Senior Financial Accountant

SUMMARY:

To assist with Financial Reporting activities and be responsible for managing financial transactions, preparing financial reports, and ensuring compliance with regulatory requirements.

Qualification

Bachelor's degree in Financial / Management Accounting
Pos...

POSITION INFO:
To assist with Financial Reporting activities and be responsible for managing financial transactions, preparing financial reports, and ensuring compliance with regulatory requirements. Qualification Bachelor's degree in Financial / Management Accounting Post-Graduate degree / CA(SA) would be advantageous Experience • 5 to 8 years’ experience in financial services, the public sector, DFI space: PFMA Experience. • Experience in IFRS 10, IAS 28, IFRS 9 and accounting for Expected Credit Losses • Experience dealing with internal and external auditors. • Experience in preparing financial statements using recognised financial reporting and financial statement compilation software. • Knowledge and experience in SAP advantageous. KEY RESPONSIBILITIES Daily and Monthly duties: Acting as transactions poster into the SAP system. Acting as checker, releaser for IDC payments (AP process). Updating monthly listed share portfolio share prices and computing listed portfolio fair values in (ZIMP) SAP. Updating the monthly fair value of shares workbook (listed and unlisted shares and non-SPPI preference shares) with the objective of parking the journals in SAP. Performing share reconciliations between the share movement schedule, ZIMP and the general ledger. Custodian of share documents and tracking of share movements. Accounting for share and loans write-offs and disposals and ensuring the ECL releases relating to SPPI instruments are recorded in appropriate general ledger accounts (capital profits and losses workbook). Perform loans reconciliations between the loans trial balance, ZPR, and loan-book movement. Perform ad-hoc tasks for Manager: Financial Management and other departments. Attend various meetings on behalf of the manager and provide feedback. Prepare the modifications gains or losses calculation and reconciliation in accordance with IFRS 9. Through collaboration with the Loans Management unit, review the reconciliation of unallocated loan receipts suspense account as pertains to financial reporting transactions and follow up on uncleared items. Perform a monthly debtors reconciliation following up on long outstanding receipts and the related comments. Preparation of the IFRS 16: Leases reconciliation. Preparation of the relevant month-end related reconciliations and related journals. Preparation of the Loan movement reconciliation Quarterly duties: Participate in the preparation of the quarterly mini-group management reporting. Provide inputs such as analytical review commentary on the statement of profit and loss and statement of financial position; performance of the analysis of borrowings, loan book, shares, dividends, interest income, borrowings, impairments and write-offs. Prepare the National Treasury statutory reports (PE48, N01, N02, MTEF), Reserve Bank reports (F02 and F04). Investment Monitoring Committee minute reconciliation with SAP. Upload of the ECL output file into SAP. Preparation of all related ECL reconciliations and process the related journal entries for manager approval. Quarterly reports to EXCO and the Board (movement commentary, variance analysis, graphs). Quarterly reports submitted to National Treasury and Reserve Bank. Interim and Year end duties: Preparation of IFRS 9 notes, specifically Loans and advances to ensure that it is in compliance with IFRS 7: Disclosure of financial instruments. Preparation of IFRS 13: Fair value measurement notes. First – level reviewer in allocated notes to the interim and annual financial statements. Participate in financial results presentations and analysis (abridged financial statements, CFO reports, commentary, analysis, going concern assessments, share portfolio reporting etc.) Liaison with both internal and external auditors. TECHNICAL COMPETENCIES Financial Reporting and Annual Financial Statement Preparation (IFRS) Financial Modelling and data analysis Detail orientation and ability to analyse numerical data and to interpret financial statements Business acumen Performance Focus Analytical Skills (Financial Analysis, Variance Analysis and Management Reporting) Financial Reconciliations and General Ledger Management SAP Financial Systems and Financial Transaction Processing Stakeholder Management skills BEHAVIOURAL COMPETENCIES Persuading and Influencing Delivering results and meeting customer expectations Supporting and co-operating Relating and networking Planning and organising Writing and reporting Good time management skills and the ability to perform under pressure. Ability to work independently and in teams Keen for new challenges and open to different ways of performing tasks Analytical and attention to detail Business acumen Performance Focus Relationship building skills