Group Financial Accountant

GENERAL JOB INFORMATION:

The incumbent will report to the Group Financial Manager. The ideal candidate should be a motivated hard-working self-starter with fantastic problem-solving skills and relevant experience. The successful applicant would need to be deadline driven, proactive, dedicated, and meticulous.

QUALIFICATIONS AND EXPERIENCE:

Relevant Tertiary Qualification in Accounting, Finance, or a related field.  (degree or diploma); and/ or completed SAICA, SAIPA, CIMA, etc articles;

2 - 3 years’ experience in a similar role;

Proficiency in MS Office, i.e. Word, Excel and Outlook are essential; and

Applicable and proven financial legislative/industry knowledge preferred.

SKILLS REQUIRED:

•  Attention to detail and high level of accuracy;

•  Ability to work under pressure;

•  Self-starter and excellent organising skills;

•  Management of tasks within department;

•  Committed and reliable with integrity;

•  Good verbal & written communication skills.

KEY DUTIES & RESPONSIBILITIES:

a)       Financial accounting functions, including but not limited to -

· Work closely with the group financial manager, group financial director and management to assist with the development of the annual budget to maintain accurate and timely submission of strategic plans. Responsible for the effective preparation, maintenance, and reporting of internal and external financial records and business analyses, including monthly management accounts reporting -

· To collect, process and record financial information to support management with accurate financial information to assist in their decision-making processes and to contribute to the correct reporting of financial information in an acceptable format;

· To populate and/or review journals, perform and/or review accounts receivable/accounts payable/general ledger accounts/reconciliations; and

· Liaise with all relevant stakeholders to ensure accurate and complete accounting records from source documentation through to Financial Statements;

· To review monthly invoicing to ensure completeness and accuracy of fee income and allocation of commission and consulting income;

· To calculate and journal the monthly reconciliation of all commission received per consultant/planner and, where applicable, per client;

· To reconcile quarterly administration and consulting income to administration system calculations;

· To manage the month-end process by processing all necessary journals for review by the group financial manager (including but not limited to – Payroll, VAT, audit journals, prepayments, income received in advance, provision for outstanding income, etc.) in a timeous manner;

· To support the finance department through liaising with other departments, divisions and companies within the group to ensure the accuracy of financial information and intercompany charges;

·  Monthly review of fixed assets allocated (acquired, disposed of) and managing the fixed assets audit.

· Perform month-end balance sheet reconciliations, ensuring all accounts are accurately reconciled and discrepancies are resolved.

·  This position will include processing on Accpac.

b)       Treasury functions, including but not limited to –

·   Cash flow analysis and forecasts,

·   Managing all cashbooks, all call/fixed deposits with respective banks for all companies within the group,

·  

Maintain relationships with major banks to ensure excellent service delivery as well as to identify new financial products that could assist the business in terms of risk management and profitability

·  Management of intercompany funding, including compiling intercompany loan agreements a performing Solvency & Liquidity tests when financial support is provided,

·  Monitor access controls (online banking) and signatory requirements for bank accounts across the group.

c)        Taxation functions for the group, including but not limited to –

·  File and pay corporate tax returns for review by the Group Financial Manager,

· Estimate provisional tax and file and pay provisional tax returns for review by the Group Financial Manager,

· Respond to direct and indirect tax queries from SARS,

· Calculation and completion of monthly VAT returns and review of Statement of Account,

·  Monthly EMP returns and review of Statement of Account,

·  Dividends Tax returns completion as and when required,

d)       Year-end Audit

Assist in management of the year-end external audit requirements/deliverables.

Ensure that financial transactions in the group are recorded in compliance with IFRS.

Assist group companies with technical accounting transactions and year-end reporting packs.

Review inter-group transactions and loan accounts.

Tax and cash flow calculations.

e)       Compiling the financial groundwork on special projects and new businesses.

f)       Timely submission of company secretarial duties, including compiling resolutions in line with relative legislation, including – CIPC requirements such as Annual Returns – processing on CIPC and allocate payment.

g)     Other ad hoc duties assigned by the Group Financial Manager and Group Financial Director.