Accountant at TCTA (Trans-Caledon Tunnel Authority)

THE KEY PERFORMANCE AREAS OF THE ROLE IN FOCUS, ARE:

Preparation and reviewing of reconciliations

• Preparation of reconciliations by set deadlines
• Correct any incorrect accounting entries identified and follow up with the entries that needs to be followed up with the relevant Department / Manager
• Ensure that all reconciliations meet the definition of a reconciliation and that all Balance sheet accounts are reconciled monthly.
• Ensure that all new accounts are properly allocated and included in the teams' individual reconciliation registers.

Management of assets process

• Verify that the asset clearing account is cleared to a nil balance monthly and resolve any queries.
• Ensure that the depreciation journals are calculated monthly and recorded in the accounting system.
• Verify that the assets (including right of use assets and intangible assets) have been captured in the annual financial statements in accordance with IFRS.
• Collaborate in the reviewing of the Asset Management policy and procedures when required to ensure that it is aligned with IFRS and best practice.
• Prepare the related notes for the annual financial statements.

Management of the cashbook/bank reconciliation and review all prepared cashbook journals and capturing

• Review cashbook journals prepared by the bookkeeper and sign off as approved.
• Review cashbook related entries and approve for posting to the cashbook.
• Review the bi-weekly bank reconciliations and ensure that outstanding items are followed up and timeously cleared.
• Verify that the bank recon has been prepared and balances at month end by the set deadlines

Integrity of financial information

• Perform analytical reviews on selected general ledger accounts.
• Quarterly review of the trial balances to ensure that all general ledger accounts are reconciled.
• Ensure that the reconciliation process is in place and that the process is working optimally to facilitate the integrity of the financial information
• Analyse the risks within the Financial Accounting team and assist the Financial Accountant with implementing measures to minimize the risks.
• Review relevant system descriptions, update where necessary.

Management of the overall TCTA's accounts receivables

• Liaise with Department of Water and Sanitation on a monthly basis to obtain information required for invoicing.
• Ensure that billing is complete and accurate and revenue invoices are prepared timeously and delivered to Department of Water and Sanitation.
• Prepare the revenue invoices and statements on a monthly basis.
• Assist with Year-end Process and preparation of annual financial statements
• Assist with preparation of quarterly reporting
• Coordinate the audit (internal and external) processes
• People management responsibilities and back-up to other team members as agreed.

MINIMUM REQUIREMENTS

• B Com degree or equivalent in Accounting or related
• Articles plus 3 years post articles relevant experience in accounting with preference to a financial service institution
• At least 2 years people management experience