Finance Associate

3 weeks ago

Johannesburg, South Africa Yebo Fresh Full time

Yebo Fresh is an award-winning online retail e-commerce platform focusing on South Africa’s mass market. Our unique business model and partnerships with manufacturers allow us to deliver an unbeatable offer at a highly competitive price point.

We proudly serve families, NGOs, Schools, ECDs, and township retail businesses such as Spazas and fast food restaurants and we are looking to grow.

For **our customers,** using Yebo Fresh means avoiding the hassle, cost, and risk of overcrowded and/or expensive transport, long queues, and carrying heavy bulk goods.

We engage **with entrepreneurs, and our customers** on our platform on a daily basis through field sales agents, supplying credit lines, having WhatsApp conversations, and organizing product deliveries.

These interactions allow us to build extensive qualitative and quantitative insights into the typical patterns, challenges, and critical success factors of township entrepreneurs.

We are now keen to build on this physical & digital infrastructure and to use these insights. We are building an ‘empowerment’ engine for South African entrepreneurs who, as we observe, often struggle in this highly competitive environment and to provide them with education and development opportunities

**Now Hiring: Finance Associate**

**What You Will Do**

We are looking for a Finance Associate to join the founding team of a startup project with national ambitions to bring breakthrough impact to the world of Entrepreneurs and small township businesses in education, funding, job creation, and support, in partnership with the National Treasury in their goal to address the challenge of unemployment in South Africa.

The goal is to unlock exponential Entrepreneur and Township SME growth with the corresponding impact by building an Entrepreneurial Development Program Platform that supports eCommerce and online entrepreneurial education to support retail

financing models and business growth that results in scale which ultimately leads to job creation.

We are looking to create;
- A more just and equitable society that depends upon more families and households having a stable income in the townships through entrepreneurship development by providing entrepreneurial learning content through coaching, online delivery, on-site training, peer learning, and networking
- Growth of Township SMEs and growing livelihoods through adequate access to finance in the retail industry in collaboration with training and marketing
- Entrepreneurial growth, scale, and support; we are seeking growth beyond traditional models, using technology to educate and through intelligent behavioral software and powerful entrepreneur technology support toolkits

In this role, we are looking for a motivated Finance Manager with exceptional attention to detail, diligence, and experience with VAT, SARS, and PAYE compliance coupled with strong bookkeeping skills.

As a Finance Associate, you will directly report to our Head of Entrepreneur Impact and work closely to support our CFO. You will support financial reporting and analysis of the business and project, prepare the financials for submission, audit, budgeting and forecast modeling, ensure compliance, cost analysis and management, tax management, and manage payments to suppliers.

We are looking for team members who are competitive, ambitious and have a track record of over-achieving and exceeding targets.

**Key Role Responsibilities and Duties**
- **Bookkeeping**:

- Reconciling bank accounts, supplier accounts, and customer accounts
- Identifying, recommending, and implementing process improvements in bookkeeping
- Reviewing and reconciling balance sheet accounts
- Entering financial transactions into Xero and Project systems
- Ensuring our invoicing protocols are followed
- Maintaining digital financial records
- Translating township business accounts into digital platforms
- Managing, capturing, and recording expenses
- Migrating internal data into the project platform
- Managing project procurement expenses
- Managing technology expenses
- **Banking, Payment, and Payroll**:

- Preparing payroll for approval with inputs from HR as needed
- Preparing monthly payment runs
- Loading payments to bank accounts, ready to release
- Liaising with the business bankers for administrative and other requirements
- Preparing project payments and following up on disbursements
- **Financial Audits**:

- Liaising with the company's external accounting firm on annual accounts
- Participating in quarterly and annual audits.
- Compliance
- Preparing and submitting PAYE, NI, and VAT
- Support in preparing for and meeting statutory and regulatory requirements

**KPI’s**:

- Finance accuracy and reporting
- Project-specific KPIs to be agreed upon between Yebo Fresh and the client
- Jobs created tracking and reporting
- Audit passes

**Education**:

- Must have completed a professional qualification in Accounting, Finance, or a relevant field ( Required

**Experience**:

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