Senior Accountant

SUMMARY:
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POSITION INFO:

Renowned Company is looking for a Senior Accountant to join their team

Academic Qualifications Required:

• Matric with Accounting at a Higher Grade
• BCom degree or equivalent degree with Accounting III and taxation
• Completed SAIPA articles or SAICA articles

OR

• More than 6 years of experience in an accounting practice

Skills:

• Interpersonal skills
• Communication skills: Be able to converse in English / Afrikaans / Xhosa (advantageous)
• Report writing skills
• Time Management
• Problem solving skills
• Organisational skills
• Training presentation skills
• Supervisory skills: Ability to supervise junior and intermediate accountants and provide leadership.
• Strong Accounting, Taxation and Auditing knowledge
• Decisive and accurate
• Ability to prioritise
• Ability to work under pressure in a deadline-driven environment

Required Computer Packages:

• Pastel
• Microsoft office – Excel and Word, Windows
• CaseWare
• Xero

Key Duties and Responsibilities – Key Performance Indicators:

• Supervise and initiating the processing of client information 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 levies and VAT.
• Completion of statutory returns e.g., UIF/SDL/PAYE/VAT.
• Liase with client re payment of the above returns.
• 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

Other

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
• Provide and develop training for 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 and Body Corporates and perform Independent Reviews
• Software
• Set-up up accounting systems for clients
• Suitable hardware and software
• Training of client staff in using the software (Pastel)
• Compliance with the firm’s System of Quality Management (SOQM), policies and procedures.
• Compliance with the firm’s Employee Code of Conduct which consists of the firm’s HR policies, SAICA, IRBA and IESBA Codes of Conduct.
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