Senior Manager - Financial Consolidations

Senior Manager - Financial Consolidations Group Finance Roodepoort, Gauteng, South Africa

Job Description MTN's purpose is leading digital solutions for Africa's progress. Under Ambition 2030, MTN is focused on unlocking growth and delivering returns through a simplified three platform strategy comprising Connectivity, Fintech and Digital Infrastructure, underpinned by disciplined capital allocation, leading customer experience and AI-enabled growth.

Within this environment, the role must support successful delivery in the context of: Evolving macroeconomic, regulatory, competitive and technological dynamics across MTN's markets. MTN's strategic focus on scaling its Connectivity, Fintech and Digital Infrastructure platforms. Disciplined capital allocation and value creation to deliver sustainable shareholder returns. Increasing demand for network connectivity, digital services and enterprise solutions across Africa. Accelerating the adoption of AI-enabled capabilities to improve growth, customer experience and operational performance. Supporting the expansion of digital infrastructure, including fibre and data centre investments. Enabling financial inclusion and ecosystem growth through the continued evolution of MTN's fintech platform. Managing stakeholder expectations across shareholders, regulators, customers, partners and investors. Driving operational efficiency and execution discipline across a diverse multinational operating environment.

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

Responsibilities

The Senior Manager: Financial Consolidation role will be accountable to achieve the following objectives:

• Group Financial Consolidation

• Lead and manage the consolidation of monthly, quarterly, interim, and annual Group financial results, budgets, forecasts, and other statutory reporting requirements.

• Ensure the timely and accurate preparation of consolidated financial information to support executive decision-making, Board reporting, and external stakeholder requirements.

• Oversee the end-to-end Group consolidation process, ensuring consistency, completeness, and alignment with Group reporting standards.

• Consolidation Governance, Policy and Compliance

• Establish and maintain robust governance frameworks, policies, procedures, and controls governing the Group consolidation process.

• Ensure all consolidated financial results are prepared in compliance with IFRS, relevant regulatory requirements, and internal financial governance standards.

• Develop and communicate Group reporting instructions, accounting guidelines, and reporting timetables for interim and year-end reporting cycles.

• Drive continuous enhancement of consolidation controls to strengthen financial integrity, transparency, and reporting quality.

• Financial Reporting Systems and Process Management

• Implement, optimize, and maintain group-wide consolidation and reporting processes, systems, and tools to support the submission of actual, budget, and forecast information from Operating Companies (OpCos).

• Drive the standardization, automation, and continuous improvement of consolidation processes to enhance efficiency, accuracy, and reporting effectiveness across the Group.

• Ensure reporting platforms and supporting technologies remain fit for purpose and aligned with evolving business and reporting requirements.

• OpCo Financial Reporting Oversight

• Provide guidance and support to OpCos in the preparation and submission of financial reporting packs, ensuring consistency and compliance with Group reporting requirements.

• Direct the review of financial submissions from OpCos, identifying anomalies, risks, unusual transactions, and reporting issues requiring resolution.

• Facilitate alignment between Group Finance and OpCo finance teams to ensure the quality and integrity of financial information for consolidation.

• Intercompany and Consolidation Management

• Oversee the governance and resolution of intercompany balances, eliminations, reconciliation processes, and consolidation journals across the Group.

• Ensure appropriate controls are in place to manage consolidation adjustments and maintain the accuracy of consolidated financial information.

• Monitor and drive the timely resolution of intercompany and consolidation-related issues across reporting entities.

• Audit and Stakeholder Management

• Serve as the primary consolidation liaison for internal and external auditors, coordinating audit requirements and ensuring the timely resolution of audit queries and findings.

• Build and maintain effective relationships with OpCo finance leadership, external auditors, regulatory bodies, and key internal stakeholders.

• Provide expert financial consolidation insights and support to the broader finance community and senior leadership teams.

• Leadership

• Lead, coach, and develop the Financial Consolidations team to ensure a high-performing, technically proficient, and continuously improving function.

• Foster a culture of accountability, collaboration, operational excellence, and technical expertise across the consolidation environment.

• Drive knowledge sharing and capability building across Group Finance and OpCo finance teams to strengthen financial reporting quality and consistency.

• Promote an ‘MTN centric’ and ‘partnership approach’ to develop strong relationships with other working groups.

• Key Deliverables

• Accurate and Compliant Group Consolidated Financial Reporting audit plan delivered with high-quality assurance outcomes

• Effective Consolidation Governance and Control Environment

• Optimised Group Consolidation Processes and Reporting Systems

• Role Dependencies

• Active support from the General Manager and Executive

• Deep understanding of the MTN business strategy

• Understanding of the OpCo context

• Alignment of Group reporting timelines

Qualifications

Education

• Chartered Accountant (SA)
• English and French (as an advantage)

Experience

• Manager track record of 5 years or more; with at least 3 years in relevant sector / industry/ area of specialisation
• 5 -7 years’ experience in a Group Consolidations function of a large multinational company
• Experience in accounting for complex consolidations in a multinational environment.
• Experience in Hyperion/ Oracle FCC (or similar) consolidation software
• Experience in managing a highly qualified team
• Experience working in cross-functional, matrixed environments, influencing senior stakeholders, and mobilizing execution across diverse teams
• Ability to effectively manage multiple priority projects and initiatives

Capabilities:

• Strategy Implementer, Decisive Problem Solver, Best Practice Value Creator
• Culture and Change Champion, Guiding People Leader, Relationship Builder
• Results Achiever, Operationally Astute

Functional Competencies:

• IFRS and Hyperion/FCC
• Group consolidations principles and related software applications
• Financial markets knowledge, including JSE reporting requirements
• Knowledge of Telecommunications

Competencies:

• Execution discipline: Operates with high personal accountability, driving projects through to closure
• Problem solving and prioritisation: Navigates ambiguity and prioritises competing transformation demands with clarity and focus
• Structured Communication: Communicates clearly and effectively