Job TitleSenior Specialist - Consolidations and Reporting
Employment TypeFull Time
Experience3 to 5 years
Job Published02 September 2021
Job Reference No.3906328409
1. Financial month-end close process and reporting activities, including:
Preparation of SAP journals, specifically consolidation entries
Preparation of HFM journals and maintain the HFM journal register
Ensuring accurate elimination of inter-company transactions and balances
Review of the inter-company teams’ elimination files, used for preparation of journals
Independent checks on the external subsidiary month end submissions compared to SAP & HFM
Perform monthly variance analysis on the financial results & analysis of subsidiary eliminations
Consolidated high level results checks & preparation of reconciliation of SAP to HFM prior to month end submission
Preparation for & leading of post month end feedback with various stakeholder 2. Preparation of accurate Balance Sheet reconciliations in line with requirements for accounts under your control and ensuring timeous clearance of reconciling and aged items.
3. Preparation of half-year- and year-end statutory pack for the South African consolidated results.
Preparation of underlying eight consolidation entities’ statutory packs
Perform checks of and follow up with various subsidiary statutory pack preparers
Review of South Africa consolidated statutory pack
4. Fulfilment of finance operational tasks including:
Review of forex revaluation check files
Providing guidance on the SAP & HFM chart of accounts
Ad-hoc resolution of queries and issues from internal and external stakeholders including internal and external auditors
Support Business Partners with new projects or improvements to be implemented
5. Keeping abreast of latest standards and ensuring alignment to the governance, SOX controls and accounting standards are adhered to. Proficiency in the accounting standards and liaison with the Finops IFRS team when necessary.
Lead consolidation discussions when considering the accounting impact of new entity acquisitions, stake changes or disposals of entities within the group
Key performance indicators:
No material audit adjustments per E&Y materiality
Month end closing sustainable WD 5, and no adjustments
No control failures noted by internal / external auditors.
Job Related Skills:
Attention to detail
Excellent/ master level knowledge of IFRS
Microsoft Office suite
SAP & HFM knowledge is essential
Experience in IFRS interpretation as well as practical application within business.
3 to 5 years’ experience in Finance within the ICT sector, specifically wrt consolidations and statutory reporting
Must have technical / professional qualifications:
B.Com Honours (Accounting)
CA(SA) highly preferable