A private equity-backed multinational firm based in Cape Town is seeking a Finance Assistant to handle transaction processing, payments, and financial controls for their Head Office.In this role, you will play a crucial part in ensuring the smooth operation of financial processes and controls. The Finance Assistant will be responsible for various tasks that contribute to the accuracy and efficiency of the financial functions at the Head Office. You will engage with departmental directors and management accountants, working collaboratively to ensure timely and accurate processing of transactions.Key responsibilities include:Managing daily bank postingsProcessing purchase invoicesMaintaining supplier recordsPreparing payment runs and month-end accrualsReconciling accounts and assisting in cash flow forecastingYour attention to detail will be vital as you support the growth and financial stability of the organisation.Key qualifications and experience for the Finance Assistant:Bachelor of Accounting / Finance Honours (strong academic record)Actively pursuing a professional accounting qualification is preferredAbility to thrive in a fast-paced environmentProficient in MS Office, especially ExcelKey duties for the Finance Assistant include but are not limited to:Conduct daily bank postings and reconciliations for over ten accounts in Euro and GBPProcess purchase invoices each month, ensuring accurate coding by supplier, chart of accounts, department, project, VAT, and entityServe as the primary contact for departmental directors regarding purchase invoice approvalsHandle the daily processing of expense invoicesSet up and maintain supplier records, including bank details and contact informationPrepare month-end accruals for unapproved invoicesExecute weekly payment runs for suppliers, loans, interest, and expenses, while implementing pre-payment controls through balance reviews and bank account checksReconcile supplier statements for accuracy and conduct weekly reviews of the accounts payable ledger with the management accountantPerform monthly credit card reconciliations and postingsGenerate monthly sales invoices for Head Office service recharges, specific recharges, and annual invoices for group insurance and flexible benefitsDistribute monthly customer statements to group entitiesManage credit control for accounts receivable invoices, following up on debts over 30 days oldAssist with weekly cashflow forecastingReconcile accounts payable ledgers with accounts receivable ledgers of group counterpartiesKey personal skills for the successful Finance Assistant:Strong interpersonal skills for effective collaborationAbility to adapt to new situations and positively engage with diverse individualsExcellent organisational and time management skillsIf you are passionate about financial processes and controls, and if you have strong experience in transaction management, then please get in touch to learn more.About the job:Contract Type: PermanentSpecialism: Accountancy & FinanceWorkplace Type: HybridLocation: Cape TownSalary: NegotiableJob Reference: 4RQDVK-07E38C5DDate posted: 09 October 2024Consultant: Ashleigh Cloete
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