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Job Description

*Role Responsibilities: Information Systems:
• • The Reporting Accountant and the Financial Controller are the custodians of the Banks financial information systems. The Bank relies on these systems to satisfy the reporting needs of the business, local regulators, the Regional Office and Group Finance division.
  • The Reporting Accountant shall therefore enforce systems controls, to protect this from misuse or abuse. This includes managing the account opening, maintenance, and closing procedures.
Accounting:
• Group Reporting:
  • Ensure that Group reports are prepared and submitted within set deadlines.
  • Effectively respond to queries arising from submitted reports.
  • Ensure that Financial reports to management are accurately prepared and submitted within set deadlines.
• Budgeting:
  • Preparation of budgets and full year forecasts for business support functions.
  • Assist in consolidation and preparation of budget pack for the branch.
• Local Financial reports:
  • Ensure that cost reports are prepared for usage by Cost centre managers.
  • Respond timely to Cost centre manager queries.
  • Perform costs analysis and variance analysis monthly.
  • Review monthly cost bookings for accuracy. Process reallocation entries and work with users to rectify any issues at source.
  • Oversee Chennai hubs and ensure correct reporting.
• Property Support:
  • Act as key support to property for all Finance activities including monthly cost reviews, budgeting forecasting and project accounting.
• Accounts Payable Processing:
• • Provide guidance, advice and assistance in the formulation and issue of instructions to business units and cost centre managers on issues relating to the paying of Suppliers, expense claims etc.
  • Supervise and monitor suppliers payments to ensure that all invoices received in Finance are settled timorously under correct authorization levels.
  • Supervise the overall payments process, including preparation and submission of the resulting accounting entries, on all suppliers invoices.
  • Monitor and give guidance to staff regarding correct allocation of expenditure, authorization limits and efficient processing of suppliers transactions.
  • Ensure record keeping of the above and ensure that all audit trail reports generated in PSGL, vouchers and invoices are properly filed and readily available for audit.
  • Review and ensure correct processing of the foreign exchange payments, cash travel advances and petty cash reimbursements ensuring that no are outstanding for unduly long periods.
• Processing:
• • Sorting post and passing to relevant departments for processing.
  • Preparation of PO s and journals.
  • Requesting of Funding as and when required.
  • Assisting and resolving adhoc queries from management.
  • Ensure that Financial Control Policy is fully complied with.
• Reconciliations:
• • Prepare Journals to clear intersystem reconciling items.
  • Staff Corporate Card amounts utilized are accounted for and the individual CC recons prepared monthly.
  • Ensure reconciliation of the Finance Sundry and Suspense accounts and submitted to the Finance Operations Manager for review monthly.
  • Ensure that open items on Reconciliations are investigated; resolved and no open items are kept open beyond their life span.
  • Ensure FCS accounts are submitted timely.
• Controls:
• • To report unit s OR issues and losses to FORMT.
  • To identify and report all exceptions on non compliance with standard controls.
  • To identify and report all weaknesses inherent in the standard controls.
• Direct and Indirect Taxes:
• • Preparation of workings for South Africa s quarterly IFRS tax reports for the purposes of the financial pack.
  • Prepare forecasts of the tax liabilities in line with the ETR management programme,
  • Prepare tax risk report to the Group Taxation.
  • Country by Country Tax Reporting (ZC9 and ZC10) for bank branch.
  • Capturing of tax risk in Phoenix.
  • Prepare the year-end computations and deferred taxation for the organisation.
  • Preparation of tax accruals and GLRS of tax accounts.
  • Maintain tax asset register for the bank branch in accordance with SARS wear and tear write off periods.
  • Assistance with the VAT Apportionment workings for the bank branch.
  • Preparation and submission of VAT returns for the Bank Branch.
  • Preparation and submission of DWT returns for the Bank Branch.
  • Preparation and submission of STT returns for the Bank Branch.
  • Preparation and submission of tax returns (IT14) for the Bank Branch.
  • Preparation of various tax schedules for tax return purposes.
  • Timely management of tax payments for all tax types.
• Trial Balance Management:
• • Enforce correct chart fields use on the trial balance and provide guidance to the processing team.
  • Coordinate audit and review activities in the payables and processing section.
  • Ensure that Sundry and Suspense accounts reconciliations are correctly and timorously performed, providing analytical reports on Account Payable owned Accounts.
  • Review the Reconciliations and ensure open items are investigated and timorously cleared.
  • Ensure open items are correctly aged and escalations done in line with the FCP requirements.
• Audit:
  • Assist with Internal and external audits.
Regulatory & Business Conduct:
• Display exemplary conduct and live by the Group s Values and Code of Conduct.
• Take personal responsibility for embedding the highest standards of ethics, including regulatory and business conduct, across Standard Chartered Bank. This includes understanding and ensuring compliance with, in letter and spirit, all applicable laws, regulations, guidelines and the Group Code of Conduct.
• Lead the Reporting team to achieve the outcomes set out in the Bank s Conduct Principles
• Effectively and collaboratively identify, escalate, mitigate and resolve risk, conduct and compliance matters.
• SARS and SARB Prudential Authority
• Exercise authorities delegated by the Board of Directors and act in accordance with Articles of Association
Key Stakeholders:
• Manager Financial Reporting
• Head of Business Finance
• Chief Financial Officer
• Head of Tax
Our Ideal Candidate
• Accounting degree.
• Professional qualification CIMA/ACCA/CA an added advantage.
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Keyskills :
keeping things simplefinancial reportingbalance sheetsalesaudit trailaccountsboard of directorsfinancial statementstax reporting