Group Accountant

Definition

The Group Accountant in the company coordinate, review and supervise the activities carried out by Accountants in Subsidiaries, Associates and Joint Ventures that the Group has invested in. Along with rest of the finance team this role is part of creating an efficient and effective back-office support to the Group to enable the Group to create value and wealth.

Education and Qualification Requirements

Minimum Requirements

• Matric
• Related BCom degree
• A minimum of 5 years of experience as an Accountant, with exposure to large corporate organizations or group companies.
• CA(SA) is an added advantage
• Experience in Group reporting, consolidations, and financial statements
• Strong knowledge of IFRS and statutory compliance
• Proficiency in finance systems and advanced Excel skills
• Excellent communication skills

Skills Required

• Reporting
• Creative problem-solving skills.
• Developed time management and organisational skills.
• Meticulous and diligent
• Excellent analytical and problem-solving skills
• Ability to collaborate with senior stakeholders and drive financial efficiencies
• Must be able to communicate effectively (verbally and written) with management
• Proficiency in Excel and Outlook and knowledge of MS Office
• Ability to work under pressure in order to manage and meet strict deadlines
• Performance driven and attention to detail. Must be able to deliver results in a team environment.
• Ability to work under pressure in order to manage and meet strict deadlines.
• Must be reliable and accept responsibility for the tasks assigned to them.

Key Duties / Responsibilities

Organizational placement and internal relations

The Group Accountant coordinate their task with the following colleagues on an on-going basis:

• Accountants in Subsidiaries, Associates and Joint Ventures
• Subsidiaries, Associates and Joint Ventures Management Team
• Group Finance Manager

Areas of responsibilities

The Group Accountant will have the following areas of responsibilities:

• Be the custodian of the Group’s Chart of Accounts.
• Ensure the integrity of the Group’s monthly Trial balance.
• Design and prepare Group quarterly Management Accounts.
• Preparation of Consolidated Annual Financial Statements.
• Ensure that the Group companies complies with laws and regulations.
• Preparation of the Group weekly 3 months-rolling cashflow forecasts.
• Ensuring Audit readiness of the Group.
• Coordinating the user profiles on an accounting system.

Management and scope

The following reports need to be submitted to the Group Finance Manager:

• A completed onboarding checklist for all new Subsidiaries, Associates and Joint Ventures.
• Reviewed month end checklist for each Subsidiaries, Associates and Joint Ventures in the Group.
• Monthly Group management accounts for review and sign off.
• Group quarterly management accounts for signoff before distribution to stakeholders.
• Consolidated Annual Financial Statements for review and signoff.
• Monthly compliance audit report of the group.
• Weekly 3 month rolling cashflow forecast.
• Report of access profiles given on accounting systems.

The decision-making authority is documented in the Delegation of Authority, finance policies and procedures.

External network relations

Based on your areas of responsibilities the role will interact with the following external stakeholders based on the delegation of authority:

• Group’s management team.
• Banker
• Funders
• Shareholders