Client Accounting Manager (SAIPA qualified)

SUMMARY:
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POSITION INFO:

Our client, a leader in the finance sector and based in Port Elizabeth, is currently looking to employ an experienced (SAIPA qualified) Accounting Manager in their small business unit division; viz. close corporations / private company / sole proprietor / trusts / clubs / sectional titles.

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Responsibilities:

• Processing of accounting records onto a computerised accounting system resulting in an accurate and complete set of books.
• Completing of annual financial statements of CC’s, trusts, sole proprietors and Body Corporates and working paper files.
• Calculation of taxation owing by business and individuals.
• Completion of statutory returns e.g. PAYE, UIF, SDL, VAT, Workman’s Compensation ect.
• Completion of annual IRP5’s and IRP501’s.
• Liaising with clients directly.
• Supervise and train junior and intermediate accountants.
• Supervise and initiating the processing of client information cheques, receipts, sales invoices, purchase invoices
• Perform bank reconciliations
• Processing and reconciling of Petty Cash and cash control accounts
• Keeping of a fixed asset register
• General journals – e.g. depreciation, provisions, interest, salaries, stock, etc.
• Process journal entries e.g. new instalment sale agreements, interest on borrowings, provisions, accruals of income and expenses, bad debts etc.
• Distinguish between finance and operating leases.
• Foreign exchange transactions
• Reconcile debtors and creditors statements.
• Correct accounting treatment on disposal of assets (property, plant & equipment) and investments and the calculation of the taxation on capital gains/losses.
• Analyse the resulting trial balance for mistakes / deviations and be able to discuss the results with the client.
• Analytical review of AFS – GP%, Inventory days, Creditors days, Debtors days
• Ability to record books from insufficient records.
• Produce a draft set of financials according to generally accepted accounting practice and a working paper file according to the standards per the training file for sole proprietors, close corporations, trusts, partnerships, small business corporations, farmers and Body Corporates.
• Prepare the notes to financial statements
• Formulate accounting policies
• Identifying provisions and contingent liabilities
• Calculate the tax liability for sole proprietors, individuals, close corporations and trusts, small business corporations, farmers, Body corporates and partnerships.
• Calculate the taxation on lumpsum payments by retirement
• Tax planning – e.g. fringe benefits and allowances
• Tax avoidance / Non-resident tax
• Secondary tax on companies
• Perform vouching tests during an audit of (Pty) Ltd and Body Corporates to verify completeness, existence, accuracy, valuation, ownership and presentation.
• Calculation of PAYE/UIF/SDL/RSC levies and VAT.
• Completion of statutory returns e.g. UIF/SDL/PAYE/RSC/VAT.
• Liaise with client re payment of the above returns.
• Preparations of payroll.
• Issuing of IRP5’s and IT3’s and reconciliation to IRP501 at year end.
• Reconciliations of input/output VAT to annual financial statements and monthly trial balances
• Compiling and discussing with the client of monthly management accounts.
• Complete a tax return for individuals, close corporations, trusts and body corporates.
• Recording and identifying short comings in internal controls
• Identifying risks and calculate materiality
• Statutory checks – member’s certificates, founding statements, association agreements etc.
• Pre-engagement procedures
• Acquisition of member’s interest / shareholding
• Review the monthly files of junior to intermediate accountants
• Completion and review of Management representation letters
• Qualifying the report of an Accounting Officer
• Concept and characteristics of close corporations / private company / sole proprietor / trusts / clubs / sectional titles
• Advantages and disadvantages of the above
• Loans to members of the above
• Powers of members to bind the above
• Personal liability of members to CC / company and others
• Accounting records to be maintained
• The duties and rights of an accounting officer
• Provide assistance to junior and intermediate accountants
• Any other duty/work/client that is not the normal run of the mill activity e.g. and is of a more complex nature
• Assist in the running of the Accounting department with proposals etc..
• Provide and develop training to junior and intermediate accountants
• Perform basic administrative duties as needed on a day to day basis
• Review the working papers of junior to intermediate accountants.
• Able to audit Pty Ltd and Body Corporates
• Valuations
• Software
• Set-up of accounting systems for clients
• Suitable hardware and software
• Training of client staff in using the software (Pastel)
• Keep up to date with changes in:
• Taxation (Income tax, Value Added Tax)
• Generally Accepted Accounting Practise
• Basic knowledge of FAIS Act / FICA Act / DTI-Incentive programmes / Labour laws
• Client/Employee confidentiality to be maintained
• Display a courteous and respectful attitude towards other staff members, partners and clients at all times

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Requirements:

• BCom degree with Accounting III, Auditing and taxation
• Technicon diploma with Accounting III, Auditing and taxation
• SAIPA Qualified
• 3rd year of CPA training OR
• More than 5 years of experience in an accounting practice

• Good working knowledge of Pastel, Microsoft office – excel and word, Windows, Caseware (although not compulsory), Payroll (not compulsory), Accfin tax package (not compulsory)

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Please consider your application unsuccessful should you not receive a response within 2 weeks of applying.

NB! This job is now closed. You can apply for other jobs by uploading your CV.