Financial Accountant (Benoni) at RCL Foods

Job Description    
RCL FOODS has an opportunity available for a highly analytical and meticulous Financial Accountant who will be responsible for assisting the Commercial Financial Manager in providing information that is needed for sound economic decision-making to the business unit. This individual will need to prepare management reports that provide information about the business unit’s performance to external and internal clients. The position will report to the Commercial Financial Manager.

Minimum Requirements    

• BComm / BComm Hons Degree preferably Accounting/SAICA/SAIPA or CIMA qualification
• 3 – 5 years relevant experience in a similar role
• Computer literate with an advanced experience in Microsoft Office (Excel, Word and PowerPoint)
• Completed articles will be an advantage
• Minimum of three years’ experience in a manufacturing environment. FMCG will be advantageous
• Syspro system experience will be advantageous
• The successful candidate will have his/her own transport with code 08 drivers’ license

Duties & Responsibilities    

• Maintain general ledger according to Group policies and IFRS
• Posting submodules
• Run balancing function
• Investigate and correct missing integrations
• Prepare general ledger journal entries such as:
• Depreciation
• Payroll
• Diesel closing stock
• Credit cards
• Gas provisions
• Trade discounts
• Cost of sale allocations
• Inventory allocations and corrections
• Ensure that monthly general ledger reconciliations are completed, and reconciling items are resolved timeously, including monthly review and authorization thereof.
• Confirming inter bakery and intercompany balances and transactions.
• Assess and recommend levels of general ledger provisions
• Ensure company financial policies and procedures are complied with.
• Prepare month-end management accounts pack and supporting schedules and ensure month-end deadlines are met
• Assist financial manager with ad hoc tasks including budgets and forecasts
• Implementation of recommendations of Internal Audit Department
• Prepare cash flow forecast
• Preparation and submission of monthly working papers to head office.

Debtors and driver/ Hawker Management     

• Review transactional processing (invoices, credit memos, receipt allocations) and implement controls to ensure completeness, validity, accuracy, and adherence to deadlines.
• Implement and maintain controls to minimize cash and bread losses
• Support Accounts Receivables Department regarding queries on Debtors accounts and resolution thereof.

Banking

• Responsible for cash management function for these operations.
• Implement processes and controls ensuring that company cash policies are adhered to, and daily cash requirements are met.
• Oversee cash forecasting (weekly and daily) as well as spend reporting

Fixed Assets Life Cycle Management

• Liaise with Central Finance team, submitting all documentation required w.r.t. Fixed Assets acquisitions, inter-branch transfers, and disposals or scrapping.
• Ensure the annual physical verification process is conducted within year-end timeframes, and that resulting movement and, e.g. scrapping, disposals are transacted timeously.
• Ensure asset useful lives & residual values are reviewed annually, by central Finance procedures and timelines.

VAT

• Review VAT 201 return before submission to Central Finance team.

Year-End

• Coordinate year-end processes with the finance team and external auditors.

Review:

• Financial year-end provision schedules
• Financial year-end packs, including data contribution to Tax packs

Internal Control

• Implement controls to ensure completeness, validity, accuracy, and adherence to deadlines
• Continuously identify and pursue opportunities to improve control procedures
• Follow up on audit queries and ensure that corrective action is taken by responsible teams.
• Ensure compliance with approved procedures using control checks performed by the finance team

Internal and External Auditors

• Liaise with internal and external auditors
• Manage year-end audit process to ensure deadlines are met
• Through regular review of all processes and policies, ensuring that there are no high-risk audit exceptions that have not been mitigated or corrected

Governance Compliance

• Compliance with IFRS, Income Tax Act, Vat Act, and PPM

Staff Management

• Lead and develop staff within the context of the Labour Relations Act, Employment Equity Act, Basic Conditions of Employment Act, and the Skills Development Act.
• Monitor staff performance and provide regular feedback
• Manage staff activities, ensuring service levels are met and protocols are adhered to
• Coach and support staff where necessary to achieve objectives
• Manage and deliver on succession plans to enable the development of a future generation of leaders and specialists and reduce staff turnover and improve staff retention by providing job role growth
• Conduct regular performance appraisals with subordinates and provide feedback
• Develop and manage high-performance multi-disciplinary teams to solve problems within the operational and commercial areas of the business
• Conduct regular staff information meetings and ensure that business plans and records are kept and shared across the team and that action plans agreed are delivered within timelines

Support of Senior Management

• Report to the senior management team on all financial and management accounts
• Create and maintain reports for all financial transactions that relate to the business unit
• Evaluate the meaning and trends shown in documents
• Interpret the impact of the accounting results on all aspects of the business units’ operations, using graphs and text narratives to complement the reported numbers

Ad hoc / Other

• Assistance and contribution to regional specific finance or operational projects which require financial input.
• Appropriately resolve queries that may arise (e.g. income tax, VAT audits).

Closing Date: 19th, April 2022