Financial Accountant


Cape Town, South Africa

Job Purpose

The main purpose of this role is to ensure the integrity of the financial data and enable accurate reporting from which analysis and decision making can be made.

The Financial Accountant reports directly to the Senior Financial Accountant. This position is responsible for producing accurate financial statements for the companies that they work across. This position is required to prepare the monthly VAT-, provisional tax- and income tax returns and submit to the Senior Financial Accountant. They are required to process the required journals at month-end and load all information on Xero/NetSuite. Internal Liaison takes place with the accounts and treasury team. External liaison takes place with SARS and auditors.

Duties and Responsibilities (Include but is not limited to):

  • Ensure that the bank accounts are being reconciled daily.
  • Investigate and escalate any transactions older than 2 days
  • Check that daily feeds are updated daily
  • Compile and submit financial accounts packs to the Senior Financial Accountant by the 11th of the month
  • Identify issues and items to be addressed
  • Ensures that all transactions are accurately reflected in the general ledger
  • Analyses the nature of the transactions
  • Liaises with relevant personnel in Finance department to determine whether reallocations are required
  • Review all statements for the group with the Senior Financial Accountant
  • Complete the overall monthly reconciliations.
  • Check all recons created by the Bookkeepers
  • Ensure that the correct amounts are paid and that duplicate payments are not made
  • Provide guidance with regard to problems and corrective actions required
  • Check that all the journals are reconciled accurately
  • Process the inventory journals accurately
  • Check that the journals are correct
  • Identify whether the journals would require additional action to rectify it
  • Ensure spreadsheet is updated and load correctly onto Xero/NetSuite
  • Analyses the VAT transactions on a monthly basis and identifies what can be claimed § Completes recon to ensure accuracy
  • Compares VAT to previous month to identify large variances
  • Create recon and complete the VAT return and send to Senior Financial Accountant for signature within the specified deadline dates every month § Ensures all documentation related to VAT returns are filed accurately
  • Ensure that the auditors have an audit file with all relevant recons and information
  • Clarify any queries arising from the auditors
  • Address any issues identified from the audit report
  • Implement the necessary corrective actions based on audit report feedback
  • Respond to all queries from tax officials timeously
  • Resolve issues with regards to tax by emailing
  • Ensure all tax documentation is stored accurately
  • Attend weekly KPI meeting with Senior Financial Accountant
  • Attend monthly performance meeting with Senior Financial Accountant
  • Attend all required training courses for new products

Key Requirements:

  • Grade 12 or equivalent (Essential)
  • Accounting degree (Essential)
  • Studying towards CA, CIMA or SAIPA qualification (Desirable)
  • 2 – 3 years’ experience in a financial environment (Essential) or completed articles (Essential)
  • Working in a national group (Desirable)

Additional Skills:

  • Knowledge of IFRS and SA accounting practices
  • Knowledge of relevant tax and VAT legislation
  • Knowledge of forex regulations
  • Knowledge of computerized accounting packages (Xero/NetSuite)
  • Knowledge of AFS drafting and CaseWare
  • Advanced Excel
  • Computer skills
  • Time management skills
  • Organizational & administrative skills
  • Attention to detail
  • Analytical skills

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