MANAGEMENT ACCOUNTANT
First National Bank of Lesotho Limited (FNBL) a highly recognised financial services provider in Lesotho seeks to employ a proactive, innovative, self driven and highly motivated Mosotho to occupy the position of Management Accountant. This position is based in Maseru.
JOB PURPOSE:
Responsible for preparing monthly, quarterly and annual financial reports for divisions of the bank. Also has the responsibility for distribution of these reports to all stakeholders.
Key Responsibilities;
Reporting to the Chief Financial Officer, the incumbent shall be responsible for the following;
•Preparation of monthly management accounts that include:
-Group consolidation web-based reporting through Hyperion Financial Management (HFM) software:
-FNB Lesotho EXCO Financial Report (Excel and PowerPoint based)
-FirstRand Abridged Management Accounts (Excel and PowerPoint based)
-FNB Lesotho Divisional Management Account
•Divisional and bank profitability monitoring (key revenue and expense accounts monitoring.
•Preparation of annual divisional income statement and balance sheet budgets
•Calculation of monthly divisional funds transfer pricing and overhead cost allocation.
•Calculation of monthly IFRS Credit provision requirements
•Calculation of periodic IFRS adjustments as driven by developments in the latest accounting standards.
•Calculation of periodic tax and deferred tax provisions
•Monitoring of all expense accounts and preparation of monthly suspense accounts summaries for EXCO Reporting
•Daily monitoring of key Head Office suspense accounts
•Assist in the preparation of the bank’s annual financial statements
Weekly monitoring of key subsidiary systems to the General Ledger (especially WesBank and Credit)
•First level review of Weekly Regulatory Reports and Reconciliation of monthly Regulatory Reports to Monthly Management Accounts (Regulatory reports include both Central Bank of Lesotho and South African Reserve Bank reporting
• Part approval of journal prepared by the General Ledger Controller
• Implement General ledger controls and suspense account management
•Attend to internal financial information requests
•Ad-hoc FirstRand Group Projects as assigned by the CFO
•Provision of support to internal and external audit teams
•Finance-related projects as assigned by the CFO
Qualifications and Knowledge Experience;
•Minimum Bachelor of Commerce (Accounting) with Audit Articles in a registered professional Firm of Chartered Accountants and should be registered with the Lesotho Institute of Accountants (LIA)
•Preferred qualification - ACCA and Chartered Accountant designation and registration with LIA
•Knowledge of management information systems
Competencies and Skills;
•Ability to work under pressure
•Strong inter-personal, analytical and writing skills
•Demonstrate creativity and innovation
•Identify problems and solve then effectively
Application letters accompanied by a detailed curriculum vitae and names and contact details of three referees must be sent to:
The Head of Human Resources
First National Bank Lesotho – Limited
Corner Kingsway and Parliament
Maseru
100
OR Email: mmoiloa@fnb.co.za
The Closing date for applications is 27th June 2014.
DISCLAIMER: ONLY SUCCESSFUL CANDIDATES WILL BE CONTACTED.
First National Bank of Lesotho Limited (FNBL) a highly recognised financial services provider in Lesotho seeks to employ a proactive, innovative, self driven and highly motivated Mosotho to occupy the position of Management Accountant. This position is based in Maseru.
JOB PURPOSE:
Responsible for preparing monthly, quarterly and annual financial reports for divisions of the bank. Also has the responsibility for distribution of these reports to all stakeholders.
Key Responsibilities;
Reporting to the Chief Financial Officer, the incumbent shall be responsible for the following;
•Preparation of monthly management accounts that include:
-Group consolidation web-based reporting through Hyperion Financial Management (HFM) software:
-FNB Lesotho EXCO Financial Report (Excel and PowerPoint based)
-FirstRand Abridged Management Accounts (Excel and PowerPoint based)
-FNB Lesotho Divisional Management Account
•Divisional and bank profitability monitoring (key revenue and expense accounts monitoring.
•Preparation of annual divisional income statement and balance sheet budgets
•Calculation of monthly divisional funds transfer pricing and overhead cost allocation.
•Calculation of monthly IFRS Credit provision requirements
•Calculation of periodic IFRS adjustments as driven by developments in the latest accounting standards.
•Calculation of periodic tax and deferred tax provisions
•Monitoring of all expense accounts and preparation of monthly suspense accounts summaries for EXCO Reporting
•Daily monitoring of key Head Office suspense accounts
•Assist in the preparation of the bank’s annual financial statements
Weekly monitoring of key subsidiary systems to the General Ledger (especially WesBank and Credit)
•First level review of Weekly Regulatory Reports and Reconciliation of monthly Regulatory Reports to Monthly Management Accounts (Regulatory reports include both Central Bank of Lesotho and South African Reserve Bank reporting
• Part approval of journal prepared by the General Ledger Controller
• Implement General ledger controls and suspense account management
•Attend to internal financial information requests
•Ad-hoc FirstRand Group Projects as assigned by the CFO
•Provision of support to internal and external audit teams
•Finance-related projects as assigned by the CFO
Qualifications and Knowledge Experience;
•Minimum Bachelor of Commerce (Accounting) with Audit Articles in a registered professional Firm of Chartered Accountants and should be registered with the Lesotho Institute of Accountants (LIA)
•Preferred qualification - ACCA and Chartered Accountant designation and registration with LIA
•Knowledge of management information systems
Competencies and Skills;
•Ability to work under pressure
•Strong inter-personal, analytical and writing skills
•Demonstrate creativity and innovation
•Identify problems and solve then effectively
Application letters accompanied by a detailed curriculum vitae and names and contact details of three referees must be sent to:
The Head of Human Resources
First National Bank Lesotho – Limited
Corner Kingsway and Parliament
Maseru
100
OR Email: mmoiloa@fnb.co.za
The Closing date for applications is 27th June 2014.
DISCLAIMER: ONLY SUCCESSFUL CANDIDATES WILL BE CONTACTED.
