Port Elizabeth: Senior Accountant posted by Placement Point

About the Role

Placement Point is seeking an experienced Senior Accountant to join our team based in Port Elizabeth. As a key member of our accounting department, you will be responsible for providing high-quality financial services to our clients and ensuring the accuracy and compliance of our financial records.

Key Responsibilities

• Supervise and initiate the processing of client information receipts, sales invoices, purchase invoices
• Perform bank reconciliations
• Process and reconcile Petty Cash and cash control accounts
• Keep a fixed asset register
• General journals (e.g., depreciation, provisions, interest, salaries, stock)
• Process journal entries (e.g., new instalment sale agreements, interest on borrowings, provisions, accruals of income and expenses, bad debts)
• Distinguish between finance and operating leases
• Reconcile debtors and creditors statements
• Correct accounting treatment on disposal of assets (property, plant & equipment) and investments and the calculation of taxation on capital gains/losses
• Analyse the resulting trial balance for mistakes/deviations and discuss with clients
• Analytical review of AFS GP%, Inventory days, Creditors days, Debtors days
• 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, Body Corporates
• Prepare notes to financial statements
• Formulate accounting policies
• Identify provisions and contingent liabilities
• Calculate tax liability for sole proprietors, individuals, close corporations and trusts, small business corporations, farmers, Body corporates and partnerships
• Calculate 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 clients 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
• 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
• Perform basic administrative duties as needed on a day-to-day basis
• Review the working papers of junior to intermediate accountants
• Audit and Body Corporates and perform Independent Reviews

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 accounting practice
• Interpersonal skills
• Communication skills: Be able to converse in English/Afrikaans/Xhosa (advantageous)
• Report writing skills
• Time Management
• Problem solving skills
• Organisational skills
• Training presentation skills
• Supervisory skills: Ability to supervise junior and intermediate accountants and provide leadership

Qualifications

• Formal education/certifications are required for this position.