Financial Accountant – IT-Online

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Steel Processing Company seeks experienced SAICA Qualified Financial Accountant for operations based outside of Durban CBD area
Responsibilities

  • Supervise the entire accounting function of the company
  • Verification and approval of EFT payments made by the accountant
  • Approval and review of:
  • Bank reconciliations
  • Petty cash reconciliations (weekly)
  • Credit scores (cross-check documentation and reason)
  • Return and debits (cross-check documentation and reason)
  • Journal Entries
  • Prepare stock reconciliations and participate in stock counting procedures ”
  • Prepare a daily summary of cash purchases and reconcile these purchases with purchases as published in Pastel
  • Prepare monthly petty cash reconciliations
  • Process and analyze daily cash flow information
  • Implement petty cash policies and also monitor compliance
  • Processing of month-end / year-end journal entries
  • Preparation of monthly balance sheets of intercompany accounts and working papers on transactions
  • Implement and improve existing processes – GL, reconciliations and policies
  • Performance monitoring and personnel management
  • Train staff and implement new controls
  • Improve reporting timeliness and accuracy by motivating the finance team and leading the finance process
  • Prepare regular testing procedures to ensure completeness of purchase and sale transactions
  • Prepare monthly / annual closing procedures to ensure sales and purchases are accounted for in the correct period.
  • Complete all correction slips and submit documents directly to SARS / Customs.
  • Prepare and reconcile the following financial statement items – intercompany balances (loan, customer and supplier) and transactions (sales, purchases, processing costs, etc.)
  • Fixed assets register
  • Performing analysis of accounts receivable and accounts payable and preparation of individual reconciliations (by customer / supplier), if applicable
  • VAT control account
  • Preparation of intercompany balances and transaction confirmations (in accordance with interim and year-end audit procedures)
  • Prepaid expenses
  • Accruals
  • Deferred taxes
  • Current taxation
  • Prepare monthly management accounts (discussion packs) which are discussed monthly with the branch manager.
  • Prepare and reconcile the VAT control account and the completion of VAT201 submissions to SARS
  • Prepare and submit verification of the supporting documents of the VAT declaration to SARS (when an audit from the SARS side is needed.)
  • Compilation of interim and year-end audit files (electronic and paper version) This file includes the following working documents:
  • Analytical risk assessment procedures (planning and completion)
  • SPA assessment (planning)
  • Standard questionnaire (pastel)
  • Assessment of the involvement of tax specialists (planning)
  • Estimates Discussion Paper (Planning)
  • System descriptions of all major processes
  • Fraud questionnaires
  • Opening Balance Discussion Paper
  • Going Concern Discussion Paper (completion)
  • Cash Flow Statement Discussion Paper (Completion)
  • Reconciliations for all balance sheet items and all main income statement items
  • Reconciliations of all balance sheet items
  • Journal Entries Working Paper – all journal entries documented in detail and distributed among different users
  • Completeness test procedures (sales and purchases)
  • Stop test procedures (sales and purchases)
  • Intercompany account balances and transaction confirmations
  • Liaise with auditors, review audit findings and adjust journal entries
  • Resolution and improvement of external audit requests
  • Perform accountant duties when the accountant is not available
  • Display of cash purchases and fill in the police register as and when required

Terms & Conditions

  • Grade 12 / Matrix
  • Bachelor of Accounting BCom
  • Must have completed SAICA articles
  • Must have 3 to 5 years of relevant experience in article publishing
  • Experience in personnel management
  • In-depth knowledge of comprehensive IFRSs
  • In-depth knowledge of income tax and VAT law
  • Good knowledge of the Basic Conditions of Employment Act
  • Knowledge of the used goods law would be beneficial
  • Good overall knowledge of the inventory
  • Advanced computer skills (Microsoft Office, Pastel Partner, VIP, Lariat / Recycle Prox)
  • Good interpersonal and communication skills
  • 5 years + Pastel Partner experience is preferable
  • SA citizens only

Desired skills:

  • Accountability
  • Big general book
  • Cash flow
  • VAT
  • Income tax
  • VIP
  • Audit
  • Pastel partner

Desired work experience:

Desired level of qualification and accreditations:

  • Degree
  • South African Institute of Chartered Accountants

About the employer:

Steel processing company inside Durban CBD

Find out more / Apply for this position




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