Technical Accountant (CA)
| Location | Johannesburg, South Africa |
| Date Posted | October 24, 2020 |
| Category |
Accounting
|
| Job Type |
Full-time
|
| Currency | ZAR |
Description
Overall Job Purpose
Reporting to the Financial Manager: Group Finance. The technical accountant will be focussed on implementation of new IFRS’, specifically IFRS 17 ‘Insurance Contracts’. This role will have 4 key pillars: a) Design of accounting policies & procedures, b) Implementation of the design, c) Monthly & annual processing in line with the design and d) Assisting with ad hoc requests.
Duties & Responsibilities
Key Accountabilities
IFRS 17 Implementation (implementation of the design)
- Take responsibility for IFRS17 accounting & reporting design including: chart of accounts, data sources, management accounts, Annual Financial Statements, journal entries, “bridge” between IFRS4 and IFRS17
- Implementation of first time design including transition and testing
- Serve as the subject matter expert regarding IFRS17
- Build a robust process that supports the IFRS 17 Finance team
- Own the IFRS17 process, including data breakdown, analytics, and validation
- Develop a reporting framework and dashboards that provide insights regarding IFRS17 to senior management
Stakeholder management
- Establish and maintain relationships with key stakeholders including actuarial and insurance systems staff
- Monthly procedures execution in line with the design including sourcing of data, processing of journals, disclosures on management accounts & Annual Financial Statements
- Participate in IFRS17 steerco meetings
- Collaboration with external auditors
Design solutions for implementation of new International Financial Reporting Standards
- Responsible for drafting the audit committee position papers for approval of new IFRS
- Gap analysis for PPS Group
- Design and implementation of solutions to mitigate gaps
- Design of accounting policies & procedures
- Monthly & annual processing in line with the design
Solutions for technically, complex matters
- Act as the go-to person for technically complex matters in the financial control environment
- Identify opportunities for system enhancements
- Create efficient processes and manage multiple workflows with various stakeholders
- Preparation and delivery of technical updates and communication (verbal and /or written) of industry developments to relevant stakeholders, as required.
Project Management
- Perform other financial reporting tasks and projects as identified
- Assisting with ad hoc requests
Desired Experience & Qualification
Education:
- Newly qualified CA(SA)
- Proven track record of top academic results
Experience:
- Newly qualified with a very keen interest in technical accounting matters
- Experience in a reporting environment while doing articles
- Experience within an IFRS technical accounting environment - non-negotiable
- Insurance industry experience advantageous