Financial Accountant

Id Recruitment Solutions; Pietermaritzburg; On-site; ZAR 200 000 - 300 000; Full time

Job summary

A regional recruitment agency is seeking a Financial Accountant to ensure the integrity of financial statements and reports. Responsibilities include managing reconciliations, preparing financial reports, and ensuring compliance with statutory requirements. The ideal candidate has a BCompt degree, advanced Excel skills, and at least three years of experience in a corporate environment. This position is based in Pietermaritzburg, South Africa and offers experience-related benefits.

Qualifications

• 3 years’ experience as a Financial Accountant in a corporate environment.
• Articles will be an advantage.
• Able to produce reports that drive effective decision making.

Responsibilities

• Manage the Credit Controller and Creditors Clerk.
• Compile all balance sheet reconciliations.
• Prepare weekly and monthly management reports.
• Review reconciliation of payroll earnings and hours prior to payment.
• Prepare and submit statutory returns.

Skills

Advanced knowledge of MS Excel

Numeracy skills

Ability to analyze financial data

Effective management tool usage

Education

BCompt / BCom Accounting / Finance – Honours degree

Grade 12 or equivalent with maths

Tools

Syspro

Microsoft Office

Efiling & Easyfile (SARS)

Sage People

Fihrst

CaseWare

Job description

Introduction

Our manufacturing client is looking for a Financial Accountant to join the team.

The purpose of the role is to ensure the availability and integrity of financial statements and reports that accurately reflect all financial transactions of the business.

The position reports directly to the General Manager and is based in Pietermaritzburg.

Duties & Responsibilities

Key Responsibilities

• Leadership:
  • Manage the Credit Controller and Creditors Clerk
  • Implement development plans of sub‑ordinates to maximise efficiency and achieve company strategies and goals.
• Reconciliations:
  • Compile all balance sheet reconciliations (incl. bank reconciliations)
  • Review creditors reconciliations
  • Manage petty cash and regular reconciliation to cash on hand
  • Continuous monitoring of reconciliation processes to ensure that they are being performed correctly.
• Financial Reporting:
  • Prepare weekly and monthly management reports for distribution including required journal entries
  • Manage historical and forecast cash flow reporting
  • Support all teams in provision of detailed financial information to support actions as highlighted in reporting
  • Prepare annual financial statements using CaseWare
  • Improve financial reporting to improve decision making.
• Payroll:
  • Review of reconciliation of earnings and hours prior to payment for wages
  • Review of reconciliation of earnings and hours prior to payment for salaries
  • Reconcile payroll variances between actual and budget/forecast
• Payment Approval:
  • Approve payments on banking system
  • Manage timely payment of invoices
  • Ensure payments are prepared and paid timeously.
• Statutory Returns and Management:
  • Prepare and submit statutory returns: monthly VAT returns, reviewing entries for compliance
  • Annual Income Tax Returns; EMP and returns: timely preparation and submission
  • Submission of annual RMA declarations
  • Resolution of queries raised by statutory authorities
• General Ledger:
  • Manage GL accounts in ERP system.
• Strategic Planning – Budgets and Forecasts:
  • Support GM: Finance in compilation of annual budgets and half‑year forecasts
  • Manage the systems surrounding all aspects of the budgets and forecasts
  • Investigate unusual variances relative to budget, forecasts or previous year
  • Support HODs in compiling annual budgets, financial forecasts within stipulated deadlines
  • Facilitate monthly meetings with HODs, project owners and other stakeholders to monitor expenditure variances
  • Conduct an analysis of costs and business results and support HODs in identifying realistic forecasts
  • Monitor the effectiveness of budgeting and use the results to implement improvements, ensuring that future budgets are more accurate, reliable and cost effective
  • Manage EP process and reconciliation of approved expenditure to actual spend highlighting variances
• Financial Analysis:
  • Analyse current financial systems and provide suggestions for enhancement
  • Advise the business to achieve financial targets.
• Financial Audit:
  • External audit completion within agreed timelines.
• Preparation and Approval of Annual Financial Statements within agreed timelines.
• Policy:
  • Ensure implementation and compliance to financial policies and procedures across all teams.
• Ad‑hoc Duties:
  • Management of ad‑hoc finance projects, tasks and requests
  • Support GM: Finance in key risk mitigation measures.
  • Knowledge of statutory environment, including:
    • VAT Act
    • Income Tax Act
    • Tax Administration Act
    • Companies Act
    • Financial Reporting Standards

Desired Experience & Qualification

Minimum Qualifications

• Grade 12 or equivalent with maths.
• BCompt / BCom Accounting / Finance – Honours degree.
• Articles will be an advantage.
• 3 years’ experience as a Financial Accountant in a corporate environment.
• Computer literate – Advanced knowledge of MS Excel.
• Able to use IT as an effective management tool.
• Numeracy skills and ability to analyse financial data.
• Produce reports that drive effective decision making with the management team and organisation as a whole.
• Syspro; Microsoft Office; Efiling & Easyfile (SARS); Sage People; Fihrst; CaseWare.

Package & Remuneration

Experience related plus excellent benefits.