Our client is seeking an experienced Senior Accountant to join their team.
Requirements: Matric with Accounting at a Higher Grade.
BCom degree or equivalent degree with Accounting III and taxation.
Completed SAIPA articles or SAICA articles OR More than six years of experience in a similar role.
Pastel Microsoft Office – Excel and Word, Windows CaseWare Xero Summary of job: Processing accounting records onto a computerised accounting system results in an accurate and complete set of books.
Completing annual financial statements of CCs, 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, etc.
Liaising with clients directly.
Supervise and train junior and intermediate accountants.
Responsibilities: Supervise and initiate processing of client information receipts, sales, and purchase invoices.
Perform bank reconciliations.
Processing and reconciling of Petty Cash and cash control accounts.
Keeping 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, and equipment) and investments and the taxation calculation on capital gains/losses.
Analyze 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 for 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 corporations, and partnerships.
Calculate the taxation on lumpsum payments by retirement.
Tax planning – e.g., fringe benefits and allowances.
Tax avoidance / Non-resident tax.
Secondary tax on companies.
Perform vouching tests during an audit of (Pty) Ltd and Body Corporates to verify completeness, existence, accuracy, valuation, ownership, and presentation.
Calculation of PAYE/UIF/SDL levies and VAT.
Completing statutory returns, e.g., UIF/SDL/PAYE/VAT.
Liaise with the client regarding payment of the above returns.
Reconciliations of input/output VAT to annual financial statements and monthly trial balances.
Compiling and discussing monthly management accounts with the client.
Complete a tax return for individuals, close corporations, trusts, and body corporates.
Recording and identifying shortcomings in internal controls.
Identifying risks and calculating 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.
Other: Concept and characteristics of close corporations / private companies / sole proprietors/trusts/clubs / sectional titles.
Advantages and disadvantages of the above.
Loans to members of the above.
Powers of members to bind the above.
Personal liability of members to CC/company and others.
Accounting records are to be maintained.
The duties and rights of an accounting officer.
Assist junior and intermediate accountants.
Any other duty/work/client that is not the everyday run-of-the-mill activity, e.g.
and is more complex.
Provide and develop training for junior and intermediate accountants.
Perform essential administrative duties as needed on a day-to-day basis.
Review the working papers of junior to intermediate accountants.
Able to audit and Body Corporates and perform Independent Reviews.
Set up accounting systems for clients.
Suitable hardware and software.
Train client staff to use the software (Pastel).
Compliance with the firm's System of Quality Management (SOQM), policies and procedures.
Compliance with the firm's Employee Code of Conduct, which consists of the firm's HR policies, SAICA, IRBA, and IESBA Codes of Conduct.
Salary: Market-related.