Payroll Accountant

Boardroom Appointments; South Africa; On-site; ZAR 300,000 - 450,000; Full time

Job summary

A leading recruitment agency seeks a Payroll Accountant in South Africa. The successful candidate will manage payroll reconciliation, process payments, and assist with budgeting. Ideal candidates have a BCom in Accounting and 3-5 years of payroll experience. Strong data analytics and communication skills are essential.

Qualifications

• 3-5 years of payroll experience required.
• Experience in banking or financial services is beneficial.
• Sound knowledge of accounting and payroll principles.

Responsibilities

• Reconcile payroll reports to payment summaries.
• Process payments for payroll and statutory charges.
• Prepare and process payroll journal entries.
• Assist with payroll-related queries from BUs.

Skills

Reconciliation skills

Data Analytics

Excellent communication

Budgeting & Forecasting

Education

BCom in Accounting

Payroll Administration

Job description

Overview

Payroll Accountant

Responsibilities

• Reconciliation of Company Payroll Oracle FRG reports to payment summary for Mainrun and Midrun payments.
• Process payments to Company for Mainrun, Midrun and statutory charges.
• Process monthly payroll journal entries to account for the payroll runs and clear control accounts.
• Allocate payroll costs (like training, Oracle charges, etc.) from cost centre PAD to the correct BUs.
• Align and confirm ICPs with the Company.
• Detailed review of the PAD general ledger to ensure completeness and accuracy.
• Prepare and process journals to reallocate staff costs between cost centres for all staff movements.
• Prepare Balance Sheet account reconciliations for all PAD control accounts and follow up with Company on outstanding matters.
• Headcount reconciliation liaising with Human Capital.
• Accounting for share trust recoveries.
• Process monthly journal entries for incentive provisions and ensure completeness and accuracy of the General Ledger.
• Prepare Balance Sheet account reconciliations for different incentive provision accounts.
• Assist BUs with payroll related queries.
• Budgeting & Forecasting.
• Update rolling monthly forecast for PAD cost centre in alignment with business expectation.
• Budgeting and forecasting for the incentive provisions and share based payment costs.
• Analyze actual performance vs forecast and provide variance explanations.
• Quarterly, bi-annual and annual reporting.
• Complete quarterly reports timeously and accurately.
• Assist with running reports and reconciliation of bonus and share trust payments.
• Provide auditors with all payroll reports and reconciliation and resolve audit and reporting queries.
• Assist with preparing the IRP5 recons and responding to tax queries.
• Build and maintain professional working relationships with all stakeholders (especially Group), displaying excellent abilities to initiate dialogue, listen, advise, influence and negotiate to achieve win-win outcomes.
• Engage stakeholders to obtain clear understanding of what is required by them.
• Understanding of all balances in TB and with accurate disclosure for reporting.
• Active participation in Finance transformation projects such as Project Prescient.

Qualifications and experience

• BCom in Accounting, Payroll Administration an advantage
• 3 - 5 years payroll experience
• Banking, and financial services exposure beneficial
• Sound accounting and payroll principles
• Data Analytics
• KPI and metric creation and reporting