Senior Accountant

Pretoria, South Africa

JOB DESCRIPTION

The main purpose of this position is to provide team leadership for the accounting function and interpret financial information for the South African Reserve Bank (SARB) to ensure accurate and timely financial reporting.

Detailed description

The successful candidate will be responsible for the following key performance areas:

• Oversee the monthly financial reporting process to ensure accurate and timeous financial reporting.
• Review the Statement of Assets and Liabilities (SAL) and related notes; and the Financial Review for accuracy in accordance with SARB policies, relevant accounting standards and legislation. 
• Review income tax computation, value-added tax (VAT) calculation and related returns for accuracy and compliance with tax legislation. 
• Review and approve the relevant accounts reconciliations for accuracy in line with the approved reconciliations policy. 
• Oversee the fixed assets management processes to ensure accurate financial reporting.
• Manage the quality and delivery of monthly financial reports, tax calculations and account reconciliations. 
• Perform the final authorisation of payments, accounting transactions and data captured by team members ensuring accuracy, completeness and timeous delivery. 
• Fulfil the team leadership function pertaining to the development and performance of the team. 
• Actively participate in cross functional teams and projects and provide financial reporting input. 
• Monitor and ensure the adherence to processes and internal controls to ensure the validity and accuracy of financial results. 
• Propose and implement the refinement and continuous improvement of systems, tools, controls, methods and processes in own area of work.
• Participate in stakeholder engagements (internal and external) specifically relating to financial reporting. 
• Stay current with developments in financial reporting and central banking and ensure the application thereof.

QUALIFICATIONS

To be considered for this position, candidates must be in possession of:

• at least a Chartered Accountant (SA) (NQF 8) qualification; and
• eight to 10 years’ financial reporting experience.

Additional requirements include:

• knowledge and skill in:
• industry, organisational and business awareness;
• quality assurance;
• continuous improvement;
• continued learning and/or professional development;
• finance strategy;
• finance legislation and governance, risk and compliance;
• finance project management;
• financial forecasting and budgeting;
• financial accounting; 
• cost accounting; 
• management accounting;
• financial analysis and reporting;
• financial reconciliation; 
• fixed and/or moveable asset management; 
• taxation;
• function specific – performance management;
• function specific – information systems; and
• business continuity planning;
• conceptual thinking; 
• effective communication; 
• flexibility;
• drive for results;
• learning focus; 
• team work; 
• service and stakeholder oriented; 
• building and maintaining relationships; 
• judgement and decision making;
• Impact and influence; 
• analysis and problem solving;
• resilience; and
• managing complexity and ambiguity.

ABOUT US

About SARB

Primary mandate of the SARB

Section 224 of the Constitution of South Africa states the mandate of the SARB as follows:

The primary object of the South African Reserve Bank is to protect the value of the currency in the interest of balanced and sustainable economic growth in the Republic.

The South African Reserve Bank, in support of its primary objective, must perform its functions independently and without fear, favour or prejudice.

WHAT WE DO

Monetary Policy

The Constitution gives the SARB the mandate to protect the value of the rand. We use interest rates to keep inflation low and steady.

Financial Stability

The SARB has a mandate to protect and enhance financial stability. We identify and mitigate systemic risks that might disrupt the financial system.

Prudential Regulation

The Prudential Authority regulates financial institutions and market infrastructures to promote and enhance their safety and soundness, and support financial stability.

Financial Markets

Open market operations are the main tool we use to implement monetary policy. We manage South Africa’s gold and foreign exchange reserves.

Financial Surveillance

The SARB is responsible for regulating cross-border transactions, preventing the abuse of the financial system and supporting the regulation of financial institutions.

Payments and Settlements

The SARB is responsible for ensuring the safety and soundness of the national payment system, which is the backbone of South Africa’s modern financial system.

Statistics

The SARB provides important economic and financial statistics that present an overview of the economic situation in South Africa.

Research

Research conducted by the SARB focuses on economics, financial stability, banking and emerging trends in finance. Our research supports policy decision-making.

Banknotes and Coin

The SARB has the sole right to make, issue and destroy banknotes and coin in South Africa.APPLY NOW

JOB INFO

• Job Identification168
• Job CategoryAccounting
• Posting Date01/09/2024, 12:00 AM
• Apply Before01/23/2024, 11:59 PM
• Degree LevelNQF 8: Honours degree, Post Graduate diploma and Professional Qualifications
• Job ScheduleFull time
• Job ShiftDay
• Locations Head Office, 3rd floor, Pretoria, Gauteng, 0002, ZA

Click here to apply

All the best with your applications