Business Unit Accountant (6 Months FTC) - Durban
Job Purpose:
- To be responsible for the financial, administrative and management systems
Minimum Requirements:
- Grade 12
- BCom In Accounting
- Minimum 4 years’ experience in Finance / accounting role
Responsibilities:
Financial Strategy:
- Participate in organisational strategy management from a financial management perspective.
General Financial:
- Provide Financial analysis and support to management and all operational areas of the business.
- Maintain and update accounting system (ERP: BPCS)
- Ensure compliance with internal control.
- Prepare financial reports and returns.
- Generate information and reports for internal and external use.
- Review and action Balance Sheet Account variances.
Budget / Forecast:
- Prepare operational budget and load budget on the system.
- Co-ordinate and consolidate all budgets and forecasts.
- Prepare of Operational forecast on the system.
Financial reporting & General Ledger:
- Prepare financial reports and returns.
- Analyse and interpret finance reports and statistical data.
- Investigate and action financial variances (budget/forecast).
- Compile the weekly BU flash result and analyse variances.
- Prepare and review and circulate the Monthly BU Financial Pack
- Prepare financial reports and returns (Monthly BU/Plant Financial Pack).
- Prepare monthly management accounts for Group submission
- Prepare monthly intercompany reporting for Group submission.
- Prepare monthly capex reporting for Group submission.
- Compile weekly sales reports.
- Compile balance sheet account reconciliation.
- Investigate and action balance sheet account variances.
- Prepare and post Journal entries.
- Manage subsystem vs general ledger balancing and action variances.
Audits and Financial Period – End processes:
- Prepare of the year-end statutory audit (External and Internal) in line with the consolidates audit plan.
- Prepare ledge balance and an initial balance including all reconciliations, balance sheet accounts and support documentation.
- Prepare year-end reporting Accounting and Tax packs.
- Follow up and action Audit finding.
Creditors, Banking & Cash management:
- Verify weekly bank transfers (Creditor and wages)
- Review and authorise creditors reconciliations, exception reports and payment.
- Approval of payment on the banking system.
- Monitor daily cash positions and cash flows to ensure settlement and maximise performance.
- Assist with cash management function of the BU.
Lease Management:
- Update the lease management system for contract additions, terminations, annual contract anniversary and interest rate changes.
Forex:
- Manage Forex risk and forex reporting.
- Review Forex Forecasts
Debtors:
- Maintain and update the tooling account and reconciliation.
- Review and analyse the debtors age analysis, ensuring timely payments from customer.
Creditors:
- Support with system automation in the AP function for staff training and resolution.
- Support with control implementation to support the self-billing system.
CAPEX & Fixed assets:
- Consolidate the compile the BU capex reports.
- Calculate ROI on proposed CAPEX.
- Complete CAPEX additions /disposal / transfer applications
- Monitor and report CAPEX monthly spend vs budget and report on variances.
- Maintain and update the fixed assets register (issues Asset No’s etc.)
- Review useful life and residual value of Fixed Assets analysis.
- Maintain the capex register for authorised capex forms.
Statutory Returns:
- Prepare/ review business tax returns (VAT, UIF, PAYE, WCA)
- Comply with value -added tax administration.
- Review statistics returns.
- Support process of Provisional/Income Tax returns
Insurance:
- Assist with review and submit Insurance Declarations
- Assist with filing claims for losses.
Stock Control:
- Monitor and review holding.
- Oversee stock takes.
- Analyses and investigates stock count variances.
- Maintain the integrity of the stock Subsystem.
Continuous Improvement:
- Identify improvement opportunities and make recommendations for improvements.
- Participate in Continuous Improvement initiatives
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