Financial Accountant

Our client is an established global manufacturing entity with a footprint across Europe, Asia and Southern Africa. Their SA finance team currently has an opening for a financial accountant to perform financial functions related to the collection, accuracy, recording, analysis and presentation of the company’s financial operations: • Month end financial processing and reporting. • Group reporting (Monthly, quarterly, intercompany recons) • Cost and variance review, analysis and commentary through review of the Trial Balance and preparing supporting schedules and reconciliations. • General accounts control and review function (Revenue, Inventory, Creditors, Debtors) • Fixed asset register coordination and maintenance • Assist with budget preparations, review, analysis and commentary. • Year-end account closure preparation • BEE scorecards management • Any other tasks assigned by department head. • Internal/External auditor liaison and query resolution • Creation and maintenance of financial policies, procedures and processes • Manage all tax related matters i.e. Vat, PAYE, Income Tax etc. • Assist with cash flow management function and processing, i.e. bank, petty cash and cash flow forecast • Compile monthly and quarterly submissions for SARB and STATS SA ESSENTIAL JOB RESPONSIBILITIES Responsibility Expected time spent 1 Cash and Bank: • Payments release- daily EFT's, monthly payments to suppliers • Help with forex management - reviewing impacts of covers and taking out covers • Credit Card reconciliations • Cash flow forecasting • Review of monthly Petty Cash and Bank account reconciliations • Monthly Reporting to group on Cash balances 15% 2 Suppliers • Reviewing of supplier amendments • Reviewing supplier recons monthly • Executing foreign supplier revaluations monthly • BEE Preferential procurement calculation and upload • Creditor aging analysis 20% 3 Debtors and sales • Debtor age analysis reconciliation to TB (ensure submodule balances) • Bad debt provision working paper prepare and post Monthly Group reporting of debtor classification (Client Risk) • Monthly reporting of sales, forecast and order book value (Flash sales) • Reconciliation of sales listing to TB • Posting and review of turnover transfers between branches • Providing updated Branch Reporter Document • Executing foreign debtor revaluations monthly • Sample accounts review for due and follow-up with branches. • Review and sign Final notices • Quarterly reporting of Debtor’s Credit Limits • Quarterly upload of Sales split per product 4 Assets: • Maintaining fixed asset register • Depreciation calculation monthly • Reviewing posting of additions, transfers and disposals • Reconciling TB and asset register • Maintenance of Tax asset register • Maintaining IT register for Group Reporting • Identifying assets included in R&D GL for capitalization 5 Reporting • Month end journals and other non-routine journals • Recharges to group companies • TB account recons- Income statement and balance sheet • Inventory quarterly reporting • Reporting to branches (commercial and Operations) on performance • BEE committee participation - uploading information, research, preparing documents for support, gathering of support for verification • VAT reconciliations and working paper prepare for auditors, review VAT201 before submission and payment • Review escalation invoices and implement changes made to tables or formulas • STATS SA reporting- monthly sales review, quarterly performance • Income tax working paper/supporting schedules • lntercompany reconciliation process • Accounting system/Software: user issues on certain programs/modules, integration where submodules and GL do not balance • External audit contact person, gathering samples, handling any questions and queries • Annual financial statements review for authorization • Communication of new Group Finance policies and assist with the implementation • GL-code maintenance and knowledge on accounts to use for specific transactions • Complete and maintain the Monthly Payroll Reconciliation (Main Reconciliation and supporting GLs) • Assist in preparing the Consolidation workbook at interim and final periods. 6 BEE Scorecard • BEE scorecard management • Ensuring BEE supporting documentation is accurate and complete • Update monthly supplier spend and TMPS Calculations • Manage BEE audit