Finance Technical Specialist - Sandton Verfied

Salary Negotiable Sandton, Gauteng Sandton, Gauteng more than 14 days ago 14-03-2024 10:20:40 AM
04-04-2024 10:20:40 AM
Other
Act as the IFRS technical key person for the FM SBU. Perform the review of the IDC and related subsidiary AFS Reviews to identify disclosures that require improvements and also advise where additional disclosures are required to achieve compliance with IFRS, Public Finance Management Act and the related National Treasury regulations. Preparation of key AFS disclosure notes that require complex IFRS application. Create internal IFRS checklists for the preparation of the AFS and the related AFS disclosure requirements. Provide guidance to the Client, Service and Growth (CSG) team with regards to the requirements of IFRS 13 for the valuations prepared and the required inputs to the AFS disclosure notes. Keep abreast with the latest IFRS and GRAP technical updates and disseminate key updates within FM. Provide GRAP technical input in the preparation of the National Treasury template and advise on GRAP conversion journal entries required. Create a checklist for the classification of SPPI non-SPPI financial instruments and monitor business’s compliance with the checklist. Review complex Mezzanine agreements and determine the appropriate IFRS 9 classification to be applied. Review of complex restructure arrangements and advise on the appropriate accounting treatment to be applied. Draft accounting technical memorandums or position papers on the treatment of affected transactions and Financial Statement Line Items. Assist the FM IDC SBU teams with accounting technical queries. Perform research towards the development of technical material to identify in AFS disclosures. Perform any other IFRS technical-related work required by the business. Review of the deferred tax computation in terms of IAS 12 and the related AFS disclosures. To support the Head: Financial Management with regards to any reporting value-add analysis and committee representation as may be required from time to time. Participation in key meetings as nominated to. Participation in ad-hoc projects. Participate in audit liaison activities as may be required. ...

Profile
To ensure that the financial records and ultimately Annual Financial Statements (AFS) are in compliance with the adopted accounting framework which includes but not limited to, International Financial Reporting Standards (IFRS), Statements of Generally Recognised Accounting Practice (GRAP) through the provision of technical insight and direction. To support the FM team and various SBU’s by providing accounting technical related advice on transactions under consideration or concluded by the company.Qualification CA(SA). Further studies, such as an MCom (Accounting), will be an added advantage. Post-graduate diploma in Tax will be an added advantage. Knowledge Skills At least 8-10 years’ experience in IFRS in an accounting environment, preferably financial services. At least 5-7 years post articles experience. Thorough knowledge of IFRS, GRAP (added advantage) and applicable legal and regulatory requirements (including the PFMA National Treasury regulations). Strong IFRS 9 and IFRS 13 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. Must be deadline-driven with attention to detail. Computer literacy (excel) is essential with an ability to work under pressure to tight deadlines. Ability to think independently/laterally and have a logical approach to problem solving. Good communication skills and a ‘hands-on’ approach is required. Ability to simplify and explain highly technical information in a simplistic manner A mature personality that is self and output driven. Ability to present and explain information for decision making at all levels Ability to combine strong analytical skills with business knowledge ...

Recruiter: talentCRU