Ifrs Specialist

2 weeks ago

Pretoria, South Africa SABS Full time

**Job Advert Summary**:
**About SABS**

The South African Bureau of Standards (SABS) is mandated to develop, promote and maintain South African National Standards (SANS), promote quality in connection with commodities, products and services, and render conformity assessment services and assist in matters connected therewith. Working for the SABS opens the mind to the world around you. We offer diverse career paths in dynamic environment that nurtures and recognises talent and potential. Become part of our vision of being a trusted standardisation and business assurance solution provider and join a team that fosters accountability, excellence and innovation in an inclusive workplace.

SABS is an equal opportunities employer, and our recruitment will be done in line with the Employment Equity Act 55 of 1998 and our EE Policy.

**Purpose Statement**

To provide finance reporting team with technical accounting support.

**Minimum Requirements**:

- CA (SA) or ACCA with at least 5 years’ post articles experience;
- Proven track record of preparing IFRS, PFMA and Companies Act compliant annual financial statements;
- Extensive knowledge of IFRS; PFMA; Companies Act and other public sector legislation;
- Previous work experience with the AGSA would be an added advantage;
- Ability to operate in a highly pressurised environment, with quick turnaround times;
- Ability to deal with complex matters and provide integrated solutions;

**Duties and Responsibilities**:

- Provide Finance Reporting team with technical accounting support during preparation and execution of the year-end audit.
- Production of fully compliant group and subsidiary financial statements, in line with relevant frameworks and legislation within prescribed timelines.
- Play key role in financial statement production process, through identification and drafting of new disclosure requirements, documentation of required accounting policies.
- Assessment and implication testing of the latest developments, changes, and interpretations of IFRS standards for SABS Group.
- Analyze complex accounting issues, transactions, and contracts to determine the appropriate IFRS treatment.
- Preparation of IFRS and PFMA compliant financial statements on Draftworx.
- Conduct research on emerging accounting and reporting issues and perform in-depth analysis to determine their impact on financial reporting.
- Stay informed about industry best practices and assess their relevance to the organization.
- Ensure accounting policies forming part of the annual financial statements aligns with IFRS standards.
- Collaborate with cross-functional teams, including internal auditors, financial statements review consultants, tax experts, and legal counsel, to address complex accounting issues and ensure alignment with IFRS principles.
- Technical support and review of the computation of income and deferred taxation in line with South African Tax Laws and IFRS.
- Amend annual financial statement to include recommendations from auditors, that are signed off for correction by the Head: Financial Reporting.
- Ensure that financial statements and disclosures are in compliance with IFRS standards, ensuring all assertions are addressed.
- Resolve general accounting and operational issues and disputes, escalating as required or coordinating with various business units.

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