Assistant Accountant at Masscash Holdings (Pty) Ltd

Purpose of the job:

• To assist the Accountant in the preparation of the financial books from income statement to balance sheet.

Job specifications/responsibilities will include the following:

Financial processes

•  Reviewing of processes and making changes where necessary to improve efficiency
•  Adhere to the Massmart Policies and Procedure
• Ensure the following activities are undertaken to facilitate month end
• Prepare and Analyse the income statement for Head office
• Ensure journals are processed and recorded accurately and on time
• Raise provisions and accruals for month end
• Reporting month end figures to Head office Executives and Directors and resolving any queries they may have
• Confirming all intercompany balances, and investigating any variances
• Preparation of the financial forecast every two weeks
•  Preparation of Budgets every quarter; preparing and submitting to Financial Manager for approval and making any necessary changes

Journals

•  Process journals accurately in the required timeframe
• Ensure journals are raised according to company policies and procedures

General

•  Ensure payment of all intercompany invoices
• Update and maintain work in progress schedule
• Complete the asset disposals schedule
• Complete Walmart IT capex schedule
• Maintain effective communication with external suppliers and customers as well as across all levels of the organization

VAT

• Understand the VAT Act and comply with SARS requirements via constant communication from Massmart VAT Department
• Capture VAT in the correct reporting period to ensure VAT payment is made in time via E-Filing to avoid interest and penalties from SARS
• Clear manual VAT accounts in the correct period to the payment account
• Collect regions workings and ensure that the required signatures are on the relevant VAT recons; before capturing VAT201 on SARS E-Filing

Adhoc

• Assist Line Manager with adhoc duties
• Assist with duties in the absence of any team member in the department
• Ensure the companies policies and procedures are adhered to and met
• Assist the Line manager with Financial related ad hoc duties
• Maintain a proper filing system and ensure that all filing is kept up to date; including E-Filing

Reconciliations

• Prepare all balance sheet recons for Head Office / Regions
• Investigate all long outstanding queries on Balance Sheet recons

Tax Schedules

• Prepare schedules of accounts eg: Consulting, legal, leasehold improvements, interest etc; for submission to Massmart
• Tax Department
•  Ensure all information is in line and is in the correct accounts
•  Ensure that supporting documentation is readily available

Fixed Assets

Maintain the fixed asset register; ensuring any new purchases are added to register and ensure register ties back to the

•  General Ledger
• Calculating and processing depreciation on fixed assets monthly and capturing to General Ledger

Capex (National Office)

• Ensure all invoices are valid, have authorized Capex forms, three quotes and a purchase order; and approval from three authorised signatories
• Capture Capex invoice to Project and Capex register
• Ensure Capex project is maintained- against budget vs. actual payment and the Capex register is reconciled to the general ledger
•  Ensure that Capex invoices which are not part of a new project and are authorized before payment have an individual capex form

Sales (Regional)

• Complete sales schedules for monthly reporting

Cash Controls (Regional)

         Checking of all recons prepared by cash Controller which is cash control relations

 Qualifications:

         B Com Finance Degree or studying towards completion

Experience:

• 2 years operational experience preferably in retail FMCG
•  SAP experience an advantage
•  Knowledge of IFRIS and general accounting practices
•  Honesty in the handling of cash and finances

“Employment Equity Policy Requirements may be applicable”
If you do not meet the requirements, your application Will Not be considered!

Please specify previous experience when applying for role.
If you don't hear from us within 14 days please consider your application unsuccessful.