Divisional Accountant - Bloemfontein at Shoprite Group of Companies

Job Objectives

Financial statement preparation: 

• Gather pertinent financial data, including transaction records, invoices, and bank statements. 
• Categorise and organise the data and information appropriately. 
• Compile a balance sheet detailing assets, liabilities, and equity. 
• Develop an Income Statement summarising revenue, expenses, and net income over a specific period. 
• Prepare the Cash Flow Statement to monitor cash inflows and outflows. 
• Manage necessary adjustments, such as accruals for expenses or revenue recognition, to ensure precise financial reporting. 
• Review and validate statements for accuracy, consistency, and compliance with accounting standards. 
• Present the financial statements to stakeholders and distribute them as needed. 

Tax compliance: 

• Provide input in registering businesses for tax purposes, ensuring compliance  
• Prepare and submit accurate tax returns on behalf of the business. 
• Reporting on financial data by creating reports required by South African Revenue Services. 
• Managing payment by calculating tax liabilities and ensure timely tax payments. 
• Monitor due dates and manage cash flow for tax payments. 
• Asses potential tax risks and advise business on minimising these risks through proper compliance. 
• Provide guidance on tax-related matters to help businesses make informed decisions. 

Audit preparation: 

• Maintain and update records on a regular basis to ensure a smooth audit.? 
• Monitor developments instituted by regulatory bodies and remain updated to ensure accurate financial reporting. 
• Manage timelines to ensure accuracy and timely delivery of audit review. 
• Working closely with the audit function to ensure that all risks and related areas of reconciliations are identified for audit purposes - and communicating with, participating in and supporting all audit activities and closing of findings etc. 

General ledger management: 

• Maintain the general ledger (GL), which serves as the central repository for financial transactions. 
• Record financial transactions accurately and timeously. 
• Extract data from the GL statements to provide insights into the divisions financial position. 
• Reconcile GL accounts by comparing internal records with external sources. 
• Manage sales tax reporting, ensuring timely and accurate submissions.  
• Manage fixed asset records within the GL, tracking acquisitions, disposals, and depreciation. 

Stakeholder Management and Partnerships: 

• Maintain strong relationships with franchise partners, providing financial guidance and support as needed. 
• Participate in meetings and discussions with internal and external stakeholders to address financial concerns and objectives. 
• Act as a resource and knowledge expert on financial matters for franchise teams and functional departments. 

Qualifications

• Bachelor's degree in finance or related field (essential). 
• Qualified Chartered Accountant: CA(SA) (preferred). 

Experience

• +4 years of experience in an Accounting or equivalent role - (essential).   
• Experience within the FMCG, retail sector or similar - (preferred). 
• Familiarity with accounting software (e.g., SAP, Pastel)  

Knowledge and Skills

• Advanced proficiency in Microsoft Excel. 
• Experience working in a franchise or decentralised operational environment.