Group Financial and Reporting
PreBless Group
Johannesburg, South Africa
1d ago
source : Executive Placements

MAIN PURPOSE OF THE JOB

To manage the Financial reporting for Group (including Group entities), provide technical accounting opinions and to project manager the statutory audit.

REPORTING TO : Head : Group Financial Reporting

MINIMUM EDUCATION & EXPERIENCE

✠CA (SA)

✠10 -7 years post articles experience in relevant banking environment in a managerial position

KEY RESULT AREAS

Managing and producing the Group Financial Statement for the banks entities

RDS AFS

✠Financial Statements must be produced on a timely basis for Annual, interims and quarterly basis

✠Ensure the accuracy of numbers to underlying sources and adequate auditable schedules support the FS

✠Review and sign off annual financial statements to ensure accuracy, completeness and confidentiality of the statements, prior to the release thereof.

✠Managing the aggregation, consolidation and reporting of results, to ensure it meets the needs of all key stakeholders (Exco, Board Members, Divisional Heads etc)

✠Ensure that adequate disclosure, accounting and reporting taking into account reporting requirements detailed with

IFRS compliance

Bank Act, Prudential authority Guidance notes and directive

JSE Listing requirements

NCR and other

✠Address and prepare written commentary on issues raised by the head of Group reporting

Prepare board packs and commentary for African Bank board meetings and Group Audit Committee meetings

Managing the financial reporting tool

Take the lead in ensuring the external reporting aligns to current industry standard and best practice

Technical Accounting

✠To provide technical accounting opinion that cover

Recognition and measurement in the underlying system and financial systems

Reporting and disclosing in the AFS

✠Provide technical accounting opinions that cover

New product implementation

Requirements within finance

Change in approach for existing products

Enhancement opportunities that improve recognition and measurement

✠Provide accounting opinions for matter raised by

Prudential Authority

JSE and other regulators if necessary

Audit Committee queries

✠The lead in implementation of new standards and assistance in practical implementation

✠Defining internal accounting policy standards

Project Management External audit Statutory and other external audit

✠Develop and lead in delivery the year end audit with

Project management of the audit

Dealing audit queries during the audit

Managing the audit engagement with Business and External audit team

✠Managing other external audit assurance review as they occur throughout the year

✠Preparing the going concern assessment

✠Defining, setting up and monitoring the group internal financial materiality

✠Undertaking valuation of group entities when required

✠Conducting Financial review of other entities within the financial service industry

✠Identifying opportunities to improve the control environment

Treating Customers Fairly and Compliance

✠Create and maintain productive relationships with internal and external clients by providing advice and assistance

✠Create understanding of the real versus perceived need through experience and expertise while complying with company policies, legislation and regulations

✠Keep the client informed about progress through written communication, telephone communications, and / or face-to-face meetings

✠Build a positive image by exceeding client expectations at all times

✠Treat internal and external customers fairly at all times

Management of Resources

✠Manage and develop subordinate(s) : Performance management in terms of contracting, reviews and poor performers, Training and development, Employee relations

✠Manage people efficiencies through leave management, headcount budget, fixed term contracts, staff movements, secondments, staff utilization

✠Take appropriate disciplinary measures as required

✠Facilitate induction of new staff within one month of joining the organization

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