Financial Reporting Specialist

Description

• This position is responsible for the preparation of the statutory reporting requirements within the Bank

Duties

• Risk and Compliance:
• Assists in implementing policies and controls for compliance with International Financial Accounting and Reporting Standards
• This includes ensuring that IFRS calculations are performed and all relevant entries are accounted for timeously
• Assists in implementing policies and controls for compliance to statutory and regulatory rules
• This includes compliance to Bank of Namibia requirements as well as ensuring that the relevant calculations are performed and accounted for timeously
• Review of gazettes and liaise with Bank of Namibia / compliance to ensure accurate reporting and compliance. Communicate any deviances noted to the regulator
• Perform all additional regulatory communications w.r.t. stress tests, audits, queries
• Continuous automation of all statutory returns to ensure timeous submission and accurate reporting. Automation will also ensure time spent on returns is reduced
• Assist in planning/reviewing of items to ensure that we maintain adequate capital as prescribed by the regulator
• Assist with any reporting to JSE
• Assists with the resolution of external and internal audit findings
• Ensure that the monthly, quarterly and bi-annual risk reporting for finance is done
• Consolidated Financial and Statutory Reporting:
• Prepare the statutory returns for Bank of Namibia on a monthly, quarterly, half-yearly and annual basis and ensure timeous submission of returns
• Ensure timeous submission of the quarterly, semi-annual and annual consolidated supervision returns
• Ensure that all queries on statutory returns and reports are promptly resolved
• Proactively investigate movements and liaise with other departments to resolve any queries promptly
• Assist other departments with Bank on Namibia queries to ensure accurate and prompt reporting
• Prepare the annual financial statements and tax calculations for the subsidiaries
• Maintain the accounting records for relevant subsidiaries
• Assist with the preparation and finalisation of the consolidated Bank Windhoek Annual Report
• Prepare Namfisa submissions for subsidiary and ensure timeous submission
• Assist with the calculation of IFRS accounting and preparing of the Management Accounts
• Attend all IFRS 9 committee meetings to provide feedback on bad debt movements
• Preparation of relevant monthly accounting reconciliations
• Continuous automation of relevant monthly accounting reconciliations to ensure timeous submission
• Update TM1 with the monthly TB and run consolidation for Group to complete their accounts
• Prepare and post the bi-annual consolidation journals on TM1
• Perform recons on PWC invoices and ensure that their invoices are correct and in line with the audit budget
• Report on any deviances
• Assist the Financial Reporting Manager with ad-hoc tasks
• Treasury:
• Ad-Hoc support: assist with treasury month-end to ensure accurate accounting records when the treasury manager is not available
• Liaise with External and Bank of Namibia auditors:
• Assists in coordinating and facilitating audits and information regarding external and Bank of Namibia audits and reviews
• Liaise with external auditors for all queries relating to the subsidiaries
• Liaise with all departments and assign responsibilities to each with deadlines to ensure timeous reporting to the external auditors

Requisites

• Experience, Knowledge & Skills:
• At least 5 years working experience in the financial accounting field
• Sound knowledge of International Financial Reporting Standards
• Knowledge of the Accounting systems and Processing activities
• Sound knowledge of VAT, Income Tax and Withholding Tax
• Ability to work independently
• Ability to work well under pressure and meet strict deadlines
• Must have an aptitude for detail and critical analysis
• SAP experience will be an added advantage
• Computer literacy essential (Word, Excel and PowerPoint)
• Excellent interpersonal relationship skills
• Excellent verbal and written communication proficiency in English
• Qualification:
• Chartered Accountant qualification
• Core Competencies:
• Deciding & initiating action
• Adhering to principles and values
• Applying expertise and technology
• Analyzing
• Planning and organizing
• Coping with pressures and setbacks
• Entrepreneurial and commercial thinking

Notes

• Only shortlisted applicants will be contacted