Financial Accountant - WCLA 08/2026 at Western Cape Liquor Authority

Job description

Financial Reporting:

• Assist to compile the audit file for interim and annual financial statements.
• Prepare and provide support with ad-hoc financial reports and analyses for various projects undertaken by the Authority.
• Prepare monthly and year end journals.
• Ensure Cashbooks are captured daily.
• Prepare monthly reconciliations for expenditure and investment accounts.
• Prepare account balance reconciliations and promptly clear the reconciling items.
• Assist with the preparation of the quarterly and annual financial statements and any other related reports.
• Draft policies and standard operating procedures for review.
• Maintain general ledger.
• Assist with AG's and internal audit queries.

Revenue Management:

• Perform reversals and overwrites on the system.
• Ensure weekly reconciliation of bank and revenue account.
• Raise fees and penalties as per the regulation.
• Upload payments as and when required.
• Monthly pay over of revenue collected to parent Department.
• Manage suspense accounts.

Payment processing:

• Ensure that all payments are loaded onto the banking system when required.
• Pre-authorisation of all payments and ensure approval of supplier payments as per standard operating procedures before payments are released.
• Ensure that all payments are processed within 30 days of receipt of an invoice.
• Ensure compliance with all policies and SOP’s before payments are made for petty cash and other claims.

Effective resource management (human, financial and physical) within the Unit:

• Establish and maintain appropriate systems (analytical tools, information systems, projections of cost behaviour) and policies to ensure effective and efficient management of resources.
• Perform accurate forecasting, budgeting, and allocation of resources within the unit.
• Assist in managing external contractors and suppliers within the unit.
• Ensure effective identification and management of business risks, resources, and continuous improvement.
• Assist in managing capacity within the unit to ensure sustained service delivery.

Effective people management within the Unit:

• Ensure people’s development within the unit in line with organisation-wide skills development strategy.
• Assist the Manager Finance in ensuring talent management strategies (attraction, retention, development) are implemented within the unit.
• Implement performance management within the unit in line with Human Resources Policies and Guidelines.
• Manage grievances, discipline, and terminations within the division in line with Human Resources policies and guidelines.
• Lead and direct staff within the unit to be able to meet the objectives set for them.
• Build and foster a culture of good governance, customer service, honesty and integrity and world class delivery in the division.

Knowledge

• Strong working knowledge of relevant Public Sector legislation, e.g. PFMA, National and Provincial Treasury Regulations.
• Strong understanding of financial reporting standards, especially Generally Recognised Accounting Practice (GRAP)
• Strong understanding of and a strong commitment to good corporate governance.
• Working knowledge of relevant industry legislation and regulations.

Skills

• Analytical and problem-solving skills.
• Computer literate with advanced Microsoft Excel skills.
• Technical and professional knowledge and skills.
• The ability to concentrate on specific tasks for extended periods and finalize those timeously.
• The ability to work long hours and meet deadlines.
• Analytical skills - accumulates data; summarizes information into pertinent, understandable, and presentable form; discerning valid from invalid comparisons of data; and seeking explanation for variations in data.

Minimum Education and Experience Required:

• Relevant NQF 7 qualification - Bachelor's degree (BCom) or (Btech)
• Degree in Finance with Accounting as a major
• At least 3 years relevant working experience in financial management

Advantageous

• Relevant NQF 8 qualification – Post graduate degree (BCom/Bcompt Honours)
• Experience in GRAP 
• Working knowledge and experience in PASTEL and CASEWARE 
• Public sector working experience
• Accounting articles experience