Job Description
About the Role
Our client, a leader in the retail industry, is seeking a highly experienced Financial Accountant to join their team based in Durban. The successful candidate will be responsible for managing the financial operations of the company and providing strategic financial guidance to management.
Key Responsibilities
- Management of the monthly general ledger close process
- Completion of monthly and ad hoc journal entries and review of general ledger team journal entries
- Completion and review of balance sheet recons
- Preparation and compilation of budget and forecast reports
- Monthly reporting and commentary of financial status per cost centre to management
- Tracking of monthly results per cost centre against budget and prior year
- Daily cash flow forecasting and budgeting
- Interim and year-end reporting including IFRS journal processing, monitoring of accruals and reporting pack completion
- Administer and control accounting procedures
- Develop financial policies and parameters
- Ensure statutory compliance to the auditors satisfaction
- Manage and control bank accounts, and petty cash
- Manage company assets
- Assist with ad hoc projects and technical research areas
- Staff management (team of approximately 6 people) and cross departmental Engagement
- Co-ordination of general ledger, debtors and creditors teams
- Identifying areas of inefficiencies in processes and implementation of continuous improvement practices
- Project oversight and implementation
Requirements
- Bachelor’s degree in Commerce or Finance
- CA(SA) advantageous
- Minimum of 5 years experience in a similar position
- Retail industry experience
- Proficiency in related computer applications including SAP (advantageous), MS Office (intermediate level)
Qualifications
- Formal education/certifications not specified
Salary & Benefits
Not specified
How to Apply
Click the green “Go Apply” button below to apply directly online with the employer.
About Other Retail Jobs in Kwazulu-Natal
In the retail sector of Kwazulu-Natal, South Africa, the general job market trends suggest a relatively stable industry with opportunities for growth and development. Typically, retailers in this region focus on providing excellent customer service while managing inventory and maintaining store appearance. Generally, these roles require adaptability to changing consumer needs and preferences.
Salaries for retail positions in Kwazulu-Natal can vary widely depending on factors such as experience, company size, and industry sector. Commonly, entry-level roles may start within the R10 000 – R15 000 per month range, while experienced professionals may earn between R25 000 – R40 000 per month or more. It’s essential to note that these figures are only a general guide and actual salaries can vary significantly.
To succeed in retail positions, common skills include excellent communication and interpersonal skills, the ability to work well under pressure, and basic knowledge of point-of-sale systems and inventory management software. Other important skills typically required include attention to detail, customer service skills, and the ability to adapt to new technologies and processes. Generally, retailers in this region are expected to be proactive and responsive to customer needs.
The retail sector is a diverse industry, with various sectors commonly employing these roles. Financial services sector retailers often provide financial products and services, while technology industry retailers focus on electronic goods and gadgets. Manufacturing sector retailers may sell products manufactured locally or imported from other countries. Retailers working in these industries typically require knowledge of their specific product lines and market trends.
For career development, retail professionals can expect opportunities to advance into management roles or specialize in a particular area, such as visual merchandising or supply chain management. Typically, promotions are based on performance, customer service skills, and adaptability to new initiatives and technologies. With experience and additional training, retailers can move into more senior roles, including store manager or district manager positions, or explore related careers in fields like marketing or human resources.
This information provides general career guidance. Actual salaries and requirements vary by employer.
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