Midrand: Financial Accountant posted by Pro Tem

GENERAL RESPONSIBILITIES:

• To work in support of the Finance Manager towards the optimal use of financial management best practices including providing financial and administrative services to ensure efficient and accurate financial and administrative operations in the finance division within production facility.

Key responsibilities include but are not limited to:
Credit Control & Receivables

• Manage accounts receivable and credit control processes including opening new customer accounts, customer data management & invoice processing.
• Monitor customer credit limits and aging.
• Follow up on overdue balances and resolve disputes.
• Ensure accurate revenue recognition in line with accounting standards.
• Ensure accurate allocation of receipts and debtors reconciliations.
• Weekly, Monthly and Annual Sales reporting.

Treasury

• Daily cashbook processing and reconciliations.
• Manage cash flow forecasting.
• Monitor funds, liquidity, and payment cycles.
• Weekly, monthly & annual treasury reporting.
• Foreign Currency Reconciliations and Revaluations including monitoring forex exposure and reporting.
• Exchange Controls Application renewals.
  Bank liaison.

Payroll Processing & Reporting

• Review and process monthly payroll.
• Payment of monthly salaries and benefits service providers.
• Reconcile salaries, leave, bonus accruals and all payroll accruals to general ledger.
• Prepare payroll-related statutory reports i.e. EMP201, EMP501, Workmens Compensation, UFiling, STATSSA

Inventory Management

• Perform inventory valuation and reconciliations.
• Monitor stock movements and adjustments.
• Support periodic stock counts and investigations.
• Preparation and interpretation of weekly, monthly and annual inventory reports i.e. inventory ageing, in transit, movements and inventory on hand.

Financial Analysis, Support and Reporting

• Lead month?end and year?end close processes.
• Ensure accurate cut?off and posting of transactions.
• Maintain general ledger integrity, reconciliations and supporting schedules for accruals, prepayment, expense analysis and all month end journals.
• Prepare specialized reports by studying variances, preparing budgets and developing rolling forecasts.
• Respond to financial enquiries by gathering, analyzing summarizing and interpreting data.
• Perform variance analysis and financial trend reviews.
• Perform monthly balance sheet reconciliations including investigation of all reconciling items and ensuring timely resolution.
• Maintain audit?ready documentation for all balances.
• Preparation and interpretation of weekly, monthly & annual management reports, financial statements and statutory reports
• Custodian of Hyperion reporting template file.
• Developing and managing production KPIs and costings
• Meet strict month?end deadlines and reporting timetables.
• Prepare VAT reconciliations and submit returns.
• Assist with income tax calculations and deferred tax schedules
• Ensure compliance of statutory taxes.

Compliance and Controls:

• Ensure compliance with IFRS, company policies, and financial legislation
• Maintain and strengthen internal controls
• Compilation and maintenance of the monthly audit and report file.
• Follow approval matrices and segregation?of?duties requirements
• Support governance, audit, and risk management activities
• Review and maintain accuracy, completeness, and reasonableness before submission of all reports.
• Extract and validate data from ERP/accounting systems
• Improve reporting efficiency through automation and standardization
• Support statutory audits and regulatory submissions including liaising with auditors and regulatory bodies.

SKILLS AND COMPETENCIES

• Strong analytical and problem-solving skills
• Ability to perform duties with limited supervision
• Deadline orientated with attention to detail
• Hands-on, proactive approach
• Above average verbal, written communication and listening skills
• Good analytical skills with attention to detail
• Good interpersonal and decision-making skills
• Ability to build strong effective relationships with clients, colleagues and management
• Team player and must achieve objectives as set out by management
• Must be meticulous in carrying out tasks/instructions
• Knowledge of Accounting Software (Sage Evolution an advantage)
• Knowledge of Payroll software

MINIMUM REQUIREMENTS

• BCom Finance or equivalent
• 3 – 5 years in a similar role with at least 2 years experience at a supervisory role
• Bookkeeping with full accounting experience function
• Payroll related experience
• Excellent understanding of accounting principles
• Strong leadership skills
• Ability to work under pressure and fast paced environment.