IFRS Advisory Services Team Lead-3
Location: Johannesburg
Time Type: Full Time
Posted On: Posted Yesterday
Time Left to Apply: End Date: November 13, 2024 (3 days left to apply)
Job Requisition ID: R23772
Job Description
To manage the daily operations of the Group Advisory Services (Group Technical Accounting Advisory) function, and to support stakeholders in finance and the business by providing current, technical accounting knowledge in a specialist advisory capacity, which includes consulting on various technical accounting queries extending from the transactional through to reporting, which affect the Financial Reporting systems and packs and the annual financial statements of the Group.
- Build relationships that allow for the managing of expectations; the sharing of knowledge and diverse insights; and the creation of buy-in across the IFRS technical and finance community.
- Interpret, communicate, and advise on accounting standards and disclosures throughout the Group to ensure consistency of application and reporting standards.
- Perform functions in the preparation for adoption and implementation of new accounting standards and updated guidance, where applicable.
- Support the Co-Heads with the integration of technical accounting project outcomes (i.e., policies and frameworks) into business as usual, for reporting processes and systems (where applicable).
- Liase with external auditors, where necessary.
- Review and finalise drafted reports to the Audit Committee.
- Lead the co-ordination and preparation of comment letters to the IASB on a timely basis.
- Create, implement and maintain IFRS technical accounting group policies by staying up to date with developments in both the local industry and IFRS through internal research and involvement on local topic teams and market interest.
- Review and maintain accounting issues log and ensure appropriate documented conclusions regarding key accounting judgement areas.
- Prepare and present accounting technical updates and industry developments to finance teams.
- Work with the Co-Head and other team members to integrate policies into the reporting processes and systems.
- Review interim and annual financial statements to ensure that disclosures are in accordance with accounting standards, JSE Listing and Companies Act requirements.
- Manage performance of team in area of responsibility against expected individual and team delivery targets.
- Manage the allocation of work between team members.
- Manage performance moderation, disciplinary action, recognition and retention processes in line with HR policies and procedures.
- Ensure clear contracting and assessment of performance expectations in line with identified objectives and enable a learning and growth culture.
- Provide direction, coaching, and regular feedback to employees to improve performance and implement performance improvement initiatives. Manage and coach behaviour within the team that builds rewarding relationships, encourages innovations, and allows others to provide exceptional customer service.
- Ensure relevant resolution of conflict and respond to any complaint or concern.
- Build and sustain collaborative working relationships with relevant peers and stakeholders to achieve productivity synergies.
- Participate in specialist communities of practice and contribute positively to own and organisational knowledge improvement.
- Gather relevant information (contracts, communications with business) to advise on appropriate accounting treatment in relation to the accounting transaction or query by undertaking accounting research and the preparation of technical accounting memos.
- Identify interconnected problems, determine its impact and use to develop best fit alternatives, driving best practice solutions.
- Review, and where necessary, participate in the Group's preparation of financial statements including footnote preparation, support of disclosures, research for presentations etc.
- Review reporting schedules prepared by the group at interim and year end, relating to technical disclosure schedules, as well as new schedules in the first year of adoption of new accounting standards.
- Provide thought leadership and expertise to the Co-Heads of IFRS Advisory Service.
- Engage in accounting research and preparation of technical accounting memos.
- Review of technical accounting memos drafted by IFRS Advisory Services Managers and other Leads.
- Assist with the preparation and presentation of accounting updates and training on IFRS.
Job Details
Take note that applications will not be accepted on the below date and onwards, kindly submit applications ahead of the closing date indicated below.
Closing Date: 13/11/24
All appointments will be made in line with FirstRand Group’s Employment Equity plan. The Bank supports the recruitment and advancement of individuals with disabilities. In order for us to fulfill this purpose, candidates can disclose their disability information on a voluntary basis. The Bank will keep this information confidential unless we are required by law to disclose this information to other parties.
About Us
The FirstRand Corporate Centre (FCC) houses many of the critical functions required by a large and complex financial services group. FCC’s stakeholders are both external, such as regulators, shareholders, global developmental institutions and government; and internal, mainly the businesses that service the group’s customers. These critical functions cover risk, compliance, governance, internal audit, treasury, finance and tax amongst many others. They require deep specialist and technical skills and ultimately represent the custodianship of the FirstRand group’s licence to operate.
FCC employees develop a unique perspective of the group because nowhere else can you own or be part of a mandate that operates across the portfolio. This allows for both big picture thinking and operational learning. It is also a great place to drive collaboration and a place to have a significant impact.
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