General Accounting Specialist – Statutory & Management Accounting (12 month Contract) Job at ABB – in Modderfontein, Gauteng
Modderfontein, Gauteng, South Africa
Take your next career step at ABB with a global team that is energizing the transformation of society and industry to achieve a more productive, sustainable future.
At ABB, we have the clear goal of driving diversity and inclusion across all dimensions: gender, LGBTQ+, abilities, ethnicity and generations. Together, we are embarking on a journey where each and every one of us, individually and collectively, welcomes and celebrates individual differences.
ABB Process Automation is writing the future of safe and smart operations. With our deep industry knowledge and automation expertise, we understand the needs of our customers and enable them to lead through safer, more productive, and energy efficient operations.
You will be working as General Accounting Specialist – Financial Statement and will be part of Process Automation Business Area for Finance division based in Modderfontein, South Africa. In this role you will reporting to Local Country Finance Manager and will be responsible for supporting overall financial statement preparation by executing accurate and timely completion of accounting activities in compliance with internal guidelines and procedures and external regulatory requirements.
Compiling and analyzing the data required for mergers, acquisitions, and divestiture projects. Performing integrated revenue and expense analysis and preparing cash flow analysis and detailed forecasting based on the trends.
Applying accounting techniques and standard practices to the classification and recording of financial transactions.
Understanding US GAAP reporting requirements, with a detailed knowledge of IFRS and experience in implementing new standards and supporting the preparation of company tax return and related tax processes.
Executing accounting analysis and coordinating with the Hub to ensure all reporting is completed accurately in a timely manner.
Contributing to the project discussions and providing insight by financial data analysis and executing financial related tasks. Supporting BBBEE process by providing financial information when required.
Participating in internal control testing and preparing relevant documentation and demonstrating good understanding of controls over financial reporting.
Reviewing general ledger reconciliations by applying technical accounting skills and supporting management with assessment of balance sheet and off-balance sheet risk. Performing an overall review of statutory financial statements for management review and seeking ways to implement continuous improvement.
Preparing annual financial statements for all reporting entities and tax supporting schedules for the year end calculations. Understanding and managing all audit adjustments for statutory purposes.
Ensuring compliance with all International Financial Reporting Standards (IFRS) in preparing financial statements and related disclosures.
Liaising with external auditors during the audits and ensuring compliance with Companies Act of South Africa and IFRS for statutory reporting purposes.
Living ABB’s core values of safety and integrity, which means taking responsibility for your own actions while caring for your colleagues and the business.
Bachelor’s degree in commerce with master’s degree in Accounts is mandatory.
Minimum 3-4 years of experience in Financial Reporting & Management Accounting.
Candidates must have experience in ERP systems such as SAP.
Strong technical knowledge in IFRS and US GAAP standards with extensive experience in statutory financial statement software, like CaseWare.
Candidates should have knowledge of financial modeling of forecasting and budgeting.
Strong user experience with Microsoft Office tools, emphasizing on Excel.
Excellent written and verbal communication skills with the ability to influence both internally and externally.
More about us
We look forward to receiving your application. If you want to discover more about ABB, take another look at our website www.abb.com.
Should you be interested in applying for this vacancy and for any additional information please refer to the ABB Career page: https://new.abb.com/careers. Take note, that only application received via the ABB Career page will be considered.
About the Company
Company: ABB –
Company Location: Modderfontein, Gauteng