Accountant

Tower Group; Durban; On-site; ZAR 200 000 - 300 000; Full time

Job summary

A financial services company in Durban seeks a responsible financial professional to manage financial records, ensure accurate reporting, and maintain compliance with accounting standards. The role involves preparing statements, liaising with stakeholders, and monitoring financial processes. Candidates should have experience in bookkeeping, financial reporting, and compliance regulations. This position offers opportunities for contributions in financial strategy and ensuring a company’s financial integrity.

Qualifications

• Experience in managing financial records and bookkeeping.
• Strong understanding of compliance with accounting standards and regulations.
• Ability to provide financial insights and reports for decision-making.

Responsibilities

• Maintain and update financial systems and general ledgers.
• Prepare financial statements and budget variance reports.
• Ensure compliance with statutory requirements and liaise with auditors.

Job description

• Manage financial records and ensure accurate bookkeeping.
• Support decision-making by providing financial insights and reports.
• Ensure compliance with accounting standards, tax regulations, and company policies.
• Safeguard the company’s financial integrity and cash flow management.
• Act as a link between management, auditors, tax authorities, and financial institutions

Key Responsibilities

1. Financial Recordkeeping
   • Maintain and update general ledgers, journals, and financial systems.
   • Record daily financial transactions (accounts payable, accounts receivable, payroll, etc.).
   • Reconcile bank statements and other accounts.
2. Financial Reporting
   • Prepare monthly, quarterly, and annual financial statements.
   • Provide management with budget variance reports, forecasts, and performance analyses.
   • Ensure accuracy and timeliness of reports.
3. Compliance & Tax
   • Ensure compliance with statutory requirements (VAT, PAYE, Income Tax, etc.).
   • Liaise with external auditors and assist with annual audits.
   • Keep up-to-date with accounting standards and legal requirements.
4. Budgeting & Forecasting
   • Assist in preparing annual budgets and cash flow forecasts.
   • Monitor expenses against budget and flag variances.
   • Provide input for financial planning and strategy.
5. Internal Controls
   • Implement and monitor financial controls to prevent fraud and errors.
   • Ensure proper documentation and authorization of transactions.
   • Review processes for efficiency improvements.
6. Accounts Payable & Receivable
   • Process supplier invoices, payments, and employee reimbursements.
   • Monitor customer invoices, collections, and credit control.
   • Maintain accurate creditor and debtor records.
7. Payroll (if applicable)
   • Process payroll accurately and on time.
   • Ensure compliance with labor and tax regulations.
   • Handle employee tax certificates and reconciliations.
8. Stakeholder Liaison
   • Work with external stakeholders (banks, auditors, SARS, suppliers, customers).
   • Support internal teams with financial queries and advice.
   • Report financial risks and opportunities to management.