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Intercompany Accountant (Fixed Term Contract)

Cape Town City Centre Cape Town Cape Town Region, South Africa
Closing date
Jul 3, 2024

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Job Role
Contract Type
Full Time
Incubeta is a global digital marketing company operating in approx. 20 countries with over 600 employees worldwide. We are embarking on our strategy of growth, both organically and via acquisition. Core finance processes are structurally centralised to ensure streamlined and consistent support for our operations - with team members working across several geographical locations.
Intercompany Accountant
As an Intercompany Accountant at Incubeta, you will play a crucial role in maintaining the financial integrity of our global operations. This position involves managing and reconciling all intercompany transactions to ensure accuracy and compliance with financial regulations and internal policies. You will work closely with various departments and entities within the organisation to facilitate seamless financial processes and support our overall financial strategy. This is an excellent opportunity for a detail-oriented and analytical professional to contribute to a dynamic and growing company.
Key Responsibilities
Reconciliation of Intercompany Loan Accounts:
- Recording Transactions: Accurately record all intercompany loan transactions in the accounting system.
- Monthly Reconciliations: Perform monthly reconciliations of intercompany loan accounts to ensure that balances are accurate and discrepancies are identified promptly.
- Discrepancy Resolution: Investigate and resolve any discrepancies or inconsistencies in loan accounts by liaising with relevant departments and entities.
Reconciliation of Intercompany AR/AP Balances:
- Account Maintenance: Maintain and update intercompany accounts receivable (AR) and accounts payable (AP) ledgers.
- Reconciliation Processes: Conduct regular reconciliations of AR and AP balances between intercompany entities, ensuring that all transactions are accurately recorded.
- Variance Analysis: Analyse variances and resolve any issues by collaborating with accounting teams across different entities.
- Reporting: Prepare detailed reports on the status of intercompany AR/AP balances, highlighting any significant issues or trends.
Managing Process of Intercompany Recharges:
- Cost Allocation: Oversee the allocation and recharging of shared costs, such as administrative expenses and other shared services, between different entities within the company.
- Documentation: Ensure that all intercompany recharges are well-documented and supported by appropriate justifications and agreements.
- Process Improvement: Continuously review and improve the intercompany recharge process to enhance accuracy and efficiency.
Managing Settlement of Intercompany Balances:
- Payment Processing: Facilitate the timely settlement of intercompany balances by coordinating payments and receipts between entities.
- Cash Flow Management: Monitor and manage the intercompany cash flow to ensure that each entity has adequate funds for its operations.
- Dispute Resolution: Address and resolve any disputes or issues related to intercompany settlements promptly and effectively.
- Compliance: Ensure that all intercompany settlements comply with internal policies, external regulations, and tax requirements.
- Reporting and Analysis: Prepare regular reports on intercompany settlements, providing insights into outstanding balances, aging reports, and any potential risks.
- Education: Bachelor's degree in Accounting, Finance, or a related field.
Skills required:
- Strong analytical and problem-solving abilities.
- Excellent attention to detail and accuracy.
- Proficiency in accounting software and spreadsheets.
- Strong communication and interpersonal skills.
- Ability to work independently and as part of a team.
Personal attributes:
- Detail-Oriented: Exceptional attention to detail is crucial for maintaining accurate financial records and identifying discrepancies.
- Analytical Skills: Strong analytical abilities to evaluate financial data, identify trends, and resolve issues effectively.
- Proactive: A proactive approach to problem-solving and process improvement, anticipating issues before they arise.
- Communicative: Excellent communication skills to collaborate with various departments and entities, ensuring clarity and consistency in financial transactions.
- Organised: Highly organised with the ability to manage multiple tasks and deadlines efficiently.
- Integrity: Strong sense of integrity and commitment to ethical standards in financial management.
- Adaptable: Ability to adapt to changing financial regulations and internal policies, staying current with industry best practices.
This role is pivotal in ensuring the financial accuracy and efficiency of intercompany transactions within Incubeta. The ideal candidate will be a meticulous and proactive professional with a strong foundation in accounting principles and a keen eye for detail.
If you feel you fit the above criteria, please apply with your CV and cover letter.
Please take note that if you do not receive a response within 2 weeks of applying, you should consider your application as unsuccessful.

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