Group Financial Accountant - Contract at Cipla

Group Financial Accountant - Contract

To provide financial reports for the region to the CFO, Global Finance Department, company management, and external partners in financial reporting, accounting and tax matters. The support is achieved through accurate group financial accounting and reporting, strong technical skills, development of financial reporting models and ensuring the financial integrity of the statutory accounting records/group management accounts. Ensure that all group companies comply with tax rules and regulations (Income tax, Value-added tax and Transfer Pricing).

Accountabilities:

1.   Monitor developments of the South African Income Tax and VAT Act to ensure Corporate Tax compliance for the group

• Prepare quarterly income tax calculations for all group companies
• Calculate provisional tax payment amounts
• Assist external consultants in preparation of annual tax returns
• Prepare monthly VAT calculations and submission of VAT returns
• Complete IT14SD reconciliations
• Assists in resolving all tax related queries
• Keeps abreast of any tax updates and application on the group

2.   Oversee group accounting activities required to maintain the organisation’s general ledger, overall financial accuracy and resolve financial issues

• Resolve complex accounting issues and assist other personnel in resolving financial issues
• Review general ledger on a monthly basis to ensure accuracy of posting
• Track monthly OPEX spend and ensure monthly OPEX reports are generated
• Authorizes expenditure within LOA
• Take overall responsibility for the fixed asset register, including additions, disposals and write off entries.
• Prepare information/ slides for monthly governance and control review meetings
• Monitor loan covenants
• Provide financial information to external business partners (banks, insurance broker, auditors etc.)
• Assists with monthly and annual closing of accounting records ensuring all month end journals, provisions and accruals are accurately posted
• Trace and verify complex transactions posted and ensure these are correctly reflected in the general ledger for the group
• Intercompany reconciliations
• Assist with quarterly audit reviews and annual financial statement audit
• Assist to develop standard operating procedures relating to the accounting/ finance operations.
• Assist in complex IFRS accounting matters by conducting research and training sessions for the accountants across the group.
• Assist in ensuring that the accounting processing of Cipla Foundation is accurate and complete

3.   Assume overall responsibility of the reporting function to ensure accurate and consistent reporting for the group.

• Assume overall responsibility of the reporting function to ensure accurate and consistent reporting for the group.
• Assist in preparation of quarterly reporting packs and addressing any queries raised by Global.
• Develop financial and operational reports for company management and Global
• Prepare statutory, consolidated annual financial statements, compliant with IFRS and the Companies Act
• Responsible for the preparation of subsidiary statutory financial statements
• Takes ownership and drives external and internal audits, requests for information and explanations.
• Monitor the accounting & reporting developments in terms of IFRS and ensure that the group is applying all IFRS principles consistently.

Educational qualifications:

• SAICA Qualified Chartered Accountant

Relevant experience:

• Minimum 1-2 years post article experience
• Strong analytical and problem-solving skills
• High level of proficiency with MS Excel, MS Outlook, MS Word, MS PowerPoint
• Strong interpersonal and communication skills
• Technically very strong in IFRS and Tax
• SAP experience advantageous

Required Skills:

• Holistic business understanding
• Project management
• Emotional Resilience
• Solution Orientation
• Technical understanding cross- functionally
• Attention to detail
• Collaborative approach
• Flexible and Adaptive to change
• Strong interpersonal skills