Financial Accountant(Temporary 12 Months Contract)

Introduction Through our client-facing brands and our other specialist brands, Momentum Group enables business and people from all walks of life to achieve their financial goals and life aspirations.

We help people grow their savings, protect what matters to them and invest for the future. We help companies and organisations care for and reward their employees and members. Through our own network of advisers or via independent brokers and utilising new platforms Momentum Group provides practical financial solutions for people, communities and businesses.

Disclaimer As an applicant, please verify the legitimacy of this job advert on our company career page.

Role Purpose We are seeking a detail-oriented and experienced Financial Accountant to join our team at Momentum Investments. The ideal candidate will be responsible for the full accounting and financial control function for an Asset Manager. Attention to detail and meeting deadlines are essential. This role involves working closely with the finance team to support overall financial operations and contribute to the company's financial health. This role will report directly into the Financial Controller.

Requirements****Qualifications, Knowledge & Experience

• Bachelor's degree in accounting, Finance, or related field.

• A minimum of 3-5 years' relevant financial accounting experience (in the Investment Management / industry is a requirement).

• Proven experience with financial reporting, budgeting and tax compliance.

• Experience in accounting for foreign entities and foreign exchange will be advantageous.

Duties & Responsibilities****Key Resoi

• Financial Reporting: Prepare and analyse financial statements, ensuring accuracy and compliance with relevant accounting standards.
• General Ledger Management: Maintain and reconcile general ledger accounts, ensuring accurate and timely posting of transactions.
• Budgeting and Forecasting: Assist in the preparation of budgets and financial forecasts, monitoring variances and providing analysis.
• Accounts Payable and Receivable: Manage accounts payable and receivable processes, including invoice processing, payment collections, and vendor management.
• Tax Compliance: Ensure compliance with tax regulations, preparing and filing tax returns and related documentation.
• Audit Support: Assist with internal and external audits, providing necessary documentation and support to auditors.
• Financial Analysis: Conduct financial analysis to support decision-making processes, identifying trends and providing insights.
• Policy and Procedure Development: Develop and implement accounting policies and procedures to ensure efficient and effective financial operations.
• Internal Financial Control: Refining and maintain the internal financial control monitoring, reporting and auditing frameworks.
• System Maintenance: Utilize and maintain financial software systems, ensuring data integrity and accuracy.
• Team Collaboration: Work closely with the finance team and other departments to support overall financial operations and achieve business objectives.
• Accurately process month-end entries to ensure all financial accounting transactions supporting financial flows is completed up to the Trial Balance stage.
• Release monthly payments to Fund Managers and creditors on schedule to support financial operations and maintain cash flow.
• Oversee daily and monthly bank reconciliations for both local and offshore accounts, ensuring accuracy and timely resolution of discrepancies.
• Prepare monthly VAT reconciliations and SARB submission, ensuring compliance with tax obligations and accuracy in reporting.
• Prepare tax calculations and journals.
• Provide comprehensive information to Auditors during the annual audit, facilitating a smooth and efficient audit process and ensuring transparency.

Competencies****Knowledge:

• JDE knowledge will be an advantage.

• Sound knowledge of accounting principles and practices.

• Solid Excel knowledge with basic to advanced use of functions.

Skills:

• Strong knowledge of accounting principles and standards.

• Proficiency in accounting software and financial management systems.

• Excellent analytical and problem-solving skills.

• Attention to detail and high level of accuracy.