Financial Accountant

Optential Consulting; Wes-Kaap; On-site; ZAR 360,000 - 480,000; Full time

Job summary

Optential Consulting seeks a Financial Accountant to support daily finance operations in SA and EU regions. You will handle month-end reporting, accruals, VAT returns, fixed asset recording, stock reconciliations, supplier payments, and cash flow forecasting, collaborating with operations.

Requirements include a BCom in accounting, SAIPA advantage, IFRS for SMEs, and proficiency with Sage and MS Office. AI automation experience is a plus.

Qualifications

• BCom in accounting or related field required or equivalent.
• SAIPA qualification advantageous but not mandatory.
• Knowledge of IFRS for SME's and VAT/tax processes.

Responsibilities

• Month-end reporting and posting accruals to ensure accuracy.
• Prepare payroll journals for month-end reporting.
• Prepare monthly recharges from SA to EU region.
• Complete online sales reporting for SA, UK and US.
• Manage fixed asset register and depreciation calculations.
• Reconcile stock and balance sheet accounts for SA and EU.
• Coordinate supplier payments and monthly reconciliations.
• Prepare VAT submissions for SA, France and Netherlands.
• Assist with management accounts and cash flow forecasts.
• Support audit engagements and ongoing compliance.

Skills

Accounting principles

Analytical skills

Deadline oriented

Communication skills

Attention to detail

Education

BCom Financial / Management accounting

SAIPA advantage

IFRS for SME's knowledge

Tools

Sage

Excel

Word

Job description

Overall Responsibility:

The financial account role supports the daily operations of the fianance function — covering month end finance reporting, supplier accounting and payments, tax compliance, stock reconciliation, stock receipting and live sales. working closely with the operations team this role is the operational bridge between finance & operations.

MAIN RESPONSIBILITY

• Month-end reporting


• Prepare and post accruals and other month-end journals to ensure accurate financial reporting.


• Prepare monthly recharges from SA to EU region


• Complete online sales reporting for SA, UK and US


• Prepare payroll journals for month-end reporting.


• Prepare monthly credit card reconciliations. Investigate and resolve any discrepancies.


• Assist with the preparation of management accounts and cash flow forecasts

Fixed Asset Register

• Manage the fixed asset register, including recording additions and disposals, and calculating depreciation.


• Ensure fixed asset transactions are accurately recorded in accordance with accounting standards.

Tax compliance

• Calculate and reconcile South African VAT (Value Added Tax) for reporting periods, including the preparation and submission of VAT201 returns.


• Prepare and submit EMP201 (Employer Monthly Declaration) returns to SARS.


• Prepare VAT submissions for France and Netherlands.

Raw Material Planning & Procurement

• Manage accounting transactions related to any raw material and packaging purchases and sales.


• Process Bill of Materials (BOM) & potential co-packer invoices for losses.


• Ensure live sales reporting by recipting stock timeously to prevent blocked sales in the SA company integration.

Balance sheet & Stock Reconciliation

• Reconcile balance sheet accounts for SA and EU entities


• Complete timely and accurate stock recons (finished goods & raw matwrials) for SA and EU entities Reconcile the 90003 account after suppliers and stock is reconciled.


• Share reconciliation coverage across SA and EU with the Head of Operations, supporting delegation and shared responsibility.

Supplier Payments and Monthly Recons

• Ensure accurate accounting for main operations-related suppliers (SA & EU).


• Prepare monthly supplier reconciliations for main suppliers Gateway, Rhodes including matching.


• Coordinate supplier payments and the payment process.

Audit

• AFS: Assist with audit preparation and provide support during audit engagements.


• Organic: Lead the compilation of the organic mass balance for SA and EU to ensure full traceability and compliance with laws and regulations.

Skills

• Strong knowledge of accounting principles and regulations.


• Excellent analytical and problem-solving skills.


• Ability to work under pressure and meet tight deadlines.


• Strong communication and interpersonal skills.


• Attention to detail and high level of accuracy.

Requirements

• BCom Financial / Management accounting


• SAIPA (advantageous)


• Knowledge of Sage (advantageous)


• IFRS for SME's, income and VAT tax


• Interest or Experience in AI process automation helpful


• Proficiency in Microsoft packages essential (Word, Excel, email)