Accountant

Job Description

RCL FOODS is a deeply rooted South African food manufacturer that produces some of the country’s most-loved brands: Yum Yum peanut butter, Nola mayonnaise, Ouma rusks, and Sellati sugar, just to name a few. At the heart of our culture and strategy is our Purpose – WE GROW WHAT MATTERS – which encapsulates our belief in collectively doing that little more to create a positive impact that matters.

The purpose of the role is to Maintain the General Ledger and supervise the functions performed by the General Ledger & Debtors Clerk and Cash Book Clerk, Conduct General Ledger reconciliations monthly which entail backup schedules in support of all Balance Sheet Accounts, assist with internal and external audit and assist with Tax and VAT related queries

Duties & Responsibilities

Maintenance of the General Ledger

• Perform General Ledger reconciliations monthly which entail backup schedules in support of all Balance Sheet Accounts
• Following up of queries/reconciling items ensuring that no significant items remain on the reconciliations when closing the General Ledger.
• Complete year end schedules as required in support of specified General Ledger accounts.
• Reconciliation of Inter-branch / Inter-company accounts, following up of queries/reconciling items and preparing payment requisitions or an Intercompany Transfer Advice.
• Perform manual clearing on SAP open item accounts, e.g. bank accounts, ensuring open items are reviewed and cleared timeously.

Journals

• Checking of journal and accrual entries posted by the Debtors & GL Clerk and the Cashbook clerk
• Capture journal and accrual entries when required, including routine monthly transactions, corrections and provisions, ensuring correct account allocations.
• Ensure own journal and accrual entries are manually authorized by a financial accounting manager, or financial manager, prior to posting. Intercompany Transactions

Vector

• Prepare schedule of all accruals posted to facilitate the intercompany reconciliation by the Financial Accounting Manager.
• Ensure accruals posted by the management accountants have the correct VAT treatment and appear on the Vector statements.
• Manage consignment stock and consignment stock billing providing management with a clear view on reconciling items

Receipts

• Ensure completion of Receipt documents for all cash/cheques received.
• Oversee the banking of all cash and cheques received ensuring completeness by comparing the totals per Receipt documents with the totals per bank deposit slips.

Cash Book

• Oversee the importing of bank statements into SAP.

• Oversee the monthly close-off of the Cash Book.

• Review the bank sub-accounts prior to month end close, to ensure all postings have been done and that clearing has been performed.

• Review monthly bank reconciliation and investigate reconciling items.

Petty Cash

• Oversee the Petty Cash function, i.e.: Safeguarding of the float
• Processing of withdrawals
• Cost allocation of payments
• Capturing of transactions
• Cheque Requisitions to maintain cash float

General

• Assist commercial teams with GL analyses where required
• Perform “value-add” responsibilities as agreed between Financial Accounting Manager and Business Unit Regional liaison for Internal and External Audit
• Assist with central Fixed Asset processes
• Compile ad hoc spreadsheets and analysis when required
• File and safeguard records within area of responsibility

Information and Data management

• Ensure team members accurately and regularly capture data onto SAP to enable access to reliable data and reporting for trend analysis and decision making.
• Share relevant data with management teams to enable reliable business decision making.

Teamwork and Self-Management

• Take ownership and accountability for tasks and activities and demonstrate effective self-management in terms of planning and prioritizing, and self-development.
• Follow through to ensure that quality and productivity standards of work are consistently and accurately maintained.
• Inform relevant parties in the event of tasks or deadlines not met, the potential risks thereof and provide appropriate resolution.
• Support and drive the business core values.
• Manage colleagues and client’s expectations and communicate appropriately. Demonstrate willingness to help others and “go the extra mile” to meet team targets and objectives.
• Champion training and development of self and others through utilising available training opportunities.
• Participate in and drive regular performance appraisals and ensure that own targets and goals are clear and achievable.

Staff Management

• Lead and develop staff within the context of the Labour Relations Act, Employment Equity Act, Basic Conditions of Employment Act and the Skills Development Act.
• Monitor staff performance and provide regular feedback.
• Manage staff activities, ensuring service levels are met and protocols are adhered to.
• Coach and support staff where necessary to achieve objectives.

Minimum Requirements

• 3-year degree / diploma in accounting preferable (extensive experience and proven track record will be considered as alternative), articles preferable.
• Minimum of 3 years in a general ledger or related accounting function
• Proven experience in a SAP environment
• Attention to detail
• Strong knowledge of accounting principles, financial reporting, taxation and controls, combined with analytical thinking, attention to detail, problem-solving ability, and proficiency in financial systems and Excel.
• Experience working on SAP and Syspro will be adventurous
• Advanced Excel skills