Financial Accountant
2 days ago
REQUIREMENTS:
- Matric
- BCom Accounting Degree or relevant degree
- 3-5 years experience in an Accountant or similar position
- Microsoft Excel - Advanced
- Microsoft Word - Intermediate
- Strong numerical and analytical skills
KNOWLEDGE:
- IFRS and Generally Accepted Accounting Principles
- Income tax and VAT Laws
- Company laws
- SA Foreign Exchange laws
- Knowledge of insurance practices
RESPONSIBILITIES:
- Fixed Assets and Stock
- Update and maintain Fixed Asset Register (FAR).
- Update and maintain Insurance sheet.
- Calculate and journalize depreciation on assets.
- Review insurance policy every three months and keep updated and communicate with appropriate managers.
- Handle all insurance claims and processing of appropriate journals.
- Supply the monthly split between applicable entities insurance premium for the finance recharges.
- Adhoc accounting journals when needed.
- Scrutinize all invoices being paid to confirm that all assets were captured to the relevant Balance Sheet accounts and insured if necessary.
- Monthly capture stock journals for all business units and check accuracy and completeness of information.
- Bank management
- Load online payments as per payment run schedule and ensure that the previous payments were released.
- Save proof of payments of all payments on finance network.
- Manage balances of bank accounts to earn maximum interest (Money Market).
- Print bank statements daily and save on finance drive for access to all necessary parties.
- Reconciliation of all bank accounts by 3rd working day of the following month.
- Send bank balances to MD and FM weekly on Fridays.
- Loading of 3G Data.
- Other admin related tasks with regards to banking partner.
- Fleet Cards and Credit Card
- Reconcile and capture the monthly fleet card statement.
- Reconcile and capture the monthly credit card statement.
- Manage all credit card transactions and recon.
- Month-end reporting
- In tandem with other accountants review Profit and Loss by Business Unit before compiling the management accounts to ensure all transactions were allocated to the correct GL and Business unit.
- Monthly Tax Provisions.
- Balance Sheet reconciliations.
- Intercompany invoices and reconciliation of intercompany loan accounts.
- Provisions if applicable.
- Processing of monthly fixed recharges.
- Commission calculations and payouts
- Calculate commissions payable to Stakeholders and CREs by the 25th of each month.
- Communicate commission breakdown to HR and CREs.
- Capture invoices.
- Communication with teams on their recharges, expenses and sales
- Send out the GL and Income Statement for each Business Unit after the month-end management reports have been finalized.
- VAT for the Group
- Calculate, reconcile, and complete VAT return on e-filing timely every month for the applicable companies.
- Keep updated on any SARS communication received with regards to VAT and liaise with SARS with regards to unpaid VAT claims and SARS reviews.
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