Financial Accountant

SUMMARY:
An opportunity has become available for a suitably qualified and experienced Financial Accountant in Durban.

POSITION INFO:

This position is responsible for daily production accounting transaction processing, for accurate and timeous reporting of financial information and for providing support to external customers.

Essential duties and responsibilities

General Ledger

• Summarise current financial status by collecting information and finalizing Trial Balance
• Preparation of general ledger reconciliations
• Prepare asset and liability account entries by compiling and analysing account information
• Processing of all general ledger journal entries including accruals & prepayments.
• Substantiate financial transactions by reviewing documents
• Analyse warrantee costs & chargeback to suppliers
• Assisting with preparation of year-end audit packs
• Ensures IFRS compliance.

Creditors

• Capturing of GRV’s & creditors invoices on the system as required
• Preparation of creditors’ reconciliations.
• Verifying documentation, and requesting disbursements
• Capturing of payments as per the payment schedule / cash flow.

Debtors

• Capturing of sales orders on the system as required
• Preparation of electronic statement & submission to customer for upload by due date
• Capturing of customer payments
• Debtors reconciliation & Backdate calculations for Customer

Cashbook

• Capturing of cashbooks by deadline date ensuring accurate bank reconciliation are performed.
• Assets
• Maintenance of fixed asset registers and Tax Register.
• Review & control of capital expenditure and documentation
• Prepare asset reports & ensure asset register compliance to IFRS

Taxes

• Calculation of monthly tax provision for management accounts purposes
• Calculation of Provisional Tax payments
• Preparation of tax schedules

Banking

• Preparation of cash flow forecast.
• Capturing of Local & International payments supplier payments on electronic banking
• Obtain reserve bank approvals for international payments
• Submit documentation to international banking for beneficiary and payment releases
• Preparation of payment and receipt schedules for cash flow management purposes.

Statutory

• Preparation of VAT returns ensuring that tax, legislative and statutory requirements are met.
• STATS SA Reporting
• Capture of Vat & PAYE on SARS e filling
• Assist with SARS queries.

Payroll

• Import Salaries journals
• Analyse foreign salary schedule and provide HR payroll calculations for Expats salary
• Reconcile expat bonus payout received against provisions for made for that period
• Request for HR to make the necessary adjustment journals to account for under / over payroll provisions for that period.

Reporting

• Preparation of financial reports and record keeping for the company.
• Assist with preparation of Annual Budget & revised Budget
• Preparation of management accounts.
• Compile & Submit APDP & EU reports

Other

• Assisting with the administration & capture of stock takes
• Calculation of royalties
• Liaise with company insurer for claims & policy renewals etc.
• Administering the petty cash.
• Assisting the Accounting Manager with ad-hoc tasks.

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