Operational Accountant

Career Custodians; Cape Town; On-site; ZAR 400,000 - 600,000; Full time

Job summary

A dynamic opportunity exists for a young finance professional at a leading company in the Tourism and Property sectors. The role involves core responsibilities in financial management, reporting, and compliance, requiring strong analytical capabilities and experience in accounting. Candidates with a relevant degree and experience in hospitality accounting are particularly encouraged to apply. This position promises personal growth within a vibrant team dedicated to excellence in financial practices.

Qualifications

• SAIPA completed articles (1-2 years post articles) required.
• 2 or more years’ experience in a similar field necessary.
• Hospitality Accounting experience beneficial.

Responsibilities

• Preparation of Monthly Management Accounts & Financial Reporting.
• Conduct Cost Analysis & Control to improve financial wellbeing.
• Ensure tax compliance by calculating and reconciling VAT monthly.

Skills

Verbal and Written Communication

Analysis / Reasoning

Decision making & judgement

Self-Management

Stress Tolerance

Influencing others

Teamwork

Time Management

Business Alignment

Strategic Vision

Education

Grade 12 or equivalent

Degree or Diploma in Accounting / Cost and Management Accounting

Tools

MS Office

Sage Evolution

Job description

An opportunity exists for a young and energetic candidate with a sound financial background to form part of the team who will oversee, design, and implement controls to ensure good financial practices are implemented and adhered to. To be part of a dynamic Financial Team in the Tourism, Property and Finance sector. Ensures financial practices and information are in line with company policy and all statutory legislation & regulations. Responsible for providing financial management support and advice (typically in the form of financial reports, cost control & financial trends and ratio’s) to stakeholders of the Company, to enable them to make sound business decisions. Assume the primary day-to-day responsibility for planning, managing, and controlling all financial-related activities within the Company. Ensures financial practices and information are in line with company policy and all statutory legislation & regulations.

MINIMUM REQUIREMENTS

QUALIFICATION :

• Grade 12 or equivalent is essential
• Degree or Diploma in Accounting / Cost and Management Accounting

EXPERIENCE :

• SAIPA completed articles (1-2 years post articles)
• 2 or more years’ experience in similar field
• Advanced skills in MS Office
• Sage Evolution
• Hospitality Accounting experience (Beneficial)

COMPETENCIES

COMMUNICATION :

• Verbal and Written Communication

COGNITION / THINKING :

• Analysis / Reasoning
• Decision making & judgement

PERSONAL EFFECTIVENESS :

• Self-Management
• Stress Tolerance
• Strong Principles and Solid Integrity

INTERACTION WITH OTHERS :

• Influencing other
• Teamwork

MANAGEMENT QUALITIES :

• Time Management
• Business Alignment
• Strategic Vision

DUTIES AND RESPONSIBILITIES :

Preparation of Monthly Management Accounts & Financial Reporting

• Preparation of the monthly management accounts pack to fully assess the performance with given deadline
• Ensuring all HOD’s within Company receive and sign for departmental financial results
• Preparation of monthly Balance Sheet reconciliation file, to ensure integrity of financial statement line items presented
• Ensure Revenue generated is accurate and imported to accounting software package (EVO)
• Ensure monthly stats reports are created and correct as per Property Management System

Cost Analysis & Control

• Analysis and identification of incurred costs versus budget and prior year, in order to fully understand cost drivers for key stakeholders to make informed decisions
• Identify cost saving opportunities in order to improve the financial wellbeing
• Review reconciled expenditure reports to test the validity of costs
• Ensuring that revenue and expenses have been recorded against the correct projects within the ERP system
• Able to assist proactively with cost control requirements

Tax Compliance

• Calculate and reconcile VAT payable on a monthly basis

Homeowners

• Ensuring accuracy of monthly Revenue Journal from OPERA into Financial Reporting system
• Ensuring all Home Owner profiles and fee structures are maintained within the financial system
• Accurately capturing all Project Management related activities and fees
• Ensuring Home Owner statements are completed within the timeline
• Ensuring Home Owners are paid on time and statements are distributed to each owner

Treasury Function & Cash Control

• Check, verify and release electronic bank payments
• Ensure cash-flow forecast is done on a monthly basis, to identify funding requirements
• Ensure all excess funds are identified and transferred to the bond on a timeous basis

Related Party Matrix

• Ensure monthly related party matrix recons are performed and reconciled with counter party
• Ensure related party matrix is complete for financial year end
• Ensure all intercompany loan accounts balance at end of each month and is paid within given timeframe.
• Assume the day-to-day responsibility to ensure the stores department operates effectively in securing best products and pricing structures (identifying cost saving opportunities)
• Ensure Order Protocol is followed (Order signed by 2 signatories)
• Perform detailed analysis and review on COS % to identify problems

Stock Control

• Planning and oversight of monthly stock counts
• Spot checks on stock counted, to ensure accuracy of count
• Identifying slow moving and expired stock
• Ensure stock receiving system and procedures are followed

Payroll

• Ensuring accurate and timely submission of time sheet information to payroll department monthly
• Analyse and audit all hours worked by staff, to ensure correct payment
• Ensuring that payroll related costs are within approved Manplan structure for various departments within Company
• Review and approval of final pay register (VIP) for business units under management, before staff are paid
• Calculate commission that is due to staff
• Ensure all deductions and earnings are recorded

Fixed Assets

• Ensure the integrity and maintenance of the Fixed Asset Register
• Ensure procedures are in place for safe keeping of assets
• Perform monthly spot checks on operational asset register lists

Ad-Hoc Requests

• Support the Financial Managers and Chief Financial Officer with any queries relating to Finance department

Budgeting & Budgetary Control

• Compile the annual budgets and submit to Group Financial Manager to review for approval
• Review the budgeted fees and expenses for large variances and resolve prior to the Group Financial Manager conducting her review
• Preparation of forecast (Rolling estimate) for the rest of the financial year

Accounts receivable

• Review Debtors Age analysis on a monthly basis and highlight issues
• Weekly review of Open Accounts on OPERA and investigate issues as per SOP

Creditors

• Ensure creditors recons are performed monthly
• Review age analysis on monthly basis
• Release creditors payments on Nedbank

External Audit & Preparation of Annual Financial Statements (AFS)

• Preparing the Annual Audit files as per Group Instructions received
• Investigate and respond to audit queries and ensure the audit is completed in an appropriate time frame
• Ensure 6-month soft close audit file is completed within time frame.

Relationship Building

• Maintain strong working relationships with, and have open and transparent communication between all members of the team
• Develop and maintain relationships with external vendors to ensure service delivery of high quality

Ad-Hoc Requests

• Support the business as and when ad-hoc financial request come in and provide information that is accurate, of a high standard and delivered within required timeframes
• Understand the daily operations within the Company
• Duty shifts performed at least once a month

You will be expected to be always available telephonically and always have access to read and respond to your emails.