Audit Specialist – Financials (6 month FTC)

Job Purpose

Reporting directly to the Chief Financial Officer. To review current South African Airways Technical (SAAT) practices in the preparation of annual financial statements (AFS) as well as the integrated annual report (IAR) and identify flaws (or assess adequacy) in the processes and audit gaps. Make recommendations on how audit gaps should be addressed. Assist in ensuring the SAAT AFS and IAR are compliant with International Financial Reporting Standards (IFRS) and other standards such as King V on corporate governance.

Principal Accountabilities

1. Document SAAT processes on AFS and IAR

a) Obtain the knowledge and understanding of current SAAT AFS and IAR report practices and thus properly document SAAT practices.

b) Identify and diagnose any flaws in SAAT AFS and IAR practices.

c) Assess any potential audit gaps that could result in new audit findings and propose suitable remediation.

d) Document AFS and IAR process flow from ''cradle to grave''

e) Establish the appropriateness of the nature of journal entries processed in all the SAAT General Ledger accounts.

2. Investigate and close out to the satisfaction of senior management and the auditors any communicated audit findings

a) Take the lead in reviewing and understanding the nature of all AFS and IAR items communicated repeat audit findings and perform the necessary investigation to establish root

causes and effects

b) Review and understand the nature of all AFS and IAR items communicated new audit findings and perform the necessary investigation

c) Propose plan of action to address communicated audit findings as well as mitigating measures to avoid re-occurrence

3. Provide best practice on asset management for inventory and PPE

a) Conduct and document research to establish best practice as far as AFS and IAR preparation is concerned

b) Develop or assist in developing and maintaining an accounting manual for AFS and IAR preparation

c) Review finance policies and standard operating procedures that affect AFS elements

d) Develop and/or review suitability and effectiveness of internal controls

4. Annual financial statements cleanup

a) Make meaningful contributions to the Audit Health Plan

b) Supervise execution of the initiatives and/or objectives of the Audit Health Plan

c) Engage with the auditors and resolve or assist in resolving communicated audit findings

5. Adhoc duties

a) Take additional tasks that may be necessary to ensure that the annual financial statements are not materially misstated

Qualifications & Experience

CA (SA) or equivalent - Essential

Plus minimum 7 years’ experience as defined below - Essential

Knowledge and Skills

Sound knowledge of SAP system

Sound knowledge of International Financial Reporting Standards (IFRS)

Internal controls

Research and benchmarking skills

Industry related knowledge

Leadership

Interpersonal Skills

Communication Skills

Conflict Management

Financial Management

Project Management Knowledge

Attributes

Analytical Thinking

Conceptual Thinking

Information Seeking

Achievement Orientation

Initiative

Organizational Awareness

Impact and Influence

Teamwork and Cooperation

Customer Service Orientation

Integrity

Additional Information