Assistant Ifris Specialist : Five Year Fixed-Term

Cef Group; Gauteng; On-site; ZAR 600 000 - 800 000; Full time

Job summary

A diversified energy company in Gauteng seeks an experienced Assistant IFRIS Specialist for a five-year fixed-term position. The role requires a bachelor's degree in accounting and 5-8 years of IFRIS Specialist experience in a large organization or accounting firm. Responsibilities include assessing energy asset transactions, advising on accounting treatments, and preparing financial reports. Additional desirable skills include advanced knowledge of financial reporting standards and excellent communication abilities.

Qualifications

• 5–8 years' experience as an IFRIS Specialist in a large organization or accounting firm.
• Experience in preparation, supervision, and review of financial statements.

Responsibilities

• Assess transactions on acquisition of energy assets and provide accounting treatment advice.
• Participate in project investment activities and review financial statements.
• Guide the preparation of consolidated and Annual Financial Statements.

Skills

Extensive knowledge of IFRS and financial reporting standards

Strong understanding of financial reporting processes

Excellent communication and presentation abilities

Ability to work under pressure and handle tight deadlines

Strong stakeholder engagement and collaboration abilities

Education

Matric and bachelor's degree in accounting or equivalent qualification

Registration as a Chartered Accountant CA(SA)

Honours Degree or Postgraduate Diploma in Finance

Job description

Assistant IFRIS Specialist : Five Year Fixed-Term

INTERNAL AND EXTERNAL VACANCY : ASSISTANTIFRIS SPECIALIST : FIVE YEAR FIXED-TERM

CEF is a Schedule 2 state owned diversified energy company reporting to the Department of Mineral & Petroleum Resources.

The Mandate of CEF is to contribute to the security of energy supply of South Africa and the Region through exploration, acquisition, development, marketing and strategic partnership.

It is derived from the CEF Act (No 38 of ) and the Ministerial directives issued thereafter.

JOB PURPOSE

The assistant accountant assesses the transactions on acquisition of energy assets and provides advice on accounting treatment of transactions; participate in the project investment activities and provide accounting advice; review financial statements and related assessment reports.

REQUIRED MINIMUM QUALIFICATIONS AND EXPERIENCE

Matric and bachelor's degree (NQF 7) in accounting or equivalent qualification.

A minimum of 5–8 years' experience as an IFRIS Specialist that must include experience in providing IFRIS advice in a large organization or accounting firm, as well as the preparation, supervision, and review of financial statements.

Registration as a Chartered Accountant CA(SA) is an added advantage.

An Honours Degree (NQF 8) or a Postgraduate Diploma in Finance or a related field is an added advantage.

DESIRED ADDITIONAL SKILLS / COMPETENCIES

• Extensive knowledge of IFRS and financial reporting standards
• Strong understanding of financial reporting processes
• Experience in policy development
• Advanced knowledge of accounting principles
• Sound knowledge of relevant legislation and regulations, including the CEF Act, PFMA, and Treasury Regulations
• Ability to analyze complex transactions
• Excellent communication and presentation abilities
• Ability to interact professionally across various managerial levels
• Ability to work effectively with diverse teams
• Ability to work under pressure and handle tight deadlines
• Capability to coordinate complex exercises
• Ability to manage people and oversee workflow
• High attention to detail & Strong time management skills
• Strong strategic thinking and effective decision-making
• Collaborative and able to work as a team player
• Excellent communication and interpersonal skills
• Proven ability as a change agent
• Strong stakeholder engagement and collaboration abilities
• Commitment to continuous improvement and quality orientation
• Service-oriented approach & demonstrated ethical conduct and professional integrity

KEY PERFORMANCE INDICATORS

• Participate in the project investment processes to establish accounting treatment of transactions from project inception.
• Prepare reports on accounting treatment of transactions in preparation for AFS.
• Perform analysis of different transactions and prepare submissions to Group FM for submission to CFO for approval.
• Guide the preparation of the consolidated and companies Annual Financial Statements.
• Guide the process of preparation of AFS taking into account the analyses performed in year and supporting documents collated.
• Facilitate the provision of AFS review input from the external stakeholders.
• Review the financial statements and trial balances and provide commentary for submission to the CFO.
• Ensure submission of AFS to external reviewer for quality assurance.
• Develop and review accounting policies in accordance with the appropriate accounting standards (IFRIS).
• Facilitate the communication of financial policies and procedures across the Group.
• Promote continuous improvement and compliance to financial policies and procedures.
• Monitor compliance to IFRS and National Treasury reporting guidelines.
• Ensure all supporting documents for transactions are ready for submission with AFS.
• Coordinate Internal and External Auditor processes.
• Monitor that internal and external audit requests are communicated to the right people and that information has been provided timeously.
• Coordinate and review responses to audit findings from both internal and external auditors.
• Ensure availability of external accounting support.
• Facilitate meetings with external accounting support and ensure alignment of assessments.
• Assess performance of the external accounting support services and recommend improvements.
• Conduct extensive research on improvement of accounting processes and advise on any required changes to the accounting treatment of transactions and improvement in processes.
• Track transactions and highlight outliers and provide guidance to affected stakeholders.
• Manage calendar of events for the Division.
• Manage the compliance certificates for the Division.

Closing Date : 14 December

NOTE: The successful candidate / s for the advertised position / s will be required to undergo personnel suitability checks, which includes, criminal records, citizenship, financial checks, qualifications and previous employment (Reference checks).

It is the responsibility of the applicant to make sure that foreign qualifications are evaluated by the South African Qualifications Authority and the evaluation certificate is attached to the application on submission.

If you do not hear from the CEF SOC three months after the closing date of the advertisement, consider your application unsuccessful.

CEF SOC reserves the right to not fill this position.

CEF SOC is an equal employment opportunity and affirmative action employer, and it is committed to the achievement and maintenance of diversity and equity in employment, especially in respect of race, gender and disability.

This position will be filled in accordance with the CEF SOC Employment Equity Plan.

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