Rand Water is inviting applications for the Group Accountant Vacancy at Rand Water. The successful candidate will play a pivotal role in the organization, overseeing reporting activities and ensuring compliance with financial standards and regulations.
Individuals with a strong background in accounting and a passion for delivering accurate and reliable financial information are encouraged to apply for the Accountant Vacancy at Rand Water. Joining the team offers an opportunity to contribute to the mission of providing sustainable water solutions to communities across South Africa.
Join the team and contribute to their mission of providing sustainable water solutions to communities across South Africa.
About the Accountant Vacancy at Rand Water
- Closing Date: 12 June 2024
- Reference Number: RAN240530-1
- Job Title: Group Accountant: Reporting (O Band) Re-posting
- Portfolio: Finance
- Employment Type: Permanent
- Country: South Africa
- Province: Gauteng
- Town/City: Glenvista
- Site: Rietvlei
Requirements:
- Chartered Accountant (South Africa)
- 3 to 5 years of experience after obtaining qualification
Duties:
- Ensure the timely, accurate, and reliable reporting of both separate and consolidated financial statements to the board, shareholders, and internal and external stakeholders.
- Ensure full compliance of internal and external reporting requirements with legislative, statutory, governance, and regulatory frameworks.
- Manage and coordinate International Financial Reporting Standards (IFRS) implementation projects for the group, including addressing organizational queries on IFRS application.
- Coordinate and prepare for all assurance audits, including responding to audit queries and information requests.
- Provide oversight and guidance on departmental activities to ensure trial balance accuracy and compliance with IFRS.
- Ensure the Accounting Policy Manual (APM) accurately defines accounting principles per IFRS, reviewing and updating it as needed for regulatory compliance.
- Drive the application of policies and procedures through business partnering, actively reviewing and implementing changes.
- Stay updated on exposure drafts, new accounting standards, regulations, and directives, investigating their impact.
- Review and analyze reconciliations to ensure compliance with procedures, internal controls, and required disclosures.
- Implement initiatives promoting accurate accounting standards application through engagement with relevant departments.
- Assist in budget preparation and monitor expenditure against budget and past trends.
- Cultivate and maintain relationships with internal and external stakeholders.
- Manage staff in line with company policies, procedures, and values.
- Implement and address control weaknesses identified in the Financial Reporting section’s risk register.
Expertise
- Understanding of compliance and the business environment
- Familiarity with the Public Finance Management Act (PFMA)
- Knowledge of relevant International Financial Reporting Standards (IFRS)
- Understanding of accounting and financial environments
- Awareness of National Treasury regulations
- Business acumen and commercial awareness
Competencies
- Proficiency in computer applications (MS Office Suite, SAP integration with other modules, Accounting Systems)
- Effective communication (written & verbal) and interpersonal abilities
- Analytical and critical thinking skills
- Report drafting and presentation
- Strategic planning and organizational capabilities
- Negotiation prowess
- Adaptability and versatility in interacting with diverse stakeholders
- Leadership and managerial competencies
- Comprehensive grasp of accounting and business protocols, guidelines, and workflows
- Expertise in risk assessment and deployment of internal controls within the financial accounting domain
Disposition
- Ethical Integrity
- Social Competence
- Thoroughness
- Dependability
- Initiative
- Time-sensitive
- Adaptable
Rand Water Group Accountant -Reporting-Application process
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This role is pivotal within the organization, tasked with overseeing reporting activities and ensuring compliance with financial standards and regulations. The successful candidate will play a crucial role in ensuring the timely, accurate, and reliable reporting of financial statements to various stakeholders, including the board, shareholders, and internal and external parties.
Key responsibilities include managing International Financial Reporting Standards (IFRS) implementation projects, coordinating assurance audits, and providing guidance on departmental activities to ensure compliance with IFRS. Additionally, the Group Accountant will drive the application of policies and procedures, stay updated on regulatory changes, and cultivate relationships with stakeholders.
In conclusion, the opportunity to join Rand Water as a Group Accountant – Reporting presents a compelling prospect for individuals with a strong background in accounting and a commitment to delivering accurate financial information.
With a closing date of 12 June 2024, interested candidates are encouraged to apply promptly.