A leading mining company is seeking a financial accountant who will be responsible for financial operational delivery. Ensuring monthly accounting function and processing are completed accurately and on time for all entities.
DUTIES & RESPONSIBILITIES
Processing all monthly and recurring journals Prepare journal cover sheet for each journal processed and ensure supporting documentation are attached to them:
File journals in numerical order with monthly dividers
Staff Advance expenses captured and petty cash
Clearing suspense account
Accrue for expenses where applicable
Provision for leave pay
Interest on loans or investments
Expensing or capitalising deposits
Revaluation journal of all foreign debtors, creditors and loans
Releasing prepaid expenditure to income statement
Annual and interim audit journals
Ad hoc and reallocation journals
Prepare final Balance Sheet Reconciliations with supporting documentation and/or schedules attached for each account as set out on the Excel Balance Sheet recon file. Follow up on all unknown entries, initiate action to resolve matters identified during review and escalate when necessary.
Prepare monthly operating expense analysis with detailed explanations on material movements. Compare operating expenses with previous month and year, provide valid reasons for fluctuations. Investigate top 10 highest expenses each month.
Perform ad-hoc accounting functions when required.
Group Loan accounts and group loan matrix. Agree intercompany loan balances and capture inter loan transactions
Maintain fixed asset register and balance register to trial balance on Pastel. Capture additions, disposals and depreciation. Prepare monthly Fixed Asset Recon. File Fixed asset invoices and supporting documents in separate file
Prepare monthly management accounts for review before submitting to ABSA
Perform Creditors Reconciliations by comparing monthly ageing with the supplier statements. Ensure there is a supplier statement to verify each balance on the creditors ledger
Prepare and raise monthly re-invoicing within group companies to ensure correct allocation of expenses
CIPC- Ensure company details are kept up to date and are relevant at all times
Assist with annual and interim audits- prepare audit file and workings, assist with samples and supporting documents. Assist auditors with any queries and explanations
Debtors management- Perform monthly debtors reconciliations and revaluations. Do monthly comparison to tie debtors back to dollar values as per deal recons. Ensure debtors accuracy with debtors balance confirmations
Prepare VAT calculation and reconciliation that ties VAT201 back to Tax type report. Close VAT period for posting.
Reconcile output vat back to local sales invoices
Reconcile input vat back to cost of sales and purchases
Ensure VAT control account agrees to SARS Statement of accounts. Perform reconciliation
Ensure all returns are completed accurately and submitted timeously to SARS - VAT, PAYE
Prepare and submit all necessary supporting documents for SARS reviews or audits
Ensure TCCs for all companies are valid and up to date.
Submit monthly Tax clearance summary to ensure each company complies. Give reasons should a certain tax type not have full clearance
Assist in provisional and income tax calculations
Monitor and manage E-filing profile for any letters, assessments
Processing of Cashbook (all local currency bank accounts and CFC account) daily and making sure bank balance agrees to trail balance at month end
Performing bank reconciliations on Pastel and submit along with bank statement and supporting ledger
Perform allocations daily payments were made. Ensure payments were allocated to correct vendor or GL account.
Ensure timeous filing of bank statements and bank reconciliations
Send group Bank balances out on every Tuesday
Completed Financial Degree (minimum Accounts 3)
Completed articles- not essential
2-3 years post article experience
Knowledge of GAAP and IFRS
Preparation of vat returns
Experience in accounting and reconciling intercompany transactions across the group