Job Vacancies at AFA - Accounting and Financial Advisory

Job Summary:

• We are currently seeking a highly skilled and experienced Group Financial Accountant to join our esteemed finance team. The Group Financial Accountant will be responsible for managing financial reporting, consolidations, and financial analysis for the organization and its subsidiaries. The successful candidate will play a crucial role in ensuring accurate and timely financial reports and maintaining compliance with regulatory standards.

Key Responsibilities:

Financial Reporting:

•  Prepare accurate and timely consolidated financial statements for the group.
•  Ensure compliance with relevant accounting standards (e.g., IFRS) and regulatory requirements.
•  Maintain a strong control environment to safeguard financial data integrity.
•  Prepare and distribute periodic financial reports to senior management and stakeholders.

Financial Analysis:

•  Conduct detailed financial analysis, including variance analysis, trend analysis, and performance reporting.
•  Provide insights and recommendations to senior management based on financial analysis.
•  Assist in the budgeting and forecasting process by providing financial data and analysis.
•  Identify potential risks and opportunities based on financial analysis and proactively communicate them to management.

Group Consolidation:

•  Coordinate and manage the consolidation process for all subsidiaries within the group.
•  Ensure consistent application of accounting policies across the group.
•  Perform intercompany reconciliations and eliminate any discrepancies.
•  Monitor and reconcile intercompany transactions and balances.

Audit and Compliance:

•  Assist in the preparation of audit schedules and coordinate with auditors during financial audits.
•  Support the development and implementation of internal controls to ensure compliance with regulatory guidelines.
•  Stay updated on relevant accounting standards and regulatory changes affecting financial reporting obligations.
•  Contribute to the preparation and filing of statutory and regulatory reports.

Process Improvement:

•  Continuously seek opportunities to enhance financial processes, reporting efficiency, and automation.
•  Identify and implement best practices to streamline financial reporting and analysis.
•  Participate in system enhancements and implementation of new financial tools.

Qualifications and Skills:

•   CA(SA)
•  In-depth knowledge of financial accounting principles and standards (IFRS, US GAAP, etc.).
•  Strong analytical skills with the ability to interpret complex financial data and draw meaningful insights.
•  Experience in managing the consolidation process and intercompany transactions.
•  Knowledge of accounting systems and proficiency in financial software
•  Excellent attention to detail and strong organizational skills.
•  Ability to work independently, meet deadlines, and manage multiple priorities.
•  Excellent communication and interpersonal skills, with the ability to collaborate effectively across departments.
•  Strong problem-solving skills and a proactive approach to identifying process improvements.

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Job Purpose:

• The Accountant is responsible for managing financial transactions, analyzing financial data, and ensuring the accuracy and integrity of financial records. They will be responsible for preparing financial reports, monitoring financial activities, and providing financial advice and guidance to management.

Key Responsibilities:

• Prepare financial statements, including profit and loss statements, balance sheets, and cash flow statements.
• Manage and reconcile general ledger accounts, ensuring accuracy and completeness of financial data.
• Analyze financial data and identify trends, variances, and opportunities for improvement.
• Ensure compliance with financial regulations and guidelines.
• Assist in the preparation of budgets and financial forecasts.
• Monitor and reconcile bank statements, ensuring proper allocation of funds.
• Process and track accounts payable and receivable transactions, including invoicing, payments, and collections.
• Review and analyze expense reports to identify discrepancies and ensure adherence to policies.
• Provide financial advice and guidance to management, helping them make informed decisions.
• Collaborate with internal and external stakeholders to gather, analyze, and interpret financial information.
• Assist in the auditing process, including the preparation of audit schedules and supporting documentation.
• Stay updated on financial regulations, trends, and best practices.

Qualifications and Skills:

• Bachelor's degree in Accounting, Finance, or a related field. A Certified Public Accountant (CPA) qualification is desirable.
• Proven work experience as an Accountant or in a similar role.
• Strong knowledge of accounting principles, financial regulations, and reporting standards.
• Proficiency in accounting software and MS Office applications, particularly Excel.
• Excellent analytical and problem-solving skills, with the ability to interpret complex financial data.
• Attention to detail and accuracy in financial record-keeping and reporting.
• Good organizational and time management skills, with the ability to prioritize tasks and meet deadlines.
• Strong communication and interpersonal skills to effectively collaborate with stakeholders at all levels.
• Integrity and ethical conduct in handling financial information and transactions.
• Ability to work independently and as part of a team, with strong multitasking abilities.

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Job Purpose:

• The Foreign Exchange Control Manager is responsible for overseeing and ensuring compliance with foreign exchange regulations and policies. They are responsible for managing and mitigating risks associated with foreign exchange transactions and maintaining strong relationships with regulatory bodies and financial institutions.

Key Responsibilities:

Regulatory Compliance:

•  Ensure compliance with all foreign exchange regulations and guidelines, including monitoring changes in regulations and updating internal policies accordingly.
•  Develop and implement procedures and controls to ensure compliance with foreign exchange laws and regulations.
•  Maintain up-to-date knowledge of local and international laws and regulations related to foreign exchange controls.

Risk Management:

•  Assess and mitigate any potential risks associated with foreign exchange transactions.
•  Develop risk management strategies and protocols to minimize exposure to currency fluctuations and market uncertainties.
•  Regularly review and evaluate foreign exchange processes to identify areas for improvement and implement appropriate measures.

Policy Development and Implementation:

•  Develop and update foreign exchange policies in line with regulatory requirements and business needs.
•  Communicate and train employees on foreign exchange policies, procedures, and best practices.
•  Monitor adherence to policies and ensure consistent implementation across the organization.

Reporting and Documentation:

•  Prepare and submit reports to regulatory bodies as required.
•  Maintain accurate and up-to-date documentation related to foreign exchange transactions, including contracts, confirmations, and related correspondence.
•  Ensure proper record-keeping and archiving of all foreign exchange documents and files.

Relationship Management:

•  Establish and maintain strong relationships with regulatory bodies, financial institutions, and other relevant stakeholders.
•  Collaborate with internal departments, including Treasury, Finance, and Legal, to address foreign exchange control requirements.
•  Act as the main point of contact for inquiries, audits, and inspections related to foreign exchange controls.

Qualifications and Requirements:

•  Bachelor's degree in finance, Business Administration, or a related field. A Master's degree in a relevant discipline is preferred.
•  Minimum of 3 years of experience in foreign exchange controls or a similar role in a financial institution or multinational corporation.
•  In-depth knowledge of foreign exchange laws, regulations, and best practices.
•  Strong analytical and problem-solving abilities.
•  Excellent communication skills, both written and verbal.
•  Proven ability to develop and maintain effective relationships with regulatory bodies and financial institutions.
•  Attention to detail and ability to work under pressure and meet deadlines.

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Job Summary:

• As a Financial Surveillance Consultant, you will play a critical role in assessing and monitoring financial activities to ensure compliance with regulatory requirements and to identify potential risks and fraudulent activities. Your expertise will contribute to the prevention of financial crimes, protecting our clients and their business operations. The ideal candidate will possess in-depth knowledge of financial laws and regulations and demonstrate excellent analytical and investigative skills.

Responsibilities:

•  Conduct comprehensive financial surveillance and monitoring activities to identify potential risks, irregular activities, and suspicious transactions.
•  Analyze financial data to detect potential money laundering, fraud, or other financial crimes.
•  Utilize various tools and techniques to conduct investigations and inquiries into suspicious activities.
•  Collaborate with internal teams and external stakeholders to gather necessary information for investigations.
•  Prepare detailed reports outlining findings and recommendations to management and regulatory bodies.
•  Provide guidance and support to internal teams regarding financial surveillance best practices and regulatory compliance.
•  Stay updated with the latest industry trends, legal regulations, and emerging risks related to financial surveillance.
•  Perform risk assessments and develop strategies to minimize financial risk exposure.
•  Develop and deliver training programs and workshops to educate employees on financial surveillance measures.
•  Provide expert advice to clients on financial compliance matters, helping them understand and adhere to regulatory requirements.

Requirements:

•  Bachelor's degree in Finance, Accounting, or a related field. Professional certifications such as Certified Anti-Money Laundering Specialist (CAMS) or Certified Fraud Examiner (CFE) are highly preferred.
•  3 years of Cross Border Foreign Exchange Reporting System (Balance of Payments) and good knowledge of reporting requirements
•  Minimum of 3 years of experience in financial surveillance, regulatory compliance, or related fields.
•  In-depth knowledge of financial laws, regulations, and industry best practices.
•  Strong analytical and investigative skills with the ability to interpret complex financial data.
•  Proficiency in using financial surveillance and compliance tools/software.
•  Excellent communication and interpersonal skills, with the ability to collaborate effectively with diverse stakeholders.
•  Proven track record of conducting successful financial investigations and producing detailed reports.
•  Strong attention to detail and ability to work under pressure to meet deadlines.
•  Ethical and trustworthy with a commitment to maintaining the confidentiality of sensitive financial information.
•  Knowledge of international financial regulations and experience working in a global organization is a plus.

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Minimum qualifications:

• Studying towards a degree / diploma in accounting

 Desired qualifications:

• BCom (Finance, Accounts or Management) / BCom Hons

 Minimum experience:

• Has drafted annual financial statement using Drafworx or/and CaseWare Working Papers in the last 12 months.

 Desired experience:

• Has used CaseWare for a minimum of 3 years and within the last year 2 years. Completed SAIPA / SAICA articles

Reporting structure:

• Reporting to the Financial Statement Automation Manager

­­Financial Statements Preparation

• Import Trial Balances’ into Draftworx or CaseWare
• Map / Link Trial Balances’
• Create relevant lead schedules
• Insert new content (tables, text, sub-sections)
• Creating disclosure packs for client to input information
• Balance – Statement of Financial Position and Statement of Cash Flows
• Draft and Balance Consolidated Annual Financial Statements
• CaseWare - Builder mode - basic
• CaseWare - Basic Design Mode - Basic
• Draftworx – Advanced mode

Reporting and project management​​​​​​​

• Capture time and expenses timeously
• Weekly status updates to all stakeholders

Project Quality​​​​​​​

• Meet deadlines
• Ensure all drafted sets can roll forward and are modifiable
• Meets the basic Quality Assurance Checks

Productivity​​​​​​​

• Efficiency in completing all required tasks and processes to ensure that monthly revenue can be achieved.
• Ensure that time is utilized efficiently and effectively to derive value both internally and externally to the satisfaction of management.
• Meet revenue target
• Accurate, timely reporting & cost containment
• Increased profitability

Winning Business​​​​​​​

• Ability to win Clients
• Networks within the client business to develop trust and knowledge of the business

Technical competencies:

• Excellent skills on the Microsoft Office Suite
• Has in-depth experience and knowledge of Draftworx and/or CaseView and CaseWare Working papers
• Past achievements which include Improving systems or operations
• Financial Statement Reporting
• IFRS knowledge
• IT and Software Knowledge

Behavioural competencies:

• Keen Attention to detail
• Analytical
• Passion for Accounting
• Professionalism
• Ability to be flexible and Agile
• Team Player
• Report Writing skills
• Can identify and solve problems
• Display excellent communication skills and a professional image
• Organized and systematic
• Customer relationship and service skills
• Proactive and take initiative
• Ability to train employees on CaseWare
• Enjoy travelling