South Africa Job Openings

Group Finance

Group Advisory and Consolidated Reporting Specialist

Cape Town

December 2, 2024

Introduction

Momentum Group Limited (Momentum Group) is a significant player in South Africa's life insurance and integrated financial services sectors. We are a proud Level 1 B-BBEE South African-based group dedicated to building and protecting our clients' financial dreams. Our client-facing retail and specialist brands, including renowned names such as Momentum, Metropolitan, Guardrisk, and Eris Properties, play a pivotal role in fulfilling this purpose.

We are dedicated to rehumanising every interaction with our clients, stakeholders, communities, and society. At the heart of this commitment is our understanding that we are a business with heart. By infusing genuine care into every action and word, we demonstrate our unwavering value for our communities, stakeholders, and society.

Disclaimer

As an applicant, please verify the legitimacy of this job advert on our company career page.

Role Purpose

Responsible for the provision of technical accounting advisory, the preparation of the Group consolidation and Group IFRS compliant reports to ensure that fair and reliable financial reporting and disclosures are issued to stakeholders in compliance with legal and reporting requirements.

Requirements

Qualifications

CA(SA)

Experience

At least 6-8 years of experience

Knowledge of Financial Reporting Standards (IFRS) and risk management principles

Group consolidation and reporting experience essential

Technical accounting experience essential

Prior IFRS consolidation systems experience advantageous

Knowledge of Financial services industry

Relevant financial systems

Accounting practises

Relevant office computer software

Duties & Responsibilities

Provide strategic input to the development of Financial Reporting strategy

Drive and/or assist Group IFRS specific projects where necessary

Initiate corrective action in business units when IFRS reporting and other regulations are not met appropriately

Assist in the development of others through on the job training, review and feedback mechanisms

If there are any changes to legal entity structure, ensure that the Group as a whole remains compliant

Identify, recommend and implement ways to improve efficiency and effectiveness of the current reporting process

Co-ordinate, consolidate and review the Group IFRS accounts for each reporting period in respect of high-risk areas of the process

Review complex and judgemental IFRS accounting treatments submitted to Group by business

Prepare and review Group financial statements in compliance with IFRS and other reporting/regulatory requirements and timelines to ensure fair and reliable financial reporting and disclosures are issued to stakeholders

Review financial statements for compliance with IFRS and other reporting/regulatory requirements

Assist business units with the implementation of IFRS technical accounting conclusions reached in opinions

Participation in ad hoc projects reporting or technical advisory projects where the tasks are of a high complexity

Maintain and update Group technical accounting frameworks, standards, policies and processes in line with industry standards and regulations

Provide specialist IFRS technical advice and support to stakeholders in the structuring and execution of complex transactions such as mergers, acquisitions, internal restructures and funding solutions

Provide technical accounting advisory support to business during the due diligence phase of transactions in respect of complex acquisitions

Provide and review quantitative information and detailed analysis to internal stakeholders to assist with the management of investor queries and expectations

Co-ordinate sign-off with auditors in respect of technical accounting opinions

Co-ordinate with auditors in respect of the consolidation and financial statements

Contribute towards the implementation of new IFRS standards including the development of technical accounting frameworks, standards, disclosures, policies and processes

Review and monitor compliance and consistent application of accounting policies and procedures by Group entities

Develop, maintain and distribute reporting frameworks and templates that comply with IFRS and other regulatory requirements including reporting pack templates

Effectively co-ordinate and review information submitted to external publications e.g. for JSE, integrated report and SENS announcements

Co-ordinate and review information submitted for internal distribution for relevant stakeholders, Exco, Board and Sub-Board (e.g. segment results meetings. ,ad hoc reporting)

Take corrective action when standards are not met

Incorporate new international companies and new businesses into the reporting and budgeting financial processes

Improve the efficiency of the reporting processes and enhance the set of available reports

Manage the reporting process and reporting tools

Enhance the value of reporting to Actuarial

Project administration and co-ordinating

Maintain and develop Group Finance culture, values and reputation with all staff to ensure motivation and engagement

Deliver timeous, accurate and value-adding analysis and insights to stakeholders

Competencies

Examining Information

Interpreting Data

Providing Insights

Meeting Timescales

Checking Things

Upholding Standards

Producing Output

Taking Action

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