Job Description
An exciting opportunity exists in the Group’s finance team based in Cape Town, South Africa, for a dynamic, energetic and experienced qualified CA (SA) to head up the Group’s technical accounting function, in addition to a number of operational areas and strategic projects. It offers the successful applicant an opportunity to become part of a dynamic team in a fast-paced retail environment that fosters a culture of innovation, collaboration, personal development and excellence.
Key Responsibilities
- Technical accounting
- Assume responsibility for all technical accounting matters, including the implementation and oversight of new accounting standards.
- Member of the Group accounting forum, which is responsible for overseeing the accounting treatment, processes and preparation of financial statements of the Group and subsidiary companies.
- Oversee the preparation and review of the Group and subsidiary company annual financial statements, ensuring best-in-class financial reporting, IFRS compliance and technical accuracy within a tight reporting timetable. This includes the preparation of accounting policies, disclosure frameworks, selected note disclosure and facilitating the external audit review.
- Facilitate the technical review by external auditors of the Group and subsidiary company annual financial statements.
- Responsible for maintaining the financial reporting control framework for purposes of the CEO/CFO attestation as required in terms of the JSE Listings requirements.
- Share schemes
- Responsible for all share scheme and related accounting, including reconciliations.
- Prepare share scheme disclosure for Group and subsidiary company annual financial statements.
- Prepare share scheme workings and reconciliation for the Group tax team to facilitate income tax calculations and returns.
- Maintain the data in the accounting package used for share-based payment accounting, including the reconciliation to the share scheme system.
- Assist with the preparation and review of the calculation of diluted number of shares in issue.
- Accounting for the Group’s share scheme trust.
- Funding
- Participate in funding negotiations and review of funding agreements.
- Monitor covenant compliance and report back to lenders.
- Report to board and investment committee on covenant compliance and funding costs.
- Review all related reconciliations.
- Merchandise imports
- Oversee the finance imports (shipping) function and provide guidance and support to the team.
- Review all journals, reconciliations and monthly profit & loss/trading reports.
- Check and approve import clearing agent invoices and payments.
- Report to investment committee on foreign exchange exposures.
- Report to tax forum on import VAT and duty compliance.
- Merchandise accounts payable
- Oversee the merchandise accounts payable function and provide guidance and support to the teams.
- Review all reconciliations and ad hoc transactions.
- Sundry debtors
- Oversee sundry debtors team and provide guidance and support to the team.
- Review all journals and reconciliations.
- Responsible for monitoring and reporting on all sundry loans/advances to suppliers and the Group’s supplier development fund.
- Ad hoc/strategic projects
- Participate in and support the delivery of ad hoc and strategic projects that support the Group’s strategic objectives.
Qualifications and Experience
• CA (SA)
• Currently the candidate should at least be at a Finance Manager level in a public listed company of a similar size, and ideally within retail or similar sector.
• Extensive experience (at least 10 years post articles or more) and successful track record of working in a complex financial environment, at this level.
• Highly numerate with a professional understanding of technical accounting standards, financial statements and reporting, and financial controls.
• Experience in credit retail would be an advantage.
Competencies
• High level of energy, drive and pace associated with working in a highly dynamic and fast-paced fashion environment.
• Good interpersonal, communication and organisational skills.
• High attention to detail.
• The ability to work under pressure and to strict deadlines.
• Resilient, tenacious and assertive.
• Good analytical and problem solving skills.
• Exceptional technical skills.
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