Specialist: Annual Financial Statements (AFS) x2 - Fixed Term Contract (18 Months) at South African Bureau of Standards (SABS)

Purpose Statement

• Responsible for preparation of annual financial statements, accounting entries and providing technical accounting support for the production of annual financial statements, and audit management requirements

Qualifications

• B Comm (Hons) with 3 years’ post articles (SAICA signed off) experience (NQF Level 8)
• 7 years post SAICA signed off articles will be an added advantage
• CA (SA) will be an added advantage

Experience

• Experience with Draftworx, full IFRS annual financial statements preparation will be an added advantage
• Proven track record of preparing IFRS, PFMA and Companies Act compliant annual financial statements using Draftworx or Caseware
• Extensive knowledge of IFRS, PFMA, Companies Act and other public sector legislation
• Ability to operate in a highly pressurised environment, with a quick turnaround times
• Ability to deal with complex matters and provide integrated solutions

Duties and Responsibilities    
Roles and Responsibilities

• Provide 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
• Analyse complex accounting issues, transactions, and contracts to determine the appropriate IFRS treatment
• Preparation of IFRS 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 in the organisation
• 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
• Assist with validation and data integrity checks for financial data, including data integrated from operations systems
• Preparations / review of journals
• Preparations / review of bulk upload files to the financial systems
• Ensure accurate reconciliation and review of balance sheets and account balances
• Review fixed asset registers, corrections, and capitalisation in line with IFRS and SARS regulations
• Ensure compliance with asset classification, depreciation, and tax requirements
• Monitor Capital Work in Progress to align with financial and regulatory standards
• Provide technical expertise and guidance on complex accounting issues and assumptions and ensure 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.

Deadline:7th August,2025