Accountant

Full description

About the role The purpose of the Non-RSA Accountant in the Group Reporting team is to perform the statutory reporting functions by ensuring IFRS compliance, managing the compilation, audit and signing of Annual Financial Statements for all Group companies outside of South Africa, Lesotho, Eswatini and Namibia and consolidating these results for Group reporting. The primary responsibilities are included in the role description below. This role is integral to maintaining the financial health and transparency of the organisation, ensuring that all financial reporting is accurate, timely, and in full compliance with relevant accounting standards. What you'll do Non-RSA Consolidation Functions: Monthly : - Prepare and distribute the foreign currency exchange rates in the Group’s format. - Roll forward recurring consolidation journals in BPC. - Calculate and post monthly consolidation journals (hyperinflation, discontinued operations, internal trademark elimination, forex hedge, and reallocate unrealised profits). - Submit consolidation input schedules for disclosure notes. - Complete the consolidation journals report. - Compile monthly reports for key financial matters on posted journals. Quarterly: - Perform analytical reviews on divisional financial data for the Non-RSA entities to ensure the information submitted is correct and fairly presented. - Submit the tax disclosure notes for the consolidation journals and complete the consolidation section in the tax analytics file. Ensure completeness of the tax submissions and perform analytical review to assess the reasonability of information presented. - Complete internal financial controls attestation form. Bi-annually (December interim and June year-end): - Assist with the ECL (IFRS 9) calculation process for receivables within Non-RSA entities (if applicable). - Perform loan movement analyses for Non-RSA and capture inputs on BPC (Inter-Co Disclosure model). - Manage the IFRS 7 disclosure process: Collect foreign exchange rates and bank interest rates from the treasury department; Review divisional inputs; Run the interest and foreign currency sensitivity calculations on BPC; Complete IFRS 7 disclosures for the consolidation entries for Non-RSA; and Review calculated sensitivities for the Group. - Prepare discounted cash flow calculations for the trading Non-RSA entities and calculate the investment impairments (IFRS 9) for Shoprite International Ltd (Non-RSA holding company). Annually (June year-end): - Assist with audit queries on the consolidation files and journals. - Prepare the budget for consolidation entries for Non-RSA. - Update the Group restricted cash memo (IAS 7). - Post the interdivisional sales elimination AFS journal for Non-RSA. - Roll forward the consolidation journals to the new financial year and perform reconciliations. Annual Financial Statements Compilation Functions: - Prepare annual financial statements in compliance with IFRS (or other accounting framework applicable) for 25 Non-RSA statutory legal entities: June year-end: 20 legal entities (Botswana, Egypt, Ghana, Malawi, Mauritius, Mozambique, Nigeria, Tanzania, Uganda,Zambia and Zimbabwe) December year-end: 5 legal entities (Angola, DRC and Nigeria) - Prepare financial summaries for 3 Non-RSA statutory legal entities (Kenya, and Mauritius) - Respond to and resolve audit queries and manage the sign-off process to meet deadlines. - Manage Trainee Accountants that assist with preparation of annual financial statements. - Prepare retained earnings reconciliations. - Prepare going concern assessments and request letters of support and subordination agreements from the Legal Department if needed. - Additional responsibilities specific to December year-end annual financial statements: Calculate and prepare fixed asset registers (including impairment calculations) in terms of Angolan GAAP. Assist with December year-end input schedules on BPC for disclosure notes. Calculate and post IFRS reversal and other AFS journals. Ad-hoc functions: - Trainee Accountants Provide training to Trainee Accountants that assist with the preparation of annual financial statements (3 at June year-end and 2at December year-end). Review learning outcome reviews (LORs) on SAICA EAT submitted on a monthly basis. Review work performed by Trainee Accountants. Provide feedback to Trainee Accountants and attend their Atcor assessments. - Other Calculate and post ZAR forcing journals for correction of system-calculated translation of intergroup transactions (if applicable) at month-end. Write memos and policy documents as required. Liaise and communicate with the external auditors. What you bring - Education: Bachelor of Accounting Honours degree, or equivalent qualification, with completed SAICA articles is essential. - Certification: Qualified Chartered Accountant (CA(SA)) – preferred. - Ability to work with high volumes of data and with tight deadlines. Additional advantageous exposure - Relevant experience in a financial Group Reporting setting of a JSE listed company with exposure to applying financial risk and control frameworks and relevant remediation or similar role. - Expert knowledge on IFRS. - Experience working on SAP (general) and BPC