Financial Accountant - IFRS Specialist

Placements24; East London; On-site; ZAR 900,000 - 1,300,000; Full time

Benefits offered by this job

Competitive salary

Medical aid

Retirement fund

Paid leave

Professional development

East London workplace

Modern accounting software

Career advancement

Job summary

Placements24 is seeking a Financial Accountant with IFRS specialization to ensure accurate and compliant financial reporting at our client site in East London, Eastern Cape. The role demands deep IFRS knowledge and the ability to apply standards to complex manufacturing transactions.

The successful candidate will manage the general ledger, support audits, and contribute to budgeting and forecasting while driving internal control improvements in a fast-paced environment.

Qualifications

• Requires a formal accounting degree or finance degree.
• Professional accounting qualification is essential.
• Minimum 5 years of IFRS-focused financial accounting experience.
• Experience with SAP or Oracle and advanced Excel skills.

Responsibilities

• Prepare monthly, quarterly, and annual IFRS financial statements.
• Ensure IFRS compliance across all reporting.
• Manage general ledger, reconciliations and journal entries.
• Support external audits and liaise with auditors.
• Analyze variances and explain financial performance.
• Develop internal controls to improve data integrity.
• Assist budgeting and forecasting with relevant data.
• Monitor changes in accounting standards and their impact.
• Disclosures and supplementary information for reporting.
• Identify process improvements in financial reporting.

Skills

Analytical thinking

Problem solving

Communication skills

Interpersonal skills

Ability to work under pressure

Education

Bachelor's degree in Accounting or Finance

CA(SA) / ACCA / CIMA qualification

Tools

SAP

Oracle

Excel

Job description

Our client, a leading automotive component manufacturer with a significant presence in East London, Eastern Cape, is seeking an accomplished Financial Accountant with a specialization in IFRS. This role is integral to ensuring the accuracy and compliance of financial reporting within the organization. The ideal candidate will possess a deep understanding of International Financial Reporting Standards and have a proven ability to apply them in a complex business environment. This is a crucial position for a meticulous accounting professional looking to make a significant impact in East London. We foster a culture of excellence and provide opportunities for professional growth.

Key Responsibilities

• Prepare and review monthly, quarterly, and annual financial statements in accordance with IFRS.
• Ensure accurate and timely application of IFRS standards across all financial reporting.
• Manage the general ledger, including reconciliations and journal entries.
• Support the external audit process, acting as a key point of contact for auditors.
• Analyze financial performance and provide explanations for variances.
• Develop and implement robust internal controls to enhance financial data integrity.
• Assist with budgeting and forecasting processes, providing relevant financial data.
• Stay abreast of changes in accounting standards and assess their impact on the company.
• Prepare financial disclosures and other supplementary information required for reporting.
• Identify and implement process improvements in financial reporting.

Requirements

• Bachelor's degree in Accounting or Finance; a professional accounting qualification (e.g., CA(SA), ACCA, CIMA) is essential.
• A minimum of 5 years of experience in financial accounting, with a strong focus on IFRS.
• Expertise in applying IFRS standards to complex financial transactions and reporting.
• Proficiency in accounting software (e.g., SAP, Oracle) and advanced Microsoft Excel skills.
• Strong analytical, problem-solving, and critical thinking abilities.
• Excellent communication and interpersonal skills, with the ability to articulate complex accounting issues clearly.
• Experience managing audit processes and preparing financial statements for audit.
• High level of attention to detail and commitment to accuracy.
• Ability to work effectively under pressure and meet stringent deadlines.
• Experience in the manufacturing sector is advantageous.

Benefits

• Highly competitive salary package reflecting expertise in IFRS.
• Comprehensive medical aid and retirement fund contributions.
• Generous paid annual leave and holiday entitlements.
• Opportunities for professional development and advanced IFRS training.
• Work within a leading manufacturing firm in East London.
• A dynamic and collaborative team environment focused on financial excellence.
• Access to modern accounting software and technology.
• Potential for career advancement within the organization.