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Management Accountant

Employer
BKB LTD
Location
Eastern Cape Eastern Cape, Eastern Cape South Africa, South Africa
Salary
Competitive
Closing date
Jun 25, 2024

View more

Job Role
Accountant
Sector
Finance
Contract Type
Permanent
Hours
Full Time
Here at BKB, we want to do things differently. We must, because the world is changing, and we want to keep up. Our people, no matter their position, are the ones to do this, We are looking for forwarding thinkers who want to make a difference.

To maintain the integrity of the financial accounting function in accordance with sound accounting practices, company policy and legislative requirements. To facilitate financial integration of new acquisitions and provide financial support to subsidiaries.

We offer a competitive Total Cost to Company salary which includes, medical aid, retirement benefits and above average leave.

We need:
  • Degree in Accounting or equivalent qualification, i.e. (B Com Accounting and/or Management Accounting)
  • Honors Degree / Articles strongly recommended
  • 2-3 years relevant financial experience
  • Knowledge of General Accounting Principles (GAAP)
  • Knowledge of relevant legislation
  • Knowledge of Internal Financial Reporting Standards (IFRS)
  • Knowledge of budgeting processes
  • Understanding financial accounting and treasury
  • Understanding of computerized financial systems

Competencies
  • Initiating action
  • Good communication abilities
  • Time management
  • Quality orientated
  • Strategic decision making
  • Stress tolerant
  • Team success
  • Technical & Professional skills

Skills
  • Excellent administration skills
  • Strong analytical/problem-solving skills
  • Strong communication skills
  • Ability to perform under pressure
  • Good time-management skills
  • Good conflict management skills
  • Strong computer literacy

Key responsibilities of this role

  • Financial management
    • Develop and maintain financial accounting processes and procedures
    • Implement and maintain sound internal controls
    • Oversee the management accounting and internal control processes and procedures
    • Identify financial accounting risks and develop and implement mitigating strategies
    • Attend to audit queries
  • Budgeting
    • Establish and maintain a budgeting system and assist with setting up the planning parameters
    • Manage and control the annual planning and budgeting process
    • Prepare the budget
    • Interface and train users regularly regarding budget control and variance reports
  • Financial administration
    • Prepare statutory returns (i.e. VAT, PAYE, SDL and RSC)
    • Verify the General Ledger, accruals and control accounts
    • Review local reconciliations before payments can be made
    • Review Creditors on a monthly basis
    • Prepare journal file and financial month-end pack
    • Verify and authorise Forex differences
    • Review alignment of contractual payment conditions with budgets and forecasts
    • Control commitments against budget
    • Manage cost control workflow
    • Ensure that work measurements are correctly accrued and accredited
  • Financial reporting
    • Report on all cost activities (e.g. budget, forecasts) and on work in progress in line with company policies, legislation and GAAP
    • Report on variances between budgets, commitments and expenditure
    • Assist with refining and enhancing financial reporting for the organisation
    • Implement reporting software
    • Deadline driven
  • Leadership
    • Manage the designated area within time and budget
    • Plan, select, develop, and maintain suitable manpower capabilities for area of responsibility.
    • Supervise, develop, lead and maintain a motivated and high-performance team
    • Identify and timeously address problems and opportunities
    • Provide direction in respect of decision making
    • Facilitate and resolve conflicting issues or requirements
    • Ensure compliance with relevant legal and statutory requirements and internationally accepted environmental, health, safety and quality standards

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