Financial Accounting Specialist

3 days ago


Johannesburg, Gauteng, South Africa Network Contracting Full time
Job Description

A detail-oriented and self-motivated Financial Accountant is required to join a team of finance specialists at Network Contracting on a 3-month contract basis. The role involves maintaining financial records, ensuring accurate reporting, and compliance with relevant regulations.

Main Responsibilities:
  • Full Financial Function:
    • Prepare and maintain accurate financial records, adhering to accounting principles and standards.
    • Conduct monthly reconciliations for all balance sheet accounts.
    • Manage and process journal entries, accruals, and adjustments.
  • Cash Flow Management:
    • Monitor and manage daily cash flow requirements to ensure sufficient liquidity.
    • Prepare and analyze weekly and monthly cash flow forecasts.
  • Budgeting and Forecasting:
    • Assist in the preparation of annual budgets and quarterly forecasts.
    • Compare actual financial performance against budgets and forecasts, providing variance analysis and actionable insights.
  • Payment Processing:
    • Process payments accurately and timely through various banking portals.
    • Ensure compliance with payment authorization protocols and company policies.
    • Maintain accurate records of all payment transactions.
  • Financial Reporting:
    • Prepare monthly management accounts and financial statements.
    • Assist with the preparation of year-end audit files and liaise with auditors during the audit process.
  • Systems and Software Management:
    • Utilize Xero for financial transactions, reporting, and reconciliations.
    • Optimize usage of Xero by automating processes and maintaining system integrity.
  • Compliance and Risk Management:
    • Ensure adherence to tax regulations, including VAT submissions and statutory compliance.
    • Identify and mitigate financial risks related to operational and payment processes.

Requirements:

  • Qualification:
    • A Bachelor's Degree in Accounting, Finance, or a related field is required.
  • Experience:
    • A minimum of 3 years' experience in a similar role is essential.
    • Proficiency in processing payments through various banking platforms.


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