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Purpose:

The Financial Accountant role is an essential role responsible for ensuring accurate financial reporting, supporting in cash management and working capital processes, maintaining the general ledger and providing crucial support to the finance team. This role demands a high level of expertise in IFRS accounting principles, Microsoft Excel proficiency, and strong interpersonal skills.
 

Requirements:

• Accounting Degree with a minimum of 3 years of experience in a finance role or; newly qualified CA(SA)
• Minimum of 3 years of experience in a finance role
• Proficiency in MS Office, with advanced skills in Excel.
• Advantageous to have experience with SAP
• Advantageous to have experience within a Treasury function.
• Have a strong statistical knowledge.

Key Responsibilities:

Cash management

• Daily tracking of cash positions
• Analysis of variances between forecasted and actual positions
• Maintain detailed payment schedules and investigation of variances to forecasts                                                                                           
• Assist in preparing cash flow forecasts and identifying potential funding gaps.
• Review of journals related to the reconciliation and clearing of the bank sub-ledger
• Monthly review of bank reconciliations
• Daily approval of account transfers and manual payments.
• Working closely with the supporting team to meet treasury objectives.
• Maintain accurate and up-to-date treasury records and documents.
• Identify opportunities to improve treasury operations, including streamlining of processes.
• Ensure compliance with company policies on credit card use.
• Liaise with banks and financial institutions to resolve payment- related issues.
• Ad-hoc tasks within the treasury function.
   

General Ledger Maintenance

• Preparation of month end journals for the central finance function.     
• Monthly preparation of General Ledger reconciliations, ensuring accuracy and resolution of outstanding items.  
• Collaborating with supporting teams to review and resolve long-standing asset capitalisation (WIP) queries
• Execute lease proof calculations, process lease journal entries, and ensure accurate financial statement reporting.
• Monthly review of credit card reconciliations to ensure accuracy, completeness and compliance with the VAT act.
• Assess and review the useful lives of fixed assets to ensure compliance with accounting standards and organisational policies.
• Collaborate with the relevant departments to verify asset conditions that may have an impact on useful lives.
   

Financial reporting

• Collation and review of supporting information (intercompany transactions and balances) for inclusion within the consolidated monthly accounts
• Provide assistance and support in preparing the quarterly forecast for group reporting.
• Participate actively in the year-end financial reporting process and liaise with Internal and External Audit teams
• Work closely with the regional teams to gather the required information for reporting.
• Preparation of notes to the Financial Statements in accordance with IFRS and JSE listing requirements
• Assist in identifying opportunities for streamlining financial reporting processes.
• Remain updated on changes to IFRS standards and best practices.
   

General Responsibilities 

• Act as a liaison for Audit teams.
• Provide GL analysis support to commercial teams
• Safeguard records and ensure reliable data management.
• Share pertinent data with management for informed business decision-making.
• Provide support to the finance manager on ad-hoc tasks.
   

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