Balance Sheet Substantiation & Assets Specialist

Balance Sheet Substantiation & Assets Specialist - (799)

Location:

Rosebank - Johannesburg, 2196 ZA (Primary)

Job Type: Permanent

Department:
Finance

Description:

Pay Inc is a purpose-driven payments provider building on over 50 years of trusted history in South Africa’s payments ecosystem. Our mission is to connect people, businesses, and economies through secure, efficient and inclusive digital payments infrastructure and be a catalyst for financial inclusion and economic growth. From EFTs and cards to Pay Shap, Pay Inc provides the backbone that enables money to move safely across the economy.

At our core, we exist to make great connections, empowering participation, enabling growth, and ensuring no one is left behind.

PURPOSE
The purpose of this role is to ensure the integrity, accuracy, and audit-readiness of the organisation’s balance sheet, through robust substantiation, disciplined financial control, and effective asset management.

The role is accountable for:

• Ensuring all balance sheet accounts are fully reconciled, substantiated, and supported on a timely basis
• Maintaining a true and fair view of financial position, in compliance with IFRS, regulatory, and internal control requirements
• Owning the end-to-end asset accounting lifecycle, ensuring effective capitalisation, tracking, and reporting of asset-related investments
• Strengthening the financial control environment, minimising risk of misstatement, and enabling high-quality audit outcomes

This role operates at the core of Financial Control, partnering across Finance, Treasury, Tax, and the business to drive control excellence, transparency, and decision-useful insights.

You will engage with the following stakeholders:

• Internal
• Business Unit Managers
• Finance Business Partners (Reporting)

• External
• Auditors
• South African Revenue Service (SARS)
• Executive Management (including CFO)
• Regulatory bodies (where applicable)

Your key responsibilities include:

• Own the end-to-end substantiation of assigned balance sheet accounts, ensuring completeness, accuracy, and validity
• Perform monthly reconciliations, substantiation, and formal sign-off in line with financial close timelines
• Identify, investigate, and resolve reconciling items and discrepancies, ensuring timely clearance
• Maintain and track ageing of unreconciled items, driving resolution and escalation where required
• Ensure all balances are supported by adequate, audit-ready documentation
• Drive standardization of reconciliation methodologies, templates, and supporting documentation
• Provide clear explanations of balance movements, variances, and anomalies
• Maintain the Asset Management module, including reconciliations and reporting
• Partner with business units to verify existence of assets and conduct asset counts
• Perform asset impairment testing and review useful lives in collaboration with business units
• Manage fixed asset processes end-to-end (purchase order to trial balance allocation)
• Recommend improvements to fixed asset accounting policies
• Prepare audit schedules and support internal and external audit processes
• Provide reconciliations and supporting documentation for audit samples
• Ensure timely closure of the Asset Management module

Financial Control, Audit & Assurance

• Ensure all balance sheet accounts comply with IFRS, internal accounting policies, and regulatory requirements
• Maintain audit-ready working papers and supporting schedules for all substantiated balances
• Act as a key point of contact for internal and external audit on balance sheet and asset-related matters
• Proactively identify control gaps, risks, and potential misstatements, and implement corrective actions
• Strengthen and continuously improve the financial control framework, ensuring sustainability and scalability
• Support timely and high-quality financial close, ensuring completeness and integrity of financial data

General Ledger Integrity & Financial Reporting Support

• Support the maintenance of a complete, accurate, and reliable General Ledger
• Review and validate journals impacting balance sheet accounts, ensuring correct classification and accounting treatment
• Ensure alignment between sub-ledgers, reconciliations, and financial reporting outputs
• Support…