IFRS Specialist: Five Year Fixed-Term

Sandton, South Africa

 

INTERNAL AND EXTERNAL VACANCY: IFRS SPECIALIST: FIVE YEAR FIXED-TERM

CEF SOC

CEF is a Schedule 2 state owned diversified energy company reporting to the Department of Mineral & Petroleum Resources. The Mandate of CEF is to contribute to the security of energy supply of South Africa and the Region through exploration, acquisition, development, marketing and strategic partnership. It is derived from the CEF Act (No 38 of 1977) and the Ministerial directives issued thereafter.

JOB PURPOSE

To assess the transactions on acquisition of energy assets and provide advice on accounting treatment of transactions; participate in the project investment activities and provide accounting advise; review financial statements and related assessment reports

REQUIRED MINIMUM QUALIFICATIONS AND EXPERIENCE

  • Matric and Master's degree (NQF 9) in accounting/tax/investment or equivalent qualifications.
  • Registration with professional bodies as a Chartered Accountant (CA/SA)
  • 8 or more years as a Finance Specialist with experience in the following areas:

    o Provision of IFRIS advise in a large organisation or accounting firm

    o Preparation, supervision and review of financial statements and

    o Provision of advisory and technical guidance for IFRS and Tax

  • Doctorate qualification (NQF 10) in accounting will serve as an added advantage.

 

DESIRED ADDITIONAL SKILLS/ COMPETENCIES

  • Extensive knowledge of IFRS and financial reporting standards
  • Advanced knowledge of accounting principles 
  • Sound knowledge of applicable legislation and regulations i.e. CEF Act, PFMA and Treasury regulations
  • Ability to analyse complex transactions
  • Problem-solving skills, Excellent communication and presentation skills
  • Ability to interact at different managerial levels
  • Negotiations skills and ability to work with different teams 
  • Ability to work under pressure and ability to coordinate complex exercises
  • Ability to manage people and workflow
  • Attention to details and Time management skills
  • Strategic thinking and decision making
  • Communication skills and Interpersonal Skills
  • Stakeholder Engagement & Collaboration,
  • Continuous Improvement & Quality Orientation
  • Service orientated, Ethical Conduct & Professional Integrity

KEY PERFORMANCE INDICATORS

Financial Reporting

  • Participate in the project investment processes to establish accounting treatment of transactions from project inception
  • Prepare reports on accounting treatment of transactions in preparation for AFS
  • Perform analysis of different transactions and prepare submissions to CFO for approval
  • Guide the preparation of the consolidated and companies Annual Financial Statements:

    o    Guide the process of preparation of AFS taking into account the analyses performed in-year and 

          supporting documents collated.

    o    Facilitate the provision of AFS review input from the external stakeholders.

    o    Review the financial statements and trial balances and provide commentary for submission to 

          the CFO.

    o    Ensure submission of AFS to external reviewer for quality assurance.

Assessments and calculations

  • Prepare all accounting assessments required for preparation of AFS
  • Collaborate with external service providers to review all assessments done on transactions
  • Review calculations prepared for input into the IFS and AFS
  • Review the work performed by external accounting services and provide guidance and recommendations.

Accounting Policies

  • Develop and review accounting policies in accordance with the appropriate accounting standards (IFRIS)
  • Facilitate the communication of financial policies and procedures across the Group
  • Promote continuous improvement and compliance to financial policies and procedures
  • Monitor compliance to IFRS and National Treasury reporting guidelines

Audit Process Facilitation

  • Ensure all supporting documents for transactions are ready for submission with AFS
  • Coordinate Internal and External Auditor processes
  • Monitor that internal and external audit requests are communicated to the right people and that information has been provided timeously
  • Coordinate and review responses to audit findings from both internal and external auditors.

Stakeholder management

  • Ensure availability of external accounting support
  • Facilitate meetings with external accounting support and ensure alignment of assessments
  • Assess performance of the external accounting support services and recommend improvements
  • Conduct extensive research on improvement of accounting processes and advise on any required changes to the accounting treatment of transactions and improvement in processes
  •  Track transactions and highlight outliers and provide guidance to affected stakeholders


Published date:  10 December 2025

Closing date:     19 December 2025

 

NOTE: The successful candidate/s for the advertised position/s will be required to undergo personnel suitability checks, which includes, criminal records, citizenship, financial checks, qualifications and previous employment (Reference checks). It is the responsibility of the applicant to make sure that foreign qualifications are evaluated by the South African Qualifications Authority and the evaluation certificate is attached to the application on submission. If you do not hear from the CEF SOC three months after the closing date of the advertisement, consider your application unsuccessful.  CEF SOC reserves the right to not fill this position. CEF SOC is an equal employment opportunity and affirmative action employer, and it is committed to the achievement and maintenance of diversity and equity in employment, especially in respect of race, gender and disability. This position will be filled in accordance with the CEF SOC Employment Equity Plan.