Senior Financial Accountant

About the job Senior Financial Accountant

Duties and responsibilities:

• Preparation of annual budgets.
• Preparation/review of monthly management accounts including analysis/commentary.
• Preparation/review of the annual financial statements.
• Preparation/review of monthly working paper files and high-risk balance sheet reconciliations.
• Ensure routine transactions (expenses, asset purchases, cash book entries, sales etc.) are processed timeously by junior team members.
• Preparation/review of non-routine transactions (depreciation, impairments, provisions, finance costs/income, discounting, lease straight-lining, management fees, administration fees etc.) and complex transactions.
• Review and approval of payments, together with accurate capturing of invoices in the accounting system, ensuring IFRS and tax compliance.
• Review of annual tax computations.
• Timeous preparation and payment of provisional taxation payments.
• Review of the monthly VAT and Payroll returns.
• Timeous settlement of inter-company trade accounts, loan accounts, shareholder loans, bank loans, bank facilities, creditors, SARS (Income Tax, PAYE, VAT) in line with agreed payment terms.
• Ensure that all inter-company balances are reconciled monthly.
• Timeous collection of loans receivable, inter-company trade accounts and trade debtors. Effective management of working capital (Assist in the continuous improvement in supplier terms and customer terms).
• Effective tax planning and cash flow management. Identification of control weaknesses, designing of internal controls and implementation thereof.
• Timeous corrective action against internal audit and external audit findings.
• Adequate provisioning of impairments on stock (slow moving, damaged, loss of market share, obsolete, expired, NRV).
• Reassessment of useful lives, depreciation methods and residual values for tangible and intangible assets quarterly.
• Review of profit and loss on asset disposals transactions.
• Review of general ledger transactions monthly to confirm accurate account allocations, IFRS compliance between capital and expense nature transactions and tax compliance.
• Ensure annual stock take is performed (including monthly/quarterly as dictated by company policy). Review of stock count variances.
• Review and approval of consignment stock listings.
• Review and approval of petty cash expenses.
• Review all loan, creditors, facility, instalment sales reconciliations to external statements.
• Review and approve accruals (test estimation accuracy by reference to trends and comparison of actual results to previous estimates).
• Ensure monthly standing debit orders of the business are processed.
• Managing of operating costs.
• Assist the BEE project team to ensure the improvement and sustenance of the company's BEE score.
• Optimization of the company’s financial position and financial performance.
• Liaise with the various departments and regional/operational managers to ensure efficient reporting.
• Liaison with external auditors during interim and year-end audits to ensure all queries are responded to.
• Minimise audit overruns by ensuring diligent preparation of audit files/compliance with auditor requests.

• BCom Accounting or related
• Completion of SAICA accredited articles
• 2 Years commercial experience
• Pastel Evolution (or similar software)
• Microsoft Office
• Experience in financial accounting for multiple subsidiaries within a large global group