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Job Summary
The purpose of the role is to act as a subject matter expert for the consolidation, period close reporting and intercompany accounting functions for IDC company and group in compliance with IFRS, regulatory requirements and IDC policies. The Consolidation IFRS Specialist is responsible for activities related to period end, consolidation, and intercompany accounting. The specialist needs to ensure standardisation of consolidation reporting processes, policies, procedures across the group; timely and accurate preparation of consolidated monthly, quarterly, and annual financial results; and implementation and maintenance of appropriate consolidation financial reporting systems. Qualifications Bachelorâ€s degree in finance /accounting or equivalent CA(SA) - Mandatory Experience: •10 Years†experience in finance or finance operations related roles. •5 - 8 Years†experience in performing Group Consolidations function of a large company. •Experience in a managerial position (preferable). •Experience in accounting for complex consolidations in a multinational environment. •Industry experience from financial services/Lending/Banking would be advantageous. •Good understanding of the functioning of the SAP system and consolidation systems. •Strong IFRS 10 and IAS 28 experience required. •Understanding of financial analysis and the ability to prepare management reports. •Sound financial Excel Modelling Skills, Microsoft Office inclusive of Word and PowerPoint •Proficient in Microsoft Excel and Word.  •Review and guide the group financial reporting processes. •Design and implement group wide reporting controls and templates required for the execution of financial consolidation. •Preparation of the group consolidation in compliance with the group reporting policies, procedures, and templates. •Continuously provide input into the improvement of the group reporting policies, procedures, templates and the efficiency of the consolidation preparation processes. • Perform the group consolidation for monthly, quarterly, and annual financial performance. • Process the relevant approved year-end adjustments key to the consolidation performance. • Manage the overall process for the preparation and consolidation of monthly, quarterly, and annual financial results. • In liaison with Client Support and Growth (CSG), identify and maintain a record of investments that meet the requirements of consolidation. • Implement controls to ensure that the list of investments to be consolidated is complete at any point in time on the consolidation platform. • Monthly review and reconciliation of ZPR (SAP client depository) to ensure alignment of the investments list across the various business areas, i.e., completeness and accuracy to the trial balance. • In liaison with Technical Finance, ensure the accuracy of the classification and measurement of the investments. • Responsibility for the development and update of intercompany policies and procedures. • Define and identify the nature of intercompany transactions and account types specific to the IDC reporting environment for intercompany transaction elimination purposes. • Ensure the group consolidation process is in compliance with IFRS requirements. • Keep abreast of latest developments in IFRS and integrate these into group accounting policies and procedures. • Prepare monthly, quarterly, and annual internal consolidation financial reports to key IDC committees. • Participate, provide input and support in the audit preparation process and during the performance of the external audit. • Support the financial reporting team with the preparation of any internal financial reports, as applicable. • Contribute to the preparation of external financial reports to external stakeholders. • Assist with ad-hoc Financial Management department initiatives and projects. •Create and maintain a good relationship with internal and external stakeholders. •Provide coaching and training to the financial reporting team as and when necessary. •Support and drive Innovation of the IDC group consolidation process. •Participation in key meetings as per nomination. FUNCTIONAL KNOWLEDGE Financial Consolidation Consolidation systems Financial accounting Period end Closing IFRS (International Financial Reporting Standards) JSE Listing Requirements Corporate Governance – King IV BEHAVIOURAL COMPETENCIES Deadline driven and attention to detail Good Communication Skills and a hands-on approach Good Interpersonal Skills Coping with Pressures and tight deadlines Conflict resolution skills Negotiating and influencing Presentation Skills Decision Making Skills
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