Job Advert Summary
Preparation of Management accounts and reports, reconciliations, group consolidation (where applicable) and financial statements in line with IFRS for certain entities managed by Group Finance including preparation of consolidation reporting packs required as input in the consolidation process. In addition, assist in various Group Finance projects including systems implementation, audit readiness, monitoring of controls and other related finance projects and reporting.
Reporting to the Finance Manager: Group Finance, the incumbent is responsible for preparing monthly management accounts (includes preparation of monthly journals), monthly reconciliations and preparation of monthly management reports submitted to the Group Executive Committee (Exco). This role spreads across subsidiaries under the Group Finance responsibility from a reporting perspective.
Year-end preparation activities include preparation of workings for audit purposes at interim and year end, roll forward of annual financial statements and preparation of workings to support the relevant notes to the financial statements.
Assisting in various ongoing projects within Group finance including supporting certain business units from a finance business partner perspective, investigating and resolving queries and implementation of various automation projects including accounting reporting tool.
Minimum Requirements
Qualifications:
Chartered Accountant (SA)
Bcom Accounting/ Honours with post-articles experience would be an advantage.
Previous experience in an insurance company or in financial reporting would be an advantage.
Knowledge & Experience:
Knowledge of the insurance industry an advantage.
Good technical knowledge of IFRS.
IFRS17 knowledge an advantage.
Consolidations knowledge an advantage.
Proven track record of being involved in the preparation or audit of Annual Financial Statements.
Strategic Orientation:
This role gives technical input into accounting matters .
Responsible for preparation of key management reports to the Exco and Board.
Key person ensuring reporting is accurate, timely and of a high standard.
Responsible for preparation of general Ledger items and reconciliation.
Key person ensuring control environment is sound regarding Financial Reporting by adhering to deadlines and meeting the required quality standards for key controls.
Drive certain strategic activities for Group Finance.
Communication:
Is articulate and communicates in a logical way and structures information to meet the needs and understanding of intended audiences, including senior management/executives.
Expresses opinions, information and key points of view clearly and assertively.
Is confident in conceptualising, building and presenting plans related to presentations.
Anticipates and responds promptly and appropriately to the needs, reactions and feedback of various stakeholders internally and externally.
Commercial Acumen:
Able to prioritise and work under pressure.
Able to meet strict deadlines.
Ability to gain an understanding of the various group companies, analyse reports / data, and ask informed questions.
Managing process and people to meet strategic objectives.
Perform work at the highest level of Quality.
Be internally curious and proactive for own development.
Computer Literacy:
Is adept in the use of the latest MS Office package, particularly Excel, Word and Power-point.
Exposure to various software solutions.
Knowledge of OneStream, CPM and Great Plains an advantage.
Interpersonal and Intrapersonal Skills:
Confident.
Self-starter.
Persuasive and influential.
Good project management skills.
Good networking skills.
Good at multi-tasking.
Good presentation skills.
Manages expectations.
Self-aware.
Professional.
Responsible & accountable.
Attention to detail.
Hard working.
A person who delivers.
Duties and Responsibilities
Reconciling:
Reconciling certain income statements accounts and all balance sheet accounts to relevant documentation and workings. Investigating and resolving variances
Documentation of system processes and record of the controls for ease of controls monitoring.
Management Reporting:
Coordination and Preparation of monthly management accounts for group and various subsidiaries for Exco. This includes:
Completion of consolidation workings and up-load into reporting system
Reconciling / proof of various key balances
Preparation of I/S, KPIs, review and updating of commentary for Exco Finance report and various subsidiaries
Preparation of key graphs
Preparation of quarterly board reports for the relevant entities
Analysis and commentary on variances in income and expenses
Statutory reporting:
Preparation of Group Annual Financial Statements (IFRS) including liaison with auditors and other subsidiaries/Business units.
These includes:
Preparation and coordination of working packs for the Group and all subsidiaries.
Reconciliation of all numbers to reporting system.
Updating of financial and non-financial information for financial statements purposes.
Preparation of Annual Financial Statements (IFRS).
Attending to audit queries.
System Administrator
System administrator: CPM (Financial Reporting system/tool) and Great Plans accounting system.
Budgeting (Subsidiaries)
Overseeing and managing the budget process for all entities within responsibility.
Input of budgets for central costs and revenues for all entities.
Review of budgets and obtain a sound knowledge of what is driving income and expenses.
Providing inputs for preparing of budget presentations for Exco and Board budget meetings.
IFRS
Analysis of the effect of new IFRS standards including preparation of journals for IFRS 17 purposes.
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