Senior Accountant: Financial Reporting( IFRS17) at Old Mutual South Africa

Job Description

• Review relevant transactions and reconciliations to ensure it is recorded in line with IFRS and accurately reflected in the financial records of the company.
• Assist with the implementation of new IFRS standards (i.e., IFRS 17)
• Provide technical guidance on application of IFRS 17
• Develop and Finalize IFRS17 Financial statements and reports
• Liaise with internal & external Stakeholders to provide assurance on IFRS 17

Responsible to ensure that the integrity of the financial information on a monthly basis is accurate, complete and is in terms of IFRS principles.

• To review financial transactions on the accounting system before final posting to ensure that all transactions are processed accurately in terms of sources systems.
• To apply the basic accounting principles, knowledge, and techniques to analyse variances, assist in production of journals, and perform routine accounting activities.
• To perform accounting computations and calculations accurately, and try to identify if there are discrepancies, and if there are any errors, try to resolve them.
• Prepare or collate reconciliations for each balance sheet line item using external verification.
• Prepare or collate reconciliations for key income statement accounts.
• Recommends financial actions by analysing accounting options.
• Substantiates financial transactions by auditing documents.
• Maintains accounting controls by preparing and recommending policies and procedures.
• Reconciles financial discrepancies by collecting and analysing account information from source system
• Prepare, examine, and analyse accounting records, financial statements, and other financial reports to assess accuracy, completeness, and conformance to reporting and procedural standards.
• Develop work routines in line with operational plans / schedules in order to ensure deliverables are met on time.
• Analyse segment results and obtain appropriate commentary.
• Prepare internal reporting for the relevant segments and executive team as well as any group reporting requirements.
• Review outcome of the costing model and ensure accurate and complete and in line with the costing principles.
• Assisting with preparing Annual Financial Statements for smaller entities.

Minimum Requirements

• Relevant Bachelor degree and/or equivalent (essential)
• Articles preferable
• 5-8 years’ experience in a Financial accountant role

Closing Date

17 March 2023