Job Description
Senior Accountant required for a reputable accounting firm based in East London , Eastern Cape
Requirements:
- BCom degree or equivalent work experience
- Completed articles (advantageous)
- Caseware (advantageous)
- Vanilla Payroll (advantageous)
- Pastel (advantageous)
- Xero (advantageous)
- Communication skills: Be able to converse in English/Afrikaans/Xhosa (advantageous)
Responsibilities:
- 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 ect.
- 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 and a working paper 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
- Non-resident tax
- Withholding Tax on companies
- Calculation of PAYE/UIF/SDL levies and VAT.
- Completion of statutory returns e.g. UIF/SDL/PAYE/VAT.
- Liaise with client re payment of the above returns.
- Preparations of payroll.
- Issuing of IRP5s and IT3s and reconciliation to EMP501 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.
- Recording and identifying short comings in internal controls
- Accounting for Loans on Related Parties
- Set-up of accounting systems for clients
About Accountant Jobs in Eastern Cape
The Eastern Cape is home to a diverse range of industries, including financial services sector, technology industry, and manufacturing sector, which often employ accountants. Typically, these roles involve providing financial management, planning, and analysis services to clients or internal stakeholders. Generally, the demand for skilled accountants remains strong in the region due to the growth of small businesses and multinational corporations operating in the area.
In terms of salary expectations, accountants in Eastern Cape can typically expect a range of R600 000 to R1 200 000 per annum, although this figure can vary greatly depending on factors such as experience, company size, and industry sector. For example, senior accountants or those working for large multinational corporations may earn higher salaries than entry-level positions or those in smaller companies. It’s also worth noting that performance-based bonuses and benefits packages can significantly impact overall remuneration.
Common skills required for accountant roles include proficiency in financial software such as Xero, Sage, or QuickBooks; strong analytical and problem-solving skills; attention to detail; excellent communication and interpersonal skills; and a solid understanding of tax laws and regulations. Typically, accountants must also possess a strong work ethic, be able to manage multiple projects simultaneously, and demonstrate adaptability in a fast-paced environment.
The financial services sector is often a common employer of accountants in Eastern Cape, as it requires skilled professionals to manage financial transactions, prepare financial statements, and ensure compliance with regulatory requirements. The technology industry also frequently hires accountants to oversee financial planning, budgeting, and forecasting, while manufacturing companies may require accountants to track inventory levels, manage costs, and optimize production processes.
In terms of career development, accountants in Eastern Cape can typically expect opportunities for advancement within their current organization or to pursue senior roles in related fields such as management accounting, forensic accounting, or auditing. Typically, professionals with experience working in industry may be more competitive in the job market than those new to the field, while continuing professional development and obtaining relevant certifications (such as CIMA or ACCA) can also enhance career prospects.
This information provides general career guidance. Actual salaries and requirements vary by employer.
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