MAIN PURPOSE OF THE JOB
To manage the Financial reporting for Group (including Group entities), provide technical accounting opinions and to project manager the statutory audit.
REPORTING TO: Head: Group Financial Reporting
MINIMUM EDUCATION & EXPERIENCE
- CA (SA)
- 10 -7 years post articles experience in relevant banking environment in a managerial position
KEY RESULT AREAS
- Managing and producing the Group Financial Statement for the bank’s entities
- Consolidated
- Insurance Group
- RDS AFS
- Financial Statements must be produced on a timely basis for Annual, interims and quarterly basis
- Ensure the accuracy of numbers to underlying sources and adequate auditable schedules support the FS
- Review and sign off annual financial statements to ensure accuracy, completeness and confidentiality of the statements, prior to the release thereof.
- Managing the aggregation, consolidation and reporting of results, to ensure it meets the needs of all key stakeholders (Exco, Board Members, Divisional Heads etc)
- Ensure that adequate disclosure, accounting and reporting taking into account reporting requirements detailed with
- IFRS compliance
- Bank Act, Prudential authority Guidance notes and directive
- JSE Listing requirements
- Companies Act
- NCR and other
- Address and prepare written commentary on issues raised by the head of Group reporting
- Prepare board packs and commentary for African Bank board meetings and Group Audit Committee meetings
- Managing the financial reporting tool
- Take the lead in ensuring the external reporting aligns to current industry standard and best practice
Technical Accounting
- To provide technical accounting opinion that cover
- Recognition and measurement in the underlying system and financial systems
- Reporting and disclosing in the AFS
- Provide technical accounting opinions that cover
- New product implementation
- Requirements within finance
- Change in approach for existing products
- Enhancement opportunities that improve recognition and measurement
- Provide accounting opinions for matter raised by
- External audit
- Prudential Authority
- JSE and other regulators if necessary
- Audit Committee queries
- The lead in implementation of new standards and assistance in practical implementation
- Defining internal accounting policy standards
Project Management External audit Statutory and other external audit
- Develop and lead in delivery the year end audit with
- Project management of the audit
- Dealing audit queries during the audit
- Managing the audit engagement with Business and External audit team
- Managing other external audit assurance review as they occur throughout the year
- Preparing the going concern assessment
- Defining, setting up and monitoring the group internal financial materiality
- Undertaking valuation of group entities when required
- Conducting Financial review of other entities within the financial service industry
- Identifying opportunities to improve the control environment
Treating Customers Fairly and Compliance
- Create and maintain productive relationships with internal and external clients by providing advice and assistance
- Create understanding of the ‘real’ versus ‘perceived’ need through experience and expertise while complying with company policies, legislation and regulations
- Keep the client informed about progress through written communication, telephone communications, and/or face-to-face meetings
- Build a positive image by exceeding client expectations at all times
- Treat internal and external customers fairly at all times
Management of Resources
- Manage and develop subordinate(s): Performance management in terms of contracting, reviews and poor performers, Training and development, Employee relations
- Manage people efficiencies through leave management, headcount budget, fixed term contracts, staff movements, secondments, staff utilization
- Take appropriate disciplinary measures as required
- Facilitate induction of new staff within one month of joining the organization
Desired Skills:
- CA(SA)
- Technical Accounting
- Technical Report Writing
- Group Financial Statement
- Banking
- External audit Statutory and other external audit
- Financial Reporting
Desired Work Experience:
- 5 to 10 years
Desired Qualification Level & Accreditations:
- Honours
- South African Institute of Chartered Accountant