Financial Accountant

SUMMARY:
Our client based in the Northern Suburbs is looking for a Financial Accountant to join their team.

As the Financial Accountant, you'll manage and maintain company records, focus on Fixed Assets, Insurance and Stock.

POSITION INFO:
Requirements:

• Matric
• BCom Accounting Degree or relevant degree
• 3-5 years experience in an Accountant or similar position
• Microsoft Excel - Advanced
• Microsoft Word - Intermediate
• Strong numerical and analytical skills

• IFRS and Generally Accepted Accounting Principles
• Income tax and VAT Laws
• Company laws
• SA Foreign Exchange laws
• Knowledge of insurance practices

• Fixed Assets and Stock
  • Update and maintain Fixed Asset Register (FAR).
  • Update and maintain Insurance sheet.
  • Calculate and journalize depreciation on assets.
  • Review insurance policy every three months and keep updated and communicate with appropriate managers.
  • Handle all insurance claims and processing of appropriate journals.
  • Supply the monthly split between applicable entities’ insurance premium for the finance recharges.
  • Adhoc accounting journals when needed.
  • Scrutinize all invoices being paid to confirm that all assets were captured to the relevant Balance Sheet accounts and insured if necessary.
  • Monthly capture stock journals for all business units and check accuracy and completeness of information.
• Bank management
  • Load online payments as per payment run schedule and ensure that the previous payments were released.
  • Save proof of payments of all payments on finance network.
  • Manage balances of bank accounts to earn maximum interest (Money Market).
  • Print bank statements daily and save on finance drive for access to all necessary parties.
  • Reconciliation of all bank accounts by 3rd working day of the following month.
  • Send bank balances to MD and FM weekly on Fridays.
  • Loading of 3G Data.
  • Other admin related tasks with regards to banking partner.
• Fleet Cards and Credit Card
  • Reconcile and capture the monthly fleet card statement.
  • Reconcile and capture the monthly credit card statement.
  • Manage all credit card transactions and recon.
• Month-end reporting
  • In tandem with other accountants’ review Profit and Loss by Business Unit before compiling the management accounts to ensure all transactions were allocated to the correct GL and Business unit.
  • Monthly Tax Provisions.
  • Balance Sheet reconciliations.
  • Intercompany invoices and reconciliation of intercompany loan accounts.
  • Provisions if applicable.
  • Processing of monthly fixed recharges.
• Commission calculations and payouts
  • Calculate commissions payable to Stakeholders and CRE’s by the 25th of each month.
  • Communicate commission breakdown to HR and CRE’s.
  • Capture invoices.
• Communication with teams on their recharges, expenses and sales
  • Send out the GL and Income Statement for each Business Unit after the month-end management reports have been finalized.
• VAT for the Group
  • Calculate, reconcile, and complete VAT return on e-filing timely every month for the applicable companies.
  • Keep updated on any SARS communication received with regards to VAT and liaise with SARS with regards to unpaid VAT claims and SARS reviews.