To lead the financial accounting function and ensure the integrity, accuracy and quality of financial accounting, reporting and statutory compliance activities in accordance with applicable accounting standards, treasury regulations and legislation. This position reports to the Senior Manager Finance.
Preparation of Interim and Year-end Financial Statements
Prepare the accruals and provisions schedules for review to ensure that no accruals and provisions are missed at Interim and year-end.
Prepare the financial summary section of the annual report.
Prepare technical accounting papers or position papers for new transactions and application of GRAP standards to new transactions for review.
Prepare qualitative disclosure notes to the AFS per GRAP and ensure Interim and year-end reconciliations are performed for review.
Request information from other departments (Projects, Legal, HR and Business Development) to ensure that relevant information is incorporated into the financial statements and is available for the auditors.
Review the year-end schedule.
Prepare calculations where necessary for the population of the Notes for review.
Prepare non-standard journals for all projects for year-end review.
Analyse the impact of changes of GRAP on TCTA.
Audit Requests
Provide information to the AG/ Internal audit within timelines.
Consolidate the various reconciliations and other supporting documents to accompany the Interim and AFS submission.
Prepare and plan for financial accounting organisational and legislative deadlines.
Implement action plans, within scope, to address reported internal and external audit findings.
Financial Accounting
Review revenue invoices to ensure accuracy and completeness.
Engage DWS on revenue-related queries including follow-up on outstanding information from the department, and escalation of the late payment of invoices.
Timeously escalate overdue to ensure that the peer-to-peer communication with the Department continues.
Review the reconciliation register to ensure that all major accounts are reconciled monthly.
Review the monthly standards journals and any corrections/reallocations due to the reconciliation process.
Prepare planning document for the review of all procedures, system descriptions within FA team space, for approval.
Review and update existing financial accounting (FA) policies and procedures to ensure accurate reflection of processes and where necessary, develop new FA policies and procedures.
Budgeting
Compile the OCFO budget, within scope, for review.
Prepare the Revenue / Expenditure / Capital Project budgets for three years as part of the annual budget process for the organisation.
Compile, within scope, budget models, budget in AFS format and ENE/MTEF templates for the organisation
People Management
Provide effective and efficient management of financial accounting function, in line with the applicable TCTA policies, procedures and practices.
Provide support and training within the team.
Compliance Management
Ensure that the operations of the function are compliant with the applicable legislation and internal frameworks
Monitor compliance with applicable financial legislation, regulations, policies and frameworks, including PFMA, Treasury Regulations, GRAP standards and internal governance requirements.
Review and implement changes arising from new or amended legislation, accounting standards and regulatory requirements.
Provide oversight for technical matters regarding all transactions within the team to ensure compliance and accuracy.
Adress any ad-hoc request from the Senior Manager.
Requirements
Minimum Qualification Required
BCom in Accounting, Financial Accounting or an equivalent recognised accounting qualification.
SAICA/SAIPA registration is preferable.
Minimum Experience Required
5 years post article experience as an Accountant, of which 3 years relates to the management of subordinates.
Must have completed signed-off articles.
Financial Services experience preferable.
GRAP/IFRS exposure is essential.
Understanding of PFMA environment and related legislation is preferable.