About the job: Senior Financial AccountantDuties and responsibilities:Preparation of annual budgets.Preparation/review of monthly management accounts including analysis/commentary.Preparation/review of the annual financial statements.Preparation/review of monthly working paper files and high-risk balance sheet reconciliations.Ensure routine transactions (expenses, asset purchases, cash book entries, sales etc.) are processed timeously by junior team members.Preparation/review of non-routine transaction (depreciation, impairments, provisions, finance costs/income, discounting, lease straight-lining, management fees, administration fees etc.) and complex transactions.Review of and approval of payment, together with accurate capturing of invoices in the accounting system, ensuring IFRS and tax compliance.Review of annual tax computations.Timeous preparation and payment of provisional taxation payments.Review of the monthly VAT and Payroll returns.Timeous settlement of inter-company trade accounts, loan accounts, shareholder loans, bank loans, bank facilities, creditors, SARS (Income Tax, PAYE, VAT) in line with agreed payment terms.Ensure that all inter-company balances are reconciled monthly.Timeous collection of loans receivable, inter-company trade accounts and trade debtors. Effective management of working capital. (Assist in the continuous improvement in supplier terms and customer terms).Effective tax planning and cash flow management. Identification of control weakness, designing of internal controls and implementation thereof.Timeous corrective action against internal audit and external audit findings.Adequate provisioning of impairments on stock (slow moving, damaged, loss of market share, obsolete, expired, NRV).Reassessment of useful lives, depreciation methods and residual values for tangible and intangible assets quarterly.Review of profit and loss on asset disposals transactions.Review of general ledger transactions monthly to confirm accurate account allocations, IFRS compliance between capital and expense nature transactions and taxations compliance.Ensure annual stock take is performed (including monthly/quarterly as dictated by company policy). Review of stock count variances.Review and approval of consignment stock listings.Review and approval of petty cash expenses.Review all loan, creditors, facility, instalment sales reconciliations to external statements.Review and approve accruals (test estimation accuracy by reference to trends and comparison of actual results to previous estimates).Ensure monthly standing debit orders of the business are processed.Managing of operating costs.Assist the BEE project team to ensure the improvement and sustenance of the company's BEE score.Optimization of the company's financial position and financial performance.Liaise with the various departments and regional/operational managers to ensure efficient reporting.Liaison with external auditors during interim and year-end audit to ensure all queries are responded to.Minimize audit overruns by ensuring diligent preparation of audit files/compliance with auditor requests.Qualifications and experience:BCom Accounting or related.Completion of SAICA accredited articles.2 years of commercial experience.Pastel Evolution (or similar software).Microsoft Office.Experience in financial accounting for multiple subsidiaries within a large global group.
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