Job Description

Job Advert Summary

Purpose Statement

Responsible for preparation of annual financial statements, accounting entries and providing technical accounting support for the production of annual financial statements, and audit management requirements

About SABS

The South African Bureau of Standards (SABS) is mandated to develop, promote and maintain South African National Standards (SANS), promote quality in connection with commodities, products and services, and render conformity assessment services and assist in matters connected therewith. Working for the SABS opens the mind to the world around you. We offer diverse career paths in dynamic environment that nurtures and recognises talent and potential. Become part of our vision of being a trusted stadardisation and business assurance solution provider and join a team that fosters accountability, excellence and innovation in an inclusive workplace.



SABS is an equal opportunities employer, and our recruitment will be done in line with the Employment Equity Act 55 of 1998 and our EE Policy. Please note that applications received after the closing date will not be considered.

Minimum Requirements

Qualifications

B Comm (Hons) with 3 years' post articles (SAICA signed off) experience (NQF Level 8) 7 years post SAICA signed off articles will be an added advantage CA (SA) will be an added advantage

Experience

Experience with Draftworx, full IFRS annual financial statements preparation will be an added advantage Proven track record of preparing IFRS, PFMA and Companies Act compliant annual financial statements using Draftworx or Caseware Extensive knowledge of IFRS, PFMA, Companies Act and other public sector legislation Ability to operate in a highly pressurised environment, with a quick turnaround times Ability to deal with complex matters and provide integrated solutions

Duties and Responsibilities

Roles and Responsibilities

Provide technical accounting support during preparation and execution of the year-end audit Production of fully compliant group and subsidiary financial statements, in line with relevant frameworks and legislation within prescribed timelines Play key role in financial statement production process, through identification and drafting of new disclosure requirements, documentation of required accounting policies Technical guidance and application of the latest developments, changes, and interpretations of IFRS standards for SABS Group Assessment and implication testing of the latest developments, changes, and interpretations of IFRS standards for SABS Group Analyse complex accounting issues, transactions, and contracts to determine the appropriate IFRS treatment Preparation of IFRS compliant financial statements on Draftworx Provide technical advice and guidance to finance teams, ensuring the accurate application of IFRS standards in financial statements and related disclosures Conduct research on emerging accounting and reporting issues and perform in-depth analysis to determine their impact on financial reporting Stay informed about industry best practices and assess their relevance in the organisation Ensure accounting policies forming part of the annual financial statements aligns with IFRS standards Collaborate with cross-functional teams, including internal auditors, financial statements review consultants, tax experts, and legal counsel, to address complex accounting issues and ensure alignment with IFRS principles Technical support and review of the computation of income and deferred taxation in line with South African Tax Laws and IFRS Liaise with external auditors during the audit process and provide necessary support on IFRS application and treatment during the audit of financial statements Amend annual financial statement to include recommendations from auditors, that are signed off for correction by the Head: Financial Reporting Ensure that financial statements and disclosures are in compliance with IFRS standards, ensuring all assertions are addressed Assist with validation and data integrity checks for financial data, including data integrated from operations systems Preparations / review of journals Preparations / review of bulk upload files to the financial systems Ensure accurate reconciliation and review of balance sheets and account balances Review fixed asset registers, corrections, and capitalisation in line with IFRS and SARS regulations Ensure compliance with asset classification, depreciation, and tax requirements Monitor Capital Work in Progress to align with financial and regulatory standards Provide technical expertise and guidance on complex accounting issues and assumptions and ensure consistent application from the previously audited financial year * Resolve general accounting and operational issues and disputes, escalating as required or coordinating with various business units.