11 Oct
iKhokha
Umhlanga
Job Description
Are you a skilled finance professional ready to make an impact? Look no further!
We're looking for a driven Financial Accountant to join our iKTribe and play a pivotal role in shaping our company's financial success.
So, what will you do?
- Gather financial data to ensure that all financial transactions are valid, accurate and complete on a monthly basis.
- Ensure compliance with IFRS and SARS, CIPC and other relevant legislation/regulations.
- Accurate financial processing in preparation of monthly Trial Balance.
In addition to the above, your key responsibilities will be:
Fixed Asset Register:
- Process all additions on a monthly basis.
- Run depreciation and amortisation for month end.
- Ensure fixed asset register reconciles to GL.
- Conduct annual impairment testing on intangible assets
Cashbook:
- Ensure all cashbooks are processed daily/weekly.
- Bank reconciliations performed weekly with no variances.
- Accuracy of cashbook allocations.
- Unallocated payments or receipts resolved timeously
Value Added Tax:
- Calculation of accurate output and input tax values based on value added tax act.
- Prepare Vat reconciliation to GL.
- Ensure VAT is captured on e-filing and submitted before submission deadline.
- Ensure SARS receives payment before deadline.
- Prepare necessary documents requested by SARS for Audit
Payments:
- Load supplier payments
- Provide proof of payments as required
- Review of banking details for payments
- Ensure that there is sufficient cash available for payments
- Allocate merchant deposits to the correct wallet IDs
Reconciliation & Journal Entries:
- Prepare all balance sheet reconciliations.
- Ensure reconciling items are resolved timeously.
- Process all monthly journal entries timeously to ensure month end close deadlines are achieved.
General Ledger Review:
- Perform detailed review of all GL accounts to ensure completeness.
- Correction of allocations between GL’s.
- Review costs against budget to understand variances.
- Process/reverse provisions and accruals where necessary
Budgeting:
- Assist in the annual budgeting process.
- Ensure all costs are budgeted for accurately.
- Assist in balance sheet and working capital budgets
Annual Audit:
- Assist in the annual audit process.
- Provide supporting documents requested by external auditors timeously
Income Tax:
- Calculate accurate Income Tax values based on Income Tax Act.
- Prepare deferred tax asset/liability and reconcile to GL.
- Conduct annual impairment testing on deferred tax asset.
- Ensure provisional Income Tax returns are captured on e-Filing and submitted before submission deadline.
- Ensure SARS receives payment before deadline.
- Prepare necessary documents requested by SARS for audit
Other Statutory Reporting:
- Assist in executing against the company’s B-BBEE strategy with the support of the Finance Operations Manager and 3rd party advisors (i.e., provide supporting reporting and data points to key stakeholders, ratings agencies, etc.).
- Assist in timeous EE & WSP reporting on an annual basis (i.e.,
provide supporting reporting and data points to key stakeholders, Dept. of Labour, SETA etc.).
- Assist in annual CIPC submissions processed by 3rd party company secretary
▶️ Financial Accountant
🖊️ iKhokha
📍 Umhlanga