Financial Accountant

Purpose of the role:

The incumbent will be responsible for reporting and consolidations for the business, provide direction and support to regions and finance activities, provide value adding feedback and information to enable decisions and highlight areas of importance, at all times ensuring strict compliance with accounting policies, standards and proper maintenance of accounting records.

Main Duties and Responsibilities:

• Process all acquisitions and disposals into asset management system and review related tax and accounting information
• Prepare FAR and reconciliation of assets
• Review of WIP
• Prepare and submit tax returns (provisional/income tax)
• Financial analysis, review and conclusions
• Prepare and verify payments to SARS
• Prepare VAT return, VAT reconciliations and assist where required to resolve differences
• Improving BBBEE status – by facilitating enterprise development and improving non-compliant spend
• Facilitating BEE audit
• Prepare finance risk profile and develop plans to reduce and minimize
• Ensure stock takes are properly undertaken and the results reviewed and reported based on an internal control aspect
• Ensure that all purchasing procedures and authority limits set out in the approval framework are adhered to
• Collating, preparing and interpreting reports, budgets, accounts, financial statements and providing and interpreting financial information
• Producing accurate financial reports to specific deadlines to regions, Bidvest and Board
• Prepare financial and regulatory reports required by laws, regulations and boards of directors
• Keeping abreast and reporting changes in financial regulations and legislation
• Preparation of quarterly reporting including Audit committee, BBBEE, Risk and Sustainability to Bidvest as well as Board pack
• Monthly monitoring and collation of sustainability data and support
  STATS SA reporting
• Review of customer onboarding workflows and opening of accounts
• Manage resolution requests with Company Secretary and internally
• Supplier takeon and processing in Head Office
• Monitor BBBEE certificate compliance for suppliers
• Setup templates for regions and head office
• Adhoc finance projects
• All other adhoc reporting as required by the Financial Director and Bidvest
• Review of regional quarterly year end schedules
• Responsible for oversight of head office month end process and reporting
• Preparation of year end accounting and tax pack
• Assisting the regions to prepare and present their annual budgets to management
• Preparation of Head Office Budget
• Preparing the budget upload files for submission on Bidvest system (Oracle)
• Preparation of consolidated and regional budget templates
  
• Detailed first level review of national budgets
• Administrator of budget system (IDU), ensuring ongoing maintenance of the system and setup of quarterly and annual forecasts as well as annual budgets
• Assist regional finance teams with queries
• Developing and managing financial systems/models
• Capture cash book entries and reconcile to the ledger weekly and monthly
• Preparation of daily cash reporting and consolidation
• Uploading of bank statements onto workflow system
• Load EFT batches where required and capture payment batches in Accpac where required
• Processing of creditors invoices where required
• Facilitate and manage external and internal financial audits, including queries
• Perform adhoc tasks allocated by the Financial Director
• Processing of general ledger reconciliations for HOF
• Review of general ledger reconciliations for other regions
• Processing journal entries, orders, creditors reconciliations and payments
• Review of creditors reconciliations and payments
• Conduct national finance training
• Submission of workmens compensation return of earnings online
• Review of monthly VAT 201 and EMP 201 returns
• Preparation of annual finance deadlines
• Consolidation and submission of insurance declarations to Bidvest on a quarterly and annual basis, including preparation of head office components
• Attending to adhoc Bidvest tax department requests
• Preparation of lease schedules
• Month end consolidations and reporting to Exco and Bidvest
• Oversee national projects to improve processes in Finance, Operations,
• Payroll and other areas of the business that link into Finance
• Automation of business processes
• SARS adhoc third party payments
• Collaborate and work closely with the Head Office Accountant to drive change and improvement in Finance
• Monitor and Review key risk areas in the business including, but not limited to Customs and bond, Revenue, Disbursements, Rates, Billings,
• Collections and Payments
  Year on year review of revenue and expenses to identify gaps
• Financial dashboards with key indicators for various areas of the business driving key financial information
• Powerpoint presentations for FD and Exco
• Management of forex banking portfolio, review of related revenue and margins nationally
• National financial audits
• Monitoring of non financial processes and providing related key stats to enhance business visibility and improvement such as claims processing and related reporting, including turnaround timing, productivity stats in relation to financial information, other key operational areas with financial impact and non-financial impact, value adding to the business
• Adhoc – the above is not a full list of roles and responsibilities which would be managed and additional tasks would be assigned as required

Minimum Requirements

• CA(SA)
• Postgraduate diploma in Accounting/Honours – BComm Accounting
• 2 years experience in a similar role
• Articles with Big Four firm.

Systems

The following systems experience will be advantageous:

• K2 Workflow
• Accpac
• Sage 300 payroll
• Sage ESS Leave
• IDU Budget Software
• Oracle (Hyperion)

Skills, Knowledge and Competencies Required

• Strong communication skills
• Strong computer skills, Excellent Excel skills
• Strong IFRS knowledge
• Good understanding of deferred tax and normal tax
• Ability to work and make decisions under rapidly changing and pressurised circumstances
• Strong attention to detail and accuracy
• Responsible and accountable
• Strategic thinking
• Ability to work in a collaborative team/environment with the ability to work independently
• Self-motivated to learn new concepts and participate in new projects

Should you apply and have no feedback within 2 weeks please take your application as unsuccessful.