Financial Accountant
- Recruiter
- Headhunters
- Location
- Port Elizabeth, South Africa
- Salary
- Competitive salary
- Posted
- 28 Oct 2020
- Closes
- 18 Nov 2020
- Ref
- 2388933
- Job role
- Accountant, Financial accountant
- Sector
- Accounting - Public practice
- Experience level
- Qualified accountant
Our client in the automotive (component manufacturing) industry and based in Port Elizabeth is looking to employ a young and dynamic Financial Accountant. Awesome career opportunity awaits!Minimum Requirements:
- Minimum 3-5 years commercial experience
- Relevant degree/ Certified Accountant
- Ensure correct filling of invoices together with supporting documentation.
- Check reconciled accounts and issued statements.
- Ensure clients being contacted and arrange for payments.
- Allocating payment projections into cash flow.
- Completion and updating of account application forms, including all relevant statutory supporting documentation for prospective and current clients.
- Verify purchase requisitions against budget.
- Authorize placement of stock orders
- Plan capital layout versus income for project cash flow purposes.
- Prepare and monitor cash flow, including for:
- Overheads
- Debtors
- Creditors
- Special payment arrangements
- Ensure projected budgets are not exceeded and that set targets are met.
- Liaise with management re projections.
- Ensuring available credit limits are not exceeded.
- Plan the most suitable cash flow option in regard to interest paid and other charges.
- Establish financial implications and cost-effective feasibility for forex payments
- Main bank account:
- Posting of all payments / receipts.
- Ensure all transactions are booked to correct GL accounts.
- Full bank reconciliation at month end.
- Ensure legitimacy off all documentation processed (official tax invoices as per SARS requirements).
- Pass journals to claim VAT on charges from Bank invoices received.
- Issue of all funds and ensure proper documentation received to process transactions.
- Full reconciliation at month end - ensure calculated bank balance equals petty cash funds remaining.
- Arrange special payment arrangement with creditors (when required).
- Negotiate payment with once-off creditors (deposits, progress, COD).
- Liaise with CGIC recover for creditors to ensure trading limits are adequate for requirements and cover does not exceed requirement resulting in inflated exposure.
- Overview of Credit Applications from Creditors (Terms and Conditions) to meet current legislation.
- Assist in reconciliation of "problem" accounts.
- Daily payment of invoices as required, e.g. Telkom, Electricity etc.
- Assist creditors department with payment queries.
- Arrange authorization for cellular handset upgrades and contract extensions.
- Petty cash:
- Balance petrol account
- Monthly preparation for payment of creditors via Business Online.
- Liaise with the above on behalf of the CEO.
- Assist CEO in calculating Provisional Tax.
- Ensure current and original Tax Clearance Certificate for all group companies.
- Ensure all company documents are filed correctly and readily available
- Have a thorough understanding of all documents including agency / shareholders agreements
- Have a thorough understanding of company taxes to ensure that correct but minimised taxes are paid.
- Complete year end / provisional taxes
- Prepare and present financials for monthly/quarterly meetings
- Arrange for forward cover on overseas buy-out items, including implication to overdraft facility/ additional security to be given.
- Ensure VAT paid is correctly claimed.
- Forward payment and associated documentation to bank for settlement of overseas purchases.
- Arrange letters of credit for overseas suppliers as surety for shipping of goods against payment on receipt.
- Liaise with all admin personnel to ensure all relevant transactions pertaining to month processed.
- Printing of Final Accounts to ensure Balance Sheet figure = 0.00.
- Printing of weekly / monthly reports.
- Ensure all data is backed up.
- Run month end in account system.
- Review of month end reports to ensure projected saving has been achieved/ all expenses (budgets) are in line.
- Incorporate Income Statement figures into Percentage comparison to calculate that average monthly expenses are in line.
- Journal costs incorrectly booked to correct GL account/s.
- Update Work in Progress report as per Receiver of Revenue
- Complete and sign off year end financials
- Assist auditors