Senior Accountant

SUMMARY:
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POSITION INFO:
Job Holder Job Title Senior Accountant Business Unit Finance Department Geographic Location Parktown, Johannesburg Name & Title of Direct Superior Finance Manager Number of Immediate Subordinates\/ Direct Reports None +--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------+ | Main Purpose of Job | +====================================================================================================================================================================================================================+ | You will play a key role in ensuring the accuracy and integrity of financial transactions, maintaining compliance with accounting standards, and contributing to the overall financial health of the organization. | | | | The Senior Accountant will work collaboratively with cross-functional teams and provide valuable insights for strategic decision-making. | +--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------+ +---------------------------------------------------------------------------------------------------------------------------------------------------------------------------+ | Key Performance Areas (Core, essential responsibilities --outputs of the position) | +===========================================================================================================================================================================+ | Financial Reporting and Analysis | | | | - Prepare accurate monthly management accounts, including income statements, balance sheets, cash flow statements and supporting schedules. | | | | - Analyse financial performance against budgets, forecasts and prior periods, providing clear explanations and actionable insights. | | | | - Ensure financial reporting is accurate, complete and submitted within agreed deadlines. | | | | Month-End and Year-End Close | | | | - Coordinate month-end and year-end closing processes, including journals, accruals, provisions and balance-sheet reconciliations. | | | | - Prepare audit schedules and support internal and external audit processes. | | | | - Investigate and resolve outstanding balances and reconciling items. | | | | General Ledger Management | | | | - Maintain the accuracy and completeness of the general ledger and supporting ledgers, including creditors, debtors, inventory, fixed assets and intercompany accounts. | | | | - Perform regular reconciliations and resolve discrepancies promptly. | | | | - Ensure transactions are recorded against the correct company, department, account and reporting period. | | | | Budgeting and Forecasting | | | | - Assist with the preparation and consolidation of annual departmental budgets, forecasts and cash flow projections. | | | | - Analyse actual performance against budget and support departments in understanding and managing variances. | | | | - Ensure budgets reflect approved sales, pricing, cost, headcount and operational assumptions. | | | | Payments and Supplier Management | | | | - Prepare and process local and foreign supplier payment batches in accordance with approved payment terms and authority levels. | | | | - Review supplier reconciliations and resolve payment, invoice and stock receipt queries. | | | | - Ensure payments are supported by valid documentation and appropriate approvals. | | | | Inventory and Stock Accounting | | | | - Reconcile stock receipts, purchase orders, supplier invoices and third-party warehouse records. | | | | - Ensure inventory and landed costs are accurately recorded and valued in accordance with approved accounting policies. | | | | - Monitor stock in transit, inventory provisions, slow-moving and expired stock, and investigate stock discrepancies. | | | | Pricing, SEP and New Product Launches | | | | - Maintain approved product pricing, including SEP updates, tender prices, customer price lists and related system changes. | | | | - Verify that approved pricing changes are correctly implemented across the ERP, IHS and other relevant systems. | | | | - Support new product launches through product costing, margin analysis, master-data setup, budgeting and finance readiness checks. | | | | Compliance, Controls and Audit | | | | - Maintain effective financial controls over payments, inventory, pricing, journals and master-data changes. | | | | - Support statutory, internal, external and B-BBEE audits by preparing accurate schedules and supporting documentation. | | | | - Assist with the maintenance of finance policies, standard operating procedures and audit action plans. | | | | SARB and Exchange-Control Compliance | | | | - Maintain complete supporting documentation for foreign payments, imports and foreign currency transactions. | | | | - Reconcile supplier invoices, payments, shipments and customs documentation, including SAD500 and Import Verification System requirements. | | | | - Liaise with banks, suppliers, freight partners and clearing agents to resolve outstanding exchange-control documentation and queries. | | | | - Ensure Balance of Payments classifications and foreign payment submissions are accurate and compliant. | | | | Systems and Process Improvement | | | | - Support ERP implementation, system integrations and improvements to finance processes and reporting. | | | | - Identify opportunities to strengthen controls, improve efficiency and automate recurring finance activities. | | | | - Work closely with relevant departments and external service providers to resolve financial and operational matters. | | | | Ad Hoc Responsibilities | | | | - Participate in financial, operational, compliance and strategic projects as required. | | | | - Perform any other reasonable finance-related duties or ad hoc tasks assigned by management. | +---------------------------------------------------------------------------------------------------------------------------------------------------------------------------+ +-----------------------------------------------------------------------+ | Minimum Requirements | +=======================================================================+ | EDUCATION | | | | - Bachelor of Accounting with Honours | | | | Preference for candidates from : | | | | - UCT | | | | - UJ | | | | - University of Pretoria | | | | - Wits | | | | EXPERIENCE | | | | - CA -- 2-3 years post articles experience OR | | | | - CIMA -- 2-3 Years experience OR | | | | - BCOM Hons -- 3-5 years' experience | | | | SKILLS\/PHYSICAL COMPETENCIES | | | | - Good knowledge of Microsoft Office (Word, Outlook) | | | | - Advanced Excel | | | | - Good knowledge of Pastel\/similar accounting system | | | | BEHAVIOURAL QUALITIES | | | | - Strong analytical and problem-solving skills. | | | | - Excellent attention to detail and organizational abilities. | | | | - Effective communication and interpersonal skills. | | | | - Deadline driven | | | | - Time Management skills | | | | - Able to work under pressure | | | | - Planning skills | | | | - Use Initiative | +-----------------------------------------------------------------------+ +-----------------------------------------------------------------------------------------------------------------------------------------------+ | Collaboration: Refers to formal and informal relationships. | +===============================================================================================================================================+ | - Collaborate with other departments, such as procurement, operations, and finance, to ensure accurate financial recording of transactions. | | | | - Participate in cross-functional teams for projects related to financial process enhancements. | +-----------------------------------------------------------------------------------------------------------------------------------------------+ +----------------------------------------------------------------------------------------------------------------------------------------+ | General working conditions (e.g. shift work, drivers' license, specific tools, special clothing, environmental requirements, etc.) | +========================================================================================================================================+ | - Drivers License | | | | - May be required to work overtime when requested | +----------------------------------------------------------------------------------------------------------------------------------------+ +-----------------------------------------------------------------------+ | Travel | +=======================================================================+ | - None | +-----------------------------------------------------------------------+ Approval Manager Signature Date