Port Elizabeth: Senior Accountant posted by Headhunters

Our client in the Accounting and Auditing sector is looking to employ a Senior Accountant to join their team, based at their office in Gqeberha.

Requirements:

• Matric with Accounting at a Higher Grade
• BCom degree or equivalent degree with Accounting III and taxation
• Completed SAIPA articles or SAICA articles
• More than 6 years of experience in an accounting practice

Required Computer Packages:

• Pastel
• Microsoft Office
• CaseWare
• Xero

Key Duties and Responsibilities:

• Supervise and initiating the processing of client information 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 etc.
• Distinguish between finance and operating leases.
• 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 according to generally accepted accounting practice and a working paper file according to the standards per the training 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
• Tax planning e.g., fringe benefits and allowances
• Tax avoidance / Non-resident tax
• Secondary tax on companies
• Perform vouching tests during an audit of (Pty) Ltd and Body Corporates to verify completeness, existence, accuracy, valuation, ownership and presentation.
• 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.
• Reconciliations of input/output VAT to annual financial statements and monthly trial balances
• Compiling and discussing with the client of monthly management accounts.
• Complete a tax return for individuals, close corporations, trusts and body corporates.
• Recording and identifying short comings in internal controls
• Identifying risks and calculate materiality
• Statutory checks members certificates, founding statements, association agreements etc.
• Pre-engagement procedures
• Acquisition of members interest / shareholding
• Review the monthly files of junior to intermediate accountants
• Completion and review of Management representation letters
• Qualifying the report of an Accounting Officer
• Concept and characteristics of close corporations / private company / sole proprietor / trusts / clubs / sectional titles
• Advantages and disadvantages of the above
• Loans to members of the above
• Powers of members to bind the above
• Personal liability of members to CC/company and others
• Accounting records to be maintained
• The duties and rights of an accounting officer
• Provide assistance to junior and intermediate accountants
• Any other duty/work/client that is not the normal run-of-the-mill activity e.g. and is of a more complex nature
• Provide and develop training for junior and intermediate accountants
• Perform basic administrative duties as needed on a day-to-day basis
• Review the working papers of junior to intermediate accountants.
• Able to audit and Body Corporates and perform Independent Reviews
• Software
  • Set-up up accounting systems for clients
  • Suitable hardware and software
  • Training of client staff in using the software (Pastel)
  • Compliance with the firms System of Quality Management (SOQM), policies and procedures.
  • Compliance with the firms Employee Code of Conduct which consists of the firms HR policies, SAICA, IRBA and IESBA Codes of Conduct.

Only shortlisted candidates will be contacted. If you do not receive feedback within two weeks of applying, please consider your application unsuccessful.