Financial Reporting Analyst

JSE Limited; Sandton; On-site; ZAR 900,000 - 1,300,000; Full time

Benefits offered by this job

Health benefits

Job summary

JSE Limited is seeking a technically skilled professional to act as a Financial Reporting Authority under IFRS. The role focuses on ruling regulatory positions and ensuring high standards in financial reporting within the market.

You will engage with senior stakeholders, produce clear technical conclusions, and contribute to shaping market practice through external committee involvement.

Qualifications

• Strong knowledge of IFRS requirements and their application to the business environment.
• Excellent written and verbal communication of technical accounting matters.
• Ability to analyse information from various sources to detect trends and cause-effect relationships.

Responsibilities

• Execute analysis of financial statements to identify non-compliance with IFRS and GRAP and contribute to the integrity of financial reporting.
• Apply advanced technical judgement to resolve routine and complex IFRS accounting matters.
• Draft regulatory correspondence with precise detail and defend technical positions.
• Manage PM process in a pragmatic, business-friendly manner while promoting high-quality reporting.

Skills

IFRS knowledge

Analytical thinking

Communication skills

Education

CA(SA) qualification

Job description

WHY JOIN THE JSE? The JSE recognises that its success and strength depend on the quality of its employees. We are committed to fostering a culture of continuous learning and high standards of performance. Our employee wellness programme is designed to encourage work-life balance for employees. We naturally seek to empower staff and encourage diversity and opportunities for all.

Introduction

To execute on the JSE regulatory framework in the area of financial reporting and so build the reputation of the JSE as a credible, well-regulated exchange and contribute to the achievement of its strategic priorities.The role operates as a technical authority, responsible for determining regulatory positions on financial reporting matters requiring exercise of advanced and integrative technical judgement. Through engagement with senior stakeholders the role influences broader financial market reporting practices and supports the integrity of financial reporting and enhancing the credibility of the JSE as a regulator.

Executing the Financial Reporting Proactive Monitoring (“PM”) review process through case ownership and technical IFRS Accounting Standards Analysis

• Execute on the analysis of financial statements to identify and correct for non-compliance with IFRS Accounting Standards and/or GRAP and, in so doing, contribute to the integrity of financial reporting in our market.
• Identify issues beyond those raised through external review processes
• Apply advanced and integrative technical judgement to resolve both routine, complex and ambiguous IFRS accounting matters
• Formulate and articulate clear, defensible and well-supported technical conclusions
• Exercise delegated authority in determining regulatory positions and outcomes within defined governance frameworks

Stakeholder Relationship Management and drafting of Technical Correspondence

• Draft regulatory correspondence using judgement to include correct level of detail and appropriate technical arguments
• Challenge issuer responses appropriately, constructively and drive resolution of technical matters
• Handle sensitive matters in a professional and balanced manner
• Ensure execution of the PM process creates an atmosphere that is pragmatic; business friendly and not seen as being aggressive whilst promoting quality in our market
• Contribute to shaping market practices and promoting high-quality financial reporting through stakeholder interaction and external committee participation

IFRS Research and Participation in Technical Discussions

• Conduct targeted IFRS Accounting Standards and/or regulatory research
• Participate in internal technical discussions and review sessions
• Contribute own technical views on defined matters
• Apply findings to specific case scenarios
• Respond to requests for technical financial reporting advice from other issuer regulation business units

Process and Workflow Support

• Maintain organisation and process discipline
• Ensure timely progression of assigned work
• Assist in application of the annual selection process for cases
• Provide support to specialists to prepare and publish market reports

Trend Identification and Continuous Learning

• Identify recurring issues across assigned cases
• Escalate observed trends or emerging risks to Specialists
• Develop technical knowledge and capability through exposure and feedback

Registered as a CA(SA)

• 2-4 years post articles experience in financial reporting and/or analysis of financial statements (the application and interpretation thereof) focusing on International Financial Reporting Accounting Standards as issued by the IASB (IFRS Accounting Standards)
• Demonstratable evidence of experience applying IFRS Accounting Standards
• Experience within the accounting technical department of an audit firm, company or asset manager preferable (but not essential)

Knowledge and Skills required

• Strong knowledge of IFRS requirements and their application (on a pragmatic basis) to the business environment.
• Knowledge in Standards of Generally Recognised Accounting Practices issued for the public sector (“GRAP”) is not essential but will be an advantage
• Ability to absorb new information and apply it when analysing data to make decisions.
• Ability to analyse information from a variety of sources to detect trends, associations, and cause-effect relationships.
• Ability to apply technical knowledge to structured, practical scenarios
• Good written and verbal communication skills of technical accounting matters.