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Financial Accountant
Frank Consult
South Africa, Brackenfell
As a Financial Accountant, you will be responsible for statutory financial reporting and tax compliance for Durban-managed business units/trial balances.Day-to-Day Functions:Accounts Receivable:Review debtors’ reconciliations and invoice processing.Monitor credit limits, CGIC activity, dispute resolution, and credit control process in conjunction with the AR Controller.Review maintenance of AR sub-ledger.Review report for weekly debtors meeting.Review late payment interest calculations.Accounts Payable:Review and sign off coding and authorization of creditor invoices.Review creditor reconciliations and payment processing.Supervise the research and resolution of creditor queries.Review maintenance of AP sub-ledger.Monitor accrual/prepaid accounts (GL maintenance).Review and approve new business partners.Cash Management / Treasury:Review and authorize FEC and supplier payments (ZAR and Foreign).Liaise with the treasury manager to monitor activities and accounting treatment of currency hedging and other activities.General:Daily liaison and coordination of group activities and objectives.Month-End:Prepare relevant month-end journals covering all non-trade-related trial balance items.Prepare and maintain fixed assets register.Prepare calculations for customer brokerage accounts.ASC740/Fin48 accrual and quarterly submission.SG&A analysis.GL reconciliations, ensuring all balances are adequately substantiated.Settlement of intercompany account balances.Review AR/AP sub-ledgers reconciliations, recharge accounts, CGIC submission, and bank reconciliations.Taxation and Statutory Returns.Preparation of the local entity monthly management accounts.Preparation of local entity AFS.Taxation (income tax, VAT, and PAYE) and Statutory Returns.Reserve Bank returns.SATS SA Financial Returns.Preparation of transfer pricing document.Compliance.Development and management of controls for good corporate governance and Sarbanes-Oxley compliance.Liaise with internal and external audit.Liaise with bankers.General:Assist with preparation of annual budget.Ad hoc projects.Education & Experience:Matric.BCom degree, with accounting and 5-10 years’ experience as an Accountant.CA (SA) qualification preferable.Solid accounting background with a sound understanding of accounting systems.Advanced Excel is essential.Sound theoretical and practical knowledge of legislation applicable to financial management, including Companies Act, Income Tax Act, and IFRS.Advanced degree is advantageous.Demonstrated proficiency in technical analysis tools and platforms.Advanced user of Excel and PowerBI.Computer Literacy: Familiarity with trading software, spreadsheets, and financial modeling tools.Working Environment/Physical Demands:Ability to thrive in a fast-paced environment, multitask effectively, and prioritize tasks to meet deadlines.Core Competencies:Engage with various stakeholders, including shareholders, banking partners, suppliers, customers, operations, and sales team members.Commercially astute and perceptive.Target driven and ambitious.Detail-oriented.Strong commitment to integrity, professionalism, and ethical conduct.Collaboration.Strong analytical and qualitative skills.Drives engagement.Problem-solving and conflict resolution abilities.Demonstrates self-awareness.Drives efficiencies.Accuracy and attention to detail is essential.Manages complexity.Project management.Cultivates innovation.Situational adaptability.Systems focused.Optimizes business processes.Self-driven and motivated.Analytical mindset, at ease with numbers and proven negotiation skills.Possesses a layer of finesse and tact to represent the company in front of customers.If you meet the qualifications and are ready to join a dynamic team, we encourage you to apply for this exciting opportunity.
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