IFRS Specialist (6 Months Fixed Term Contract) - Pretoria at South African Bureau of Standards (SABS)

Purpose Statement

• To provide finance reporting team with technical accounting support.

Minimum Requirements    

• CA (SA) or ACCA with at least 5 years’ post articles experience;
• Proven track record of preparing IFRS, PFMA and Companies Act compliant annual financial statements;
• Extensive knowledge of IFRS; PFMA; Companies Act and other public sector legislation;
• Previous work experience with the AGSA would be an added advantage;
• Ability to operate in a highly pressurised environment, with quick turnaround times;
• Ability to deal with complex matters and provide integrated solutions;
• Experience with CaseWare or Draftworx full IFRS annual financial statements preparation application

Duties and Responsibilities    

• Provide Finance Reporting team with technical accounting support during preparation and execution of the year-end audit.
• Production of fully compliant group and subsidiary financial statements, in line with relevant frameworks and legislation within prescribed     timelines.
• Play key role in financial statement production process, through identification and drafting of new disclosure requirements, documentation     of  required accounting policies.
• Technical guidance and application of the latest developments, changes, and interpretations of IFRS standards for SABS Group.
• Assessment and implication testing of the latest developments, changes, and interpretations of IFRS standards for SABS Group.
• Analyze complex accounting issues, transactions, and contracts to determine the appropriate IFRS treatment.
• Preparation of IFRS and PFMA compliant financial statements on Draftworx.
• Provide technical advice and guidance to finance teams, ensuring the accurate application of IFRS standards in financial statements and   related disclosures.
• Conduct research on emerging accounting and reporting issues and perform in-depth analysis to determine their impact on financial     reporting.
• Stay informed about industry best practices and assess their relevance to the organization.
• Ensure accounting policies forming part of the annual financial statements aligns with IFRS standards.
• Collaborate with cross-functional teams, including internal auditors, financial statements review consultants, tax experts, and legal counsel, to address complex accounting issues and ensure alignment with IFRS principles.
• Technical support and review of the computation of income and deferred taxation in line with South African Tax Laws and IFRS.
• Liaise with external auditors during the audit process and provide necessary support on IFRS application and treatment during the audit of        financial statements.
• Amend annual financial statement to include recommendations from auditors, that are signed off for correction by the Head: Financial       Reporting.
• Ensure that financial statements and disclosures are in compliance with IFRS standards, ensuring all assertions are addressed.                         
• Provide technical expertise and guidance on complex accounting issues and assumptions and ensuring consistent application from the   previously audited financial year.
• Resolve general accounting and operational issues and disputes, escalating as required or coordinating with various business units.