Financial Accountant

SUMMARY:
A steel processing company is looking for a suitably experienced SAICA qualified Financial Accountant for their operations based outside of the Durban CBD area

POSITION INFO:

Responsibilities

• Oversee the entire accounting function of the company
• Checking and Approval of EFT Payments done by the Bookkeeper
• Approval and Review of:
  • Bank Reconciliations
  • Petty Cash Reconciliations (Weekly)
  • Credit Notes (Cross Check on documentation and reason)
  • Return and Debits (Cross Check on documentation and reason)
  • Journal Entries
  • Prepare stock reconciliations and assist with the stock count procedures’
  • Prepare a daily summary of the Cash Purchases, and Reconcile these Purchases to the Purchases as posted in Pastel
  • Prepare Monthly Petty Cash Reconciliations
  • Process and analyse daily cash flow information
  • Implement Petty Cash policies and also monitor compliance
  • Processing of month-end/ yearend journal entries
  • Preparation of Monthly Intercompany Accounts Balances and Transactions Working Papers
  • Implement and improve existing processes – GL, Reconciliations and Policies
  • Performance Monitoring and Managing of staff
  • Training staff and implementing new controls
  • Improve reporting deadlines and accuracy by motivating the financial team and directing the financial process
  • Prepare regular testing procedures to ensure the completeness of the sales and purchases transactions
  • Prepare month/year-end cut-off procedures to ensure that the sales and purchases is accounted for in the correct period.
  • Completing all Voucher of Correction’s and submitting of documents directly to SARS/ Customs.
  • Prepare and reconcile the following Financial Statement Line Items –
    • Intercompany Balances (Loan, Customer and Supplier) and Transactions (Sales, Purchases, Processing Costs etc.)
    • Fixed Assets Register
    • Completion of Trade Receivable Analysis and Trade Payable Analysis and preparation of individual Reconciliations (Per Customer/ Supplier) where applicable
    • VAT Control Account
    • Preparation of Intercompany Balances and Transactions Confirmations (As art of the Interim and Yearend Audit Procedures)
    • Prepaid Expenses
    • Accruals
    • Deferred Taxation
    • Current Taxation
    • Prepare monthly Management accounts (Discussion Packs) which is discussed monthly with the Branch Manager.
    • Prepare and reconcile VAT control account and completion of VAT201 submissions to SARS
    • Prepare and submit Verification of VAT Declaration Supporting Documentation to SARS (When an audit from SARS side is required.)
    • Compiling of Interim and Yearend Audit Files (Both Electronic and Hard Copy) this file includes the following Working Papers:
      • Risk Assessment Analytical Procedures (Planning and Completion)
      • SPA Assessment (Planning)
      • Off the Shelf Questionnaire (Pastel)
      • Tax Specialist Involvement Assessment (Planning)
      • Estimates Working Paper (Planning)
      • System Descriptions of all major processes
      • Fraud Questionnaires
      • Opening Balance Working Paper
      • Going Concern Working Paper (Completion)
      • Cash Flow Statement Working Paper (Completion)
      • Reconciliations for all Balance Sheet Items and all major Income Statement Items
      • Lead Schedules/AFS Disclosure Reconciliations of all Balance Sheet Items
      • Journal Entry Working Paper – all journal entries documented in detail and split between the different users
      • Completeness Testing Procedures (Sales and Purchases)
      • Cut-Off Testing Procedures (Sales and Purchases)
      • Intercompany Account Balances and Transactions Confirmations
      • Liaising with Auditors, Review Audit findings and adjusting entries
      • Resolving and improving external audit queries
      • Completing Bookkeeper duties when the Bookkeeper is not available
      • Posting of Cash Purchases and completion of Police Register as and when required

Requirements

• Grade 12/Matric

• BCom Accounting degree
• Must have completed SAICA Articles
• Must have 3 – 5 years post articles relevant experience
• Staff Management experience
• In depth knowledge of full IFRS
• In depth knowledge of the Income Tax and VAT Act
• Good knowledge of the Basic Conditions of Employment Act
• Knowledge of the Second-Hand Goods Act would be beneficial
• Good all-round knowledge of inventory
• Advanced computer literacy (Microsoft Office, Pastel Partner, VIP, Lariat/Recycle Prox)
• Good interpersonal and communication skills
• 5 years + Pastel Partner experience is preferred

• SA citizens only

NB! This job is now closed. You can apply for other jobs by uploading your CV.