Consolidation IFRS Specialist needed at Industrial Development Corporation

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Job title : Consolidation IFRS Specialist

Job Location : Gauteng,

Deadline : November 08, 2024

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Qualifications 

  • Bachelor’s degree in finance /accounting or equivalent CA(SA) – Mandatory

Experience:

  • 5-8 Years’ experience in finance or finance operations related roles.
  • 3-5 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.

Job Requirements

FUNCTIONAL KNOWLEDGE

  • Financial Consolidation
  • Consolidation systems
  • Financial accounting
  • Period end & Closing
  • IFRS (International Financial Reporting Standards)
  • JSE Listing Requirements
  • Corporate Governance – King IV

How to Apply for this Offer

Interested and Qualified candidates should Click here to Apply Now

  • Accounting / Financial Services  jobs