Financial Accountant

Role Purpose

We are seeking a detail-oriented and experienced Accountant to join our team at Momentum Securities. The ideal candidate will be responsible for managing financial records, preparing financial statements, and ensuring compliance with financial regulations. This role involves working closely with the finance team to support overall financial operations and contribute to the company's financial health.

Requirements

• Education: Bachelor's degree in accounting, Finance, or related field. Professional accounting certification (e.g., CPA, ACCA) is preferred.
• Experience: A minimum of 3-5 years' relevant financial accounting experience (in the stockbroking industry would be an advantage but not a sole requirement).
• Knowledge:
  • BDA and JDE knowledge will be an advantage.
  • Sound knowledge of accounting principles and practices.
  • Solid Excel knowledge with basic to advanced use of functions.
  • Accpac or similar experience required.
• Skills:
  • Strong knowledge of accounting principles and standards.
  • Proficiency in accounting software and financial management systems.
  • Excellent analytical and problem-solving skills.
  • Attention to detail and high level of accuracy.
  • Strong communication and interpersonal skills.

Duties & Responsibilities

• Financial Reporting: Prepare and analyse financial statements, ensuring accuracy and compliance with relevant accounting standards.
• General Ledger Management: Maintain and reconcile general ledger accounts, ensuring accurate and timely posting of transactions.
• Budgeting and Forecasting: Assist in the preparation of budgets and financial forecasts, monitoring variances and providing analysis.
• Accounts Payable and Receivable: Manage accounts payable and receivable processes, including invoice processing, payment collections, and vendor management.
• Tax Compliance: Ensure compliance with tax regulations, preparing and filing tax returns and related documentation.
• Audit Support: Assist with internal and external audits, providing necessary documentation and support to auditors.
• Financial Analysis: Conduct financial analysis to support decision-making processes, identifying trends and providing insights.
• Policy and Procedure Development: Develop and implement accounting policies and procedures to ensure efficient and effective financial operations.
• System Maintenance: Utilize and maintain financial software systems, ensuring data integrity and accuracy.
• Team Collaboration: Work closely with the finance team and other departments to support overall financial operations and achieve business objectives.
• Accurately process month-end entries to ensure all bookkeeping is completed up to the Trial Balance stage.
• Release monthly payments to Fund Managers and creditors on schedule to support financial operations and maintain cash flow.
• Oversee daily and monthly bank reconciliations for both local and offshore accounts, ensuring accuracy and timely resolution of discrepancies.
• Prepare monthly VAT and STT reconciliations, ensuring compliance with tax obligations and accuracy in reporting.
• Provide comprehensive information to Auditors during the annual audit, facilitating a smooth and efficient audit process and ensuring transparency.

Competencies

• Financial Acumen: Deep understanding of financial principles and practices.
• Analytical Thinking: Ability to analyse financial data and provide meaningful insights.
• Attention to Detail: High level of accuracy in financial reporting and record-keeping.
• Problem-Solving: Strong problem-solving skills to identify and resolve financial issues.
• Communication: Effective communication skills to convey financial information clearly.
• Team Collaboration: Ability to work collaboratively with the finance team and other departments.
• Ethical Conduct: Commitment to maintaining ethical standards and confidentiality in financial matters.