Accountant (Tax and Derivatives) - FTC - Westville at RCL Foods

Job Description    

• RCL FOODS has an opportunity available for a Accountant (Tax and Derivative) - FTC will be responsible for assisting the the Financial Manager in performing finance functions in Taxation and Derivative Accounting for BSO services.

The role is open for candidates to be based in Westville or Pretoria West Mill

Minimum Requirements    

• Taxation 3-4 years’ experience in tax field will be an advantage.
• CA (SA) – 2 years post article experience in similar role.
• Derivatives/ Commodity Procurement 2 years’ experience in similar role.
• SAP experience.
• Strong understanding of tax accounting transactions.
• Strong understanding of foreign exchange accounting transactions. 

Duties & Responsibilities    
Taxation
Tax Computations

• Prepare current tax computations, deferred tax computations, tax related journals and tax disclosures for the financial statements.
• Provide assistance with the year end and interim reporting tax process. Assist with preparation of responses to external auditors. 
• Prepare income tax returns and the supporting schedules.
• Prepare provisional tax calculations and ensure all payments to SARS are timeously made.
• Assist with recurring processes and submissions eg. dividends tax, carbon tax and sugar tax. 
• Liase with the fixed asset team and provide guidance on capital allowance calculations. Ensure that all changes in legislation are implemented.
• Prepare transfer pricing documentation eg. Country by Country Reporting. 
• Collate and consolidate information and prepare responses to queries from SARS. 

Derivatives/ Commodity Procurement

• Journals and Recons

Preparation of monthly journals for the group.

• Assist in the calculation of actual gains and losses between FEC/ options and the actual payment/receipt to or from the bank for all positions closed in the month.
• Assist in the calculation of the effective rate for all positions closed in the month and ensure that it is sent to Commodity Procurement team timeously. 
• Maintain the monthly blotter for closed positions and deferments. Ensure that it is submitted to Commodity Procurement team at month end for them to provide quantities of commodities delivered for the month. 
• Maintain the blotter for open positions and agree blotter to trackers prepared by Commodity Procurement team and follow up on any discrepancies.
• Assist in the calculation of monthly mark to market, FEC and call and margin movements.
• Prepare all journals for month end i.e for gains/ losses on positions closed in the month, movements on open positions and deferment journals. 

Preparation of general ledger recons 

• Preparation of schedules for recons, monthly financial pack’s and balance sheet recons.
• Assist in preparation of summary information required for the monthly meeting with Chief Business Services and Risk Officer, 
• Finance Director Group Finance and Finance Executive

Closing Date    
2023/08/26