Superintendent Financial Reporting

SUMMARY:
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POSITION INFO:

A successfull Mining Company in Gauteng is searching for a suitable candidate to fill the position of Superintendent Financial Reporting.

Minimum Required Qualification:

• Have NQF 8 (Post graduate Diploma / Honours Degree/ Professional Qualification Degree) in Accounting.
• Be a Qualified Chartered Accountant (CA)

The Appointee should:

• Be registered with The South African Institute of Chartered Accountants (SAICA) as a Chartered Accountant (CA)
• Have at least 2 years’ post-articles experience in a related role.
• Experienced in preparing and analysing financial models (discounted cash flows), purchase price allocations in a business combination, researching, problem solving, solution orientated, analysing and resolving technical accounting issues and preparing/ reviewing financial statements in accordance with IFRS Accounting Standards
• Have large, listed entity experience.
• Be medically fit to work in the specific business area.
• Have a clear security screening record.
• Have a clear credit record.
• Have a valid driver’s license (if applicable).

Advantageous Qualifications:

• Experience in the mining sector

Additional Requirements:

• Ability to work under pressure within tight deadlines, longer hours from time to time as required during peak reporting periods.
• A drive to automate and improve processes by using the latest technology
• Good IFRS Accounting Standards knowledge
• Computer skills (MS Office, specifically MS Excel).
• Possesses a good understanding of consolidation accounting and the technical aspects of a consolidation (NCI, eliminations, business combinations, equity accounted investees, etc.).
• Competent in the preparation of subsidiary financial statements.
• Ability to assist with the selection, implementation, design and testing of a new consolidation system
• Understanding of accounting requirements relating to complex transactions, such as business combinations, black economic empowerment and group restructurings would be beneficial.
• Knowledge of the JSE/ Companies Act would be beneficial.
• Ability to apply IFRS Accounting Standards in a mining environment would be beneficial.
• Experience with requirements to operate in a SOX compliant environment.

Key Responsibilities:

• Calculating environmental rehabilitation obligations under IFRS Accounting Standards (discounted cash flow calculations on gross closure costs provided by relevant experts)
• Assist with reviewing life of mine models and performing discounted cash flow calculations to assess impairment under IFRS Accounting Standards.
• Assist with preparing weighted average cost of capital calculations.
• Preparing ad-hoc financial models and/ or calculations relating to new or existing transactions (for example, amortisation schedules, discounted cash flow calculations, other general IFRS-related calculations).
• Researching and documenting economic indicators (prices, discount rates, inflation, exchange rates etc) where required for models/ calculations.
• Preparing selected PM consolidation packs with supporting workings on a monthly and quarterly basis.
• Reviewing the accuracy of PM packs prior to loading on the consolidation system monthly. This includes resolving issues in the packs and guiding operations on how these should be corrected.
• Preparing monthly consolidation journals.
• Performing monthly consolidation checks.
• Preparing selected subsidiary financial statements, applying the latest accounting standards and accounting policies adopted by the Group.
• Assist with preparing of the PM consolidation packs for the budget and review of budget packs received prior to loading on the consolidation system.
• Preparation of monthly consolidated segment reports, All – in - sustaining cost calculations etc.
• Preparing at purchase price acquisition packs.
• Review of GL account mappings of newly acquired entities.
• Liaison with external auditors, provide supporting information and resolve any queries raised.
• Assisting with preparing technical IFRS Accounting Standards guidance to communicate to operations finance teams.
• Preparing technical accounting memorandums on significant and unusual transactions.
• Preparing cash flow statements under IFRS Accounting Standards.