Senior Accountant

Abantu Staffing Solutions; East London; On-site; ZAR 250 000 - 400 000; Full time

Job summary

A staffing solutions company seeks an experienced accountant to manage financial records and prepare annual financial statements. The ideal candidate will supervise junior accountants, liaise with clients directly, and ensure accurate tax calculations. A BCom degree or equivalent experience is required, along with proficiency in Microsoft Office and possibly Caseware, Vanilla Payroll, and Pastel. Good communication skills in English, Afrikaans, or Xhosa are advantageous.

Qualifications

• BCom degree or equivalent work experience required.
• Completed articles is advantageous.
• Good communication skills in English, Afrikaans, and Xhosa preferred.

Responsibilities

• Supervise processing of client information and bank reconciliations.
• Perform journal entries and reconcile debtors and creditors.
• Prepare draft financial statements for various entities.

Skills

Microsoft Office (Excel / Word)

Communication skills (English/Afrikaans/Xhosa)

Education

BCom degree OR equivalent work experience

Completed articles (advantageous)

Tools

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 CC’s, Trusts, Sole Proprietors and Body Corporates and working paper files. Calculation of taxation owing by businesses and individuals. Completion of statutory returns e.g. PAYE, UIF, SDL, VAT, Workman’s Compensation etc. Completion of annual IRP5’s and EMP501’s. Liaising with clients directly.

Supervision and training of junior and intermediate Accountants.

Requirements

• BCom degree OR equivalent work experience
• Completed articles (advantageous)
• Microsoft Office (Excel / Word)
• Caseware (advantageous)
• Vanilla Payroll (advantageous)
• Pastel (advantageous)
• Xero (advantageous)
• Good communication skills: be able to converse in English/Afrikaans/Xhosa (advantageous)

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 – e.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 IRP5’s and IT3’s 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