Senior Accountant

Renowned Company is looking for a Senior Accountant to join their team.

Academic Qualifications Required:

• Matric with Accounting at a Higher Grade
• BCom degree or equivalent degree with Accounting III and taxation
• Completed SAIPA articles or SAICA articles
• More than 6 years of experience in an accounting practice

Skills:

• Interpersonal skills
• Communication skills: Be able to converse in English / Afrikaans / Xhosa (advantageous)
• Report writing skills
• Time Management
• Organisational skills
• Supervisory skills: Ability to supervise junior and intermediate accountants and provide leadership.
• Strong Accounting, Taxation and Auditing knowledge
• Decisive and accurate
• Ability to prioritise
• Ability to work under pressure in a deadline-driven environment

Required Computer Packages:

• Microsoft Office – Excel and Word, Windows
• CaseWare
• Xero

Key Duties and Responsibilities – Key Performance Indicators:

• Supervise and initiate the processing of client information receipts, sales invoices, purchase invoices
• Perform bank reconciliations
• Process and reconcile Petty Cash and cash control accounts
• Maintain 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.
• Distinguish between finance and operating leases.
• Handle foreign exchange transactions
• Reconcile debtors and creditors statements.
• Ensure correct accounting treatment on disposal of assets (property, plant & equipment) and investments and calculate taxation on capital gains/losses.
• Analyse the resulting trial balance for mistakes/deviations and discuss the results with the client.
• Conduct analytical review of AFS – GP%, Inventory days, Creditors days, Debtors days
• Record books from insufficient records.
• Produce a draft set of financials according to generally accepted accounting practices and a working paper file according to the standards per the training file for sole proprietors, close corporations, trusts, partnerships, small business corporations, farmers and Body Corporates.
• Prepare notes to financial statements
• Identify provisions and contingent liabilities
• Calculate tax liability for sole proprietors, individuals, close corporations and trusts, small business corporations, farmers, Body corporates and partnerships.
• Calculate taxation on lumpsum payments by retirement
• Engage in tax planning – e.g., fringe benefits and allowances
• Manage secondary tax on companies
• Perform vouching tests during an audit of (Pty) Ltd and Body Corporates to verify completeness, existence, accuracy, valuation, ownership and presentation.
• Calculate PAYE / UIF / SDL levies and VAT.
• Complete statutory returns e.g., UIF / SDL / PAYE / VAT.
• Communicate with clients regarding payment of the above returns.
• Reconcile input/output VAT to annual financial statements and monthly trial balances
• Compile and discuss monthly management accounts with clients.
• Complete tax returns for individuals, close corporations, trusts and body corporates.
• Record and identify shortcomings in internal controls
• Identify risks and calculate materiality
• Manage acquisition of member’s interest/shareholding
• Review monthly files of junior to intermediate accountants
• Complete and review Management representation letters
• Qualify the report of an Accounting Officer

Other:

Concepts and characteristics of close corporations/private companies/sole proprietors/trusts/clubs/sectional titles.

Advantages and disadvantages of the above:

• Loans to members of the above
• Powers of members to bind the above
• Personal liability of members to CC/company and others
• Accounting records to be maintained
• The duties and rights of an accounting officer
• Provide assistance to junior and intermediate accountants
• Perform any other duty/work/client that is not the normal run-of-the-mill activity e.g. and is of a more complex nature
• Provide and develop training for junior and intermediate accountants
• Perform basic administrative duties as needed on a day-to-day basis
• Review the working papers of junior to intermediate accountants.
• Able to audit and perform Independent Reviews for Body Corporates
• Set up accounting systems for clients
• Ensure suitable hardware and software
• Train client staff in using the software (Pastel)
• Comply with the firm’s System of Quality Management (SOQM), policies and procedures.
• Adhere to the firm’s Employee Code of Conduct which consists of the firm’s HR policies, SAICA, IRBA and IESBA Codes of Conduct.