We are looking for an Assistant Client Accounting Manager for a Renowned Company in Port Elizabeth.
Short Summary of the purpose of the role:
Manage and review the processing of accounting records onto a computerized accounting system resulting in an accurate and complete set of books. Completing annual financial statements of closed corporations, trusts, sole proprietors, body corporates, and working paper files. Calculation of taxation owed by businesses and individuals. Completion of statutory returns e.g., PAYE, UIF, SDL, VAT, Workman's Compensation, etc. Liaising with clients directly. Supervise and train junior and intermediate accountants.
Academic Qualifications Required:
BCom degree with Accounting III, Auditing and Taxation
Technicon diploma with Accounting III, Auditing and Taxation
SAIPA Qualified
OR
More than 2 years of experience in similar role
Skills, Competencies and Experience Required:
People skills: Ability to deal with clients and colleagues in a professional manner
Communication skills: Be able to converse in English /Afrikaans / Xhosa (advantageous), good report writing skills. Reasonable general knowledge.
Ability to present / provide training material
Management skills: Ability to supervise accountants and provide leadership.
Accurate, decisive, Able to prioritize, organised and problem solving skills
Strong accounting, taxation and auditing knowledge
Time Management
Able to work under pressure in a deadline driven environment
Required Computer Packages:
Good working knowledge of Pastel, Microsoft office – excel and word, Windows, Caseware, and Payroll (not compulsory)
Key Duties and Responsibilities – Key Performance Indicators:
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.
Distinguish between finance and operating leases.
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 according to generally accepted accounting practice 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 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
Tax planning – e.g. fringe benefits and allowances
Tax avoidance / Non-resident tax
Calculation of PAYE/UIF/SDL 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 IRP501 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.
Complete a tax return for individuals, close corporations, trusts and body corporates.
Recording and identifying short comings in internal controls
Identifying risks and calculate materiality
Statutory checks – member's certificates, founding statements, association agreements etc.
Pre-engagement procedures
Acquisition of member's interest / shareholding
Review the monthly files of junior to intermediate accountants
Completion and review of Management representation letters
Qualifying the report of an Accounting Officer