Superintendent Financial Reporting, Roodepoort

A successfull Mining Company in Gauteng is searching for a suitable candidate to fill the position of

Superintendent Financial Reporting.

Minimum Required Qualification

Have NQF 8 (Post graduate Diploma / Honours Degree/ Professional Qualification Degree) in Accounting.

Be a Qualified Chartered Accountant (CA)

The Appointee should

Be registered with The South African Institute of Chartered Accountants (SAICA) as a Chartered Accountant (CA)

Have at least 2 years’ post-articles experience in a related role.

Experienced in preparing and analysing financial models (discounted cash flows), purchase price allocations in a business combination, researching, problem solving, solution orientated, analysing and resolving technical accounting issues and preparing/ reviewing financial statements in accordance with IFRS Accounting Standards

Have large, listed entity experience.

Be medically fit to work in the specific business area.

Have a clear security screening record.

Have a clear credit record.

Have a valid driver’s license (if applicable).

Advantageous Qualifications

Experience in the mining sector

Additional Requirements

Ability to work under pressure within tight deadlines, longer hours from time to time as required during peak reporting periods.

A drive to automate and improve processes by using the latest technology

Good IFRS Accounting Standards knowledge

Computer skills (MS Office, specifically MS Excel).

Possesses a good understanding of consolidation accounting and the technical aspects of a consolidation (NCI, eliminations, business combinations, equity accounted investees, etc.).

Competent in the preparation of subsidiary financial statements.

Ability to assist with the selection, implementation, design and testing of a new consolidation system

Understanding of accounting requirements relating to complex transactions, such as business combinations, black economic empowerment and group restructurings would be beneficial.

Knowledge of the JSE/ Companies Act would be beneficial.

Ability to apply IFRS Accounting Standards in a mining environment would be beneficial.

Experience with requirements to operate in a SOX compliant environment.

Key Responsibilities

Calculating environmental rehabilitation obligations under IFRS Accounting Standards (discounted cash flow calculations on gross closure costs provided by relevant experts)

Assist with reviewing life of mine models and performing discounted cash flow calculations to assess impairment under IFRS Accounting Standards.

Assist with preparing weighted average cost of capital calculations.

Preparing ad-hoc financial models and/ or calculations relating to new or existing transactions (for example, amortisation schedules, discounted cash flow calculations, other general IFRS-related calculations).

Researching and documenting economic indicators (prices, discount rates, inflation, exchange rates etc) where required for models/ calculations.

Preparing selected PM consolidation packs with supporting workings on a monthly and quarterly basis.

Reviewing the accuracy of PM packs prior to loading on the consolidation system monthly. This includes resolving issues in the packs and guiding operations on how these should be corrected.

Preparing monthly consolidation journals.

Performing monthly consolidation checks.

Preparing selected subsidiary financial statements, applying the latest accounting standards and accounting policies adopted by the Group.

Assist with preparing of the PM consolidation packs for the budget and review of budget packs received prior to loading on the consolidation system.

Preparation of monthly consolidated segment reports, All– in - sustaining cost calculations etc.

Preparing at purchase price acquisition packs.

Review of GL account mappings of newly acquired entities.

Liaison with external auditors, provide supporting information and resolve any queries raised.

Assisting with preparing technical IFRS Accounting Standards guidance to communicate to operations finance teams.

Preparing technical accounting memorandums on significant and unusual transactions.

Preparing cash flow statements under IFRS Accounting Standards.

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