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Junior Accountant

Shoprite Holdings Ltd
Brackenfell Brackenfell, Cape Town Cape Town Region, South Africa
Closing date
Dec 10, 2023

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Job Role
Assistant Accountant
Contract Type
Full Time
Job Details Closing Date2023/12/07 Reference NumberSHO231129-1 Job TitleJunior Accountant Job TypePermanent Location - CountrySouth Africa Location - ProvinceWestern Cape Location - Town or CityBrackenfell, Cape Town Purpose of the Job

The purpose of the Junior Accountant (Fresh Food) is to support the sound financial management and practice within Fresh Foods operations by ensuring accurate cost management, identifying variances, and providing insights that optimizes financial performance and contributes significantly to the overall financial health and decision-making processes. This role supports various financial activities, from standard cost updates and variance analysis to monthly financial operations, year-end reviews, and budgeting processes.

This role requires a candidate with strong analytical skills, attention to detail, and the ability to collaborate effectively with cross-functional teams.

Job Advert Details Job CategoryAccounting Job Objectives

Financial Precision: RSA & Non-RSA Buying Support

Efficiently and accurately receive and process emails related to updating standard costs.

Compare in-store costs with standard costs to identify discrepancies between actual and standard costs.

Verify if stores/divisions are using the correct ingredients as per recipes to ensure the proper use of ingredients to minimize material usage variances.

Support the investigation and reporting on Margin Price Variance (MPV) and Material Usage Variance (MUV) shrinkage and overage.

Timely Reporting

Build new and accurate reports to assist operation managers and senior management with decision-making.

Provide regular update of Gross Profit (GP) Summary and Monday reports as and when required.

Disseminate weekly Zing Report (Deranged stock) to relevant stakeholders.

Monthly Financial Operations (as and when required)

Update ChicRite ROI_PNL, incorporating new articles and salary costs, and disseminate the final Profit and Loss (PnL) to the team.

Provide the monthly update of Convenience PnL, collaborating with teams to ensure accuracy and relevancy.

Maintain the HR Stat-Keys data set, leveraging Self Analysis and BPC, and generate the HR Productivity Report post month-end.

Ensure the receipt, signing, and payment of outstanding invoices for fresh departments.

Year-End and Budgeting

Conduct a meticulous review of the PnL for both departments at year-end, addressing anomalies and supporting audit-related queries.

Collaborate in the posting of JVs, provision for outstanding invoices, and accurate allocation of expenses.

Assist in the preparation of the incentive bonus calculation.

  • Bachelor's degree in accounting, finance, or a related field - (essential)
  • CPA or relevant professional certification is preferred - (essential)

  • +2 years' experience in financial analysis, cost accounting, and budgeting - (essential).
  • Experience with SAP BPC, Retail - (essential).

Knowledge and Skills
  • Proficient in Microsoft365 with advanced Excel skills - (essential).

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