Closing Date:2024/04/21
Reference Number:BOX240403-1
Job Title Group Financial Accountant
Job Type Permanent
Division Finance
Department Management Accounts
Number of Positions 1
Location – Town / City Westville
Location – Province KwaZulu-Natal
Location – Country South Africa
Minimum Education Level Masters Degree
Job Category Finance
Job Advert Summary
Boxer Superstores is a leading retail chain with a strong presence in South Africa. We are committed to providing quality products and excellent service to our customers. As we continue to grow, we are seeking a talented and experienced Group Financial Accountant to join our team at our Head Office in Westville, Durban.
General description
Overall responsibility for completeness, accuracy and timely completion of all financial statements, including the annual report, in the Boxer Group, ensuring technical compliance with Companies Act, IFRS and JSE listing requirements. Creating a centre of excellence of technical and regulatory knowledge, applicable to all financial information matters across the Group as a whole.
The Group Financial Accountant (GFA) drives innovation in the financial reporting landscape. The GFA ensures that the cost and effort of regulatory compliance is managed to get maximum benefit for the Boxer Group taking into account stakeholder needs and requirements.
New regulatory requirements are analysed timeously to ensure that systems and process across the Group (including all subsidiaries) are adjusted to assist in easy implementation of new compliance requirements.
Reporting structure: Reporting to the Head of External Finance
Minimum Requirements
Minimum requirements
CA(SA)
2 to 4 years of post-qualification experience
Experience in a JSE listed company advantageous
Management accounting experience advantageous
Financial and tax regulatory experience advantageous
PowerPoint experience
Microsoft Excel intermediate
BPC / SAP advantageous
Core competencies
Excellent written and verbal communication skills
Problem solving and analytical thinking skills
Pro-active approach to implementation of changes in operational and accounting requirements
Strong sense of accountability and excellence
Ability to effectively multitask
Well organised with strong attention to detail and accuracy
Ability to work well under pressure
Ability to follow process and procedure
Strong sense of self investment and growth in knowledge of Group
Good teamwork skills, with the ability to develop strong relationships and to work collaboratively within the Group
Duties and Responsibilities
Key responsibilities
Responsible for the bi-annual and annual end to end external Group reporting process, ensuring compliance with all relevant regulatory requirements (IFRS, Company’s Act, JSE listing requirements etc.) and ensuring reporting timelines are strictly adhered to
Responsible for the bi-annual timeline completion of the full suite of financial publications, with timeous submission to the JSE and shareholders
Responsible for all financial information contained in the annual and interim external suite of financial publications (IAR, AFS, summarised AFS, shareholders booklets, SENS announcements etc.), including all supporting
schedules and notes to the financial statements and accounting policies
Responsible for a timely and efficient typesetting process of all external financial publications – ensuring continuous innovation and improvement in typesetting process, ensuring costs are kept to a minimum
Responsible for the completion of statutory annual financial statements of all entities within the Group, ensuring that the general ledger caters for this process and that no manual intervention or adjustments are needed. If needed, the GFA will investigate and drive the implementation of new processes to ensure that this requirement is met
Ensuring the compliance of all statutory annual financial statements with regulatory requirements. Communicating annually (and ad hoc when required by new IFRS events) technical guidelines to the finance team of current and future technical IFRS requirements
Group Financial Technical champion – informing accountants throughout the Group of technical updates, create and manage the interpretation papers of IFRS or other regulatory requirements by compiling the inputs of all relevant parties and managing feedback from the external auditors, and ensuring implementation of new accounting standards across the Group
Assisting with the calculation and proposal of dividend declarations and run end to end process. Processing all journals on SAP and related systems ensuring that legal and tax requirements are met, initialising and driving the process and initiating the interaction with the legal and tax departments.
Control and maintain all consol journals, ensuring an understanding of each journal posted
Control and maintain general ledger account hierarchy, ensuring consistent and appropriate use within the group
Control and maintain intergroup balances and transactions, ensuring appropriate process are maintained to enhance
the consolidation process of ensuring that all intergroup balances and transactions are eliminated on consolidation
Calculate and supply profit forecasts for all provisional tax payments at the relevant time periods
Assist with all informational queries regulatory or legal bodies in reference to financial information published in the annual report or statutory AFS
Ensuring that all BEE reporting relating to financial information is supplied in line with required timelines
Providing regular and direct assistance to the CFO regarding regulatory financial reporting
To identify and alert the Head of External Finance of any irregularity, lack of adherence to process and procedures, weakness in internal controls, and any actual or potential concerns arising out of the financial and operational reporting
Keep up to date with IFRS standards and all accounting concepts, practices, and procedures
Assist with external analyst/investor queries, as required
Assist PnP Group Reporting team in meeting Group Reporting deliverables, as required
Ad hoc tasks as required by Head of External Finance and CFO
Play a role in tax compliance
