SAICA​/CIMA Trainee Accountant

Empowering Africa’s tomorrow, together…one story at a time.

With over 100 years of rich history and strongly positioned as a local bank with regional and international expertise, a career with our family offers the opportunity to be part of this exciting growth journey, to reset our future and shape our destiny as a proudly African group.

Accountability:
Accounting and External Reporting

• Decide on the appropriate accounting framework based on the entity’s financial reporting needs and the stakeholders identified.
• Select and evaluate accounting policies within the appropriate accounting framework that most fairly present the financial situation.
• Develop and evaluate accounting policies in accordance with the accounting framework.
• Analyze and calculate or evaluate the accounting for routine transactions, for example sales, cost of sales, operating expenses, etc.
• Analyze and calculate or evaluate the accounting for non-routine transactions, for example mergers and acquisitions, divestitures, provisions etc.
• Perform and evaluate reconciliations of financial information (e.g. bank reconciliations, accounts payable reconciliation, general ledger control account reconciliations, reconciliations between management accounts and the general ledger, etc.)
• Prepare and evaluate financial statements in accordance with the identified accounting framework.
• Prepare and evaluate notes to the financial statements in accordance with the identified accounting frameworks.
• Prepare or evaluate the non-financial information in the annual financial statements, e.g. Directors’ Report, Corporate Governance Report, Sustainability Report.
• Calculate profitability, efficiency (activity), solvency and liquidity ratios from the financial statements.
• Based on the ratios calculated, analyze and explain the financial performance of the business, and provides.
• recommendations from analysis to business unit manager.

Accountability:
Financial Management

• Evaluate and document the entity's/business unit's financial position (for example, using financial analysis, ratio analysis, trend analysis and/or cash flow analysis).
• Document, for review and input by colleagues recommendations for improving the performance of the entity/business unit, based on the analysis performed.
• Prepare and evaluate a cash flow forecast for an entity/business unit.
• Identify possible action plans where there may be a cash shortfall or excess funds and documents, for review and input by others.
• Analyze and document the entity's/business unit’s current working capital position or components of it (for example, inventory, accounts receivable or payable management) and documents recommendations for improvement.
• Recommend, for review and input by others, improvements to working capital management.
• Analyze and document an entity’s/business unit’s funding needs
• Identify and evaluate for input and review by others, sources of funding to meet the entity’s/business unit’s funding needs.
• Identify the need for and evaluate on a preliminary basis, the use of derivatives in managing an entity’s/business unit’s funding needs.
• Analyze and comment on a business plan or financial proposal.
• Document the opportunities, risks and financial implications associated with the replacement or acquisition of a capital asset.
• Document the financial implications of the investment decision using the appropriate capital budgeting techniques.
• Document or present recommendations on the replacement or acquisition of a capital asset to business unit manager.
• Calculate a reasonable range of values for a business, using a combination of valuation techniques.
• Identify the critical assumptions and facts that underlie the valuation estimate including factors affecting the…