Job Description
MAIN PURPOSE OF THE JOB:
The purpose of this job is to oversee and manage the financial consolidation process for sub-consolidations within the organization. This role plays a critical role in ensuring the accuracy and timeliness of financial reporting across the companys various entities and subsidiaries.
The successful candidate will be responsible for consolidating financial statements, eliminating intercompany transactions, and reconciling accounts to provide a comprehensive and accurate view of the organizations financial performance. Ensuring compliance with IFRS and local accounting standards (where applicable) and regulations while maintaining the integrity of financial data will be a further key purpose of this role.
ESSENTIAL FUNCTIONS & RESPONSIBILITES:
- Lead and manage the sub-consolidation process, ensuring accurate and timely financial reporting for the entire organization – This includes consolidating financial statements, intercompany eliminations, and reconciliations
- Prepare and analyse consolidated financial statements, including income statements, balance sheets, and cash flow statements
- Provide detailed financial analysis and insights to senior management and stakeholders
- Ensure compliance with accounting standards, regulations, and internal control procedures
- Continuously evaluate and improve financial reporting processes to enhance efficiency and accuracy
- Collaborate with various stakeholders, including senior executives, business unit leaders, and external auditors
- Communicate financial results, explain variances, and provide recommendations for improving financial performance
- Ability to analyse complex financial data, identify trends, and provide actionable insights
- Assist with Audit preparation
REQUIREMENTS:
- Strong technical skills
- In-depth knowledge of accounting principles, financial consolidation methodologies, and reporting standards (e.g., IFRS, US GAAP).
- Proficiency in using financial consolidation software
- Advanced Excel skills
- Analytical and strategic thinking
- Strong problem-solving skills and the ability to think strategically to support decision-making
- Language The ability to read, write, and speak fluently in English, is a must. Other languages could prove useful.
- Qualified CA(SA)
- A minimum of 8+ years of experience in finance, with a focus on group consolidations and financial reporting.
Please consider your application unsuccessful should you not receive a response within 2 weeks of applying.
About Accountant Jobs in Eastern Cape
The Eastern Cape is home to a diverse range of industries, including financial services sector, technology industry, and manufacturing sector, which often employ accountants. Typically, these roles involve providing financial management, planning, and analysis services to clients or internal stakeholders. Generally, the demand for skilled accountants remains strong in the region due to the growth of small businesses and multinational corporations operating in the area.
In terms of salary expectations, accountants in Eastern Cape can typically expect a range of R600 000 to R1 200 000 per annum, although this figure can vary greatly depending on factors such as experience, company size, and industry sector. For example, senior accountants or those working for large multinational corporations may earn higher salaries than entry-level positions or those in smaller companies. It’s also worth noting that performance-based bonuses and benefits packages can significantly impact overall remuneration.
Common skills required for accountant roles include proficiency in financial software such as Xero, Sage, or QuickBooks; strong analytical and problem-solving skills; attention to detail; excellent communication and interpersonal skills; and a solid understanding of tax laws and regulations. Typically, accountants must also possess a strong work ethic, be able to manage multiple projects simultaneously, and demonstrate adaptability in a fast-paced environment.
The financial services sector is often a common employer of accountants in Eastern Cape, as it requires skilled professionals to manage financial transactions, prepare financial statements, and ensure compliance with regulatory requirements. The technology industry also frequently hires accountants to oversee financial planning, budgeting, and forecasting, while manufacturing companies may require accountants to track inventory levels, manage costs, and optimize production processes.
In terms of career development, accountants in Eastern Cape can typically expect opportunities for advancement within their current organization or to pursue senior roles in related fields such as management accounting, forensic accounting, or auditing. Typically, professionals with experience working in industry may be more competitive in the job market than those new to the field, while continuing professional development and obtaining relevant certifications (such as CIMA or ACCA) can also enhance career prospects.
This information provides general career guidance. Actual salaries and requirements vary by employer.
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