Financial Accountant

Avacare Health; Johannesburg; On-site; ZAR 400 000 - 600 000; Full time

Job summary

A leading healthcare group is seeking a Financial Accountant in Johannesburg. The role involves financial audits, ensuring compliance with tax regulations, and maintaining accurate records. Ideal candidates will have a BCOM degree and at least 5 years of experience in accounting. Join a dynamic team dedicated to excellence in healthcare and make a significant impact in the industry.

Qualifications

• At least 5 years' work experience as a Financial Accountant.
• Sound knowledge of accounting standards (IAS and IFRS).

Responsibilities

• Maintain accurate accounting records in compliance with IAS & IFRS.
• Prepare monthly management accounts and financial reports.
• Directly responsible for cash flow management.

Skills

Attention to Detail

Analysis/Reasoning

Accountability & Dependability

Communication

Education

BCOM (Accounting major)

Tools

MS Excel

SAGE Evolution

Job description

Innovata Pharmaceuticals, which is part of the Avacare Health group is looking for a Financial Accountant to join our team. This position is based in Ormonde, Johannesburg.

Avacare Health is an integrated healthcare group operating across 3 continents with presence in 22 countries, bringing affordable healthcare to the people through the distribution and supply of pharmaceuticals, medical consumables, consumer health and medical equipment.

A proudly South African company, Innovata is a level 1 BBBEE company that manufactures a range of carefully selected essential medicines covering all major therapeutic classes.

Since our inception in 2000, Innovata has established a noteworthy relationship with the Public Health Sector where we hold numerous national tenders. Not only are we committed to delivering cost-effective products timeously; our team remains committed to forging long-term relationships with customers, business partners, suppliers and employees alike.

Driven by our mission to be the benchmark for excellence in healthcare, the credibility we have attained in the Public Health Sector and the backing of our parent company, the Avacare Health Group, Innovata is well poised and eager to extend our footprint into the South African Private Health sector.

Job Overview:

Purpose of the job:

The incumbent will be responsible for financial audits, reconciling bank statements, and ensuring financial records are accurate throughout the year. Provide Management with accurate quantitative information on financial position, liquidity and cash flows of our business, while ensuring compliance with all tax regulations.

Technical Competencies/Professional Expertise:
• Financial Accountability: Follows financial guidelines, regulations, principles, and standards when committing fiscal resources or processing financial transactions.
• Develop Systems and Processes: Identifies and implements effective processes and procedures for accomplishing work.
• Business Alignment: Aligns the direction, products, services, and performance of a business line with the rest of the organization.

Behavioural Competencies:
• Attention to Detail: Diligently attends to details and pursues quality in accomplishing tasks.
• Analysis/Reasoning: Examines data to grasp issues, draw conclusions, and solve problems.
• Accountability & Dependability: Takes personal responsibility for the quality and timeliness of work and achieves results with little oversight.
• Foster open communication: Creates an atmosphere in which timely and high-quality information flows smoothly between self and others; encourages the open expression of ideas and opinions

Organisational Competencies:
• Demonstrate versatility, grasp and learn new concepts, developments and technologies quickly and implement and mentor subordinates.
• Adapt into a culturally diverse work environment.
• Possess honesty, integrity, passion for the work, compassion.

Key Responsibilities:

Accounting Processes:
• Maintain accurate accounting records in compliance with the standards (IAS & IFRS).
• Prepare and compile monthly management accounts and financial reports for OPCOs and board packs.
• Timeous costing of imported inventory.
• Perform monthly analytical reviews on accounting records to ensure that all general ledger accounts are free of material misstatements
• Monitor the company's operating and capital expenditure to ensure they are within budget.
• Maintain the fixed asset register in compliance with IFRS16 and perform a FAR recon to ensure that the FAR agrees to PPE in the balance sheet and agrees to the relevant sections in the income statement.
• Review debtors and creditors accounts to ensure accuracy, and review inventory items to ensure accuracy of their valuation.
• Provide support to the warehouse and customer service departments with monitoring credit notes with the objective to reduce the volumes of credit notes passed.
• Plan and execute internal and external audits to ensure all audit timelines are met.
• Perform annual income statement, balance sheet and CAPEX budgets.
• Directly responsible for cash flow management. Responsible for compliance with banking, foreign exchange and tax regulations.
• Ensures supplier reconciliations and payments to suppliers are made timeously.
• Ensure payments are loaded on the bank for authorisation.
• Maintains or builds good communication and relationships with customers (internal and external), suppliers, vendors and banks (both in verbal and written form).

Reports and month-end and financial year-end reconciliation:
• Takes responsibility for financial reporting and prepares financial reports for month end and financial year end.
• Reconcile group and related party loans and trade accounts.
• Perform balance sheet reconciliations monthly.
• Perform and report on cash flow forecasts on a weekly, monthly, quarterly, and annual basis.
• Ensures successful completion of AFS and audit processes.
• Ensures the company complies with any additional laws and regulations applicable.

Statutory Reports:
• Ensures that all statutory returns are submitted and timeous payment thereof.
• Perform statutory reconciliations such as VAT, Employee Taxes, and Income Tax.

Treasury:
• Perform Treasury functions, i.e., create/amend bank beneficiaries, upload payments on the online banking platform, and regular audits of the bank beneficiaries to ensure accuracy of bank accounts to protect the entity from risk of fraud, and ensure that all the Treasury functions follow the Group's policies.

Desired skills, experience and qualifications:
• Minimum BCOM (Accounting major) or equivalent Accounting Degree or advanced Diploma
• At least 5 years' work experience as a Financial Accountant.
• Sound and up to date knowledge of accounting standards (IAS and IFRS).
• Advance knowledge of MS Excel and accounting software (SAGE Evolution knowledge advantageous, but not essential).
• Time and project management skills.
• Proven track record of delivering compliance within the finance structure.
• Good communication skills
• Ability to multitask and shift priorities as and when required

Duration: Permanent

Closing date for Application: 14 May 2025

Location: Ormonde, Johannesburg

If you are a highly motivated individual with a passion for education, please apply with your resume and cover letter. We look forward to hearing from you!

Innovata Pharmaceuticals (Pty) Ltd

www.innovata.co.za

Avacare Health Group (Avacare) and other subsidiary or affiliated companies of Avacare are committed to protecting your privacy. Avacare is an equal opportunity organization that prides itself on its diverse teams across the globe.

If you have not heard from us within one month of your application, please regard your application as having been unsuccessful.