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Senior Accountant

Employer
staffsols
Location
East London East London, Eastern Cape Buffalo City, South Africa
Salary
Competitive
Closing date
Apr 18, 2024

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Job Role
Accountant
Sector
Finance
Contract Type
Permanent
Hours
Full Time
Opportunity Available!! Our leading client in the Auditing Space is looking to employ a Senior Accountant to join their dynamic team in East London. Main Purpose of The Position:

  • Processing of accounting records onto a computerized accounting system resulting in an accurate and complete set of books.
  • Completing of annual financial statements of CC's, trusts, sole proprietors and Body Corporates and working paper files.
  • Calculation of taxation owing by business and individuals. Completion of statutory returns e.g. PAYE, UIF, SDL, VAT, Workman's Compensation etc.
  • Completion of annual IRP5's and EMP501's. Liaising with clients directly. Supervise and train junior and intermediate accountants.

Responsibilities:
  • Supervise and initiating the processing of client information cheques, receipts, sales invoices, purchase invoices
  • Perform bank reconciliations
  • Processing and reconciling of Petty Cash and cash control accounts
  • Keeping of a fixed asset register
  • General journals - e.g. depreciation, provisions, interest salaries, stock, etc.
  • Process journal entries e.g. new instalment sale agreements, interest on borrowings, provisions, accruals of income and expenses, bad debts ect.
  • Foreign exchange transactions
  • Reconcile debtors and creditors statements.
  • Correct accounting treatment on disposal of assets (property, plant & equipment) and investments and the calculation of the taxation on capital gains/losses.
  • Analyse the resulting trial balance for mistakes / deviations and be able to discuss the results with the client.
  • Analytical review of AFS - GP%, Inventory days, Creditors days, Debtors days
  • Ability to record books from insufficient records.
  • Produce a draft set of financials and a working paper file for sole proprietors, close corporations, trusts, partnerships, small business corporations, farmers and Body Corporates.
  • Prepare the notes to financial statements
  • Formulate accounting policies
  • Identifying provisions and contingent liabilities
  • Calculate the tax liability for sole proprietors, individuals, close corporations and trusts, small business corporations, farmers,
  • Body corporates and partnerships.
  • Calculate the taxation on lumpsum payments by retirement
  • Non-resident tax
  • Withholding Tax on companies
  • Calculation of PAYE/UIF/SDL levies and VAT.
  • Completion of statutory returns e.g. UIF/SDL/PAYE/VAT.
  • Liaise with client re payment of the above returns.
  • Preparations of payroll.
  • Issuing of IRP5's and IT3's and reconciliation to EMP501 at year end.
  • Reconciliations of input/output VAT to annual financial statements and monthly trial balances
  • Compiling and discussing with the client of monthly management accounts.
  • Recording and identifying short comings in internal controls
  • Accounting for Loans on Related Parties
  • Set-up of accounting systems for clients


Requirements

  • BCom degree or equivalent work experience
  • Completed articles (advantageous)
  • 3-5 years working experience
  • Microsoft Office (Excel / Word)
  • Caseware (advantageous)
  • Vanilla Payroll (advantageous)
  • Pastel (advantageous)
  • Xero (advantageous)
  • Communication skills: Be able to converse in English/Afrikaans/Xhosa (advantageous)

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