Job Description
Our client, an established company within the financial sector is seeking to hire a highly skilled and experienced Financial Controller to join their team. This is an excellent opportunity for an individual with strong planning and organising abilities to grow their career within a reputable organisation.
Your:
Formal Education:
- Degree in Accounting or equivalent (BCom or BCompt (Acc))
Experience:
- Completed articles and 3 years’ experience in bookkeeping or accounting function as Accountant II OR 10 years’ experience in bookkeeping/ accounting function
will enable you to do the following:
Procurement and suppliers:
- Responsible for reviewing of primary source documents
- Responsible for ensuring adherence to the Group’s policies, procedures, budget limits and Levels of Authority regarding goods and services procured
- Responsible for completing “checks” on completeness of supporting documentation maintained and ensuring accountants are aware of any shortcomings in this procedure
- Providing feedback to financial manager on any problems
- Assists in other areas where required
General accounting records and reconciliations:
- Reviews the accounting records to assert whether they are materially valid, accurate and complete
- Providing feedback to financial manager on any problems
- Reviews the fixed asset registers
- Responsible for the review of periodic records including balance sheet reconciliations
- Prepares reconciliation schedules for more complex account balances and reviews schedules prepared by bookkeeper and to ensure that the balance sheet is appropriately reconciled
- Primarily responsible for the validity, accuracy and completeness of transactions processed in the accounting records in a consistent manner
- Ensure the intercompany process is accurate and complete
- Responsible for preparing calculations where required of amounts recognised in the accounting records
- Reviews Payroll information with supporting documentation
- Reviews instruction received from Group in relation to specific entity and ensures instruction is relevant, accurate and understood before actioning
- Providing feedback to financial manager on any problems
- Assists in other areas where required
Management information:
- Reviews all management information prepared (management accounts, budgets and other) to ensure accuracy and proper analysis thereof
- Responsible for preparing an accurate budget, including the update of forecasts and all supporting schedules timeously
- Prepares and maintains all other management information requested by the executive management team
- Develops management information reporting templates
- Assists in other areas where required
Sales function:
- Prepares and maintains calculations for revenue generated (including supporting documentation)
- Performs checks on inputs used for system generated revenue calculations to approved sources (agreements etc)
- Performs checks on inputs used for system generated revenue calculations to approved sources (agreements etc)
- Providing feedback to financial manager on any problems
- Updates and maintains summaries of Assets Under including movements
- Assists in other areas where required
Treasury and financial soundness:
- Reviews functions performed by the bookkeepers and accountants
- Takes ownership of the validity, accuracy and completeness of the weekly and long-term cash flow preparation in line with the required timelines
- Prepares calculations to monitor financial soundness requirements for current and future periods (liquidity, cash holdings, CAR & solvency)
- May be required to be a releaser of payments and beneficiaries on the banking platform
- Assists in other areas where required
Taxation:
- Reviews the VAT reconciliations and working papers prepared by the accountants
- Escalates any unresolved problems to financial manager
- Reviews the Income tax returns prepared by bookkeepers and accountants
- Review tax computations monthly and income tax return before submission to SARS
- Prepared DWT returns for submission
- Ensures that all audit queries are addressed timely and that valid tax clearance is maintained at all times
- Ensures that payment for all tax types are paid within the prescribed timeframes
- Assists in other areas where required
Audit and year-end:
- Primarily responsible for providing all information to the auditors and Group management timeously
- Preparation of annual financial statements
Special projects:
- Is primarily responsible for the execution and day-to-day monitoring of the project
Strategic and other areas:
- Participates in meetings
- More detailed to complex communications required
- Decision making requires thorough analysis of best practice and research
- Subject matter knowledge is more detailed and on cluster level
- Collaborates and provides feedback for consideration of policies and strategy
- Limited negotiation with peers and subordinates
- Presents/trains peers and subordinates
- Assists in other areas where required
How to Apply
Click the green “Go Apply” button below to apply directly online with the employer.
About Banking Jobs in Gauteng
The banking industry in Gauteng, South Africa is a dynamic and growing sector, with a strong demand for skilled professionals. Typically, job seekers in this field can expect to find opportunities across various sectors, including financial services, technology, and manufacturing. Generally, the industry outlook remains positive, with a common expectation of steady growth and expansion.
When it comes to salary expectations, banking positions in Gauteng typically fall within broad ranges, often influenced by factors such as experience, company size, and industry sector. For instance, entry-level positions may start around R400 000 per annum, while senior roles can exceed R800 000. However, please note that these figures are approximate and can vary significantly depending on individual circumstances.
Common skills required for banking roles in Gauteng include proficiency in financial software, strong analytical and problem-solving abilities, excellent communication and interpersonal skills, and a solid understanding of regulatory requirements. Other essential skills often include technical expertise in areas such as accounting, risk management, or compliance. Additionally, many employers place a high value on emotional intelligence, creativity, and adaptability.
The banking industry is commonly found in sectors such as financial services, technology, manufacturing, and corporate finance. Financial services companies, for example, are often major players in the industry, while technology firms may require banking professionals with technical expertise. Manufacturing sector banks also exist, catering to the needs of specific industries.
Career development opportunities abound in the banking industry, with many positions offering clear career progression paths. Typically, entry-level roles can lead to senior management positions or specialized fields such as risk management or compliance. Opportunities for professional development, training, and mentorship are often available within organizations, allowing professionals to build expertise and advance their careers.
This information provides general career guidance. Actual salaries and requirements vary by employer.
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