Job Summary

Rand Water seeks a meticulous and technically proficient Group Reporting Accountant to join its Finance Division. This pivotal role involves preparing and consolidating financial statements in compliance with International Financial Reporting Standards (IFRS), the Public Finance Management Act (PFMA), and other relevant regulations. The successful candidate will play a key role in ensuring the accuracy and integrity of financial reporting across the organization.

Key Responsibilities

• Preparation and Consolidation of Financial Statements:

  • Prepare separate and consolidated financial statements in accordance with IFRS, PFMA, and other applicable regulations.

  • Ensure timely submission of accurate financial reports to stakeholders and regulatory authorities.

  • Implement disclosure enhancements based on JSE Proactive Monitoring and IFRS updates.

• Trial Balance Management and Review:

  • Maintain accuracy and integrity of the trial balance for the organization and subsidiaries.

  • Review and approve SAP Trial Balance structural changes.

• Financial Compliance and Internal Controls:

  • Ensure adherence to the Accounting Policy Manual and internal control procedures.

  • Assess and update compliance processes to reflect regulatory changes.

• Business Partnering and Financial Advisory:

  • Partner with business units to provide accounting guidance and support decision-making.

  • Respond to complex financial queries with IFRS-aligned solutions.

• Budgeting and Expenditure Monitoring:

  • Participate in budgeting processes and monitor performance against the budget.

  • Analyze and explain budget variances.

• Audit Management and Assurance Support:

  • Lead audit readiness initiatives and support both internal and external audits.

  • Coordinate audit documentation and responses to findings.

• Strategic and Operational Reporting Projects:

  • Drive financial reporting improvement initiatives and IFRS implementations.

  • Align reporting outcomes with Group Finance strategy.

• Policy Management and Continuous Improvement:

  • Update and communicate changes to the Accounting Policy Manual.

  • Ensure consistent application of accounting policies across all units.

• Risk Management and Governance:

  • Identify, assess, and report financial reporting risks.

  • Implement mitigation actions and monitor effectiveness.

• Documentation and Records Management:

  • Maintain audit-ready electronic and manual records.

  • Ensure compliance with record retention policies.

Required Skills and Qualifications

• Educational Requirements:

  • A Degree in Accounting or Finance (NQF Level 7).

  • Completed SAICA or SAIPA articles.

• Professional Registration:

  • Professional registration (e.g., CA(SA), PA(SA)) is advantageous.

• Experience:

  • Minimum of 3–5 years of experience in a Financial Reporting environment.

• Technical Skills:

  • Proficiency in Microsoft Office Suite.

  • SAP (FI Module) experience; Caseware exposure and experience with National Treasury templates is advantageous.

• Knowledge:

  • Solid understanding of PFMA, VAT Act, IFRS, and National Treasury Reporting Framework.

Experience

• Financial Reporting:

  • Demonstrated experience in preparing and consolidating financial statements in compliance with IFRS and other relevant regulations.

• Audit Coordination:

  • Experience in leading audit readiness initiatives and supporting both internal and external audits.

• Budgeting and Forecasting:

  • Involvement in budgeting processes and monitoring performance against the budget.

Working Hours

• Standard working hours are from 08:00 AM to 05:00 PM, Monday to Friday.

• Occasional overtime may be required to meet reporting deadlines.

Knowledge, Skills, and Abilities

• Technical Knowledge:

  • In-depth knowledge of IFRS, PFMA, VAT legislation, and Treasury regulations.

• Analytical Skills:

  • Strong analytical and problem-solving abilities.

  • High-level analytical and problem-solving skills.

• Attention to Detail:

  • Excellent attention to detail.

• Communication Skills:

  • Excellent communication skills.

• Time Management:

  • Strong time management and ability to prioritize.

• Policy Application:

  • Ability to apply financial standards and policies.

• Stakeholder Communication:

  • Ability to explain complex standards to non-financial users.

Benefits

• Compensation:

  • Competitive salary commensurate with experience.

• Healthcare:

  • Comprehensive medical aid options.

• Retirement Plans:

  • Access to retirement savings plans.

• Professional Development:

  • Opportunities for continuous professional development and training.

• Work-Life Balance:

  • Supportive work environment promoting work-life balance.

Why Join Rand Water?

• Mission-Driven Organization:

  • Contribute to the provision of sustainable water solutions to communities across South Africa.

• Professional Growth:

  • Opportunities to develop and enhance your professional skills in a dynamic environment.

• Collaborative Culture:

  • Work within a team-oriented and supportive workplace culture.

• Commitment to Excellence:

  • Be part of an organization committed to excellence and innovation in the water sector.

How to Apply

Interested candidates are invited to submit their applications through Rand Water's official recruitment portal: Rand Water eRecruit. Please ensure that your application includes a comprehensive CV and a cover letter outlining your suitability for the role.