Group Financial Accountant

Mondia Group; Johannesburg; On-site; ZAR 400 000 - 800 000; Full time

Job summary

An established industry player is seeking a Group Financial Accountant to oversee financial reporting and consolidation. This pivotal role involves ensuring compliance with accounting standards, managing audits, and providing strategic insights to senior management. You will collaborate with cross-functional teams, drive process improvements, and enhance financial systems. The ideal candidate will possess strong analytical skills, attention to detail, and a proactive approach to problem-solving. Join a dynamic team where your contributions will significantly impact the organization’s financial health and operational efficiency.

Benefits

Pension Fund

Medical Aid

Qualifications

• 5+ years of relevant accounting/finance experience required.
• Strong knowledge of IFRS/GAAP and financial reporting standards.

Responsibilities

• Prepare and consolidate group financial statements in accordance with IFRS/GAAP.
• Manage audits and liaise with external auditors for compliance.
• Identify opportunities for process improvement within finance.

Skills

Financial Reporting

Financial Consolidation

Audit Management

Analytical Skills

Communication Skills

Problem Solving

Attention to Detail

Process Improvement

Education

Bachelor's degree in Finance or Accounting

CPA, ACCA, CA or equivalent certification

Tools

Microsoft Office Suite

ERP Systems

Job description

The Group Financial Accountant is responsible for managing and consolidating the financial accounts of the group, ensuring accurate and timely financial reporting. This role involves overseeing group-wide financial processes, maintaining compliance with accounting standards, and providing strategic financial insights to support senior management. The Group Financial Accountant plays a crucial role in the preparation of financial statements, managing audits, and driving continuous improvement in financial processes across the group.

Roles And Responsibilities

Financial Reporting & Consolidation:

• Prepare and consolidate group financial statements in accordance with IFRS/GAAP
• Ensure timely and accurate monthly, quarterly, and annual financial reporting for the group
• Coordinate preparation of balance sheet reconciliations for each entity including and report movements on an entity and group level
• Coordinate with subsidiary finance teams to gather financial data and ensure consistency across the group
• Manage bank reconciliations on a monthly basis for all entities ensuring all accounts are reconciled

Statutory Accounts & Compliance:

• Prepare statutory accounts for the group and ensure compliance with local and international accounting standards
• Liaise with external auditors during annual audits, ensuring smooth audit processes and timely resolution of audit queries across the group
• Ensure compliance with all regulatory requirements and maintain up-to-date knowledge of changes in accounting standards

Intercompany and CAPEX Accounting:

• Manage intercompany transactions, reconciliations, and eliminations to ensure accurate group consolidation
• Ensure that all intercompany balances are accurately reported and reconciled on a monthly basis
• Ensure accurate recording of company CAPEX in accordance with IFRS
• Review monthly CAPEX spend ensuring correct depreciation / amortisation rates are applied
• Regular reviews of impairment of assets and items no longer required / exist
• Maintain group intangible and tangible Assets register and reconciliation

Cash Flow & Treasury Management:

• Assist in managing group cash flow, including cash flow forecasting and working capital management.

Process Improvement & Automation:

• Identify opportunities for process improvement and automation within the group finance function
• Lead or participate in projects to enhance financial systems, reporting tools, and processes to increase efficiency and accuracy
• Lead group wide implementation of new accounting standards

Cross-functional Collaboration:

• Work closely with other departments (e.g., Tax, Treasury, Legal) to ensure financial objectives are aligned and achieved
• Act as a key financial advisor to business units, providing guidance on financial implications of business decisions

Requirements

Core Competencies

• Strong knowledge of accounting principles, financial reporting, and regulatory requirements
• Proven experience in financial consolidation, reporting, and analysis
• Experience in managing audits and liaising with external auditors
• Proficiency in financial software and ERP systems, with advanced Excel skills
• Excellent communication and interpersonal skills
• Ability to work in a dynamic, fast-paced environment with a high degree of professionalism
• Strong analytical and problem-solving abilities
• Strong detail and deadline orientation

Behavioral Skills

• Communication: Excellent verbal and written communication skills, with the ability to present complex financial information clearly to senior management and other stakeholders
• Analytical Thinking: Strong analytical skills with the ability to interpret financial data, identify trends, and provide strategic recommendations
• Attention to Detail: Meticulous attention to detail, ensuring accuracy and integrity in financial reporting and analysis
• Problem Solving: Proactive problem-solving abilities, capable of identifying issues and implementing effective solutions
• Adaptability: Flexible and adaptable in a fast-paced environment, able to manage multiple priorities and deadlines
• Collaboration: Strong collaboration skills, with the ability to work effectively with cross-functional teams across different regions
• Integrity: Upholds the highest ethical standards, demonstrating transparency, honesty, and accountability in all financial dealings
• Proactive: Takes initiative in driving process improvements and identifying areas for financial optimization
• Time Management: Excellent organizational and time management skills, with the ability to prioritize tasks and meet tight deadlines

Technical Competencies/Skills

Proficient computer skills, including Microsoft Office Suite (Word, PowerPoint, Outlook, with Advanced Excel

Education

Bachelor's degree in Finance, Accounting, or a related field; CPA, ACCA, CA, or equivalent certification preferred.

Experience

At least 5 years of relevant accounting/finance experience

Licenses and certifications

CPA, ACCA, CA or equivalent

Physical demand and working conditions

Professional office environment

Ability to travel regionally and internationally

Benefits

Pension Fund

Medical Aid