Accountant

In brief

**Overview** This is an Accountant role within the Shoprite Group of Companies, specifically focusing on financial consolidation and annual financial statements compilation for its Non-RSA (non-South Africa) entities. The position involves detailed financial reporting, compliance with international accounting standards like IFRS, and managing the financial processes for various international subsidiaries on a recurring basis. **What you will do** Non-RSA Consolidation Functions: * **Monthly:** * Prepare and distribute foreign currency exchange rates in the Group’s format. * Roll forward recurring consolidation journals in BPC. * Calculate and post monthly consolidation journals for hyperinflation, discontinued operations, internal trademark elimination, forex hedge, and reallocate unrealised profits. * Submit consolidation input schedules for disclosure notes. * Complete the consolidation journals report. * Compile monthly reports for key financial matters on posted journals. * **Quarterly:** * Perform analytical reviews on divisional financial data for Non-RSA entities to ensure correctness and fair presentation. * Submit tax disclosure notes for consolidation journals and complete the consolidation section in the tax analytics file, ensuring completeness and assessing reasonability. * Complete internal financial controls attestation form. * **Bi-annually (December interim and June year-end):** * Assist with the ECL IFRS 9 calculation process for receivables within Non-RSA entities, if applicable. * Perform loan movement analyses for Non-RSA and capture inputs on BPC Inter-Co Disclosure model. * Manage the IFRS 7 disclosure process by collecting foreign exchange rates and bank interest rates, reviewing divisional inputs, running interest and foreign currency sensitivity calculations on BPC, completing IFRS 7 disclosures for consolidation entries for Non-RSA, and reviewing calculated sensitivities for the Group. * Prepare discounted cash flow calculations for trading Non-RSA entities and calculate investment impairments IFRS 9 for Shoprite International Ltd Non-RSA holding company. * **Annually (June year-end):** * Assist with audit queries on consolidation files and journals. * Prepare the budget for consolidation entries for Non-RSA. * Update the Group restricted cash memo IAS 7. * Post the interdivisional sales elimination AFS journal for Non-RSA. * Roll forward consolidation journals to the new financial year and perform reconciliations. Annual Financial Statements Compilation Functions: * Prepare annual financial statements in compliance with IFRS or other applicable accounting frameworks for 25 Non-RSA statutory legal entities (20 at June year-end, 5 at December year-end). * Prepare financial summaries for 3 Non-RSA statutory legal entities. * Respond to and resolve audit queries and manage the sign-off process to meet deadlines. * Manage Trainee Accountants assisting with the preparation of annual financial statements. * Prepare retained earnings reconciliations. * Prepare going concern assessments and request letters of support and subordination agreements from the Legal Department if needed. * **Additional responsibilities specific to December year-end annual financial statements:** * Calculate and prepare fixed asset registers including impairment calculations in terms of Angolan GAAP. * Assist with December year-end input schedules on BPC for disclosure notes. * Calculate and post IFRS reversal and other AFS journals. Ad-hoc functions: * **Trainee Accountants:** * Provide training to Trainee Accountants (3 at June year-end, 2 at December year-end). * Review learning outcome reviews (LORs) on SAICA EAT submitted monthly. * Review work performed by Trainee Accountants. * Provide feedback to Trainee Accountants and attend their Atcor assessments. * **Other:** * Calculate and post ZAR forcing journals for correction of system-calculated translation of intergroup transactions if applicable at month-end. * Write memos and policy documents as required. * Liaise and communicate with the external auditors. **Requirements (from the original advert)** Not specified **Who should apply** This role is suited for an accountant with a strong background in financial consolidation, particularly within a multi-national context. The ideal candidate should have expertise in IFRS and other international accounting frameworks, experience with foreign currency transactions, and the ability to perform detailed analytical reviews. Experience in preparing statutory financial statements, managing audit processes, and potentially supervising or mentoring junior accounting staff is also relevant. The role requires meticulous attention to detail and the ability to work within structured monthly, quarterly, bi-annual, and annual reporting cycles. **Deadline** Not specified **Reference** Original posting: https://www.myjobmag.co.za/job/accountant-shoprite-group-of-companies-6 Source: myjobmag

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