GL and Treasury Accountant

SUMMARY:
La Mercy - A leading global retail marketing company seeks a dedicated and skilled GL & Treasury Accountant to join their Finance Department.

This role focuses on ensuring financial accuracy, integrity, and efficiency while managing treasury functions and maintaining compliance with accounting standards and internal controls.

POSITION INFO:
Responsibilities:
Team Management:

• Guide and support a small team of staff.
• Provide on-the-job training and mentorship to junior staff.
• Foster a collaborative and supportive work environment.
• Delegate tasks effectively and ensure a balanced workload within the team.

• Maintain the fixed asset register, ensuring accurate recording of additions, disposals, depreciation, revaluations, and tracking asset movements, transfers, and disposals.
• Ensure compliance with relevant accounting standards, including IAS 16, and tax legislation.
• Run fixed asset register system processes, including depreciation and month-end asset closure.
• Perform periodic fixed assets reviews for changes in useful lives and or impairments and update and reconcile findings within the fixed asset register.
• Manage the disposal of fixed assets, ensuring compliance with company policies and procedures.

• Oversee weekly treasury operations, including cash management, bank reconciliations, and foreign exchange transactions.
• Monitor cash balances and ensure sufficient liquidity to meet operational needs.
• Manage bank accounts and perform regular reconciliations, ensuring accuracy and timely identification of discrepancies. Process local and foreign payments, ensuring proper authorization and adherence to internal and exchange controls. Manage and reconcile prepayments and deposits, ensuring accurate accounting treatment and proactively managing renewals and refunds to optimise cash flow.

• Oversee the entire general ledger process, from transaction recording to financial reporting.
• Review and analyse accounting transactions, ensuring proper authorization and adherence to company policies.
• Ensure timely and accurate processing of journal entries, account reconciliations, and financial reports.
• Manage and reconcile petty cash, credit cards, and staff advances, ensuring compliance with company policies.
• Assist with various journal entries including Salary, Accrual, Interest and other journals.
• Investigate and resolve account discrepancies, escalating complex issues to relevant stakeholders.
• Prepare and analyse monthly recharge schedules across the Group, ensuring accurate cost allocation.
• Review and analyse VAT reports, ensuring compliance with tax regulations and accurate VAT accounting.

• Ensure accurate and timely completion of month-end close procedures, including journal entries, account reconciliations, and financial reporting.
• Ensure general ledger reconciliations and schedules are completed timeously and accurately
• Ensure compliance with month-end reporting deadlines.

• Ensure compliance with all relevant accounting standards, tax regulations, and internal controls.
• Assist with internal and external audits, providing necessary documentation and support.
• Assist with external reporting and submissions including Statistics SA surveys.
• Prepare and submit relevant reports, including monthly financial reports and regulatory reports.
• Stay up-to-date on changes in accounting regulations and their impact on financial reporting.

• Analyse existing accounting and treasury processes and identify areas for improvement and automation.
• Implement process improvements to enhance efficiency, accuracy, and controls.
• Drive automation and the application of best practices within the team.

• Bachelor's degree in Accounting or related field.
• Minimum of 5 years of experience in a similar role, with a focus on general ledger accounting and treasury management.
• Strong understanding of accounting principles and practices. High level of accuracy and attention to detail.
• Proficiency in accounting software (Sage X3), Microsoft Excel and Google Sheets.
• Excellent communication, interpersonal, and leadership skills. Strong analytical and problem-solving abilities.
• Ability to work independently and as part of a team.
• Ability to perform under pressure and meet deadlines.
• Strong work ethic and commitment to ethical conduct.