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Purpose:

The Financial Accountant role is an essential role responsible for ensuring accurate financial reporting, managing inventory, maintaining the general ledger, assisting with tax compliance for all entities within the Group and providing crucial support to the finance team. This role demands a high level of expertise in IFRS accounting and tax principles, Microsoft Excel proficiency, and strong interpersonal skills.
 

Requirements:

• Accounting Degree or a 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 in consignment stock management.
• In-depth understanding of Income Tax and IFRS accounting principles.
• Have a strong statistical knowledge.
   

Key Responsibilities: 

Inventory Management

• Oversee and manage the consignment inventory and sales interface system.
• Weekly meetings with the relevant teams to validate and confirm consignment stock balances (cut-off reports).
• Prepare stock recons and circulate to the commercial managers for review.
• Prepare monthly journal entries and investigate variances.
• Liaise with IT supporting team to solve queries timeously.            
• Perform quarterly net realisable value calculations of inventory.
• Analyse inventory write-offs.
• Maintain relevant general ledger balance sheet reconciliations.
• Preparation of bi-annual calculations for provisions for obsolete stock
• Review of the stock subledger to assess for reasonableness.
• Review of stock counts performed to ensure completeness of inventory.

 

General Ledger Maintenance

• Preparation of month end journals
• Monthly preparation of General Ledger reconciliations, ensuring accuracy and resolution of outstanding items.
• Manage reconciliations of consignment sales to SAP.
   

Tax

• Preparation of provisional tax computations.
• Preparation of income tax computations (individual and consolidated)
• Ensure tax schedules are timely and accurately reviewed.
• Preparation and review of S12H Learnership allowances schedule.
• Preparation and review of S18A donations schedule.
• Review of wear and tear rates applied to assets and compare to SARS prescribed rates.
• Preparation of carbon tax computations.
• Review of diesel rebates schedules
• Remain updated on changes in tax laws and regulations
• Assist with tax audits, including gathering documentation and liaising with the supporting teams.
   

Financial 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 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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