Senior Financial Accountant — IFRS, SAP & Reporting Expert

Industrial Development Corporation

Gauteng

On-site

ZAR 900,000 - 1,300,000

Full time

4 days ago

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Job summary

Industrial Development Corporation seeks a seasoned finance professional to assist with financial reporting and ensure compliance with regulatory standards. You will manage transactions in SAP, prepare monthly and quarterly reports, and coordinate with internal and external auditors while handling complex IFRS notes and ECL considerations.

The role requires 5–8 years in financial services/public sector/DFI space, PFMA familiarity, and SAP exposure; postgraduate CA(SA) credentials are

Qualifications

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

Responsibilities

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.