Jobs in

Financial Accountant (Senior) - Umhlanga Rocks

Hollywoodbets

Hollywoodbets has an exciting opportunity available for a Financial Accountant (Senior) to be based in Umhlanga. [Minimum Requirements](): Completion of SAICA accredited articles 2 Years commercial experience Pastel Evolution (or similar software). Microsoft Office. Key Responsibilities: Preparation/review of annual budgets (top down and bottom up approach) and related monthly forecast as actual results are determined. Preparation/review of monthly management accounts including analysis/commentary. Preparation/review of the annual financial statements. Review and approve all balance sheet reconciliations including suspense accounts reconciliations and inter account reconciliations. Suspense accounts to be cleared to nil monthly and annually. Ensure routine transactions (expenses, asset purchases, cash book entries, sales etc.) are processed timeously by subordinates. Preparation/review of non-routine transaction (depreciation, impairments, provisions, finance costs/income, discounting, lease straight-ling, management fees, administration fees etc.) and complex transactions. Review and approval of payments. Review and approval of monthly VAT reconciliations and annual tax computation and deferred tax computation and SARS liability/asset account reconciliation. Timeous preparation and payment of P1, P2, P3 (if necessary) within 20% (or the % as amended by SARS) for income taxation. Review of the monthly VAT returns, Payroll returns and Income Tax returns. Consult with Tax and IFRS experts (after liaising with FM, Group FM, CFO) complex, out of the ordinary transactions Ensure appropriate templates and models are created and saved to substantiate decision making. Timeous settlement of inter-company trade accounts, loan accounts, shareholder loans, bank loans, bank facilities, creditors, SARS (Income Tax, PAYE, VAT) in line with agreed payment terms. Timeous collection of loans receivable, inter-company trade accounts and trade debtors Effective management of working capital (Stock debtors – creditors). (Assist in the continuous improvement in supplier terms and customer terms). Effective tax planning and cash flow management. Identification of control weakness, designing of internal controls and implementation thereof. Identification of errors and timeous corrective action. Timeous corrective action against internal audit and external audit findings. Adequate provisioning of impairments on stock (slow moving, damaged, loss of market share, obsolete, expired, NRV < cost) , debtors (long outstanding, close to credit limit, defaulting terms, disputes etc.), tangible (damaged, not in use, loss making, loss of market share etc.) and intangible assets (reputation damage, loss making, loss of market share). Preparation of discounted cash flow projections for impairment testing. Reassessment of useful lives, depreciation methods and residual values for tangible and intangible assets quarterly. Review and approval of the profit and loss on asset disposals. Ensure correct capitalization of assets vs expensing repairs/maintenance or expensing items that will be consumed within one month. Ensure annual stock take is performed (including monthly/quarterly as dictated by company policy). Review and approval of stock count variances. Review and approval of petty cash expenses. Review and approve all loan, creditors, facility, instalment sales reconciliations to external statements. Review and approve accruals (test estimation accuracy by reference to trends and comparison of actual results to previous estimates). Ensure monthly standing debit orders (rent, insurance, telephone, subscriptions etc.) are processed. Management of operating costs. Ensure long outstanding debt is timeously prescribed. On a quarterly basis - execute a mini audit to test compliance with supplier payment terms, claiming of supplier rebates at the correct % and claiming timeously, similarly for supplier settlement discounts and general discounts, similarly for customer rebates and settlement discounts and general discounts, validity/relevance of debit orders, use of correct interest rates, wear and tear rates, depreciation rates. Retain proof of work that will be submitted to Group FM for approval. Ensure logical saving of all work, templates, etc. monthly and yearly such that each year’s financial records can stand on its own when enquiries/ investigations/audits take place. Improvement and sustenance of the company’s BEE score. Optimization of the company’s financial position and financial performance. Obtain the month end upliftment form and update the Pastel fixed asset register with the asset transfers. Minimise audit overruns by ensuring diligent preparation of audit files/compliance with auditor requests. Review fleets capturing of invoices (repairs, fuel, tolls etc) in Ctrack and the interface into pastel. Ensure control totals are accurately reconciled. Ensure vehicles in Ctrack are reconciled monthly to the FAR. Review Ctrack reports in light of effective cost management. Support the GFM and CFO and CEO with specific projects and reports and data extractions. Assist the GFM and CFO and CEO with building financial models/billing models/project costing. Review and approval of expenses within your authoritative limits. Approval of credit application forms (supplier and debtors). Approve credit notes. Skills: Good communication and Interpersonal skills. Impressive planning, organisational and time management skills. Good business acumen and high ethical work standards. Ability to multitask and show initiative at all times. Ability to work under pressure and still produce good quality results timeously. Please be advised that should you not be contacted within 30 days, kindly consider your application to be unsuccessful. Apply Now
Share this job with someone you think should apply!
Facebook buttonFacebook   Whatsapp buttonWhatsapp

Related Jobs

Financial Accountant - Umhlanga Rocks

MPC Recruitment

...

Financial Accountant (JM51984) - Umhlanga Rocks

MPC Recruitment Umhlanga

...

Financial Accountant - Umhlanga Rocks

Shree Property Holdings

...

Bookkeeper - Durban

Talented Recruitment

...

Financial Accountant - Durban

Sharon Nurock Recruitment c.c.

...

Want to do another search?

Jobs in