Group Reporting Accountant

Closing Date: 2025/04/28

Reference Number: MMH250414-2

Job Title: Group Reporting Accountant

Position Type: Permanent

Role Family: Finance

Cluster: Group Finance

Remote Opportunity: Some of the time

Location - Country: South Africa

Location - Province: Gauteng

Location - Town / City: Centurion

Introduction

Momentum Group Limited (Momentum Group) is a significant player in South Africa's life insurance and integrated financial services sectors. We are a proud Level 1 B-BBEE South African-based group dedicated to building and protecting our clients' financial dreams. Our client-facing retail and specialist brands, including renowned names such as Momentum, Metropolitan, Guardrisk, and Eris Properties, play a pivotal role in fulfilling this purpose.

We are dedicated to rehumanising every interaction with our clients, stakeholders, communities, and society. At the heart of this commitment is our understanding that we are a business with heart. By infusing genuine care into every action and word, we demonstrate our unwavering value for our communities, stakeholders, and society.

Disclaimer: As an applicant, please verify the legitimacy of this job advert on our company career page.

Role Purpose

Accurately control and process financial information, including financial reporting and analysis, that enables the interpretation of financial information and informs business processes and decision making.

Requirements

• At least 2-3 years post article experience
• At least 2 years of experience with IFRS reporting and/or IFRS advisory
• Group consolidation and reporting experience advantageous
• Technical accounting experience advantageous
• Prior IFRS consolidation systems experience advantageous
• Experience working with executive level and senior stakeholders highly preferable
• Cognos Controller experience advantageous
• IFRS 17 knowledge and experience advantageous

Duties & Responsibilities

• Prepare and review journals to the general ledger
• Manage the reconciliations of transactions on the bank statement to the General Ledger
• Manage general ledger and other financial controls to ensure compliance to the relevant standards and controls
• Identify and resolve problem sources or escalate to relevant level of authority
• Initiate corrective action in business units when IFRS reporting and other regulations are not met appropriately
• Take responsibility for complete accounting function of companies within scope of responsibility
• Take responsibility for preparation of consolidation packs for companies within scope of responsibility
• Co-ordinate and review IFRS accounts for each reporting period in respect of high-risk areas of the process
• Review complex and judgemental IFRS accounting treatments submitted to Group by business
• Assist in completing processes required in the completion of group consolidation
• Contribute to the enhancement of systems, processes and issues in order to enhance financial management
• Contribute towards the implementation of new IFRS standards including the development of technical accounting frameworks, standards, disclosures, policies and processes
• Identify account variances and investigate root cause of variances
• Analyse financial reports and information to identify area of opportunities or potential risks within segments
• Advise and guide stakeholders and non-financial managers regarding finance elements
• Manage and resolve intercompany balance reconciliations within scope of responsibility
• Manage high risk and problematic financial issues in area of accountability and contribute to the development of policy
• Assist with the implementation of new reporting processes and systems
• Contribute towards the improvement of current reporting processes and tools
• Review reasonability of account balances and engage with business owners on accuracy thereof
• Take responsibility for allocated sections in group AFS, ensuring IFRS and group accounting policy compliance
• Assist in preparation of group annual financial statements compliant with IFRS and JSE listing requirements
• Prepare annual financial statements compliant with IFRS for companies within scope of responsibility
• Take corrective action when standards are not met
• Maintain and develop Group Finance culture, values and reputation with all staff to ensure motivation and engagement
• Liaise with external audit and assist in resolving audit queries

Competencies

• Verbal and written communication skills
• Critical thinking
• Reporting skills
• Problem-solving skills
• Methodical and systematic approach
• Planning skills
• Analytical thinking
• Attention to detail