Zanele Motaung

• Lead and manage the financial planning process at the site by:
• Providing financial leadership and expertise to the financial planning process,
• Assessing the impact of the business model and supporting economic regulatory planning for the portfolio
• Provide strategic support to improve decision making at site level by:
• Participating and influencing the business/functional strategic planning process and ensuring alignment with Corporate and Financial strategies,
• Managing the execution of functional responsibilities and driving continuous improvement to achieve efficiency and effectiveness for operational responsibilities within the Site Finance Business Centre/s,
• Reviewing all capital investment decisions
• Ensure appropriate governance and financial risk management by:
• Providing specialist input in to financial risk matters and fulfilling a governance role in accounting, tax treasury, insurance, procurement, financial information management systems and liaising with Centres of Expertise,
• Manage and ensure quality outputs from the Finance function by:
• Managing the successful delivery of Finance Services through standardised processes to achieve an efficient and cost effective Finance organisation and to effectively support the business in achieving operational excellence
• Support the Finance Business Centre and Centre of Excellence by:
• Providing leadership and support for the successful operations of the Finance Business Centre and Centre of Excellence environments and utilising resources in support of Finance Business Centre and Centre of Excellence operational responsibilities
• Portfolio management of the site in line with Finance’s strategies by:
• Contributing, challenging and implementing the long- term strategy for the Group Financial Controller and Finance function and ensuring alignment of all activities undertaken in the unit to the strategy,
• Managing the Portfolio to ensure compliance to policies, frameworks and methodologies and aligning with overall frameworks (both BP and COE) and participating in governance structures to enable the Business Partner model and to allow for effective conflict resolution.

Responsibilities (Over and above duties stated above (Senior advisor Accounting)

• Responsible for the compilation and review of management information and reporting process for all cost centres supported by the Finance Business Centre
• Co-ordinate and compile the budget and forecasting for cost centres supported by the Finance Business Centre
• Manage projects and Ad Hoc Operational deliverables
• Leadership, direction and staff performance management
• Report directly to the Finance Manager

Other roles

• Member of the Arnot Finance Investment Committee
• Negotiate with suppliers on behalf of Arnot Power Station
• Ethics coordinator - Arnot Power Station
• Member of the Procurement Tender committee
• Acting Manager Management Accounting (Arnot Power Station) ( 1 May 2016 to March 2018)
• Acting Finance Business Centre Manager (Arnot Power Station) - (1 May 2018 to 28 February 2019)
• Secondment to Duvha Power Station assisting in a Management accounting Manager role due to business requirements.

• Decision support activities and project monitoring
• Source information and perform analysis of potential opportunities by verifying that capital projects are correctly accounted for
• Assess adequacy of contingency to cover projects risk
• Financial analysis of suppliers during the tender process as an assurance to the project manager which indicates financial sustainability of the suppliers
• Verifying that transfers to commercial operation are done in line with asset management requirements
• Ensure correct tax accounting when projects are transferred to commercial operation
• Verifying that interest during construction charged to projects is conforming to the directive on allocating IDC to projects in terms of project classification and the time of the project
• Checking and ensuring that all system updates relating to project closures have been correctly performed (WBS closed and IM Returned)
• Consult with other stakeholders
• Provide a project accounting advice and Supervision function
• Interpreting and Implementing IFRS and Eskom policies and procedures
• Provide BU verifier function and validating authentic documentation
• Workflow in SAP and approval of purchase requisitions
• Interface with auditors ensuring and monitoring that there are no repeat audit findings
• Support management with ad-hoc requests when required

Project Information and Reporting

• Compile and consolidate management reports on a periodic basis and discuss with end users - Variance analysis(Project cost centre, overhead pool and WBS reporting) - Commitment reporting - Performance reporting - Cash flow at relevant WBS object level
• Adhere to a control framework to ensure correct periodic reporting practices - Budgetary control and Transaction Support - Accruals and Provisions
• Prepare business intelligence data for FBC (Finance Business Centre), Distribute project funds as per Investment Management approval
• Perform period and year end closing for projects Financial Planning, Budgeting and Forecasting
• Prepare and coordinate budgets ensuring alignment with business plans - Short-term, medium-term and long-term budgets - Annual budget per month - Annual budget per WBS
• Prepare and coordinate forecasts ensuring alignment with business plans based on : - Short-term, medium-term and long-term forecasts - Monthly and quarterly forecasting - Identifying, investigating and reporting major deviations - Monitoring expenditure, obtaining explanations and adjusting forecasts accordingly - Monitor costs incurred in excess of a budgeted amount due to an under estimation of the actual cost during budgeting – Variance in costs/budgeted costs
• Prepare and coordinate cash flow forecasting
• Support role for FBC at site and OU level Decision support activities and project monitoring
• Source information and perform analysis of potential opportunities by verifying that capital projects are correctly accounted for.  Assess adequacy of contingency to cover projects risk
• Financial analysis of suppliers during the tender process as an assurance to the project manager which indicates financial sustainability of the suppliers.
• Verifying that transfers to commercial operation are done in line with asset management requirements.
• Ensure correct tax accounting when projects are transferred to commercial operation
• Verifying that interest during construction charged to projects is conforming to the directive on allocating IDC to projects in terms of project classification and the time of the project
• Checking and ensuring that all system updates relating to project closures have been correctly performed (WBS closed and IM Returned)
• Consult with other stakeholders Provide a project accounting advice and Supervision function
• Interpreting and Implementing IFRS and Eskom policies and procedures
• Provide BU verifier function and validating authentic documentation  Workflow in SAP and approval of purchase requisitions
• Interface with auditors ensuring and monitoring that there are no repeat audit findings  Support management with ad-hoc requests when required

Grootvlei Power Station

• Financial and Management accounting
• Prepared balance sheet reconciliations and investigated non reconciling items
• Income statement analysis( trend and cost analysis)
• Invoice verification and processing
• Petty cash controller
• Verification of payment requisition
• Monthly cost center reporting and variance explanations
• Cost center analysis
• Prepared balance sheet reconciliations and investigated non reconciling items
• Financial statement analysis for suppliers during the procurement process

Megawatt Park - Group Customer Services

• Monthly cost center reporting and variance explanations
• Cost center analysis
• Responsible for the operating lease costing and smoothing analysis
• Prepared balance sheet reconciliations and investigated non reconciling items
• Budgeting and forecasting for different profit centers

Financial and Management Accounting (Subsidiaries and Services)

• Responsible for preparing BPC month end reporting for Rotek, Roshcon, Golang, Eskom Uganda and PBMR (all these are Eskom subsidiaries)
• Responsible for month end SAP trial balance review for the companies mentioned above, investigate and resolve any discrepancies which may arise.
• Ensuring that the accounting records of Rotek and Roshcon conform to IFRS requirements.
• Ensuring that the accounting records of Pebble Bed Modular Reactor (Eskom subsidiary) are correct
• Ensuring that Eskom Uganda Trial balance and financial information is correctly uploaded into the Eskom BPC system.
• Prepared Financial statements for Rotek SOC Ltd using SAP DM
• Assist with internal and external audits
• Reviewing Tax Pack for Rotek and Roshcon
• Review month-end reporting for Rotek and Roshcon
• Completing month end reporting for PBMR
• Prepared the EE and PBMR vat return on e-filing
• I had to agree the SAP TB to the Vat ledger account, investigated and resolved any discrepancies that arose.
• Reviewed PBMR invoices/transactions captured on SAP for correct VAT treatment.
• Prepared a forecast for PBMR

Megawatt Park - Centre of Excellence

• Responsible for the preparation of consolidated Capital expenditure report for Eskom Group
• Reviewed the variance explanations for the Capital expenditure for reasonableness
• Responsible for preparation of the financial flash report before system closure
• Reviewed the business results for any omissions or errors and fixed accordingly if need be
• Reviewed the reasonability of Eskom’s KPI’s on the business review report
• Assisted in preparation of year end closes of financial results
• Reviewed all the subsidiaries Asset reports for reasonableness in BPC

Megawatt Park - Assurance and Forensic

• Assessed the impact of findings on the work to be performed
• Documented the process descriptions and walkthroughs for the following:
• Accounts Payable walkthrough
• Vendor Management walkthroughs (create, update and delete)
• Process description and walkthrough for PED accounts payable invoices
• Completed the Travel Management Risk and Control Matrix
• Evaluated and documented the adequacy of the design of control activities in the prevention or detection of material misstatement, and suggests improvements where appropriate (Accounts payable and vendor management)
• Performed and documented all tests of controls performed and also identified issues where follow-up work was required.