Accounting Lead Midrand, Gauteng - Citiq Prepaid - South Africa

We have a vacancy for a Financial Accounting and Reporting Lead/ Manager based in Midrand. The Senior Accountant is responsible for managing and administrating Citiq Prepaid's finances daily. The incumbent ensures that budgeting, management statistical reporting, reconciliations, journals, month-end administration, and payments are done timeously and correctly. The Senior Accountant ensures that the financial director is informed of financial matters to make informed decisions. Performance Output: Ensure complete and accurate financial management information is available timeously for effective decision-making. Ensure financial information is reported accurately and entirely within required timelines. Improve the current financial reporting environment by monitoring team performance and improving the current processes. Ensure statutory compliance with legislative requirements in terms of finance. Effective systems, controls and report Statutory Returns: Source relevant information and statistics for statutory returns (VAT reports). Calculation and payment of VAT. Validate information obtained for documentation. VAT 201 return – Reconcile VAT output and VAT input to the Income Statement. Submit the required information through relevant mediums to ensure compliance. Provisional tax submissions – payments and e-filing. EMP201 return via SARS E-filing. Liaise with banks regarding all banking matters Complete SARS documents as required. Act as System Administrator on the e-filing system. Financial Management: Creditors Control: Review age analysis and release monthly creditors payments. Review annual reconciliation Oversee adherence to credit terms from suppliers Liaise with creditors regarding account queries. (if the Creditors Clerk needs assistance) Ad-hoc interim reconciliations of creditors upon request from the finance manager. Approve payments Reconcile credit card slips and invoices and approve payments. Debtors Control Monitor that debtors are managed within terms. Review and authorise monthly debtor's reconciliation and age analysis. Oversee debtor's collection. Payroll: Oversee payroll processing Review and authorise monthly payroll reconciliation to salary control account in GL. Approve payroll payment (ad-hoc) Asset Management: Oversee asset management function. Financial Reporting : Monthly Compile monthly management reporting in a prescribed format at specified deadlines. Discuss management reports with management teams to identify trends and deviations. Annual Compare the budget to actual figures and report on variances and reasons for deviations to the finance manager. Report on previous performance with actual performance and analysis and report on reasons for deviations with the Finance Manager. Assist Finance Manager with review of insurance, banking, auditing and agreements/functions needing Board approval. General Conduct various analyses for forecasting purposes. Compile reports as requested by management Prepare management meeting pack. (financial information) Provide feedback on queries raised on general ledger or management account. Budget and Budget Control Draft budgets in conjunction with department heads. Identify re-occurring costs in collaboration with department heads. Offer guidance/assistance to the department heads in managing budgets. Manage and oversee budget utilisation. Monitor and report variances. Update budget forecast with actual information and flag outliers. Discuss outliers with department heads for correction. Prepare expense accounts, send them to the Finance Manager for comment, and make adjustments as necessary. Conduct budget estimations based on the previous year's expenditure and recalculate for the year, considering inflation and any supplier adjustments or pricing changes. Cash flow liaison – oversees income and expenditure, payments (VAT, EMP, shareholder interest payments). Prepare monthly cash flow statements per customer. Make adjustments and corrections as needed. Verify cash flow statements received from Cost Accountants are correct. Continuously monitor actual expenditure vs. budget and report variances. Staff Management Regular routine communication via appropriate communication channels. Create and ensure a positive organisational culture climate. Conduct regular one-on-one sessions with employees. Comply with Citiq Prepaid's ethical policies and values. Motivate, develop and coach employees. General HR function to employees (approval of leave, etc.) Delegate daily, weekly, and monthly tasks to team members and ensure that those are executed. Continuously improve the reporting function and standards within the team. Audit Finalise annual financial statements (as compiled by FHBC) in preparation for the annual audit. Arrange audit dates with auditors. Preparation of statements and all relevant documentation needed for auditing purposes. Ongoing liaison with auditors during the audit process. Act as the first point of call with auditors and supply all financial information for audit. Receive and analyse audit reports to communicate the results to the Finance Manager. Investigate and resolve audit queries. Self Management and Development Planning of personal time (per day and week). Self-evaluation against job description key performance areas. Expansion of knowledge and skills as required by the position. Setting personal goals. Devising an action plan. Planning and implementation. Matric Tertiary Degree: BCom Accounting /SAIPA Relevant experience in Management and Leadership Previous experience in managing a small team. Advanced knowledge of MS Office and relevant accounting systems (SAP Business One) Practical knowledge of computer networks, systems, and infrastructure Knowledge of relevant financial legislation and regulations Skills: Excellent communication and interpersonal skills Computer literate Good problem-solving and decision-making skills Excellent multi-tasking ability Excellent organisational and planning skills Proven practical experience in all facets of accounting administration as applied in medium-sized organisations. Proven practical experience in Financial Management Practical experience in liaising and negotiating with service providers (banks, auditors and consultants) Market Apply Now

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Accounting Lead Midrand, Gauteng - South Africa

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