Job Description

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Job Advert Summary

(Land Bank) is South Africa's only specialist agricultural bank established in 1912, the bank's sole objective is to serve South African commercial and emerging farmers and bring specially designed financial services within their reach. These services enable farmers to finance land, equipment, improve assets and obtain production credit. The Land Bank provides financial services that have moved with the times and continues to provide services to agri-business and constantly reviews its offerings to ensure that they match the needs of an industry. As change has swept across the sector in South Africa the socio-economic makeup of agriculture has altered, bringing new entrants from historically disadvantaged backgrounds on to the land, these new farmers, facing the challenges of establishing sustainable agri-businesses across the agricultural value chain, Land Bank has been a commercial lifeline offering appropriately designed financial products that facilitate personal and commercial viability in a sector that is vital to the sustainability of South Africa and its people.

MAIN PURPOSE OF THE JOB

To ensure complete and accurate general ledger, asset accounting control function and the insurance claim processes. To provide relevant stakeholders with accurate and complete information for reporting and decision making purposes, supporting the accurate compilation of Financial reports.

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Key Performance Areas

1. Month-end reconciliation and General Ledger maintenance (overall responsible for data accuracy and integrity by performing general ledger reconciliations and income statement analysis)

Develop a month-end timetable and follow up to ensure compliance with the timetable. Opening and closing of accounting periods on SAP FI. Assigns responsibilities to relevant assistants, including the creation of reconciliations. Manage the month-end focus. (Including investment properties, PPE, PIPS, Intangible assets, Provisions, Leases, etc.) Effect corrective measures Processing of journals.

2. Assisting with the compilation of Financial reports (the Annual Financial Statements, CROM, CAPEX and insurance budget and other ad-hoc reports)

Reports are due in accordance with scheduled activities; or Requests are received for the compilation of a report. Analyse the request to determine the nature and extent of the report Statutory Management IFRS/IAS Compliant Compile the reports in accordance with policies, procedures and legal requirements Compile the reports within the allocated time frame

3. Ensure VAT returns are submitted and VAT act is complied with

Perform the VAT run and submit VAT returns

4. Ensure adherence to financial processes, procedures and policies

Review and updating processes, policies and procedures on a continuous basis Adapt the Bank's accounting policies in line with the changing environment- IFRS, PFMA, NCA and the Land Bank Act. Evaluate and improve internal controls. Develop and maintain an accounting manual Review to ensure internal controls and processes are in place. Recommend any improvements. Ensure compliance with internal processes and policies.

5. Asset Accounting

Maintain the fixed assets register (account for all additions, disposals and transfers of assets). This includes PPE, Intangible Assets, Non-current assets held-for-sale, Properties in Possession and Investment properties. Coordinate and conduct physical asset verifications Submission of monthly asset reports

6. Coordination of the monthly insurance claim process and the annual insurance renewal process

Co-ordination of the annual renewal process. Preparation of information for submission to the brokers. Completion of Insurance questionnaires Co-ordination of insurance claims

7. Liaison with internal and external auditors

Liaises with both internal and external auditors and responds to audit queries/opinions. Responds to areas that they highlight -this may require clarity issues, giving information, designing and amending controls. Implementation of action tasks/projects to address audit findings relating to his/her area.

8. Coordination of the annual process of Land Bank property valuations

3 months before financial year end, prepare spec for the valuation and liaise with SCM to request RFQ's for the annual property valuations Draft memo for the appointment of the service provider Coordinate all the requested information by the service provider in order for them to carry out the valuation work timeously.

9. Accounting for investments

Receive the monthly investment report from Coronation Fund Managers Post the monthly investment movement journal Preparation of the monthly reconciliations. Prepare the note disclosure for Annual Financial Statements

10. Accounting for Expected credit losses

Once the ECL model is received for the month, prepare the monthly journal workings to ensure that journal movement will align the SAP to the ECL model Post the monthly ECL journal Preparation of the monthly reconciliations. Prepare the note disclosure for Annual Financial Statements
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Preferred Minimum Education and Experience

B Com Accounting degree BCompt 3-5 years Financial Accounting
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Critical Competencies

Advanced Microsoft Office/ Excel Financial Reporting Software Packages International Financial Reporting Standards (IFRS) Financial Principles Accounting standards Land Bank Act Treasury Regulations
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Additional Requirements

Travel as and when required
Extended hours as and when required.