Job Description
About the Role
A Giant in the Retail Industry is seeking a Technical Accountant to join their team in Cape Town, where you will participate and support the Group in all activities connected to IFRS 16, IFRS 2 and other technical areas such as impairments, new accounting standards, and financial statements, implemented consistently across the Group.
Key Responsibilities
- Responsible for the IFRS 16 property accounting, both at transactional and reporting levels.
- Processing valuation transactions on SAP RE-FX for any lease administration events that require IFRS 16 accounting.
- On a monthly basis, reconciling the RE-FX IFRS 16 clearing, liability, asset accounts and income statement accounts and resolving any differences.
- On-the-job coaching and training for the lease administration team to prevent common mistakes that impact lease accounting.
- Perform/review complex IFRS 2 calculations and post-related journal entries.
- Review IFRS2 transactions before posting into SAP.
- Perform IFRS2 and treasury share reconciliations.
- Assist in reviewing bank reconciliations.
- Preparing the monthly, half yearly and yearly information required for financial reporting and loading the information on BPC.
- Assist with the preparation of Group monthly deliverables (including consolidation) as well as the month end close process and provide additional supporting analysis.
- Applying reasonability checks and analysis to monthly reconciliations for all entities.
- Providing audit deliverables and assisting with the audit process to ensure a smooth audit.
- Assisting with the monthly forecasting, budget and reporting process as a back-up role if required
- Providing support on IFRS matters, disclosure items, new accounting standards and technical account matters
- Assisting with Group projects and ensuring these have been accurately implemented as well as reported.
- Preparing impairment calculations for fixed assets and IFRS 16 right-of-use assets.
Requirements
Knowledge of SAP and SAP RE (advantage)
2-4 years post qualification and accounting experience (advantage)
Retail experience (advantage)
Excellent statutory and reporting standards and regulations knowledge (required)
CA (SA)
Qualifications
Formal education/certifications: CA (SA)
How to Apply
Click the green “Go Apply” button below to apply directly online with the employer.
About Other Finance/Accounting Jobs in Western Cape
In the Western Cape, the finance and accounting profession is a thriving industry with a strong demand for skilled professionals. Typically, the job market trends indicate a steady growth in the need for finance and accounting expertise across various sectors. This is often driven by the increasing importance of financial management, regulatory compliance, and data-driven decision-making in businesses.
When it comes to salaries, it’s common to see broad ranges varying depending on factors like experience, company size, and industry sector. Generally, entry-level positions can expect salaries ranging from R250 000 to R400 000 per annum, while senior roles may command salaries between R600 000 and R1 200 000 or more, depending on the individual’s qualifications and level of expertise.
Common skills required for finance and accounting roles in Western Cape include proficiency in financial software such as QuickBooks, Xero, or SAP; strong analytical and problem-solving skills; excellent communication and interpersonal skills; attention to detail and organisational abilities; knowledge of tax laws and regulations; and experience with budgeting and forecasting tools. Typically, a degree in commerce, accounting, or a related field is also essential.
Industry sectors commonly employing finance and accounting professionals include the financial services sector, technology industry, manufacturing sector, and corporate organisations. These roles often involve providing financial guidance, managing budgets, preparing financial reports, and ensuring compliance with regulatory requirements.
For those looking to advance their careers in finance and accounting, career development opportunities abound. Typically, experienced professionals can move into senior management positions or pursue specialisations like forensic accounting, audit, or financial planning. Others may choose to transition into related fields like business consulting, investment banking, or entrepreneurial ventures. With continuous learning and professional development, finance and accounting professionals in Western Cape can enjoy a rewarding and challenging career with opportunities for growth and advancement.
This information provides general career guidance. Actual salaries and requirements vary by employer.
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