Manufacturing Stock Accountant

TFG (The Foschini Group); Wes-Kaap; On-site; ZAR 500,000 - 700,000; Full time

Job summary

A retail leader in South Africa is seeking a skilled Financial Accountant for stock reconciliation and accounting processes. The ideal candidate will possess a Bachelor's Degree in Financial Accounting and 3-5 years of experience in a manufacturing environment. Proficiency in SAP and advanced Excel skills are essential. Join this dynamic organization to contribute to exceptional financial management.

Qualifications

• 3-5 years post qualification work experience.
• Exposure to manufacturing environment/stock accounting.

Responsibilities

• Review and reconcile manufacturing stock accounts.
• Conduct variance resolution in collaboration with stakeholders.
• Supervise assistant accounts in purchase reconciliations.
• Assist with responses to audit observations.

Skills

Reconciliation and Analysis

SAP experience

Advanced Excel

Accounting, Reporting, Budgeting

Internal and External audit relations

Financial Risk Management

Excellent project management skills

Strong business communication skills

Ability to draft commentary

Education

Bachelor's Degree/Diploma in Financial Accounting or related field

Job description

Job Description

Responsible for reconciliation of the manufacturing stock system to ERP system costs, including landed cost for imported products.

Key Responsibilities

1. Review of journals for manual Manufacturing stock accounting entries.
2. Review of journals submitted by Divisions for manual Manufacturing stock accounting entries.
3. Conduct reconciliations for Manufacturing stock accounts against sub-ledger data, import stock GL accounts, identify variances and prepare correcting entries.
4. Reconcile the landed cost of imported goods for fabric purchases.
5. Determine the appropriate resolution for Manufacturing stock variances in collaboration with the Senior Manufacturing stock Accountant.
6. Initiate variance resolution with the appropriate stakeholder groups and monitor resolution of variances.
7. Monitor Manufacturing stock accounting transactions captured at a Divisional level and escalate inconsistent, inaccurate or incomplete for resolution.
8. Involvement in any process and systems projects affecting manufacturing stock.
9. Assist and perform appropriate responses to audit observations and ensure corrective audit actions are taken.
10. Assist team members, provide feedback to the business, and act as an escalation point for matters relating to Manufacturing stock accounting processes.
11. Supervise assistant accounts in the preparation of purchase recons.

Qualifications and Experience

• Bachelor's Degree/Diploma in Financial Accounting or related field [Mandatory]
• 3-5 Years Post Qualification work experience
• Exposure to manufacturing environment/stock accounting

Skills

• Reconciliation and Analysis
• SAP experience
• Advanced Excel
• Accounting, Reporting, Budgeting
• Internal and External audit relations
• Financial Risk Management
• Excellent project management skills
• Strong business communication skills with the ability to work well in a collaborative environment with senior executives
• Ability to draft commentary, analyze information to establish key messages, present information both visually and in writing

Behaviours

• Business Insight - applies market and business insights to drive organizational objectives.
• Communicates Effectively - conveys information and ideas clearly, concisely, and impactfully.
• Decision Quality - makes timely, well-rounded, and informed decisions.
• Ensures Accountability - takes responsibility and ensures others are held accountable for performance targets.
• Financial Acumen - understands and applies financial concepts for informed decisions.
• Manages Complexity - interprets and simplifies complex information for problem-solving.
• Optimizes Work Processes - assesses and improves work efficiency and effectiveness.
• Tech Savvy - leverages technology to enhance productivity and support growth.

Preference will be given, but not limited to, candidates from designated groups as per the Employment Equity Act.

About Us

At TFG, our people are our greatest asset. We are an internationally diversified retail portfolio of 34 lifestyle and apparel brands that inspire our customers to live their best lives. Our vision is to create remarkable omnichannel experiences. TFG is more than a workplace; it's a launchpad for growth. Join us to explore opportunities across our diverse brands and make an industry-wide impact.