Financial Accountant

Responsibilities

• General Ledger
• Work closely with Maisons and Functions to gather, analyses and interpret financial information and where appropriate provide insights that aid Maisons and Functions decision making.
• Analyze general ledger accounts, calculate accruals in compliance with IFRS and Richemont's financial policies and procedures, ensuring all entries are booked withing the target dates for reporting.
• Update, review and reconcile general ledger accounts in accordance with Richemont's Balance Sheet Schedule, identifying and investigating variances and outstanding items.
• Prepare and post entries for prepayments, and accruals working closely with Maisons and the Financial Planning and Analysis team to ensure information is accurate and up to date.
• Support the sales interface, reconciliation and adjustments as per IFRS and Richemont's financial policies and procedures ensuring that adjustments include supporting documentation.
• Review, check and support the daily interface of wholesale and retail sales in SAP and coordinate with the respective Teams for an issues.
• Keep detailed records and supporting documents for all entries, properly filed in the Finance document storage system.
• Perform vendor statement of accounts reconciliation as required in conjunction with the AP Controller.
• Review open purchase orders and invoices awaiting approval and work closely with the Accounts Payable and Procurement Team to resolve aged items.
• Prepare bank reconciliation schedules, identify and investigate variances for correcting.
• Run depreciation and create fixed assets reports monthly including the CAPEX Management Report.
• Lease Accounting and Reporting
• Maintain and update lease agreements, working closing with the Richemont Real Estates function to ensure SAP data is correct and in line with IFRS 16 standard
• Perform monthly valuation run and post related adjusting entries and ensure appropriate reporting in BCS
• Coordinate and raise technical issues

Additional Information

Richemont, one of the world leaders in the luxury sector, has various Houses specializing in jewelry, watches and high-end accessories. Each Maison proudly embodies a tradition of style, quality and craftsmanship and Richemont strives to preserve the heritage and identity specific to each of them. At the same time, we are committed to innovating and designing new products in line with the values of our Houses, through a process of permanent creativity. RLG Africa maisons encompass several of the most prestigious names in the luxury industry including Cartier, Piaget, Vacheron Constantin, Jaeger-LeCoultre, IWC, Panerai and Montblanc. WORK ENVIRONMENT & CULTURE Richemont is offering you a great opportunity to work in a reputable and professional leading Company in the Luxury Industry. Become part of a Creative, Ambitious & Diverse team to propel your career development within our organization. Richemont is a Switzerland-based luxury goods holding company founded in 1988. It is a family-spirited Group, enabling its Maisons and businesses to grow while staying true to their heritage and owns several of the world's leading companies in the field of luxury goods, with particular strengths in jewellery, luxury watches and writing instruments. At Richemont, our true power does not lie in our similarities but in the rich diversity of our arts, cultures, and human skills, as well as our specific ability to foster untapped potential. Joining us will positively push the boundaries of your career. MAIN PURPOSE As a part of the FC&R General Ledger team, the Financial Accountant is responsible for ensuring the accuracy and compliance of financial data in accordance with international accounting standards and Richemont policies. A key focus of the role is analysing and interpreting financial information in conjunction with Richemont Functions and Maisons to support the performance and position of the company. The Financial Accountant will support the monthly closing process across multiple areas as part of a collaborative team and work to continually improve the efficiency of processes and practices. The overview duties of the position include: - Ensuring financial information is accurate and complies with IFRS, South African regulatory standards and Richemont's financial policies and procedures. - Conducting reviews of general ledger accounts to verify the accuracy of financial information, providing assurance that the accounting practices adhere to regulations, and perform general ledger account reconciliations. - Posting general ledger entries that have been reviewed and verified and include supporting information. - Entering financial data into general ledger accounts on a monthly basis, and preparing reports that support the decision-making processes of Maisons and Functions. - Continually reviewing processes and procedures to identify improvements and advances that increase processing efficiency and the controls in place to minimize risk.

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