Financial Analyst

1 month ago


Randburg, Gauteng, South Africa People Dimension Full time
Job Description

As a key member of the People Dimension team, we are seeking a highly skilled Financial Analyst to join our accounting department. The successful candidate will be responsible for ensuring the accuracy and timeliness of financial data, as well as providing insightful analysis and recommendations to support business decisions.

Key Responsibilities:
  • Monthly analysis of sales and cost of sales transactions to ensure accurate allocation
  • Monthly analysis of operating expenses, including bad debts, cleaning, commission paid, consulting fees, repairs and maintenance, staff training, staff welfare, subscription, telephone and fax
  • Journalizing manufacturing variances and ensuring that variances align with weekly/monthly production reports
  • Monthly analysis and balancing of loan accounts, including preparing loan account schedules and ensuring that loan accounts balance in all sets of accounts
  • Month-end schedules for instalment sales, including reconciling loan statements to accounting records, processing finance charge journals, and preparing monthly summaries of outstanding balances
  • Maintaining the fixed asset register, processing depreciation journals, and maintaining the fixed asset file
  • Ensuring that cash books are processed and reconciled on a weekly basis
  • Ensuring that inventory control accounts balance with stock on hand schedules (quantities, unit cost, and value)
  • Ensuring that debtors are balanced by no later than 2 work days after the last day of the month, including sending monthly statements to clients and ensuring that statements are correct and sent to the correct contact person
  • Reconciling all creditors by the 10th of each month, including preparing creditor reconciliations and ensuring that all variances are recoiled and clearly set out on the creditor's reconciliation
  • Preparing monthly payroll journals, reconciliations for each payroll accrual account, and ensuring that each payroll accrual account balances to actual outstanding amounts
  • Preparing monthly VAT reconciliations and ensuring that accounting records balance with VAT 201 forms
  • Preparing monthly provision for taxation journals and schedules
  • Ensuring that month-end accounting close is performed by the 12th of each month and preparing monthly management reporting, including monthly management accounts, budget reports, 6-week cash flow forecasts, sales reports, manufacturing income statements, and minutes of weekly production meetings
  • Updating 6-week cash flow forecasts for weekly finance meetings and updating weekly manufacturing income statements for weekly production meetings
  • Ensuring that SARS and other statutory reports are submitted and paid on time, including VAT, PAYE, and provisional taxation returns, bi-annual IRP5 reconciliations, and Statistics S.A reports

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