(487) Financial Reporting Technical Manager - FSD at South African Reserve Bank

Detailed description

The successful candidate will be responsible for the following key performance areas:

• Review and update the disclosures within the annual financial statements (AFS) for the SARB Group for compliance with IFRS and other relevant reporting frameworks.
• Lead technical accounting updates for the SARB and its subsidiaries, ensuring compliance with IFRS.
• Prepare position papers for technical accounting matters as and when required for submission to various committees and external auditors.
• Conduct impact analyses of new IFRS pronouncements and develop transition plans.
• Regularly review the AFS disclosures for IFRS impacts and communicate to various committees and external auditors.
• Prepare financial year-end submissions to various committees and external auditors.
• Oversee the management accounting and AFS for the Corporation for Public Deposits (CPD) and the Corporation for Deposit Insurance (CODI).
• Conduct impairment assessments for significant investments in compliance with International Accounting Standard (IAS) 36.
• Review and continuously monitor and update the IFRS 9 classification, measurement and disclosure in line with the business model objectives of the SARB Group.
• Perform the IFRS 9 expected credit loss assessment for the SARB and its subsidiaries.
• Lead all implemented projects related to IFRS compliance.
• Provide training on the practical application of IFRS and the SARB accounting policies.
• Fulfil the team leadership function pertaining to the development and performance of the team.
• Monitor and ensure adherence to processes and internal controls to ensure validity and accuracy of financial results.
• Stay current with developments in financial reporting and central banking and ensure the application thereof.

QUALIFICATIONS

To be considered for this position, candidates must be have:

• a minimum of a Chartered Accountant (South Africa) qualification; 
• a minimum of five years’ post-articles experience in a technical accounting role.

Additional requirements include:

knowledge of and skill in:

• industry, organisational and business awareness;
• quality assurance;         
• continuous improvement;           
• continuous learning and/or professional development;     
• financial strategy;          
• financial legislation and governance, risk and compliance;
• financial project management;    
• financial forecasting and budgeting;
• financial accounting;      
• cost accounting;            
• management accounting;           
• financial analysis and reporting; 
• financial reconciliation;
• asset management;       
• taxation;           
• function specific: performance management;      
• function specific: information systems;    
• business continuity planning;
• Microsoft (MS) Excel, Word, PowerPoint and other computer-related knowledge and skills;
• analytical and problem-solving skills;
• resilience;
• strategic thinking skills;
• conceptual thinking skills;
• effective communication skills;
• impact and influence;
• judgement and decision-making skills;
• building and maintaining relationships;
• results driven;
• flexibility/agility;
• professional report writing skills;
• managing complexity and ambiguity.