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Richemont owns some of the world's leading luxury goods Maisons, with particular strengths in jewellery, fine watches and premium accessories. Each Maison represents a proud tradition of style, quality and craftsmanship and Richemont seeks to preserve the heritage and identity of each of its Maisons. At the same time, we are committed to innovation and designing new products which are in keeping with our Maisons' values, through a process of continuous creativity.
MAIN PURPOSE The Head of Accounting reports directly to the Head of Finance and is responsible for the full accounting and financial reporting function, as well as management of the accounting team.
Finance team size: 6 team members, with 3 reporting directly to the head of accounting.
KEY RESPONSIBILITIES: (But not limited to)
o Reporting directly to the Head of Finance
o Monthly preparation & submission of financial reporting pack to the Group Accounting team in Switzerland
o Accuracy and correctness of income statement and balance sheet, + review of all supporting recons and controls
o Day to day management of finance staff and review of their work (3 direct reports)
o Training/Mentoring finance staff
o Monthly presentations to regional accounting management (MEIA region)
o Being a key point of contact & business partner to the Brands and other Richemont departments
o Review and sign-off of all creditor recons and payments, ensuring business compliance with procurement policy
o Monthly inventory review, reconciliation and controls monitoring
o Monitoring of internal controls & compliance
o Calculation of income tax; ensuring income tax submissions/provisional tax are done correctly and on time
o Calculation of VAT and VAT submission
o Overseeing stock counts and training other finance and logistics staff on the process
o Managing the external audit process and been accountable for any audit issues identified
o Preparation of Annual Financial Statements
o Assisting HOF with budget preparation
o Project management and implementation of system and process improvements
o Developing and maintaining external relationships with appropriate contacts e.g., auditors, bankers, business support partners and SARS
o Producing ad hoc accurate financial reports to specific deadlines
o Keeping abreast of changes in financial regulations and legislation
o Corporate & social responsibility reporting
DIMENSION: o Geographical area under responsibility: South Africa
o Company Scope: 10 Brands, 3 Retail boutiques, and Richemont Departments
KEY COMPETENCIES: o Entreprenueral and resourceful
o Solid interpersonal skills
o Ability to communicate effectively at all levels
o Excellent verbal and written communication skills
o High degree of autonomy and motivation
o Agile and able to deal with high pressure
o Intergrity and strong work ethic
o Positive attitude, curiosity and resilient
o Team player
ACADEMIC BACKGROUND & REQUIRED EXPERIENCE: o At least 1 year post articles experience
o Expertise in IFRS & GAAP
o FMCG experience advantageous
o MS Packages – Advanced proficiency (including Excel)
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