Sandton: Senior Specialist Financial Assets

To ensure that the IDC’s Investments and Loans are structured in a manner that achieves compliance with International Financial Reporting Standards (IFRS), through the provision of technical insight and direction. To support the IDC’s the Strategic Business Units (SBUs) and/or Client Support Growth and Catalyst (CS G) by providing accounting technical related advice on transactions under consideration or concluded by the Company. To provide the Financial Management: Loans Management team with guidance on the implementation of complex Investments and Loans on SAP. – Function as the IFRS technical key person for the SBU and CS G teams. – Create internal IFRS checklists for the origination of Investments and Loans and Advances. – Provide guidance to the SBU and CS G teams with regards to the requirements of IFRS 13 for the valuations prepared and the required inputs to the AFS disclosure notes. – Keep abreast with the latest IFRS and GRAP technical updates. – Ensure business’s compliance with the classification of SPPI non-SPPI financial instruments and IFRS 9 related internal policies. – Review complex Mezzanine agreements and determine the appropriate IFRS 9 classification to be applied. – Review of complex restructure arrangements and advise on the appropriate accounting treatment to be applied. – Draft accounting technical memorandums or position papers on the treatment of affected transactions and Financial Statement Line Items. – Assist the FM, SBU and CS G teams with accounting technical queries. – Provide support the FM teams in the preparation of the Annual and Interim Financial Statements through guidance or assistance where necessary. – Maintenance of communication channels with the Financial Management: Loans Management team, pre-empting IFRS technical bottlenecks and resolving these in time to meet set disbursements timelines. – Participation in key meetings relating to key Loans Management transactions, including deferrals and contract restructures, and creating adequate controls, measures to ensure the accuracy of their accounting in SAP. – Attendance to Internal and External Auditor engagements and IFRS findings related to Investments and Loans and advances. – To support the Head: Financial Management with regards to any reporting value-add analysis and committee representation as may be required from time to time. – Participation in key meetings as nominated. – Participation in ad-hoc projects. – Participate in audit liaison activities as may be required. Qualified CA(SA) Further studies, such as an MCom (Accounting), will be an added advantage. At least 8-10 years’ experience in IFRS in an accounting environment, preferably financial services. At least 5-7 years post articles experience. Thorough knowledge of IFRS, GRAP (added advantage) and applicable legal and regulatory requirements (including the PFMA National Treasury regulations). Strong IFRS 9 and IFRS 13 experience required. Understanding of financial analysis and the ability to prepare management reports. Sound financial Excel Modelling Skills, Microsoft Office inclusive of Word and PowerPoint Proficient in Microsoft Excel and Word. Must be deadline-driven with attention to detail. Computer literacy (excel) is essential with an ability to work under pressure to tight deadlines. Ability to think independently/laterally and have a logical approach to problem solving. Good communication skills and a ‘hands-on’ approach is required. Ability to simplify and explain highly technical information in a simplistic manner A mature personality that is self and output driven. Ability to present and explain information for decision making at all levels Ability to combine strong analytical skills with business knowledge Proven excellence in planning and execution