Financial Accountant

1 week ago

Cape Town City Centre, South Africa Jobted ZA C2 Full time

Role Overview:
The Financial Accountant in the bus transport industry is responsible for managing and reporting on financial transactions, ensuring compliance with regulatory requirements, and providing insights into financial performance. This role involves preparing financial statements, managing budgets, conducting audits, and supporting strategic financial planning.
Key Responsibilities:

1. Financial Reporting:

- Prepare accurate and timely financial statements, including income statements, balance sheets, and cash flow statements.
- Ensure compliance with International Financial Reporting Standards (IFRS) or Generally Accepted Accounting Principles (GAAP).

Budgeting and Forecasting:

- Assist in the preparation of annual budgets and forecasts.
- Monitor actual performance against budget and provide variance analysis.
- Collaborate with department heads to develop and maintain budgetary controls.

Audit and Compliance:

- Coordinate and support internal and external audits.
- Ensure compliance with tax regulations and other financial legislation.
- Maintain accurate and organized financial records for audit readiness.

Cost Management:

- Track and analyze costs related to operations, maintenance, and administration.
- Identify opportunities for cost reduction and efficiency improvements.
- Provide financial insights to support decision-making processes.

Accounts Management:

- Oversee accounts payable and receivable functions.
- Ensure timely processing of invoices, payments, and collections.
- Reconcile bank statements and manage cash flow.

Financial Analysis:

- Conduct financial analysis to support business decisions and strategic initiatives.
- Prepare financial models to evaluate investment opportunities and project financial outcomes.
- Provide regular financial insights and reports to management.

Stakeholder Engagement:

- Work closely with operational teams to understand the financial impacts of business activities.
- Present financial results and insights to senior management and other stakeholders.
- Liaise with external stakeholders, including banks, auditors, and tax authorities.

Key Qualifications:

- Education:

- Bachelors degree in Accounting, Finance, or a related field.
- Professional accounting qualification (e.g., CPA, ACCA, CIMA).

Experience:

- Minimum of 3-5 years of experience in accounting or finance roles, preferably in the transport or logistics industry.
- Experience with financial reporting, budgeting, and financial analysis.

Skills:

- Strong knowledge of accounting principles and standards (IFRS/GAAP).
- Proficiency in financial software and ERP systems (e.g., SAP, Oracle).
- Advanced Microsoft Excel skills.
- Excellent analytical and problem-solving abilities.
- Strong attention to detail and accuracy.
- Effective communication and presentation skills.
- Ability to work independently and as part of a team.

Personal Attributes:

- Integrity: Upholds the highest standards of ethical behavior and confidentiality.
- Detail-Oriented: Ensures precision and accuracy in financial reporting and analysis.
- Proactive: Takes initiative to identify issues and opportunities for improvement.
- Collaborative: Works well with others across departments and levels within the organization.
- Adaptable: Comfortable working in a fast-paced and dynamic industry environment.

Career Progression:
Opportunities for career advancement may include roles such as Senior Financial Accountant or Finance Manager, depending on performance and experience.
Working Conditions:

- Primarily office-based with occasional travel to other locations as required.
- Standard working hours, with additional hours during peak periods (e.g., month-end, year-end).

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