Job title : Consolidation IFRS Specialist
Job Location : Gauteng,
Deadline : January 03, 2025
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Qualification and Experience Qualifications Bachelor's degree in finance /accounting or equivalent CA(SA) - Mandatory
Experience: 10 Years' experience in finance or finance operations related roles. 5 - 8 Years' experience in performing Group Consolidations function of a large company. Experience in a managerial position (preferable). Experience in accounting for complex consolidations in a multinational environment. Industry experience from financial services/Lending/Banking would be advantageous. Good understanding of the functioning of the SAP system and consolidation systems. Strong IFRS 10 and IAS 28 experience required. Understanding of financial analysis and the ability to prepare management reports. Sound financial Excel Modelling Skills, Microsoft Office inclusive of Word and PowerPoint Proficient in Microsoft Excel and Word.
Roles and Responsibilities Review and guide the group financial reporting processes. Design and implement group wide reporting controls and templates required for the execution of financial consolidation. Preparation of the group consolidation in compliance with the group reporting policies, procedures, and templates. Continuously provide input into the improvement of the group reporting policies, procedures, templates and the efficiency of the consolidation preparation processes. Perform the group consolidation for monthly, quarterly, and annual financial performance. Process the relevant approved year-end adjustments key to the consolidation performance. Manage the overall process for the preparation and consolidation of monthly, quarterly, and annual financial results. In liaison with Client Support and Growth (CSG), identify and maintain a record of investments that meet the requirements of consolidation. Implement controls to ensure that the list of investments to be consolidated is complete at any point in time on the consolidation platform. Monthly review and reconciliation of ZPR (SAP client depository) to ensure alignment of the investments list across the various business areas, i.e., completeness and accuracy to the trial balance. In liaison with Technical Finance, ensure the accuracy of the classification and measurement of the investments. Responsibility for the development and update of intercompany policies and procedures. Define and identify the nature of intercompany transactions and account types specific to the IDC reporting environment for intercompany transaction elimination purposes. Ensure the group consolidation process is in compliance with IFRS requirements. Keep abreast of latest developments in IFRS and integrate these into group accounting policies and procedures. Prepare monthly, quarterly, and annual internal consolidation financial reports to key IDC committees. Participate, provide input and support in the audit preparation process and during the performance of the external audit. Support the financial reporting team with the preparation of any internal financial reports, as applicable. Contribute to the preparation of external financial reports to external stakeholders. Assist with ad-hoc Financial Management department initiatives and projects. Create and maintain a good relationship with internal and external stakeholders. Provide coaching and training to the financial reporting team as and when necessary. Support and drive Innovation of the IDC group consolidation process. Participation in key meetings as per nomination.
Accounting / Financial Services jobs