TFG Vacancies 2023 Bloemfontein – Accountant

Website The Foschini Group - TFG

Job Description:

With a vision to be the leading fashion lifestyle retailer in Africa whilst growing our international footprint, The Foschini Group (TFG) currently trades out of 215 stores in Namibia‚ Botswana‚ Zambia‚ Lesotho‚ Eswatini.Reporting into the Manager Financial Accountant within the Group Accounting and Reporting Centre of Excellence, this role is responsible for the general accounting activities associated with the various African entities, including the determination and processing of various charges and journals, supporting analysis and management reporting, preparation of statutory financial statements and supporting workpapers, and submission of statutory returns. Assisting with group reporting team with monthly and consolidation processes as well as ongoing projects.

Job Responsibilities:

  • Prepare and maintain transfer pricing calculations for service fees and cost mark-up on merchandise and review calculations of IT fees.
  • Assist with preparation of transfer pricing files per legal entity.
  • Assistance with re-projections and budgeting where required (legal entity & group)
  • Prepare external reporting required by regulators and central banks
  • Monitoring of intercompany loan accounts
  • Prepare statutory financial statements for all African legal entities
  • Prepare interim and year end workpapers and liaise with external auditors in South Africa and different African jurisdictions
  • Ensure that consideration is given to the required disclosures from other functional areas such as treasury, tax, payroll, IFRS 16, etc.
  • Prepare and review all trial balances and net profit for African entities
  • Prepare impairment calculations for fixed assets and IFRS 16 right-of-use assets.
  • Review and support the central stock team in calculating closing stock and gross profit per legal entity.
  • Calculate and invoice all intercompany fees on a quarterly basis
  • Assist with withholding tax journals relating to intercompany fees

Job Requirements:

  • Knowledge of SAP and Caseware (advantage)
  • Exposure to transfer pricing (advantage)
  • 2-4 years post qualification and accounting experience (advantage)
  • Exposure to accounting, tax and regulatory reporting in countries outside of South Africa and in Retail (advantage)

Qualification & Experience:

  • CA(SA)

Job Details:

Company: The Foschini Group – TFG

Vacancy Type:  Full Time

Job Location: Cape Town North, Western Cape, SA

Application Deadline: N/A

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