Senior Accountant

Staff Solutions; East London; On-site; ZAR 200,000 - 300,000; Full time

Job summary

A financial services firm in East London seeks an experienced accounting professional to supervise client accounting records and prepare financial statements. The role requires a BCom degree or equivalent, along with 3-5 years of experience in accounting. Proficiency in Microsoft Office is essential, and knowledge of software like Caseware and Pastel is advantageous. Strong communication skills are necessary for client interactions.

Qualifications

• 3-5 years working experience required.
• Ability to converse in English / Afrikaans / Xhosa is advantageous.

Responsibilities

• Supervise and process client accounting records.
• Perform bank reconciliations and manage petty cash.
• Calculate taxation for various entities and prepare financial statements.

Skills

Accounting

Communication

Analytical skills

Education

BCom degree or equivalent work experience

Completed articles

Tools

Microsoft Office (Excel / Word)

Caseware

Vanilla Payroll

Pastel

Xero

Job description

Main Purpose of The Position

• Processing of accounting records onto a computerized accounting system resulting in an accurate and complete set of books.
• Completing of annual financial statements of CCs, trusts, sole proprietors and Body Corporates and working paper files.
• Calculation of taxation owing by business and individuals. Completion of statutory returns e.g. PAYE, UIF, SDL, VAT, Workmans Compensation etc.
• Completion of annual IRP5s and EMP501s. Liaising with clients directly. Supervise and train junior and intermediate accountants.

Responsibilities

• Supervise and initiating the processing of client information cheques, receipts, sales invoices, purchase invoices
• Perform bank reconciliations
• Processing and reconciling of Petty Cash and cash control accounts
• Keeping of a fixed asset register
• General journals .g. depreciation, provisions, interest salaries, stock, etc.
• Process journal entries e.g. new instalment sale agreements, interest on borrowings, provisions, accruals of income and expenses, bad debts etc.
• Foreign exchange transactions
• Reconcile debtors and creditors statements.
• Correct accounting treatment on disposal of assets (property, plant & equipment) and investments and the calculation of the taxation on capital gains / losses.
• Analyse the resulting trial balance for mistakes / deviations and be able to discuss the results with the client.
• Analytical review of AFS GP%, Inventory days, Creditors days, Debtors days
• Ability to record books from insufficient records.
• Produce a draft set of financials and a working paper file for sole proprietors, close corporations, trusts, partnerships, small business corporations, farmers and Body Corporates.
• Prepare the notes to financial statements
• Formulate accounting policies
• Identifying provisions and contingent liabilities
• Calculate the tax liability for sole proprietors, individuals, close corporations and trusts, small business corporations, farmers, Body corporates and partnerships.
• Calculate the taxation on lumpsum payments by retirement
• Non-resident tax
• Withholding Tax on companies
• Calculation of PAYE / UIF / SDL levies and VAT.
• Completion of statutory returns e.g. UIF / SDL / PAYE / VAT.
• Liaise with client re payment of the above returns.
• Preparations of payroll.
• Issuing of IRP5s and IT3s and reconciliation to EMP501 at year end.
• Reconciliations of input / output VAT to annual financial statements and monthly trial balances
• Compiling and discussing with the client of monthly management accounts.
• Recording and identifying short comings in internal controls
• Accounting for Loans on Related Parties
• Set-up of accounting systems for clients

Requirements

• BCom degree or equivalent work experience
• Completed articles (advantageous)
• 3-5 years working experience
• Microsoft Office (Excel / Word)
• Caseware (advantageous)
• Vanilla Payroll (advantageous)
• Pastel (advantageous)
• Xero (advantageous)
• Communication skills : Be able to converse in English / Afrikaans / Xhosa (advantageous)