Job description
Location: Head Office, Paarl
Reports to: Group Financial Manager
Manages: Creditors: Head Office; Factory Accounting Clerks
The Group Financial Accountant is responsible to ensure the reliability of financial information and reporting used within the Group for optimal decision-making and to support other business functions with information and advice on business decisions. The Group Financial Accountant is also responsible for the Group treasury function, internal audit processes and other tasks required to assist in the effective management of the entire Group finance function.
| KEY RESPONSIBILITIES & DUTIES | Time (% and days/ month) |
| MANAGEMENT ACCOUNTS
Ensure accurate financial information for monthly management accounts. 1. Reconcile balance sheet accounts monthly and investigate discrepancies and variances. 2. Reconcile and sign off on all bank accounts monthly. 3. Maintain general ledger chart of accounts on Evolution. 4. Process recurring and non-recurring general ledger journals. 5. Review recurring and non-recurring general ledger journals processed by the Group Financial Manager. 6. Manage the accuracy, completeness and validity of the fixed asset register. 7. Monitor and maintain the capital expenditure reconciliation and records.
|
26%
5.67 days
|
| TAXATION
Ensure the accuracy, completeness and timeliness of taxation requirements.
1. Calculate and reconcile the monthly EMP201 for all Group companies. 2. Calculate and reconcile the monthly VAT201 for all Group companies. 3. Complete annual corporate income tax return for all Group companies based on the audited corporate income tax calculation. 4. Reconcile and submit the bi-annual EMP501 for all Group companies.
|
9%
2 days |
| TREASURY
Ensure adequate cashflow for the Group through overseeing the weekly, monthly and ad hoc payment process, and managing the cashflow between Group bank accounts. Ensure accuracy and validity of supplier details on the electronic banking systems. 1. Review and approve the weekly, monthly and ad hoc local currency payment run for all Group entities. 2. Review and capture all new and amended beneficiary bank details, which include: a. Verify the VAT number of new beneficiaries b. Verify the bank account of new and amended beneficiaries 3. Communicate the cashflow position of the Group to the Group Financial Manager and Managing Director on a regular basis. 4. Liaise with the banks when required.
|
37%
8 days |
| EXTERNAL AND INTERNAL AUDIT
Ensure a successful and efficient internal and external audit process.
1. Manage the financial year end audit through liaising with external auditors. 2. Develop and implement an efficient internal audit control process, through the following: a. Identify the relevant financial risks at each factory. b. Develop a suitable solution / control to mitigate the risk. c. Monitor the suitable solution / control. d. Report on the findings and solutions to the Group Financial Manager on a quarterly basis.
|
9%
2 days |
| OTHER
Ensure that all other finance tasks within the Group are adequately addressed by the finance team. 1. Calculate and submit quarterly and annual Statistics South Africa data. 2. Assist the Group Financial Manager with the annual budgeting process. 3. Assist the Group Financial Manager with the annual forecasting process. 4. Ensure that all financial documentation is completed, saved, filed and stored according to the Group policy and in accordance with the external audit requirements. 5. Lead business improvement projects within the finance department. 6. Liaise with the Group IT service providers as and when required. 7. Analise cost and trends to provide information to the relevant teams for decision making.
|
18%
4 days |
REQUIRED SKILLS AND COMPETENCIES
- A BCom degree with SAICA / SAIPA / CIMA articles and 2 years post article experience
- Establishing and maintaining interpersonal relationships: Developing constructive and cooperative working relationships with others and maintaining them over time.
- Communication & coordination: – Talking to others to convey information effectively & adjusting actions in relation to others’ actions. Providing information to supervisors, co-workers, and subordinates by telephone, in written form, e-mail, or in person.
- Organizational & prioritisation skills: The ability to arrange things or actions in a certain order or pattern according to a specific rule or set of rules. Developing specific goals and plans to prioritize, organize, and accomplish your & other’s work.
- Initiative & great problem-solving skills: Identifying complex problems and reviewing related information to develop and evaluate options and implement solutions.
- Critical thinking & analysis: Using logic and reasoning to identify the strengths and weaknesses of alternative solutions, conclusions or approaches to problems.
- Judgement & decision-making: Observing, receiving, and otherwise obtaining information from all relevant sources. Considering the relative costs and benefits of potential actions to choose the most appropriate one.
- Ability to manage & monitor others: Monitoring/Assessing performance of yourself, other individuals, or organizations to make improvements or take corrective action & work unsupervised. Getting members of a group to work together to accomplish tasks. Identifying the developmental needs of others and coaching, mentoring, or otherwise helping others to improve their knowledge or skills.
- Active listening: Giving full attention to what other people are saying, taking time to understand the points being made, asking questions as appropriate, and not interrupting at inappropriate times.
- Comprehension Skills: Understanding written sentences and paragraphs in work related documents.
- Time & project management Skills: Managing one’s own and others tasks & time according to specific plans, expectations, timelines & deadlines.
- Negotiation skills: Bringing others together and trying to reconcile differences.
- Deductive reasoning:The ability to apply general rules to specific problems to produce answers that make sense.
- Inductive reasoning: The ability to combine pieces of information to form general rules or conclusions (includes finding a relationship among seemingly unrelated events).
- Excellent PC & Excel skills (at least intermediate): Using computers and computer systems (including hardware and software) to set up functions, enter data, or process & communicate information.
- Team player: Encouraging and building mutual trust, respect, and cooperation among team members.
- Leadership: Requires a willingness to lead, take charge, and offer opinions and direction.
- Attention to detail: Requires being careful about detail & thorough in completing tasks.
- Integrity: Job requires being honest and ethical.
