Financial Accountant (Junior) - Durban at Hollywoodbets

You Bring:

• 1 year + related work experience 
• Studying towards Relevant Degree/Diploma
• Pastel Evolution or Similar Accounting Software
• Microsoft Office skills

What You’ll Do For The Brand:

Financial metrics

• Review of general ledgers to ensure cashbook and creditors capturing are correctly allocated and VAT correctly accounted for.
• Capturing and posting of monthly journals.
• Preparation of monthly management accounts.
• Preparation of performance measures relevant to the management accounts.
• Ensure the management accounts are prepared timeously to ensure there is adequate time for review by the Senior Financial Accountant.
• Preparation of annual financial statements.
• Review and approval of payments.
• Responsible for binding the final pack of management accounts which will be reviewed by the Group Financial Manager.
• Preparation of monthly balance sheet reconciliations by deadline communicated by the Senior Financial Accountant.
• Ensure routine transactions (expenses, asset purchases, cash book entries, sales etc.) are processed timeously by subordinates.
• Processing of non-routine transaction (depreciation, impairments, provisions, finance costs/income, discounting, lease straight-ling, management fees, administration fees etc.) and complex transactions
• Ensure correct capitalization of assets vs expensing repairs/maintenance or expensing items that will be consumed within one month.
• Ensure the cashbook clerks, creditors and debtors meet their deadlines which will allow sufficient time for review of all general ledgers before the preparation of management accounts.
• Review VAT general ledger account, prepare Output and Input Reasonableness schedules and VAT Reconciliation which will be reviewed by the Senior Financial Accountant for the period which it’s due.
• Review and approve all loan, creditors, facility, instalment sales reconciliations to external statements
• Process accruals (test estimation accuracy by reference to trends and comparison of actual results to previous estimates)
• Process goods in transit to the goods in transit liability account based on risk and rewards associated with various shipping terms and reconcile to the goods in transit stock account.
• Preparation of listing were orders are matched to DN and follow up on unfilled orders to ascertain completeness of stock/creditor.
• Preparation of the calculation of short-term portions and ensure reliable data sheets are maintained to enable this monthly.
• Process monthly standing debit orders (rent, insurance, telephone, subscriptions etc.).
• Assist the Senior Financial Accountant in the preparation of Budgets.
• Assist the Senior Financial Accountant with the quarterly mini audit.
• Prepare all schedules required by the External Auditors, Internal Auditors and BEE Auditors.
• Facilitate requests by External Auditors, Internal Auditors and BEE Auditors for documents required for substantive testing.
• Assist Senior Financial Accountant on ad hoc tasks which will enable him/her to fulfill their duties.
• Process credit notes.

People

• Performance must be tracked by yourself and the onus is on you to set-up performance review meetings  
• with the Group Financial Manager.

Compliance, risk and quality

• Comply with company policy and procedure.
• Ensure logical saving of all work, templates, etc. monthly and yearly such that each year’s financial records can stand on its own when enquiries/ investigations/audits take place.
• Produce high quality, neat, logical, succinct, easy to follow, easy to understand, formula linked work/templates/workbooks/financial models - of which is substantiated by facts with no numbers in the formulas.
• Ensure the above (final version) and other documents are chronologically saved/backed up.
• 100% compliance with COSACT, Tax acts, IFRS/IFRS for SMEs and other laws/regulations relating to finance.
• Preparation of to department process write-ups/ system descriptions and quarterly updating.

Growth and new markets/products

• Ensure measures are put in place and steps are taken to achieve the short term, medium term and long-term goals.
• Assist with company projects from time to time.