Website Truworths
Truworths is a market-leading fashion apparel retailer in South Africa offering internationally inspired clothing and footwear for ladies, men, teenagers and kids across a diversified portfolio of its own exclusive brands. 1 Mostert Street, CBD, Cape Town, 8001
Job Description
An exciting opportunity exists in the Group’s finance team based in Cape Town, South Africa, for a dynamic, energetic and experienced qualified CA (SA) to head up the Group’s technical accounting function, in addition to a number of operational areas and strategic projects. It offers the successful applicant an opportunity to become part of a dynamic team in a fast-paced retail environment that fosters a culture of innovation, collaboration, personal development and excellence.
Key Responsibilities
Technical accounting
Assume responsibility for all technical accounting matters, including the implementation and oversight of new accounting standards
Member of the Group accounting forum, which is responsible for overseeing the accounting treatment, processes and preparation of financial statements of the Group and subsidiary companies
Oversee the preparation and review of the Group and subsidiary company annual financial statements, ensuring best-in-class financial reporting, IFRS compliance and technical accuracy within a tight reporting timetable. This includes the preparation of accounting policies, disclosure frameworks, selected note disclosure and facilitating the external audit review.
Facilitate the technical review by external auditors of the Group and subsidiary company annual financial statements
Responsible for maintaining the financial reporting control framework for purposes of the CEO/CFO attestation as required in terms of the JSE Listings requirements
Share schemes
Responsible for all share scheme and related accounting, including reconciliations
Prepare share scheme disclosure for Group and subsidiary company annual financial statements
Prepare share scheme workings and reconciliation for the Group tax team to facilitate income tax calculations and returns
Maintain the data in the accounting package used for share-based payment accounting, including the reconciliation to the share scheme system
Assist with the preparation and review of the calculation of diluted number of shares in issue
Accounting for the Group’s share scheme trust
Funding
Participate in funding negotiations and review of funding agreements
Monitor covenant compliance and report back to lenders
Report to board and investment committee on covenant compliance and funding costs
Review all related reconciliations
Merchandise imports
Oversee the finance imports (shipping) function and provide guidance and support to the team
Review all journals, reconciliations and monthly profit & loss/trading reports
Check and approve import clearing agent invoices and payments
Report to investment committee on foreign exchange exposures
Report to tax forum on import VAT and duty compliance
Merchandise accounts payable
Oversee the merchandise accounts payable function and provide guidance and support to the teams
Review all reconciliations and ad hoc transactions
Sundry debtors
Oversee sundry debtors team and provide guidance and support to the team
Review all journals and reconciliations
Responsible for monitoring and reporting on all sundry loans/advances to suppliers and the Group’s supplier development fund
Ad hoc/strategic projects
Participate in and support the delivery of ad hoc and strategic projects that support the Group’s strategic objectives
Qualifications and Experience
CA (SA)
Currently the candidate should at least be at a Finance Manager level in a public listed company of a similar size, and ideally within retail or similar sector
Extensive experience (at least 10 years post articles or more) and successful track record of working in a complex financial environment, at this level
Highly numerate with a professional understanding of technical accounting standards, financial statements and reporting, and financial controls
Experience in credit retail would be an advantage
Competencies
High level of energy, drive and pace associated with working in a highly dynamic and fast-paced fashion environment
Good interpersonal, communication and organisational skills
High attention to detail
The ability to work under pressure and to strict deadlines
Resilient, tenacious and assertive
Good analytical and problem solving skills
Exceptional technical skills
Deadline:8th August,2025
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