Group Financial Accountant
2 days ago
Minimum requirements:
- 1 - 2 years post article experience
- Grade 12
- Newly qualified CA OR
- Strong Excel & Word skills
- Previous experience working on Oracle would be advantageous
- Computer Literacy, Numerical skills
- Sound communication skills in both written and verbal format
Responsibilities:
- Oversee all financial functions at Shared Services (HR, Risk, Workshop)
- Preparing the monthly profit and loss, and balance sheet reports
- Collecting and analysing data, which is then used in the preparation of weekly and monthly estimates
- Responding to financial inquiries by gathering and interpreting data
- Prepare group cashflow reporting and cashflow forecasts
- Monitor daily cash balances and determine cash requirements needed to cover losses and payments (manage surplus cash via call accounts)
- Supervise financial department staff, including accountants and financial assistants
- Release payments submitted by group creditors on a timeous basis
- Implement financial reporting systems to comply with government regulations, legislation and changes in IFRS
- Examine all financial reports and data closely to check for discrepancies
- Prepare annual financial statements and all related working papers for group companies, trusts and dormant entities
- Prepare all tax calculations in accordance with applicable tax laws i.e., Income tax act, VAT act.
- Maintain relationship with tax consultants and be the point of contact on all tax related matters for the Group and its subsidiaries
- Must be able to understand and apply IFRS and become the technical financial resource for the Group
- Prepare and Review balance sheet recons
- Preparation of budget and forecast templates, and compilation of budgets and forecasts at shared services level
- Consolidation of budgets and forecasts
- Management of external audit for group companies, trusts, and dormant entities
- Management of General Ledger and application/interpretation of accounting standards
- Examining financial records to check for accuracy
- Managing and training staff when necessary
- Maintain and update monthly review packs and distribute to EXCO and stakeholders
- Provide guidance to BUs on accounting treatments and journals as and when special transactions occur
- Preparation of consolidated group pack including all input calculations such as DSO and Covenants
- Prepare and oversee all financial information for Zambia BU
- Work closely with the Oracle administrator on GL mappings and creation of new GL codes
- Update PowerBI dashboards on a monthly basis with forecast, budget, and prior year figures for all the Business Units, as well as estimates for Shared Services
- Closure of all ancillary business processes e.g. petty cash
- Ensuring integrity of data
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