Financial Accountant

Join to apply for the Financial Accountant role at Richemont Join to apply for the Financial Accountant role at Richemont Get AI-powered advice on this job and more exclusive features. RLG Africa maisons encompass several of the most prestigious names in the luxury industry including Cartier, Piaget, Vacheron Constantin, Jaeger-LeCoultre, IWC, Panerai and Montblanc.WORK ENVIRONMENT & CULTURERichemont is offering you a great opportunity to work in a reputable and professional leading Company in the Luxury Industry.Become part of a Creative, Ambitious & Diverse team to propel your career development within our organization.Richemont is a Switzerland-based luxury goods holding company founded in 1988. It is a family-spirited Group, enabling its Maisons and businesses to grow while staying true to their heritage and owns several of the world’s leading companies in the field of luxury goods, with particular strengths in jewellery, luxury watches and writing instruments.At Richemont, our true power does not lie in our similarities but in the rich diversity of our arts, cultures, and human skills, as well as our specific ability to foster untapped potential. Joining us will positively push the boundaries of your career.MAIN PURPOSEDutiesAs a part of the FC&R General Ledger team, the Financial Accountant is responsible for ensuring the accuracy and compliance of financial data in accordance with international accounting standards and Richemont policies. A key focus of the role is analysing and interpreting financial information in conjunction with Richemont Functions and Maisons to support the performance and position of the company. The Financial Accountant will support the monthly closing process across multiple areas as part of a collaborative team and work to continually improve the efficiency of processes and practices. The overview duties of the position include:Ensuring financial information is accurate and complies with IFRS, South African regulatory standards and Richemont’s financial policies and procedures. Conducting reviews of general ledger accounts to verify the accuracy of financial information, providing assurance that the accounting practices adhere to regulations, and perform general ledger account reconciliations. Posting general ledger entries that have been reviewed and verified and include supporting information. Entering financial data into general ledger accounts on a monthly basis, and preparing reports that support the decision-making processes of Maisons and Functions. Continually reviewing processes and procedures to identify improvements and advances that increase processing efficiency and the controls in place to minimize risk. Key ResponsibilitiesGeneral LedgerWork closely with Maisons and Functions to gather, analyses and interpret financial information and where appropriate provide insights that aid Maisons and Functions decision making. Analyze general ledger accounts, calculate accruals in compliance with IFRS and Richemont’s financial policies and procedures, ensuring all entries are booked withing the target dates for reporting. Update, review and reconcile general ledger accounts in accordance with Richemont’s Balance Sheet Schedule, identifying and investigating variances and outstanding items. Prepare and post entries for prepayments, and accruals working closely with Maisons and the Financial Planning and Analysis team to ensure information is accurate and up to date. Support the sales interface, reconciliation and adjustments as per IFRS and Richemont’s financial policies and procedures ensuring that adjustments include supporting documentation. Review, check and support the daily interface of wholesale and retail sales in SAP and coordinate with the respective Teams for an issues. Keep detailed records and supporting documents for all entries, properly filed in the Finance document storage system. Perform vendor statement of accounts reconciliation as required in conjunction with the AP Controller. Review open purchase orders and invoices awaiting approval and work closely with the Accounts Payable and Procurement Team to resolve aged items. Prepare bank reconciliation schedules, identify and investigate variances for correcting. Run depreciation and create fixed assets reports monthly including the CAPEX Management Report. Lease Accounting and ReportingMaintain and update lease agreements, working closing with the Richemont Real Estates function to ensure SAP data is correct and in line with IFRS 16 standard Perform monthly valuation run and post related adjusting entries and ensure appropriate reporting in BCS Coordinate and raise technical issues encountered with the appropriate department SAP ERP Masterdata ManagementMaintenance of vendor workflow data Concur administration Quarterly Concur profiles review and clean-up Generate Concur accruals and review corporate cards to be blocked or cancelled Audit and Internal ControlSupport and assist with internal and external audits as required, and implement any recommendations to improve procedures and processes. Undertake as required by the ICS team regular tests of controls with adequate supporting documentation to demonstrate compliance. Perform balance confirmations on selected accounts and check in line with internal control requirements OtherManagement, reconciliation, payment, and other related activities of Inter-Co accounts Overview of advertising and promotion Ad hoc activities as required within the scope of the general ledger function Key StakeholdersAccounts Payable, Accounts Receivable and Credit Control, Tax & Treasury, Reporting & ICS Financial Planning and Analysis Richemont Functions Maisons Key RequirementsEducationB.Com/ Finance Graduate with Honours Accounting certification and professional qualification is an advantage ExperienceA minimum of 3-5 years of proven experience in finance and accounting, with at least 2 years’ experience in general ledger accounting Audit experience is an advantage Technical Skills / AbilitiesStrong Accounting background Knowledge of computerized accounting system – especially SAP Knowledge of International Accounting Standards / IFRS Good knowledge of South African VAT regulations Excellent knowledge of Microsoft software (Excel, PowerPoint and other applications) PROFESSIONAL COMPETENCIESExcellent analytical and problem-solving skills Exceptional attention to detail Demonstrated collaboration and communication skills, in a diverse and complex environment The ability to plan and manage time-and organize multiple tasks while adhering to deadlines Demonstrated compliance competences, particularly related to accounting standards and polices High level of personal integrity, and a proven ability to managed confidential information Proven ability to work within a matrix organisation Seniority level Seniority level Associate Employment type Employment type Full-time Job function Job function Finance, Analyst, and Accounting/Auditing Industries Retail Luxury Goods and Jewelry Referrals increase your chances of interviewing at Richemont by 2x Sign in to set job alerts for “Financial Accountant” roles. 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