Senior Financial Accountant

Latus Group; Sandton; On-site; ZAR 900,000 - 1,200,000; Full time

Job summary

Latus Group is seeking a seasoned Financial Reporting professional to drive IFRS-compliant reporting, manage complex financial transactions, and coordinate with internal/external auditors. The role focuses on ensuring accurate financial statements, fair value calculations, and ECL-related entries within the SAP environment.

Ideal candidates have 5–8 years in financial services or public sector DFIs, with PFMA exposure and strong analytical skills.

Qualifications

• Bachelor's degree in Financial/Management Accounting is required.
• Post-Graduate degree / CA(SA) would be advantageous.
• 5–8 years' experience in financial services, public sector or DFI space with PFMA exposure.
• Experience with IFRS 10, IAS 28, IFRS 9 and ECL accounting.
• Experience dealing with internal and external auditors; SAP experience advantageous.

Responsibilities

• Act as transactions poster in the SAP system.
• Checker and releaser for IDC payments (AP process).
• Update monthly share portfolio prices and compute fair values in SAP.
• Maintain monthly fair value workbook for listed/unlisted shares and SPPI shares; park journals in SAP.
• Perform share reconciliations between movement schedules, ZIMP and GL.
• Custodian of share documents and track movements.
• Record share/loan write-offs and ECL releases in GL accounts.
• Perform loan reconciliations between TB, ZPR and loan-book.
• Ad-hoc tasks for Manager: Financial Management and other departments.
• Attend meetings on behalf of manager and provide feedback.
• Prepare IFRS 9 modifications gains/losses and reconciliations.
• Review reconciliation of unallocated loan receipts suspense item with Loans Management.
• Monthly debtors reconciliation and follow-up on long outstanding receipts.
• Prepare IFRS 16 leases reconciliations and related month-end journals.
• Prepare loan movement reconciliations.

Skills

Financial analysis

Attention to detail

Communication skills

Problem-solving

Stakeholder management

Education

Bachelor's degree in Financial/Management Accounting

CA(SA) would be advantageous

Tools

SAP

Job description

Job Description

To assist with Financial Reporting activities and be responsible for managing financial transactions, preparing financial reports, and ensuring compliance with regulatory requirements.

Qualification and Experience

Qualification

Bachelor's degree in Financial / Management Accounting
Post-Graduate degree / CA(SA) would be advantageous

Experience

• 5 to 8 years' experience in financial services, the public sector, DFI space: PFMA Experience.


• Experience in IFRS 10, IAS 28, IFRS 9 and accounting for Expected Credit Losses


• Experience dealing with internal and external auditors.


• Experience in preparing financial statements using recognised financial reporting and financial statement compilation software.


• Knowledge and experience in SAP advantageous.

Roles and Responsibilities

KEY RESPONSIBILITIES

Daily and Monthly duties:

• Acting as transactions poster into the SAP system.


• Acting as checker, releaser for IDC payments (AP process).


• Updating monthly listed share portfolio share prices and computing listed portfolio fair values in (ZIMP) SAP.


• Updating the monthly fair value of shares workbook (listed and unlisted shares and non-SPPI preference shares) with the objective of parking the journals in SAP.


• Performing share reconciliations between the share movement schedule, ZIMP and the general ledger.


• Custodian of share documents and tracking of share movements.


• Accounting for share and loans write-offs and disposals and ensuring the ECL releases relating to SPPI instruments are recorded in appropriate general ledger accounts (capital profits and losses workbook).


• Perform loans reconciliations between the loans trial balance, ZPR, and loan-book movement.


• Perform ad-hoc tasks for Manager: Financial Management and other departments.


• Attend various meetings on behalf of the manager and provide feedback.


• Prepare the modifications gains or losses calculation and reconciliation in accordance with IFRS 9.


• Through collaboration with the Loans Management unit, review the reconciliation of unallocated loan receipts suspense account as pertains to financial reporting transactions and follow up on uncleared items.


• Perform a monthly debtors reconciliation following up on long outstanding receipts and the related comments.


• Preparation of the IFRS 16: Leases reconciliation.


• Preparation of the relevant month-end related reconciliations and related journals.


• Preparation of the Loan movement reconciliation

Quarterly duties:

• Participate in the preparation of the quarterly mini-group management reporting. Provide inputs such as analytical review commentary on the statement of profit and loss and statement of financial position; performance of the analysis of borrowings, loan book, shares, dividends, interest income, borrowings, impairments and write-offs.


• Prepare the National Treasury statutory reports (PE48, N01, N02, MTEF), Reserve Bank reports (F02 and F04).


• Investment Monitoring Committee minute reconciliation with SAP.


• Upload of the ECL output file into SAP.


• Preparation of all related ECL reconciliations and process the related journal entries for manager approval.


• Quarterly reports to EXCO and the Board (movement commentary, variance analysis, graphs).


• Quarterly reports submitted to National Treasury and Reserve Bank.

Interim and Year end duties:

• Preparation of IFRS 9 notes, specifically Loans and advances to ensure that it is in compliance with IFRS 7: Disclosure of financial instruments.


• Preparation of IFRS 13: Fair value measurement notes.


• First - level reviewer in allocated notes to the interim and annual financial statements.


• Participate in financial results presentations and analysis (abridged financial statements, CFO reports, commentary, analysis, going concern assessments, share portfolio reporting etc.)


• Liaison with both internal and external auditors.

Job Requirements

TECHNICAL COMPETENCIES

• Financial Reporting and Annual Financial Statement Preparation (IFRS)


• Financial Modelling and data analysis


• Detail orientation and ability to analyse numerical data and to interpret financial statements


• Business acumen


• Performance Focus


• Analytical Skills (Financial Analysis, Variance Analysis and Management Reporting)


• Financial Reconciliations and General Ledger Management


• SAP Financial Systems and Financial Transaction Processing


• Stakeholder Management skills

BEHAVIOURAL COMPETENCIES

• Persuading and Influencing


• Delivering results and meeting customer expectations


• Supporting and co-operating


• Relating and networking


• Planning and organising


• Writing and reporting


• Good time management skills and the ability to perform under pressure.


• Ability to work independently and in teams


• Keen for new challenges and open to different ways of performing tasks


• Analytical and attention to detail


• Business acumen


• Performance Focus


• Relationship building skills