IFRS Advisory Services Manager-2 at FirstRand Corporate Centre

Job Description

• To support stakeholders in finance and the business by providing current, technical accounting knowledge in a specialist advisory capacity which includes consulting on various technical accounting queries extending from the transactional through to reporting, which affect the Hyperion Financial Reporting Packs (HFM ) and the annual financial statements of the Group.

Hello future IFRS Advisory Services Manager!

• FirstRand believes that its people are its single most important resource and will not operate in a sector unless it has people who are right for that market and who share FirstRand’s business values. We recruit self-starters who have a passion for what they do. We empower them, hold them accountable and reward them appropriately. We value diversity in our people, particularly for the way that this contributes to innovative thinking. If you think you will flourish in our environment, and you believe you have the necessary skills and competencies for the position advertised, then we are looking for you!

Role Purpose

• To support stakeholders in finance and the business by providing current, technical accounting knowledge in a specialist advisory capacity which includes consulting on various technical accounting queries extending from the transactional through to reporting, which affect the Hyperion Financial Reporting Packs (HFM ) and the annual financial statements of the Group.

Are you someone who can:

• Build relationships that allow for the managing of expectations; the sharing of knowledge and diverse insights; and the creation of buy-in across the IFRS technical and finance community
• Engage in cross-functional relationships to obtain and to provide IFRS technical support
• Interpret, communicate, and advise on accounting standards and disclosures throughout the Group to ensure consistency of application and reporting standards
• Support and perform functions in the preparation for adoption and implementation of new accounting standards and updated guidance, where applicable.
• Supporting the Co-Heads and Team Leads with the integration of technical accounting project outcomes (i.e., policies and frameworks) into business as usual, for reportting processes and systems (where applicable)
• Prepare reports to the Audit Committee, submitted for review to the Co-Heads/Leads
• Participate in and prepare comment letters to the IASB on a timely basis
• Develop and maintain IFRS technical accounting group policies by staying up to date with developments in both the local industry and IFRS through internal research and involvement on local topic teams and market interest
• Assist with the maintenance of the accounting issues log and ensure appropriate documented conclusions regarding key accounting judgement areas
• Prepare and present accounting technical updates and industry developments to finance teams
• Work with the Co-Head and Leads to integrate policies into the reporting processes and systems
• Review interim and annual financial statements to ensure that disclosures are in accordance with accounting standards, JSE Listing and Companies Act requirements
• Manage and coach behaviour within the team that build rewarding relationships, encourage innovations, and encourages and allow others to provide exceptional customer service
• Build relationships that allow for the managing of expectations; the sharing of knowledge and diverse insights; and the creation of buy-in across the IFRS technical and finance community
• Gather relevant information (contracts, communications with business) to advise on appropriate accounting treatment in relation to the accounting transaction or query by undertaking accounting research and the preparation of technical accounting memos
• Identify interconnected problems, determine its impact and use to develop best fit alternatives, driving best practice solutions.
• Actively participate in the group's preparation of financial statements including footnote preparation, support of disclosures, research for presentations etc
• Review reporting schedules prepared by the group at interim and year end, relating to technical disclosure schedules, as well as new schedules in the first year of adoption of new accounting standards.

You will be an ideal candidate if you:

• CA(SA) or equivalent
• Have prior banking experience / Financial Services Audit preferable.
• Have experience working both independently and in a team-oriented, collaborative environment is essential.
• Have advanced experience in the use of Microsoft Excel and Pivots.

You will have access to:

• Challenging work in a complex and exciting environment
• Opportunities to innovate and create efficiencies.
• Opportunity to engage with Group Accounting functions and depending on your career ambitions, craft yourself a niche career path in a specialized area of finance.

We can be a match if you are:

• Curious & courageous - you're driven by always wanting to know more and learn more and you're brave enough to
• Obsessed with mastery - you know what it takes to become good at what you do and are constantly pushing yourself to do it.