Financial Accountant

Minimum Requirements:

• Completion of SAICA-accredited articles.
• 2 Years of commercial experience.
• Pastel Evolution (or similar software).
• Microsoft Office.

Responsibilities:

Financial metrics

• 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 the non-routine transactions (depreciation, impairments, provisions, finance costs/income, discounting, lease straight-ling, 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 the monthly VAT and Payroll returns.
• Timeous settlement of inter-company trade accounts, loan accounts, shareholder loans, bank loans, bank facilities, creditors, and 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 of 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 < cost), debtors (long outstanding, close to credit limit, defaulting terms, disputes, etc.), tangible (damaged, not in use, loss-making, loss of market share, etc.) and intangible assets (reputation damage, loss-making, loss of market share).
• Reassessment of useful lives, depreciation methods, and residual values for tangible and intangible assets quarterly.
• Review of profit and loss on asset disposal transactions.
• Review of general ledger transactions monthly to confirm accurate account allocations, IFRS compliance between capital and expense nature tractions, and taxation 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 approve petty cash expenses.
• Review all loan, creditors, facility, and installment 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 (rent, insurance,  telephone, subscriptions, etc.) are processed.
• Managing operating costs.
• every quarter - execute a mini audit to test compliance with supplier payment terms, claiming supplier rebates at the correct % and claiming timeously, similarly for supplier settlement discounts and general discounts, similarly for customer rebates and settlement discounts and general discounts, validity/relevance of debit orders, use of correct interest rates, wear and tear rates, depreciation rates. Retain proof of work that will be submitted to Group FM for approval.
• Ensure logical saving of all work, templates, etc. monthly and yearly such that each year’s financial records can stand on their own when inquiries/ investigations/audits take place.
• 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 audits to ensure all queries are responded to.
• Minimise audit overruns by ensuring diligent preparation of audit files/compliance with auditor requests.
• Support the GFM and CFO and CEO with specific projects and reports and data extractions.
• Assist the GFM and CFO and CEO with building financial models/billing models/project costing.
• Ensure appropriate templates and models are created and saved to substantiate decision-making.
• Any other ad hoc tasks as they arise.

People

• Living HW values of Service Excellence, Commitment, Integrity, Accountability, Enthusiasm, Ubuntu, and Innovation.
• Direct supervision and mentoring of the junior finance team.
• Creation and maintenance of roles and job descriptions and KPIs for your direct report subordinates, including annual performance reviews.
• Sourcing, attendance, and performance of training as and when needed for staff.
• Adequate recognition of staff efforts.
• Sustainable morale and team building initiatives.
• Talent retention.
• Promote declaration of all gifts and non-acceptance of kickbacks. Instances to be reported immediately
• Promote declaration of all conflicts of interest upfront.
• Promote a culture of confidentiality within the business about the protection of personal information.
• Ensure all personal information of loan applicants and suppliers and other stakeholders is not shared and is maintained in a secure environment.

Skills and Competencies:

• Must be able to identify, analyze, organize, and solve problems and issues in a timely and effective manner.
• Impressive planning, organizational, project management, and time management skills.
• Must be able to take accountability.
• Must show strong leadership skills.
• Must be able to take initiative.
• Must be results oriented.