Financial Accountant

To assist with Financial Reporting activities for parent company, internal subsidiaries and consolidated financial statements. Be responsible for managing financial transactions, preparing financial reports, and ensuring compliance with regulatory requirements.

• Bachelor's / post-graduate degree in Financial / Management accounting

• CA(SA) would be advantageous

• Minimum of 5-8 years’ PFMA experience in Financial services, the public sector and DFI’s

• Experience dealing with internal and external auditors.

• Knowledge and experience of the SAP system required

• Experience in preparing financial statements on SAP DM would be advantageous

• Preparation of the notes to the Consolidated Annual Financial Statements.

• Ensure that all internal subsidiaries financial statements are timeously prepared and  comply with IFRS.

• Liaison with both internal and external auditors.

• Preparation of VAT returns for internal subsidiaries.

• Day-to-day checking of payment proposals, journal postings and invoice processing.

• Preparation of reconciliations, financial information analysis and commentary, and       general ledger closure.

• Prepare quarterly reports submitted to National Treasury and Reserve Bank.

Daily and Monthly duties :

• Posting transactions into the SAP system.

• Checking, and releasing IDC payments (accounts payable process).

• Processing and performing leave pay provision and payroll journals and reconciliations.

• Performing staff debtors’ reconciliation.

• Performing intercompany journals and reconciliations.

• Executing sundry income and staff debtors’ recovery processes.

• Preparing audit fee provisioning.

• Preparing provision for incentive bonus, non-pensionable allowance and long-term  bonus journals reconciliations.

• Preparing retirement medical aid provision journals and reconciliations.

• Preparing VAT201 returns for internal subsidiaries.

• Preparing the imported services register.

• Raising various invoices for client fees and sundry income.

• Preparing the director emoluments confirmations.

• Processing capital transfers from debtors to loans.

• Allocating receipts of monies from FASSET, IDC pensioners, I Do Care payroll, creche, Cash Management for corporate gifts and access cards and sundry income invoices.

• Checking payment proposals, transfers of monies between various bank accounts  and daily money market deals.

• Authorising bank charges, municipal invoices and statements.

• Validating vendor roles on SAP.

• Allocation of Guardrisk money received and payment to Guardrisk for IDC  Pensioners’ insurance.

• Perform ad-hoc tasks for Manager : Financial Management and other departments.

• Attend various meetings on behalf of the manager and provide feedback.

Quarterly duties :

• Perform National Treasury financial reporting (PE48, N01, N02, MTEF), Reserve Bank reporting (F02 and F04).

Interim and Year end duties :

• Ensure completion of internal subsidiary trial balances for group consolidation.

• Assist in drafting and sending out letters to all associates and subsidiaries, as well as following up on outstanding letters at interim and year end consolidation process.

• Assist in verifying the intercompany confirmations received from external subsidiaries.

• Assist in performing elimination and consolidation entries in the consolidation model.

• Assist in the preparation of the Annual Financial Statements notes.

• Assist with the preparation of IAS 28 investments in associates and joint ventures.

• Accounting for accruals, including dividends.

• Be a 1st – level reviewer in other notes to the interim and annual financial statement.

• Assist in financial results presentations and analysis (abridged financial statements, CFO reports, commentary, analysis, going concern assessments, share portfolio reporting etc.)