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Financial Accountant

Employer
iKhokha
Location
Umhlanga Rocks uMhlanga, KwaZulu-Natal eThekwini, South Africa
Salary
Competitive
Closing date
Oct 10, 2024
View more categoriesView less categories
Job Role
Financial Accountant
Sector
Finance
Contract Type
Permanent
Hours
Full Time
Job Description

Are you a skilled finance professional ready to make an impact? Look no further!

We're looking for a driven Financial Accountant to join our iKTribe and play a pivotal role in shaping our company's financial success.

So, what will you do? 
  • Gather financial data to ensure that all financial transactions are valid, accurate and complete on a monthly basis.
  • Ensure compliance with IFRS and SARS, CIPC and other relevant legislation/regulations.
  • Accurate financial processing in preparation of monthly Trial Balance.

In addition to the above, your key responsibilities will be:

Fixed Asset Register:
  • Process all additions on a monthly basis.
  • Run depreciation and amortisation for month end.
  • Ensure fixed asset register reconciles to GL.
  • Conduct annual impairment testing on intangible assets

Cashbook: 
  • Ensure all cashbooks are processed daily/weekly.
  • Bank reconciliations performed weekly with no variances.
  • Accuracy of cashbook allocations.
  • Unallocated payments or receipts resolved timeously

Value Added Tax:
  • Calculation of accurate output and input tax values based on value added tax act.
  • Prepare Vat reconciliation to GL.
  • Ensure VAT is captured on e-filing and submitted before submission deadline.
  • Ensure SARS receives payment before deadline.
  • Prepare necessary documents requested by SARS for Audit

Payments:
  • Load supplier payments
  • Provide proof of payments as required
  • Review of banking details for payments
  • Ensure that there is sufficient cash available for payments
  • Allocate merchant deposits to the correct wallet IDs

Reconciliation & Journal Entries:
  • Prepare all balance sheet reconciliations.
  • Ensure reconciling items are resolved timeously.
  • Process all monthly journal entries timeously to ensure month end close deadlines are achieved.

General Ledger Review:
  • Perform detailed review of all GL accounts to ensure completeness.
  • Correction of allocations between GL's.
  • Review costs against budget to understand variances.
  • Process/reverse provisions and accruals where necessary

Budgeting:
  • Assist in the annual budgeting process.
  • Ensure all costs are budgeted for accurately.
  • Assist in balance sheet and working capital budgets

Annual Audit:
  • Assist in the annual audit process.
  • Provide supporting documents requested by external auditors timeously

Income Tax: 
  • Calculate accurate Income Tax values based on Income Tax Act.
  • Prepare deferred tax asset/liability and reconcile to GL.
  • Conduct annual impairment testing on deferred tax asset.
  • Ensure provisional Income Tax returns are captured on e-Filing and submitted before submission deadline.
  • Ensure SARS receives payment before deadline.
  • Prepare necessary documents requested by SARS for audit

Other Statutory Reporting:
  • Assist in executing against the company's B-BBEE strategy with the support of the Finance Operations Manager and 3rd party advisors (i.e., provide supporting reporting and data points to key stakeholders, ratings agencies, etc.).
  • Assist in timeous EE & WSP reporting on an annual basis (i.e., provide supporting reporting and data points to key stakeholders, Dept. of Labour, SETA etc.).
  • Assist in annual CIPC submissions processed by 3rd party company secretary

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