|Location||Cape Town, South Africa|
|Date Posted||Nov 5, 2020|
Accounting Finance Jobs
Key performance areas:
Manage day to day modifications to ensure that accounting entries comply with IFRS16.
Manage stakeholder relationships with the Contract Management team and be comfortable with contract interpretation on aspects that impact IFRS16.
Report to top management on how IFRS16 impacts the financial results and be comfortable with the parameters that are impacting the valuation of the RoU asset and the Lease Liability.
Maintain SAP conditions to ensure that the required accounting result is achieved.
Manage and Review of Business Rules w.r.t IFRS16 valuation (in conjunction with the Contract Management Team).
Stakeholder management on managing of Business rules with Contract Management team and the auditors.
Maintenance of the Business Rules on the SAP solution to ensure accurate valuation.
Manage contract changes and apply the correct valuation changes accordingly.
Review valuation rules based on daily modifications and make the necessary changes.
Review ROI and apply business rules to determine the renewal options to be selected IBR calculation an application.
Perform Valuation (Executing valuation simulation, reviewing valuation cash flow).
Update valuation postings and review accounting entries.
Reconciliation between rental payment and clearing of Lease Liability.
Continuously investigate rental payments and considering potential IFRS16 leases.
Straight lining periodic payment.
Manage Impairments of Right of Use (RE-FX) assets on SAP after collaboration with Group Finance.
Reporting on Right of Use Asset and Lease Liability.
Analyse the results and perform reasonability checks (i.e. Impairments, Depreciation).
BPC Uploads and reconciliations.
Annual Financial Statement disclosure.
The successful candidate must have:
Matric with a relevant Accounting Degree
Registration as a CA(SA)
Expert knowledge on IFRS16
SAP RE-FX experience will be advantageous
Good interpersonal skills (Stakeholders involve Operation Contract Management team, Group Finance, Auditors, Top Management)
Knowledge and understanding of currency impacts for Lease Liability revaluations