Senior Specialist Financial Assets

SUMMARY:
To ensure that the client’s Investments and Loans are structured in a manner that achieves compliance with International Financial Reporting Standards (IFRS), through the provision of technical insight and direction.

POSITION INFO:

JOB PURPOSE

• To ensure that the client’s Investments and Loans are structured in a manner that achieves compliance with International Financial Reporting Standards (IFRS), through the provision of technical insight and direction.
• To support the client’s the Strategic Business Units (SBUs) and/or Client Support Growth and Catalyst (CS &G) by providing accounting technical related advice on transactions under consideration or concluded by the Company.
• To provide the Financial Management: Loans Management team with guidance on the implementation of complex Investments and Loans on SAP.

KEY RESPONSIBILITIES (but not limited to)

• Function as the IFRS technical key person for the SBU and CS &G teams.
• Create internal IFRS checklists for the origination of Investments and Loans and Advances.
• Provide guidance to the SBU and CS &G teams with regards to the requirements of IFRS 13 for the valuations prepared and the required inputs to the AFS disclosure notes.
• Keep abreast with the latest IFRS and GRAP technical updates.
• Ensure business’s compliance with the classification of SPPI & non-SPPI financial instruments and IFRS 9 related internal policies.
• Review complex Mezzanine agreements and determine the appropriate IFRS 9 classification to be applied.
• Review of complex restructure arrangements and advise on the appropriate accounting treatment to be applied.
• Draft accounting technical memorandums or position papers on the treatment of affected transactions and Financial Statement Line Items.
• Assist the FM, SBU and CS &G teams with accounting technical queries.
• Provide support the FM teams in the preparation of the Annual and Interim Financial Statements through guidance or assistance where necessary.
• Maintenance of communication channels with the Financial Management: Loans Management team, pre-empting IFRS technical bottlenecks and resolving these in time to meet set disbursements timelines.
• Participation in key meetings relating to key Loans Management transactions, including deferrals and contract restructures, and creating adequate controls, measures to ensure the accuracy of their accounting in SAP.
• Attendance to Internal and External Auditor engagements and IFRS findings related to Investments and Loans and advances.
• To support the Head: Financial Management with regards to any reporting value-add analysis and committee representation as may be required from time to time.
• Participation in key meetings as nominated to.
• Participation in ad-hoc projects.
• Participate in audit liaison activities as may be required.

QUALIFICATIONS (Formal qualifications)

• CA(SA).
• Further studies, such as an MCom (Accounting), will be an added advantage.

EXPERIENCE: (knowledge, length of experience and skills required to perform the job competently)

• At least 8-10 years’ experience in IFRS in an accounting environment, preferably financial services. At least 5-7 years post articles experience.
• Thorough knowledge of IFRS, GRAP (added advantage) and applicable legal and regulatory requirements (including the PFMA & National Treasury regulations).
• Strong IFRS 9 and IFRS 13 experience required.
• Understanding of financial analysis and the ability to prepare management reports.
• Sound financial Excel Modelling Skills, Microsoft Office inclusive of Word and PowerPoint
• Proficient in Microsoft Excel and Word.
• Must be deadline-driven with attention to detail.
• Computer literacy (excel) is essential with an ability to work under pressure to tight deadlines.
• Ability to think independently/laterally and have a logical approach to problem solving.
• Good communication skills and a ‘hands-on’ approach is required.
• Ability to simplify and explain highly technical information in a simplistic manner
• A mature personality that is self and output driven.
• Ability to present and explain information for decision making at all levels
• Ability to combine strong analytical skills with business knowledge
• Proven excellence in planning and execution

LEADERSHIP COMPETENCIES

• Leading & Supervising
• Resilience
• Decisiveness in Execution
• Team work
• Communication and Engagement
• Diverse Stakeholder Management
• Strategic Thinking
• Business Mindset
• Influence

TECHNICAL/FUNCTIONAL COMPETENCIES

• Business Acumen
• Report writing Skills
• Project Management Skills
• Strong Analytical Skills
• Attention to detail

BEHAVIOURAL COMPETENCIES

• Deadline driven
• Interpersonal Skills
• Coping with Pressures and Setbacks
• Conflict resolution skills
• Negotiating and influencing
• Presentation Skills
• Decision Making Skills

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