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Financial reporting accountant

Johannesburg Johannesburg, Gauteng Gauteng, South Africa
Closing date
Jun 20, 2024

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Job Role
Financial Accountant
Contract Type
Full Time
To maintain and update Group technical accounting frameworks, standards, policies, processes and procedures using current industry standards and regulations
  • Identify potential financial and reputational risks that may impact the business and put action plans in place to mitigate these risks. Address risks identified by the team to ensure effective mitigation.
  • Ability to communicate financial information to a non-technical audience.
  • Financial Data Entry involving the capture of entries to the General Ledger and customer accounts.
  • This includes passing correcting entries to bring unreconciled suspense accounts into balance.
  • Build and maintain relationships with internal and external clients.
  • Provide specialist advice and support to stakeholders.
  • Track and manage correspondence and queries received from the SA Reserve Bank. Ensure deadlines set by the SARB are met with quantifiable responses.
  • Plans, manages and coordinates projects on an ad-hoc basis.
  • Half and full year consolidations are completed accurately and on time. Annually assist in the preparation of annual financial statements and identification of significant issues as well as the segment report. Perform the timely aggregation and consolidation of period end financial information through.
  • Preparation activities for consolidation.
  • Review, reconciliation, quality control checks and validation of information and commentary.
  • Querying of movements with franchises.
  • Passing of relevant journal entries (including audit trail).
  • Currency and share capital conversions o Matching and eliminations (transactions and balances).
  • Assist in portfolio risk monitoring, foot printing, and general reporting.
  • Ensure compliance with the Legal & Compliance Risk Management Framework.
  • Ensure that the governance structures are adhered to within the Group for minimisation of risk.
  • Ensure that risk and compliance targets are achieved enabling risk minimisation and/or loss prevention. Ensure that regulatory requirements are incorporated into operational management systems.
  • Analysing and preparing commentary on the financial result of FTP for Group Treasury and Business units (margin).
  • Preparing net interest margin analytics for the Group.
  • Collate, prepare and distribute reports, documents and presentations as per the needs of the manager.
  • Identify and escalate financial risks through analysis of financial reports and statements.
  • Critically review the Group budgets to identity weak areas and financial risks.
  • Accurate/ relevant/ correct information to be provided for financial reports and financial statements.
  • Critically review and production of monthly management accounts.
  • Critically review budgets from Segments and update and prepare exco / board presentations annually. Financial risks for the Group and its entities are mitigated.
  • Attend meetings on behalf of the area/function.
  • Liaise with CFO's and internal/external auditors when required.

Job Details

Application Closing Date


All appointments will be made in line with FirstRand Group's Employment Equity plan. The Bank supports the recruitment and advancement of individuals with disabilities. In order for us to fulfill this purpose, candidates can disclose their disability information on a voluntary basis. The Bank will keep this information confidential unless we are required by law to disclose this information to other parties.

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