Financial Reporting Specialist

2 weeks ago


Cape Town, Western Cape, South Africa NOV Inc Full time

About NOV Inc

NOV Inc is a leading provider of innovative solutions for the oil and gas industry. We are currently seeking a highly skilled and experienced Financial Reporting Specialist to join our team.

Job Summary

The Financial Reporting Specialist will be responsible for managing the general ledger and financial reporting functions for the Africa region. This includes preparing and processing financial reports, reconciliations, and statements, as well as ensuring compliance with accounting principles and procedures.

Key Responsibilities

  • Manage the general ledger and financial reporting functions for the Africa region
  • Prepare and process financial reports, reconciliations, and statements
  • Ensure compliance with accounting principles and procedures
  • Reconcile accounts receivable and accounts payable ledger accounts on a monthly basis
  • Balance the general ledger to AR and AP sub-system balances
  • Process all payments and receipts via the ERP system and reconcile statements
  • Obtain IC invoices and supporting documents from IC partners
  • Maintain the Fixed Asset Register
  • Ensure that the General Ledger and Fixed Asset/Lease sub-systems are aligned
  • Apply technical knowledge to the capitalization and decapitalization of assets
  • Ensure additions and disposals to fixed assets/leases are recorded accurately and in a timely manner in accordance with the entity's policy
  • Quarterly lease expense reconciliations and submission to Corporate Head Office
  • Ensure inventory sub-systems to GL balance on a monthly basis
  • Prepare and process all relevant journals with appropriate supporting information
  • Maintain Balance Sheet Reconciliations in line with corporate requirements
  • Follow up on corrections and clearing of any required balance sheet reconciling items within appropriate timelines
  • Analyze revenue and expenses so they are recorded appropriately on a monthly basis and report on variance
  • Provide Operations with all financial information and analysis to support management decisions
  • Organize and preparation of monthly, quarterly, yearly financials that meet the NOV reporting requirements in terms of quality of accounting, deadlines and documentation of controls

Requirements

  • Bachelors or higher degree in Accounting or Finance
  • Professional Accountant (SA), AGA (SA)
  • 2-3 years accounting experience
  • SAIPA/SAICA Articles/formal accounting training, knowledge of IFRS
  • Knowledge of US GAAP and SOX reporting


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