Financial Reporting Specialist

The Financial Reporting Specialist will be responsible for Statutory and Regulatory financial reporting including the compilation of statutory reporting packs, annual financial statements, VAT and Income Tax returns.

**Key Responsibilities**:
**1. Design, monitor and implement internal financial controls, practices and processes**
- Ensuring timely and accurate compliance with corporate deadlines - CIPC deadlines, statutory deadlines for all taxes, Companies Act deadlines & internal/external reporting deadlines
- Detailed review of monthly Balance Sheet recons and ensure accurate classifications in the B/S in accordance with IFRS, investigating recurring issues and re-reviewing after the issues has been resolved
- Review Fixed Assets (FAR + W&TR) and ensure allowances and disposals are calculated accurately, accounting policies are implemented correctly and that the registers are accurate and in line with Pastel (additions / disposals) and IFRS
- Review of journals (monthly standard journals and ad-hoc journals)

**2. Coordinate annual external auditing process**
- Review the audit files and working papers before submission to the auditors
- Assisting auditors with queries
- Managing the auditors requests with team members
- Preparing Annual financial statements in compliance with IFRS

**3. Financial Reporting**
- Building / maintaining Monthly Reporting Consolidation model with complex account structures for aggregation of companies
- Evaluate account classification and transaction treatment in terms of IFRS
- Support Budgeting / Forecast process - building / maintaining tax models, Depreciation and W&T model for the budget and 3 year plan
- Pepkor Statutory Reporting - Preparation/Inputs of the quarterly reporting packs on group reporting tool (“Finnivo”) & addressing follow-up queries
- Detailed review of intercompany matrix to ensure accurate recording amongst the entities and ensure the correct balances are pulled into the consol
- Responsible for the monthly reporting templates to Pepkor (EBIT templates, management templates, forecasts templates)
- Responsible for the linking and completion of the Pepkor budget and 3 Year Plan templates

**4. Tax and VAT Management**
- Reviewing the VAT calculations and VAT201 Return submissions
- Calculation of VAT apportionment in terms of VAT ruling
- EMP201 review and submission
- Prepare provisional Tax calculations and submission of Provisional Tax returns
- Prepare/Review monthly Income tax calculations as well as deferred tax calculations in accordance with Tax legislation and Accounting Standards.
- Tax balance reconciliations to SARS Statement of Accounts, and follow up with SARS on any variances (especially for annual audit purposes)
- Responsible for all tax type queries - preparation of letters to SARS, reconciliation, supporting documentation accumulation, IT14SD calculations and reconciliations

**5. Financial Risk Management**
- Completing the annually insurance declaration and performing supporting calculations
- Monitoring/updating of the companies’ risk registers on a monthly and bi-annually

**Qualifications**
- CA (SA)

**Experience**
- 2 Years post article experience

**Functional Competencies**
- Software: MS Word, MS Excel, MS Outlook, Pastel
- Financial management and reporting practices
- Experience and in-depth practical knowledge of IFRS
- Taxation law
- Business and Commercial law
- Corporate Governance principles
- Risk management principles and practices

**Behavioural competencies**
- ** **Accountability
- Analyse and solve problems
- Strong analytical skills
- Concern for order, quality and accuracy
- Deadline driven
- Confident self-starter - ability to be decisive and show initiative

**Pepkor Payments and Lending is committed to creating equal employment opportunities.