Financial Reporting Accountant at Talented Recruitment Specialists

About the job

• A leading logistics company in Ballitis looking for a highly skilled Financial Reporting Accountant tjoin their team. Consolidation experience is essential for this role.
• This role is responsible for ensuring accurate financial reporting, maintaining strong internal controls, and ensuring compliance with all relevant financial regulations.

Requirements:

• Extensive experience in financial consolidation, reporting, and IFRS
• Proven track record in managing teams and operational finance
• Strong proficiency in Excel and MS Office tools
• Proficient in MS Dynamics Business Central and OneStream – Enterprise Finance Management
• Self-motivated and able twork independently
• Demonstrates a smart approach tproblem-solving and decision-making

Duties and responsibilities:

YTD consolidation packages:

• Lead the process of performing and submitting the core consolidation packages for the gas and fuel business units individually.

Linked elimination files:

• Inter-elims, Group elims, investment elims - linked tthe respective data-warehouse (DW) files

Quarterly legal and professional fees:

• Review the file before submission tGroup for further review/processing.

Monthly analysis of Group overhead expenses:

• Responsible toversee the submission of the Quartely Group overheads analysis for Group review

OneStream yearly upload files:

• Files used for uploading information in Onestream which supports all cube view data for numerical notes and disclosure amounts in the financial statements in accordance with IFRS.
• Used tconnect the financial information in the Onestream upload files. 

Examples are:

• Fixed assets (continuity schedules)
• Intangible assets
• Movement in long-term borrowings
• Weighted average interest rates on various Fuel & Gas borrowings
• Commitments - Guarantees
• ECL and specific allowance workings
• Liquidity risks (maturity analysis of non-derivative financial instruments)
• Related party transactions (balance sheet & income statement) - and director remuneration data
• Credit risk, Market risk sensitivity disclosures.
• Interest expense analysis

Completed stand-alone and consolidated dataset for all SA Companies in OneStream:

• Having ALL SA company TBs loaded successfully in OneStream without any imbalances / errors in data / mapping issues, by the Financial Managers. Conduct e a series of checks that the OneStream infis complete and accurate.
• Ensuring that all eliminations loaded are (a) against the correct IC partner, (b) for the correct amount, (c) against the correct account, by the Financial Managers. Conduct a series of checks that the OneStream infis complete and accurate.
• Ensuring that the Cash flow statement balances for all SA companies in OneStream.
• Ensuring that all supporting cube views (for BS and PnL required notes), as well as supplementary data, is completely and accurately loaded in the system, by the Financial Managers. Conduct e a series of checks that the OneStream infis complete and accurate.

IFRS compliance:

• Overall responsible tensure that the annual accounts are in compliance with IFRS.
• Preparing new accounting memorandums
• Coaching TM thandle simpler accounting transactions
• Be overall responsible for accounting for internal re-structurings, and prepare journals for disposal accounting / amendment of consolidation adjustments, liaise with local Fuel + Gas FMs tensure the elimination files are amended as necessary

Financial statement preparation:

• Obtaining, reviewing, and using the data necessary for the preparation of the financial reporting package for all reportable entities.
• Monitoring the timelines of completion, review and sign-off by directors & auditors of all statutory financial statements.
• Promptly arrange for the review of the pre-final drafts of FS by Group Finance and Directors, in anticipation of signing.

Management of the annual audit cycle:

• Lead the auditor re-appointment process and ensure all engagement letters are signed
• Co-ordinate the commencement of the interim/final audits.
• Optimize the audit cycle, by exploring options of getting as much of the job done as possible during interim period, arrange for more analytics tbe deployed by auditor.
• Follow up on the review plan and ensure that all counterparties deliver as per the set timeline (tbe discussed and driven by you on an annual basis).
• Be able tunderstand priorities and make changes tthe initial plan as necessary in an agile way

Monthly management tax accruals:

• Drive the change in the way SA records tax accruals (simple PL method) and create a file in order tfollow the policy used by the Group on calculating income tax and perform alsa roll-forward for DTA/DTL.

Provisional income tax computations:

• Preparation and submission for Group senior tax manager/Head of Tax of all provisional income tax computations

Annual income tax computations:

• Preparation and submission for Group senior tax manager/Head of Tax of all income tax computations.

Annual Transfer pricing reports:

• Work with the external consultant and oversee the preparation of the TP reports. Co-ordinate the delivery of all required data (from Fuel +Gas accounts) tthe consultant, in order for the consultant tprepare the draft reports.

Quarterly covenant compliance certificate:

• Prepare the quarterly covenant compliance calculations for use by the Treasury department (communication with finance counterparties as per loan agreement terms).

Reports around compliance with SARS/CIPC/SARB:

• Lead, in collaboration with other departments (Treasury, Operations, Legal), the preparation, and submission, of documentation required by CIPC, SARS, SARB.