Job Description
About the Role
The Financial Accountant will provide financial and administrative services to support the optimal use of financial management best practices in our production facility. The successful candidate will be responsible for ensuring efficient and accurate financial operations, as well as providing support to the Finance Manager.
Key Responsibilities
- Credit Control & Receivables: Manage accounts receivable and credit control processes, including opening new customer accounts, customer data management, and 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.
- 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 KPI’s and costings.
Requirements
- 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
Qualifications
- BCom Finance or equivalent
How to Apply
Click the green “Go Apply” button below to apply directly online with the employer.
About Accounting / Finance Jobs in North Johannesburg
North Johannesburg is home to a thriving financial services sector, with many multinational companies having operations in the region. Typically, the accounting and finance industry in this area experiences steady demand for skilled professionals, driven by the growth of the economy and the need for organisations to maintain accurate financial records and make informed business decisions.
When it comes to salaries, typically the range for accounting and finance positions in North Johannesburg is quite broad, with experience, company size, and industry sector all playing a significant role in determining actual salaries. Generally, junior positions in this field can expect salary ranges of around R400 000 to R600 000 per annum, while senior roles can command salaries upwards of R1 million. However, it’s essential to note that these are broad estimates, and actual salaries may vary significantly depending on individual circumstances.
Common skills required for accounting and finance positions in North Johannesburg include proficiency in financial software, such as SAP or Excel, as well as a solid understanding of financial principles and regulations. Typically, candidates with a degree in accounting or finance, as well as relevant work experience, are best positioned to secure these roles. Other key skills include attention to detail, analytical thinking, and effective communication.
The financial services sector is one of the most significant industries that commonly employs accountants and finance professionals in North Johannesburg. Other sectors that often require these skills include technology, manufacturing, and retail. Typically, organisations in these industries need accounting and finance staff to manage their financial transactions, prepare financial statements, and provide insights to inform business decisions.
For those interested in pursuing a career in accounting or finance, there are many opportunities for development and advancement. Typically, junior roles can provide valuable experience and training, which can be used as a springboard for more senior positions within the organisation. External training programs, such as certifications offered by the South African Institute of Chartered Accountants (SAICA), can also enhance career prospects. With dedication and hard work, it’s generally possible to progress to leadership roles or transition into related fields, such as business analysis or financial planning.
This information provides general career guidance. Actual salaries and requirements vary by employer.
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