Financial Accountant at Telesure Investment Holdings (TIH)

JOB PURPOSE

• Prepare, examine and analyse accounting records, financial statements and other financial reports to assess accuracy, completeness and conformance to reporting and procedural standards.

RESPONSIBILITIES

Financial Management and control

• Prepare monthly and annual financial statements for management and auditing purposes. Ensure effective daily cash management of the company. Record asset transactions in respect of additions, disposals and transfers on a daily basis to ensure that transactions are allocated accurately in terms of amounts, VAT, description and account.

Financial Accounting Skills

• Use full understanding of accruals accounting and the impact of entries on profit and loss account, the balance sheet and the cash flow statement. Compile complete, accurate and timely accounting records on a monthly basis. Prepare month end file with reconciliations and documentation to support the trial balance.

Financial Policies, Guidelines, and Protocols

• Assist with the delivery of financial policies, guidelines, and protocols to ensure the company complies with regulations and good financial practice.

Operational Compliance

• Develop knowledge and understanding of the organisation's policies and procedures and of relevant regulatory codes and codes of conduct to ensure own work adheres to those standards. Obtain authorisation from a supervisor or manager for any exceptions from mandatory procedure.

Data Collection & Analysis

• Draw conclusions and assess impact from analysis and interpretation of financial data. Interpret the impact of unusual figures identified by analytical review.

Document Preparation

• Prepare monthly and annual financial statements for management and auditing purposes. Prepare and submit monthly, quarterly and annual statutory returns.

Reporting

• Extract and combine data to generate standard reports.

Customer Management

• Establish and maintain professional relationships with internal and external Auditors and business partners on a daily basis. Provide accurate information and respond and resolve enquiries to a satisfactory outcome.

Data Management

• Generate monthly depreciation journal on the financial system. Record financial transactions on a daily basis into the applicable business systems to ensure the accuracy and completeness of information.

Improvement / Innovation

• Implement improvements and provide feedback on them. Use change management systems and protocols to provide routine supportive services.

Leadership and Direction

• Supervise a team performing routine work.

TASKS

• Prepare, examine, or analyse accounting records and financial statements, to assess accuracy, completeness, and conformance to reporting and procedural standards.
• Review Accounts for discrepancies and reconcile differences.                                                                 
• Prepare adjusting journal entries and establish tables of accounts and assign entries to proper accounts.                                                                                                                                                  
• Daily cash management of the company.                                                                                                         
• Prepare and submit monthly, quarterly and annual statutory returns.                                                    
• Prepare and review month-end file with reconciliations and documentation to support trial balance.

BEHAVIORAL COMPETENCIES

Optimises Work Processes

• Knows the most effective and efficient processes to get things done, with a focus on continuous improvement. For example, pays close attention to a variety of metrics and benchmarks; determines both major and subtle ways to optimize processes. Swiftly resolves process breakdowns; takes steps to ensure that problems do not recur.

Ensures Accountability

• Holds self and others accountable to meet commitments. For example, tracks performance and strives to remain effective, learning from both successes and failures. Readily takes on challenges or difficult tasks and has reputation for delivering on commitments.

Manages Complexity

• Makes sense of complex, high quantity, and sometimes contradictory information to effectively solve problems. For example, looks at complex issues from multiple angles; explores issues to uncover underlying issues and root causes; sees the main consequences and implications of different options.

Action Oriented

• Takes on new opportunities and tough challenges with a sense of urgency, high energy, and enthusiasm. For example, takes timely action on important or difficult issues. Identifies and pursues new opportunities that benefit the organization.

Plans and Aligns

• Plans and prioritizes work to meet commitments aligned with organizational goals. For example, strengthens alignment and coordination between own work and others', providing well-sequenced activities and exact time frames. Foresees and resolves many potential bottlenecks and delays.

Drives Results

• Consistently achieves results, even under tough circumstances. For example, holds self to high standards of performance; sets some challenging goals; wants to achieve meaningful results; pursues initiatives/efforts to successful completion and closure. Focuses on key goals, even during setbacks and obstacles.

Instills Trust

• Gains the confidence and trust of others through honesty, integrity, and authenticity. For example, is consistently honest and straightforward; shares uncomfortable information in a clear and helpful manner. Maintains high ethical standards and professional codes of conduct.

Being Resilient

• Rebounds from setbacks and adversity when facing difficult situations. For example, has excellent composure and professionalism, even in very difficult situations; acts as a steadying force or role model for others. Skillfully overcomes obstacles, learns from failures, and uses these lessons to improve subsequent efforts.

Manages Conflict

• Handles conflict situations effectively, with a minimum of noise. For example, seeks out a variety of opinions and options; maintains an open mind; takes steps to ensure conflict remains constructive; avoids polarized or unilateral decisions; seeks agreement on critical issues.

Decision Quality

• Makes good and timely decisions that keep the organization moving forward. For example, knows when to act independently and when to escalate issues. Integrates various inputs, decision criteria, and trade-offs to make effective decisions. Typically makes good independent decisions.

Cultivates Innovation

• Creates new and better ways for the organization to be successful. For example, constantly looks for new ideas and innovative ways of doing things; makes the effort to get involved in new areas. Offers original ideas and promising new solutions.

SKILLS

Financial Accounting

• Classify, measure and record corporate transactions by use of financial accounting principles. Good understanding of General accounting principles, Good understanding of VAT., Knowledge of insurance industry

Policy and Regulation

• Interpret and apply knowledge of laws, regulations and policies in area of expertise. Knowledge of IFRS (International Financial Reporting Standards), Governance Companies Act, TAX and VAT Act, Knowledge of FSB regulations, Solvency requirement liquidity

Numerical Skills

• Use understanding of numerical concepts to perform mathematical operations such as report analysis. Ability to perform mathematical calculations accurately, including percentages, fractions, decimals, and simple mathematical formulae. Analytical thinking about financial processes. Apply concepts of knowledge / skill. Able to analyse and interpret complex financial data.

Computer skills

• Support business processes and understand and effectively use standard office equipment and standard software packages. Advanced excel skills, Advanced office suite, SAGE X3

Planning and Organising

• Plan, organise, prioritise and oversee activities to efficiently meet business objectives. Attention to detail, Organisational Skills, Time management, Monitor Supplier email inbox and attend timeously

Data Management

• Acquire, organise, protect and process data to fulfill business objectives. Analytical skills, Organisational skills, Attention to detail

Verbal and Written Communication

• Use clear and effective verbal and written communications skills to express ideas, request actions and formulate plans or policies. Attention to detail

Requirements
EDUCATION

General Education

• B.com degree (Financial accounting) or equivalent CA(SA) undergraduate qualification at a SAICA accredited university.
• Completed Honours degree (CA) essential.

EXPERIENCE

General Experience

• Completed articles experience essential
• 3 years post articles work experience in the Financial services industry (desirable ) (Over 3 years to 6 years)

Managerial Experience

• Experience of general supervision of more junior colleagues (7 to 12 months)