City of Johannesburg, Gauteng, South Africa
• Currently in the process of implementing OneStream from old consolidation system • Prepare financial reports by collecting, analysing, and summarizing account information and trends for key stakeholders • Prepare all deliverables for the Discovery Group team • Ensure compliance with regulations, standards and best practices that would be applicable to finances of the business, which includes compliance with accounting standards and group accounting policies. • Design, implement and monitor in internal controls to protect the assets of the business, promote transparent and accurate business information and prevents losses and surprises. • Actively participate in strategic discussion ensuring that funding and finance activities are aligned with the business strategy and objectives. • Work with the finance team and other business heads to support the business. • Handle-day to-day accounting duties and provide monthly financial reports. • Prepare the US GAAP Financial Statements.
•Added responsibility of managing an accountant
• Successfully implemented IFRS 16 in the current year for a business that has over 3,000 leases. • Managed the external audit in the current year without the Group Financial Manager. Collated all information from the divisions for the financial statements, and updated all disclosures to include IFRS 16, IFRS 9, Hyperinflation and Covid disclosures which were all new requirements in the current year. • Reporting of monthly management accounts to the Group Financial Manager and the CFO • Assisting with IT system implementations across the group • Finalising trial balances for year-end reporting, and liaising with auditors • Reviewed and prepared monthly consolidation schedules • Prepared and reviewed quarterly board and audit committee schedules for the CFO • Performed the income tax calculation for the group at a consolidation level • Involved with resolving technical issues at division and group level • Performed a head office and division expense variance analysis on a monthly basis by comparing to budget and forecast • Performed budgets, forecasts, monthly management reports and flash results • Involvement in ad-hoc projects for head office- mergers, acquisitions and disposals • Prepared cash management report and other reports (e.g. reserve bank, Stats SA, shareholder reporting) for Group Financial Manager
For the 3 months I have been working as a Group Financial Accountant at Sizwe Africa IT Group, where I report directly to the Group Financial Director. I am responsible for reporting on a group level, which entails the preparation and review of IFRS compliant Financial Statements as well as reviewing and implementation of finance processes. Sizwe Africa IT Group consists of 14 companies which have a footprint throughout South Africa. Mustek Ltd, listed on the JSE, holds a 40% interest in the group. The key objective of my position is to provide support from a group perspective in managing the accounting functions of the companies and to ensure that all financial transactions were recorded and presented correctly in the separate and consolidated annual financial statements. Skills and Focus Areas: • Provide direction and instruction of accounting treatment and finance admin functions • Review of Subsidiary Annual Financial Statements (in compliance with IFRS) • Review of monthly Management Packs • Financial Analysis – Financial ratios, Financial trends/Budget vs. Actual • Review analysis of expenses for tax purposes • Liaison with auditors in Annual Audit • Processing and Review of Journal Entries
Responsibilities: Help prepare recons for the external audit Prepare the movement schedule for the Fixed Asset and assess the depreciation and Wear and Tear calculations are correctly calculated Assess the Lease smoothing calculations and agree to the lease contracts Analysed the Electricity, Water and Telephone accounts to help decrease costs This job has improved my excel skills. It has also shown me what needs to be done in preparation for the external audit. I have also learnt how to use Syspro.
Responsibilities: • Involvement in entire audit process from planning to reporting and archiving of complete audit files • Coaching and monitoring the work of junior staff members over the course of the audit. • Managed audit teams of up to 12 trainees • Reviewing of audit work completed by junior staff members • Reporting directly to the audit manager and partner regarding the progress of the audit work, including any matters that have arisen during the audit • Facilitating communication between management and client • Building client relationships • Monitoring expectations • Risk identification and performance of audit procedures • Designing audit procedures to address identified risks • Audit of complex account balances in accordance with International Accounting Standards • Review of financial statements Key clients include Kumba Iron Ore,EuroSteel and Monsanto