Accountant: Statutory Reporting at Transnet

Position Purpose

• Provide financial reporting in accordance with Transnet Group and Transnet Freight Rail business objectives, IFRS and relevant legislation by being a source of financial information for Transnet Freight Rail to Transnet Group, through systems enablement, relating to all statutory reporting requirements.

Position Outputs

• Preparation of monthly, quarterly, and annual financial reports and all financial information/disclosures included within the annual report, as well as perform variance analysis.
• Analyse new accounting standards to assess the impact and changes in the reporting requirements .
• Manage the General Ledger and alignment to Group Chart of Accounts.
• Manage the open and close of the General Ledger for accounting periods.
• Manage the Critical Financial reporting Controls (CFRC’s) within the Financial Statement Close Process (FSCP).
• Manage the process on capitalised vehicle leases in accordance to IFRS16. •Lead and manage the staff within the department.
• Address and resolve external and internal audit queries & findings relating to statutory reporting.

Qualifications and Experience

• CA (SA) qualification is required.
• At least 3-5 years’ experience in an accounting environment, with at least 1 of those years in a managerial role.
• Experience in financial reporting and treasury environment would be preferred.
• Requirement of trust and honesty in the handling of finances as per the National Credit Act Amendment 19.
• Must undergo Lifestyle Audit. Standard Job Requirements
• Driver’s license code 08
• Travel as required and approved.

Competencies

KNOWLEDGE:

• Relevant legislation and accounting standards including PFMA, Companies Act, IFRS.
• King III and corporate governance.
• Audit and assurances practices.
• Design and implementation of policies and processes.
• Statutory reporting in compliance with IFRS.
• Financial calculations.
• Understanding of SAP modules would be preferred.

SKILLS:

• Ability to meet deadlines and work under pressure.
• Result orientated.
• Time management
• Report writing.
• Planning
• Communication
• Analytical & interpretation