Finance Team Lead

Infinity Brands; Johannesburg; On-site; ZAR 400 000 - 500 000; Full time

Job summary

A financial services company is looking for an Internal Finance Team Lead in Johannesburg. Responsibilities include managing payroll accounting, maintaining accurate records in Xero, and preparing financial reports. A successful candidate will have a tertiary diploma or degree, minimum 3 years of relevant experience, and a strong attention to detail. This role offers benefits such as medical aid and a hybrid work model after probation.

Benefits

Medical Aid

Provident fund

Hybrid - After probation

Qualifications

• Minimum 3 years experience in bookkeeping/accounting.
• Experience with Xero is beneficial.
• Ability to work under pressure and meet deadlines.

Responsibilities

• Manage payroll transactions and ensure compliance.
• Maintain accurate financial records in Xero.
• Prepare monthly financial reports and analyses.

Skills

Attention to detail

Multi-tasking

Client relationship management

Independent work

Deadline driven

Education

Tertiary diploma or degree in accounting

Tools

Xero

Job description

The Internal Finance Team Lead is responsible for managing financial records assisting with payroll accounting and supporting the finance team in budgeting reporting and reconciliations. This role involves maintaining a high standard of accuracy in data entry and reporting as well as staying certified and proficient in Xero software. The Junior Accountant will collaborate closely with the HR department to process payroll transactions ensuring timely and compliant payroll payments.

Key Responsibilities

Payroll Accounting and Support

Process payroll transactions including salary payments, deductions and benefits ensuring accuracy and compliance.

Coordinate with HR on payroll-related administrative tasks obtaining necessary documentation and approvals for payments.

Manage payroll journals in Xero reconciling accounts to ensure accuracy in payroll expenses.

Data Entry and Record Keeping

Maintain accurate records in Xero ensuring that all financial transactions are correctly categorized and documented.

Process invoices, receipts and journal entries in a timely manner maintaining organized digital records for easy access.

Assist with monthly and annual reconciliations to ensure financial data accuracy and compliance with accounting standards.

Financial Reporting and Analysis

Prepare monthly reports including Balance Sheets, Profit & Loss statements and Cash Flow reports.

Assist in compiling financial data for budgeting and forecasting supporting department managers with financial insights.

Generate reports to track payroll and other expenses highlighting variances and recommending adjustments when needed.

Compliance and Certification in Xero

Stay certified and proficient in Xero software completing any required training or updates on a quarterly basis.

Ensure compliance with financial regulations and internal policies especially in payroll processing and record-keeping.

Assist the Financial Manager in preparing documents for audits and ensuring records are audit-ready.

Collaboration with HR and Departmental Support

Work closely with HR to obtain necessary payroll information verifying details to support smooth payroll processing.

Communicate with department managers to gather budget information and update them on relevant financial data.

Provide financial support and answer queries from internal departments as needed contributing to team success.

Bank and Account Reconciliations

Perform bank and account reconciliations monthly resolving discrepancies and ensuring accurate account balances.

Assist with cash flow tracking ensuring that payroll and other financial obligations are met in a timely manner.

Continuous Improvement and Professional Development

Identify opportunities for process improvement in payroll accounting and financial reporting suggesting updates to enhance efficiency.

Stay informed on Xero updates accounting practices and regulatory changes to maintain best practices in financial management.

Requirements

• Able to maintain and build a courteous and beneficial relationships with clients
• To service the start to end bookkeeping functions for new and existing clients.
• To promote the image of the business at all times through means of positive customer contact
• Must be able to work in a pressurised environment and be deadline and target driven
• Must be able to work independently as well as part of a team
• Must be able manage own time effectively.
• Excellent attention to detail is definite.
• Able to multi - task.
• Minimum proven 3 years experience is a bookkeeping / accounting role and or working towards completion a tertiary diploma / degree.
• Experience with XERO beneficial

Benefits

• Medical Aid
• Provident fund
• Hybrid - After probation

Employment Type: Full Time

Experience: years

Vacancy: 1