading independent data, voice and IP provider in eastern, central and southern Africa. It supplies fibre optic, satellite and international carrier services to Africa's largest mobile network operators, ISPs and businesses of all sizes. It also provides payment solutions to financial institutions and retailers, as well as award winning data storage and communication solutions to businesses across Africa and beyond. Put simply, we connect people.

We started out by questioning the way things are done and being single-minded in our determination to improve them. Everything we do is driven by a simple yet powerful belief that everyone in Africa has the right to be connected. Over the last decade, this vision has helped us change the face of communications in the region.

Our future-focused approach to new product development makes our services enduringly adaptable.

€œWe have to focus on services of the future and new revenue streams not as a side show to infrastructure but as the main show leveraging off the infrastructure which we have.€ - Nic Rudnick

Our flexible and dynamic business model keeps us at the forefront of telecoms innovation. And by listening to customers, we ensure that our solutions are constantly evolving to meet their needs. In June 2017, Liquid Telecom raised $700m in a bond and term-loan issue that will help Liquid Telecom refinance debt and provide a war chest for further acquisitions.

Our Beliefs

At the very core of our business is our belief that every individual on the continent has the right to be connected. We believe that the power of technology will create better and brighter lives for everyone.

We're for everyone - Being connected shouldn't just be for the privileged few. We believe it's for everyone and this was recognised at the Africom Awards 2013 when we won an award for Best Cost Efficiency Solution. The sense of doing the right thing runs through every aspect of our business.

Integrity - Having integrity in everything we do has made us what we are today. We are all encouraged to play our part and take responsibility for doing things right €“ and doing the right thing.

Only the Best Will Do - We're constantly striving to deliver the best communications technology to everyone €“ from the smallest communities to the biggest businesses in the region.

Don€™t Talk Do - We listen carefully to our customers, then we deliver beyond their expectations. This €˜can do' attitude is key to our success.

In It for The Long Run - We've invested heavily in our own network and technology. We created the largest single fibre network in the region, which stretches over 22,000km across borders to connect people locally, nationally and internationally. We're not stopping there €“ we're continuing to invest so we can connect people all over Africa.

Location

Johannesburg

Job Purpose:

Responsible for

  • Gross margin analysis per product
  • Management of service delivery MRR and weekly reporting
  • Management of GCOO MRR analysis and weekly reporting
  • Management of cost of sales (i.e. for commissions, interconnect, IFRS16, leased circuits, regulatory, projects and other MRR cost support)
  • Management and tracking of project O&M and IRU related O&M
  • Assistance with timely preparation of OPCO deck
  • Overall ensuring revenue transactions and contractual revenue arrangements are accurately accounted for under IFRS and processed in accounting system, including Multiple Element Accounting adjustments

Minimum Requirements of Job

Formal Qualifications Required

  • BTech - Commerce Qualification
  • Chartered Institute of Management Accountants (CIMA) - Desirable

Job Related Experience Required

  • Financial Accounting and Management Experience - 3 years

Job Related Knowledge Required

  • Knowledge of IFRS application and interpretation
  • Knowledge of ERP systems i.e. SAP
  • Microsoft Office i.e. Excel

Job Related Skills Required

  • Effective communication and report writing skills
  • Excellent attention to detail
  • Effectively collaborates and communicates with all levels of management and cross-functional teams
  • Proactive and organised, able to prioritize
  • Ability to adapt and excel in a fast-paced and rapidly changing environment
  • Ability to plan and manage multiple projects while meeting set deadlines of team deliverables
  • Ability to make sound, fact-based decisions and recommendation
  • Possess strong understanding of application of revenue accounting standard
  • Experience as a people manager, proven record of successfully leading, directing and coaching

 

Key Outputs:

Preparation of month end activities - this includes month end journals and revenue recognition from our Retail and Enterprise segments

  • Ensure business activities are appropriately accounted for. Accurately present the financials and ensure that analysis of financial results is documented and communicated in a timely manner
  • Prepare Journal entries
  • Revenue recognition for Enterprise Business Unit (EBU)
  • Adhering to relevant IFRS standard for complete and accurate reporting ERP systems (i.e. SAP, HFM)
  • Extract data from various billing platforms (i.e. Geneva Billing Engine) to be used for revenue recognition
  • Extract and prepare Service Delivery report to be used for accrual accounting
  • Extract and prepare CDR report to be used for accrual accounting
  • Ensure no unrecorded revenue from monthly billing reports
  • Prepare and sign off on monthly billing to revenue recon
  • Analyse once off project revenue for proper accounting
  • Revenue recognition for Wholesale Voice (WSV)
  • Extract billing data from Springboard billing platform to be used for Revenue recognition
  • Ensure no unrecorded revenue from monthly billing reports
  • Revenue recognition for Consumer Business Unit (CBU/Retail)
  • Extract data from various billing platforms (i.e. Geneva Billing Engine and OCS Prepaid Platform) to be used for revenue recognition
  • Ensure no unrecorded revenue from monthly billing reports and prepaid recharge platform

Customer First (Improve customer experience and loyalty)

  • Customer First (Improve customer experience and loyalty)
  • Attend to; Resolve and follow through on queries and specific request from business. e.g. revenue analysis reports
  • Prepare monthly analysis of revenue movement per component for use by Business
  • Provide Revenue Management support to the Sales team and address any of their ad hoc requests

Prepare informative, relevant and reliable MIS revenue reports and for reporting

  • Prepare informative, relevant and reliable MIS revenue reports and for reporting
  • Prepare informative, relevant and reliable MIS revenue reports and for reporting
  • Prepare accurate, complete and timely monthly MIS segment reports, product, voice and data, with break up of NRC, MRC and Usage components by day 6
  • Prepare a monthly analysis of revenue movement per component
  • Satisfactorily attend stakeholder's queries on MIS reports
  • Prepare balance Sheet GL recons to ensure accuracy and integrity of GL balances

Accuracy of accounting records on project reporting and on cost reporting for commissions, interconnect, IFRS16, leased circuits, regulatory, and other cost support

  • Tracking and Maintaining of all passthrough projects, by maintaining a passthrough schedule
  • Matching of revenue and costs for all Passthrough projects, evaluation and conversion of pass through projects into revenue project accounting
  • Work with project managers to keep track of projects progress. Revenue recognition and get Sign off from the customer and project manager
  • Prepare monthly journal for Revenue and Cost of sale on passthrough project
  • Prepare monthly journal for Revenue and Cost of sale on commissions, interconnect, IFRS16, leased circuits, regulatory, and other MRR cost support
  • Prepare monthly MIS for passthrough projects and detail analysis reports for presentation to management
  • Prepare monthly journal to deferred projects that are not fully delivered as yet

Ad-Hoc

  • Ad-hoc functions assigned from time to time
  • To be done and measured in line with Best Practice approach
  • Evaluate Value Add quantitative measure upon Ebitda or PBT
  • Measurability of operational efficiencies on Ad hoc functions delivered

Accountable for

  • Accountable for providing accurate reports and ensure that analysis of financial results is documented and communicated in a timely manner
  • Accountable for preparation of month end close activities to ensure business activities are appropriately accounted for
  • Accountable for resolving any queries that are related to revenue recognition