Financial Accountant Pietermaritzburg - Pietermaritzburg
ID Recruitment Solutions
Our client specialists in manufacturing products for energy transmission and distribution networks. Their head office and manufacturing operations are situated in Pietermaritzburg and they are looking for a Financial Accountant to join the team. The purpose of the role is to ensure the availability and integrity of financial statements and reports that accurately reflect all financial transactions of the business. The position reports directly to the General Manager: Finance Work Systems Syspro; Microsoft Office; Efiling & Easyfile (SARS); Sage People 300; Fihrst and; CaseWare. Leadership Manage the Credit Controller and Creditors Clerk; Implement development plans of sub-ordinates to maximise efficiency and achieve company strategies and goals. • Reconciliations Compile all balance sheet reconciliations (Incl. bank reconciliations); Review creditors reconciliations; Manage petty cash and regular reconciliation to cash on hand; Continuous monitoring of reconciliation processes to ensure that they are being performed correctly. • Financial Reporting Preparing weekly and monthly management reports for distribution including required journal entries; Manage historical and forecast cash flow reporting; Support all teams in provision of detailed financial information to support actions as highlighted in reporting; Prepare annual financial statements using CaseWare; Improve Financial Reporting to improve decision making. • Payroll Wages - Review of reconciliation of earnings and hours prior to payment; Salaries - Review of reconciliation of earnings and hours prior to payment. Reconciliation of payroll variances between actual and budget/forecast • Payment approval Approval of payments on banking system; Manage timeous payment of invoices; Ensure payments are prepared and paid timeously • Statutory returns and Management Prepare and submit statutory returns: ▪ monthly VAT returns - Reviewing entries for compliance; ▪ Annual Income Tax Returns. ▪ EMP201 and 501 returns: ▪ Timely preparation and submission of income tax returns. ▪ Submission of annual RMA declarations ▪ Resolution of queries raised by statutory authorities • General ledger Manage GL accounts in ERP system. • Strategic planning - budgets and forecasts Support GM: Finance in compilation of annual budgets and half-year forecasts; Manage the systems surrounding all aspects of the budgets and forecasts; Investigate unusual variances relative to budget, forecasts or previous year; Support HODs in compiling annual budgets, financial forecasts within stipulated deadlines; Facilitate monthly meeting with HODs, project owners, and other stakeholders to monitor expenditure variances to budgets and forecasts; Conduct an analysis of costs and business results and support HODs in identifying realistic forecasts; Monitor the effectiveness of budgeting and use the results to implement improvements, ensuring that future budgets are more accurate, reliable and cost effective; Manage EP process as to status of EP documents and reconciliation of Approved expenditure to actual spend highlighting variances. • Financial analysis Analyse current financial systems and provide suggestions for enhancement; o Advise the business to achieve financial targets. • Financial audits External audit completion within agreed timelines. Preparation and approval of annual financial statements within agreed timelines • Policy Ensure implementation and compliance to financial policies and procedures across all teams. • Ad hoc duties Management of ad hoc finance projects, tasks and ad hoc requests; Support GM: Finance in 100% of key risk mitigation measures Knowledge • Knowledge of statutory environment, including inter alia: o Vat Act; o Income Tax Act; o Tax administration Act. • Companies Act; • Knowledge of Financial Reporting Standards Minimum Qualifications • Grade 12 or equivalent with maths. • BCompt/BCom Accounting/ finance – Honours degree; • Articles will be an advantage. Experience Required • 3 years' experience as a Financial Accountant in a corporate environment. Key Skills and Knowledge Required Skills and abilities • Excellent verbal and written communication skills; • Strategic planning; • Results orientated; • Decision making; • Attention to detail; • Financial monitoring and analysis; • Innovative; • Solution driven; • Be able to take initiative where needed; • Leadership skills and; • Risk management. Professional Ethics • Discretion and confidentiality; • Integrity; • Personal credibility – displaying high ethical standards and competence in Finance functions and; • Independence. Experience related plus good benefits
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