Financial Accountant

1 week ago

Durban, South Africa Omega Human Capital Full time

Start the New Year Right: Join my clients' team and start achieving your goals

My client has a position available for a Financial Accountant who will focus on the GL and Treasury of the company. 

This role is critical in maintaining accurate financial records, managing treasury functions, and ensuring compliance with accounting standards and internal controls. Working closely with various stakeholders across the organisation, the GL & Treasury Accountant will lead a small team, drive process improvements, and contribute significantly to the financial health of the company. This role demands a strong individual contributor with excellent analytical, problem-solving, and communication skills and a proactive approach to optimising financial processes.

Requirements: 

  • Bachelor's degree in Accounting or related field.
  • Minimum of 5 years of experience in a similar role, focusing 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.

 

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.

Fixed Asset Accounting:

  • Maintain the fixed asset register, ensuring accurate recording of additions, disposals, depreciation, and revaluation, as well as 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.

Treasury Management:

  • 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.

General Ledger Accounting:

  • 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.

Month-End Responsibilities:

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

Compliance and Reporting:

  • 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 and regulatory reports.
  • Stay up-to-date on changes in accounting regulations and their impact on financial reports.

Process Improvement:

  • 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.
  • Proactive very identify and address challenges within the department, contributing to solutions and process improvements.
  • This includes undertaking ad hoc tasks and projects as assigned or required, demonstrating flexibility and a strong commitment to supporting the overall success of the finance function.

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