Assistant Accountant (Divisional)

Feltex; Durban; On-site; ZAR 300 000 - 450 000; Full time

Job summary

A manufacturing company in Durban seeks an experienced Assistant Accountant (Divisional) to oversee the consolidation and accurate reporting of financial information across divisions. Responsibilities include ensuring compliance with financial policies, participating in audits, managing budgets and forecasts, and driving continuous improvement initiatives. The ideal candidate needs a BCom with finance experience and strong financial analysis skills to promote financial excellence. Reporting is critical in this role to achieve organizational objectives.

Benefits

Competitive salary

Opportunity for professional development

Qualifications

• Minimum of 5 years of experience in accounting or finance.
• Strong understanding of internal financial controls.
• Ability to work with cross-functional teams.

Responsibilities

• Consolidate and report divisional financial information accurately.
• Comply with internal controls in the area of responsibility.
• Co-ordinate the submission of inputs for the Monthly Automotive Division Financial Pack.

Skills

Financial analysis

Internal control compliance

Budget management

Audit participation

Cash flow preparation

Education

BCom or equivalent with Finance as a major

Grade 12 or school leaving certificate

Tools

Qlik

Finnivo

Job description

Job Advert Summary

Feltex is seeking an experienced Assistant Accountant (Divisional) to consolidate and report divisional financial information accurately and timeously, while managing deliverables from Business Units to strict timelines. The successful incumbent will be responsible for ensuring precise financial reporting, compliance with deadlines, and reliable data aggregation across divisions.

This role plays a key part in supporting financial excellence by monitoring financial metrics, coordinating with business units, optimising reporting processes, and driving continuous improvement in financial management. The Assistant Accountant (Divisional) will also serve as a point of contact between finance teams and BU management, foster a culture of accuracy and accountability, and ensure all financial practices align with organisational objectives and compliance requirements.

Minimum Requirements

• Grade 12 or school leaving certificate.
• BCom or equivalent with Finance as a major

Duties & Responsibilities

General Financial Management:

• Provide financial analysis and support to management and all operational areas of the business

Internal Control:

• Understand the internal control framework for finance
• Comply with internal controls in your area of responsibility
• Monthly review of internal controls and exception reports and updates on progress
• Review of business units Balance Sheet reconciliations on a rotational basis
• Review significant control account balance sheet reconciliations on a bi-annual basis and ensure all differences are resolve by applicable plant/BU

Financial Management:

• Participate in the Audit process
• Adhere to Financial Policies and Procedures
• Protect company assets (working capital & fixed assets)
• Detect and prevent fraud

Budgets/Forecasts:

• Update templates on annual basis for standard submissions across all BUs
• Consolidate all budget submissions for the Division, including headcount for submission to payroll
• Assist with the reconciliation of budgets across multiple reporting platforms including Finnivo and Qlik

Financial Pack and Monthly Reporting:

• Co-ordinate the submission of all inputs for the Monthly Automotive Division Financial Pack
• Preparation of schedules and reports for the Monthly Automotive Division Financial Pack
• Preparation of the consolidated results in the Monthly Automotive Division Financial Pack
• Assist to prepare the industry sales and vehicle build presentation for the Automotive Divisional Meeting
• Ensure all monthly management packs for Automotive Division and all BUs are uploaded onto sharepoint in line with monthly deadlines
• Promote good Corporate Governance

Audits and Year-End Processes:

• Prepare information from external and internal audit requests
• Participate in year end audit process

Build and vehicle sales:

• Upload final vehicle build numbers onto Qlik monthly
• Upload NAAMSA vehicle sales stats onto Qlik monthly
• Prepare ad-hoc requests vehicle sales

Statutory Returns:

• Assist in the preparation of the monthly VAT status check

Intercompany Balances/ Transactions

• Ensure intercompany balances are reconciled monthly, both management reporting and year end Audit pack reporting
• Follow up on all variances and ensure resolved timeously

Banking:

• Prepare daily cashflow along with weekly non Cashman submission for review by Divisional accountant
• Consolidation weekly cash forecasts for division with explanations for differences for review by Divisional accountant
• Manage the KAP cash analytics process with business

CAPEX:

• Review fixed assets movements monthly and ensure all capex spend is authorised and in line with TFM and all disposals have authorised signed disposal form
• Manage the capex register and authorisation of all divisional capex forms and compare to monthly reported capex

Other Reporting:

• Manage BUs monthly deliverables in line with published monthly timelines for all finance deliverables
• Manage quarterly deliverables in line with published quarterly timelines for all deliverables for the board and audit committee
• Assist to prepare monthly management reports for review of results from Qlik
• Assist to prepare scheduled returns for external users, including StatsSA and NAACAM
• Assist to prepare quarterly board reports
• Prepare quarterly operational report ratios for the COO reports for review by divisional accountant
• Assist in preparing any adhoc information and reports for internal and external use as required

Continuous Improvement:

• Identify improvement opportunities and make recommendations for improvements
• Participate in Continuous Improvement initiatives
• Assist in the roll out of improvements to the divisionals BUs and be the first line of defence to resolve related queries