Group Financial Accountant

Boardroom Appointments; Gauteng; On-site; ZAR 900,000 - 1,300,000; Full time

Job summary

Boardroom Appointments seeks a Group Financial Accountant to oversee shared services across HR, Risk, and Workshop, and to prepare P&L and balance sheet reports. You will collect data, analyze it for weekly and monthly estimates and drive group cashflow forecasting.

You will lead a team of accountants, supervise payments, manage IFRS compliance and year-end statements, and partner with tax consultants on group tax matters. Emailing updates to EXCO and stakeholders completes the cycle.

Qualifications

• 1-2 years post article experience
• Grade 12
• Newly qualified CA or equivalent
• Experience with Oracle would be advantageous
• Computer literacy, numerical skills
• Sound communication skills in written and verbal format

Responsibilities

• Oversee all financial functions at Shared Services (HR, Risk, Workshop)
• Preparing the monthly profit and loss, and balance sheet reports
• Collecting and analysing data, which is then used in the preparation of weekly and monthly estimates
• Responding to financial inquiries by gathering and interpreting data
• Prepare group cashflow reporting and cashflow forecasts
• Monitor daily cash balances and determine cash requirements
• Supervise financial department staff, including accountants and financial assistants
• Release payments submitted by group creditors on a timeous basis
• Implement financial reporting systems to comply with IFRS and government regulations
• Examine financial reports and data for discrepancies
• Prepare annual financial statements and working papers for group companies/trusts/dormant entities
• Prepare all tax calculations in accordance with tax laws
• Maintain relationship with tax consultants and be point of contact on tax matters
• Understand and apply IFRS and act as technical financial resource for the Group
• Prepare and Review balance sheet recons
• Prepare budgets and forecasts, consolidate budgets and forecasts
• Manage external audit for group entities
• Management of General Ledger and accounting standards interpretation
• Examine financial records for accuracy
• Manage and train staff
• Maintain monthly review packs for EXCO and stakeholders
• Provide guidance to BUs on accounting treatments
• Prepare consolidated group pack including DSO and covenants
• Prepare and oversee financial information for Zambia BU
• Work with Oracle administrator on GL mappings
• Update PowerBI dashboards monthly with forecasts and past figures

Skills

Post article experience

Grade 12

Computer literacy

Numerical skills

Communication skills

Education

CA qualification / Newly qualified CA

Tools

Oracle

Job description

About the job Group Financial Accountant

• 1 - 2 years post article experience
• Grade 12
• Newly qualified CA OR
• Previous experience working on Oracle would be advantageous
• Computer Literacy, Numerical skills
• Sound communication skills in both written and verbal format

Responsibilities:

• Oversee all financial functions at Shared Services (HR, Risk, Workshop)
• Preparing the monthly profit and loss, and balance sheet reports
• Collecting and analysing data, which is then used in the preparation of weekly and monthly estimates
• Responding to financial inquiries by gathering and interpreting data
• Prepare group cashflow reporting and cashflow forecasts
• Monitor daily cash balances and determine cash requirements needed to cover losses and payments (manage surplus cash via call accounts)
• Supervise financial department staff, including accountants and financial assistants
• Release payments submitted by group creditors on a timeous basis
• Implement financial reporting systems to comply with government regulations, legislation and changes in IFRS
• Examine all financial reports and data closely to check for discrepancies
• Prepare annual financial statements and all related working papers for group companies, trusts and dormant entities
• Prepare all tax calculations in accordance with applicable tax laws i.e., Income tax act, VAT act.
• Maintain relationship with tax consultants and be the point of contact on all tax related matters for the Group and its subsidiaries
• Must be able to understand and apply IFRS and become the technical financial resource for the Group
• Prepare and Review balance sheet recons
• Preparation of budget and forecast templates, and compilation of budgets and forecasts at shared services level
• Consolidation of budgets and forecasts
• Management of external audit for group companies, trusts, and dormant entities
• Management of General Ledger and application/interpretation of accounting standards
• Examining financial records to check for accuracy
• Managing and training staff when necessary
• Maintain and update monthly review packs and distribute to EXCO and stakeholders
• Provide guidance to BUs on accounting treatments and journals as and when special transactions occur
• Preparation of consolidated group pack including all input calculations such as DSO and Covenants
• Prepare and oversee all financial information for Zambia BU
• Work closely with the Oracle administrator on GL mappings and creation of new GL codes
• Update PowerBI dashboards on a monthly basis with forecast, budget, and prior year figures for all the Business Units, as well as estimates for Shared Services
• Closure of all ancillary business processes e.g. petty cash