Financial Accountant Position

1 month ago


Johannesburg, Gauteng, South Africa Network Recruitment Full time
Financial Accountant Job Description

Network Recruitment is seeking a highly skilled Financial Accountant to join their finance team. The ideal candidate will possess strong financial planning, control, and management skills, with a focus on ensuring compliance with financial regulations and providing detailed reporting and analysis.

Key Responsibilities:
  • Financial Planning and Control:
    • Assist in opening production bank accounts for new projects.
    • Set up workflows on the P2P system and provide training to new users.
    • Manage petty cash requests and disbursements for production teams.
  • Project Budgeting and Margins:
    • Prepare annual budgets and quarterly forecasts for sales and cost of sales across various business units.
  • Debtors Control:
    • Manage the onboarding of new customers, invoicing, and cash receipt processes.
    • Review debtor age analysis and follow up on overdue payments.
  • Financial Management:
    • Calculate and prepare revenue, deferred revenue, and cost of sales journals in compliance with IFRS 15.
    • Manage work in progress (WIP) calculations and journal entries.
    • Review payroll journals and reconciliations for accuracy.
  • Cash Management:
    • Oversee petty cash processes and ensure reconciliation to the general ledger.
    • Provide regular cash flow forecasts and reports on outstanding debtors.
  • Reporting:
    • Assist in the preparation of management accounts and business sales reports.
    • Prepare consolidated cash flow reports for group-level reporting.
  • Audit and Compliance:
    • Provide support during audits and assist with the preparation of annual financial statements.
    • Prepare BBBEE spend and training reports for compliance purposes.

Qualifications and Experience:

  • Bachelor's degree in Accounting, Finance, or a related field.
  • Proven experience in financial accounting, with knowledge of IFRS 15.
  • Strong proficiency in financial systems (e.g., Sage, ERP) and Excel.


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