Financial Accountant at iKhokha

Job Description

Are you a skilled and driven finance professional looking to make a significant impact in a dynamic and thriving environment? Look no further! We're seeking a highly motivated Management Accountant to join our exceptional team and play a pivotal role in our company's financial success.

Purpose of the Role:

• Gathering financial data to ensure that all financial transactions are valid, accurate and complete on a monthly basis.
• Ensuring compliance with IFRS and SARS, CIPC and other relevant legislation/regulations.
• Accurate financial processing in preparation of monthly Trial Balance.

The Deal Breakers (minimum requirements):

• 3-5 years’ experience as a management accountant / similar role in an operational finance team
• Completed articles Proven work experience as a Financial Management Accountant or similar role
• Solid knowledge of accounting regulation standards
• Solid knowledge of the South African tax legal framework (i.e., income tax, VAT, PAYE, etc.)
• Solid knowledge of other relevant South African legislation and regulations (i.e., Companies Act, B-BBEE, CIPC, etc.)Practical experience in processing SARS submissions, CIPC returns and other submissions to relevant regulatory bodies
• Prior experience with MS Dynamics Business Central would be an advantage, but is not required

What does the role entail? (Areas of responsibilities):

Fixed Asset Register:

• Process all additions on a monthly basis.
• Process disposals on a monthly basis.
• Run depreciation and amortisation for month end.
• Ensure fixed asset register reconciles to GL.
• Ensure tax register is updated monthly.
• 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 efiling and submitted before submission deadline.
• Ensure SARS receives payment before deadline.
• Prepare necessary documents requested by SARS for Audit

Payments:

• In consultation and with support from Creditors Team Lead:
• Load supplier payments
• Load merchant fraud refunds
• Provide proof of payments as required
• Review of banking details for payments
• Ensure that there is sufficient cash available for payments
• Ensure merchant deposits are allocated to the correct wallet IDs

Reconciliation:

• Prepare all balance sheet reconciliations.
• Ensure reconciling items are resolved timeously

Journal Entries:

• 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

Qualifications

• BCom Accounting Degree/Post Graduate Diploma
• CA(SA), CIMA, SAIPA or equivalent

Additional Information

Perks of joining the Tribe?

• You get to work in a high growth company. Sink your teeth into meaningful work with tangible results you are accountable for.
• Hybrid & in office work models.
• Remuneration & Benefits. We offer Company contributions to Medical Aid and a Group Risk Scheme.
• Visionary Leadership.
• Study leave.
• Access to on demand learning and development.
• A friendly, collaborative culture and a team of all-round-lekker humans (it’s true, we surveyed our Employees and they told us so).
• If you find yourself at HQ, coffee on tap and a selection of hot beverages provided by our onsite Barista.