Job Description

Introduction

Are you a seasoned finance professional with a passion for technical accounting, IFRS, and driving reporting excellence? Momentum Group is seeking a Manager: Group Advisory and Consolidated Reporting to play a pivotal role in leading the Group's IFRS 18 implementation, consolidations, and financial reporting processes. In this strategic leadership position, you will partner with senior stakeholders and external auditors, provide expert technical accounting guidance, and oversee the preparation of accurate, transparent, and compliant consolidated financial statements. This is an exciting opportunity to shape reporting standards, develop a high-performing team, and make a lasting impact within a leading financial services group.

Disclaimer

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Role Purpose

To lead and oversee the end-to-end implementation of IFRS 18: Presentation and Disclosure in Financial Statements, ensuring consistent application, system readiness, and clear communication of impacts across the Momentum Group, driving reporting transformation to enhance transparency, comparability, and stakeholder confidence. Assist the Head of Group Advisory and Consolidated Reporting in managing the daily and strategic operations of the team, partnering with stakeholders across the Group as well as external audit, while managing a multi-skilled team responsible for delivering technical accounting advisory, preparing Group consolidations, and producing IFRS-compliant AFS.

Requirements

MINIMUM QUALIFICATIONS:

Registered Chartered Accountant CA (SA)

MINIMUM EXPERIENCE:

At least 7-10 years' experience as a CA (SA)
5 years of people management experience
Knowledge of International Financial Reporting Standards (IFRS) and risk management principles
Proven track record in implementing or transitioning to new IFRS standards (preferably IFRS 17)
Experience in designing and delivering training, policies, and guidance to finance teams on new standards
Group consolidation and reporting experience essential
Technical accounting experience is essential
Knowledge of Financial services industry

KNOWLEDGE:

In-depth knowledge of IFRS 18 and disclosure frameworks, including practical implementation considerations across large, complex groups
Understanding of change management, project governance, and system or process adaptation to support IFRS transition
Knowledge of relevant legislation
Knowledge of the applicable legislation landscape
Knowledge of IFRS requirements applicable within the area of responsibility
Knowledge of ethical best practice guidelines
Knowledge of accounting practices
Knowledge of relevant computer software
Knowledge of relevant regulatory reporting requirements

Duties & Responsibilities

INTERNAL PROCESS:

Plan, lead, and deliver the Group-wide IFRS 18 programme, including diagnostic gap analysis, disclosure framework redesign, stakeholder training, policy updates and system or process enhancements.
Assist in sign off of accounting treatments developed and documented by the Group Advisory and Consolidated Reporting team and liaise with auditors on accounting issues to obtain external audit sign off
Support the Group Chief Accountant to establish consistent processes and controls across all Divisions within Group Finance and the wider Group.
Review and, where necessary, prepare submissions to the Group Audit Committee.
Partner with the finance community and reporting teams in the financial reporting process of the Group and its subsidiaries.
Support stakeholder value enhancement initiatives through quantifying the expected financial impact of potential solutions.
Contribute towards and support the overall Group Finance delivery requirements and strategy.
Oversee and manage the reporting process and monitor reporting tools to improve the efficiency and effectiveness of the current reporting process.
Manage and oversee the quarterly consolidation and reporting process of the Momentum Group
Review of key reporting deliverables prepared as part of the quarterly reporting process
Liaison with external auditors during year-end audits
Liaison with external auditors in respect of material technical IFRS transactions
Monitor progress, manage risks, and ensure timely adoption in line with Group and regulatory deadlines.
Lead, oversee, manage, analyse, monitor and review the quarterly, bi-annual and annual financial accounting reporting requirements to enhance the value of reporting to the business and stakeholders.
Assist in providing oversight of implementing other standards and regulations as related to reporting and take corrective action when standards and regulations are not met.
Assist in defining and providing strategic input in terms of IFRS accounting standard application and adoption, as well as the impact on financial reporting for the Group.
Provide specialist IFRS accounting standards expertise across the Group.Identify interconnected problems, determine the impact and develop solutions, driving best practice.
Drive the creation, implementation and maintenance of IFRS accounting standard group policies that are relevant and up to date with the latest developments in both the local industry and globally.
Lead with and sign off on the Group technical view on material and complex Group transactions such as mergers and acquisitions, funding solutions and strategic transactions.
Where required, incorporate international companies and other entities into the reporting processes, focusing on financial liabilities reporting requirements.
Continuous research, development, identification monitoring, and execution of financial reporting requirements, standards, best operating practices, advising on financial reporting matters and compliance, assisting in the identification and management of risk and compliance with reference to legislative requirements and/or amendments.
Manage and utilise resource allocation,, implementing systems and planning operations to optimise goal achievement of functional area.
Oversee the implementation of technical IFRS element of transactions of the Group.
Ensure the effective liaison, planning and co-operation during year-end and interims and quarterly reporting with:
o Group actuaries to calculate profit and other actuarial balances

o Group tax in order to calculate the tax provision

o Asset managers for completion of life company asset packs

o The regulatory reporting team in order to assist with regulatory reporting to the FSB, ASISA etc

Effectively strategise, plan and manage the delivery of Group Consolidated and Advisory team deliverables
Manage and oversee the process of the preparation of IFRS compliant consolidated financial statements and summary financial statements for Momentum Group Limited
Responsible for the review of consolidated financial statements for Momentum Group Limited and summary financial statements
Responsible for the review of the processing of all shareholder capital segment related and non-divisional accounting
Responsible for the oversight and review of the Group's quarterly Intercompany reporting process
Liaison with group actuaries, group tax and asset managers on related IFRS disclosures for financial statement notes
Attending Group audit committee meetings where the Momentum Group Limited financial statements are signed off
Deliver statutory financial information in line with Group practices, policies and timelines
Deliver comprehensive financial result reporting, highlighting key drivers and potential implications to the business
Provide insights to business on various financial scenarios and financial implications
Suggest and support process improvements within the team, include system enhancements and changes/improvements to controls

Competencies

Business Acumen
Client/ Stakeholder Commitment
Drive for Results
Leads Change and Innovation
Motivating and Inspiring Team
Strategic thinking
Collaboration
Impact and Influence
Self-Awareness and Insight
Diversity and Inclusiveness
* Growing Talent