Head: Financial Accounting & Reporting

Job Advert Summary

MAIN PURPOSE OF THE JOB

To provide IFRS technical accounting advisory, managerial and operational expertise in order to provide relevant and reliable information for business decision making through the design, implementation and maintenance of effective financial processes, procedures and policies. The role is also responsible for ensuring that internal financial controls are in place and are adhered to. Technical accounting advisory forms a critical part of the function of the role. Manage the Annual Financial Statements process and Audits for both the Bank and Group.

Key Performance Areas

1. Technical Accounting Advisory Services to the Land Bank Group

• Provides technical accounting advisory services for Land Bank.
• Liaises with Chief Financial Officer to determine the deliverables of the department and creates plans to achieve goals and objectives.

2. Manage Financial Controls of the Bank

• Creates the criteria for Financial Management approaches and develops, implements and enforces appropriate policies.
• Reviews, updates and enforces policies and procedures and suggests improvements.
• Oversees and is responsible for the management and adherence to policies and processes relating to financial management.
• Sign off reconciliations for accounting purposes are undertaken monthly.
• Reviews balance sheet reconciliations on a monthly basis.

3. Management of Both the External and Internal Audit Process of the Bank

• Manage and co-ordinates clearance of all internal and external audit findings in the Bank.
• Liaises with both internal and external auditors and responds to audit queries / opinions.
• Manages the co-ordination of the external Audit Process - responsible for ensuring smooth interim and year-end audits, including coordination of Client Assistance Schedules.

4. Management of Finance Operations.

Analyses the strategy and plan and creates the policies and approaches to support the plan through detailed sub-policies and processes:

• Claims - Travel - Expenditure Policies
• Manages Payroll,
• Accounts Payable and Payments,
• Travel and Events and Projects.
• Debtors Management, excluding customer collections e.g. rent collections

Ensure that systems and controls are in place to reconcile the payments, accounts payable and employee complement, as indicated by Human Resources, with the payroll run each month.

5. Manage Annual Financial Statements

• Manages the Interim and Annual Financial Statements preparation process for the group.
• Preparation of Interim and Annual Financial Statements of the Group.
• Ensures Interim and Annual Financial Statements are prepared in accordance with requisite legislation and accounting standards.
• Ensures Interim and Annual Financial Statements including coordination of Client Assistance Schedules are submitted for external audit purposes on time.

6. Risk Management & Committee Participation

• Risk Management
• Committee Matters

7. Develops and Manages the Financial Reporting and Accounting function of the Business, including people management

• Performance Management
• Capacity Planning
• Financial Management

Preferred Minimum Education and Experience

• Qualified CA (SA)
• 7 years post qualification as a CA (SA) experience in a similar role

Critical Competencies

• Extended hours as and when required

Additional Requirements

• Extended hours as and when required
• Travel as and when required