General Ledger Accountant at Deloitte

What you will do:

• Will be responsible for maintaining the general ledger structure, records financial transactions into the company's general ledger and subsidiary ledgers and pulls reports. Responsible for smaller service lines / P&Ls with less complex transactions. Provides support to Service Line Finance Managers in pulling GL reports for the purpose of budgeting and forecasting.
• Supports the Senior Accountants (Service Lines) and the Assistant Manager (Service Lines) in general accounting activities.

Key Performance Area
Input (method used)
Strategic Impact

• Under minimal guidance, supports the team in the delivery of services to clients in line with the defined strategic objectives
• Supports management in the implementation of change initiatives as directed

Client Impact: External / Internal

• Works collaboratively with own team and that of the client service line/area to deliver quality service in allocated tasks
• Proactively consults with senior/s on issues arising that may impact the broader deliverables of the team to clients

Operational Effectiveness

• Raises areas of concern related to own/team delivery of service for discussion and resolution
• With minimal supervision, completes designated tasks for review by line, ensuring deadlines are met

Development/Growth of Team

• Cultivates ability to give effective development feedback both upwards and to peers
• Actively works to address identified development areas
• Assists junior staff with day-to-day issues

Budgets / Profitability

• Effective use of time, equipment and resources

Differentiators for this specific role
Enablement Accountants will be responsible for the end-to-end management of the Country/ Enablement Function general ledger including, but not limited to
Budgeting, Forecasting and Target setting:

• Budgets and forecasts for the central functions
• Assists in calculating recovery of enablement functions costs per service line
• Assists in performing direct and indirect cost allocations
• Assists in setting targets for the central functions relating to cost efficiency

Financial Reporting:

• Assist in preparation of monthly results reporting pack and commentary (for enablement functions)
• Assist with reporting of performance against KPIs and North Stars
• Checks detailed general ledger and reallocates expenses to correct enablement departments (i.e. staff expense claims)
• Determines provisions and accruals for assigned enablement functions
• Consolidates results for assigned enablement function
• Assists with preparation of bi-annual forecast
• Assist with reconciliation of balance sheets for assigned enablement function
• Submits year-end reconciliations for assigned enablement function
• Prepares file for CFO’s perusal and report on review notes

Processing of Journals:

• Posts to and updates the General Ledger (GL)
• Processes journals at month end and at request of the CFO
• Processes all journals for central functions (for example bonus provisions, leave pay provision, budget smoothing general journals, accruals, reallocation accounts and cost center journals, canteen charges, rent, print room, standard, adjusting, audit, and closing journal entries etc.)
• Assists in resolving any discrepancies
• Raises provisions for debtors where required
• Adjusts and releases provisions accordingly
• Assesses impact of proposed general ledger change
• Reconciles sub ledger entries

FNB Credit Cards and Staff Debtors (Enablement Functions):

• Prepares and uploads journals
• Converts credit card allocation sheets to journals
• Conducts staff debtors allocations and deductions

Fixed Asset Accounting Enablement Functions):

• Reviews procurement invoices
• Compiles a Fixed Asset Register (FAR)
• Reviews any updates made to the FAR with the asset details and asset classes
• Reviews any discrepancies resolved between the FAR and the GL
• Pulls FAR reports from SAP
• Identifies assets to be written off and writes off assets accordingly
• Recognises proceeds from the sale of assets
• Impairs assets when applicable
• Accounts for depreciation and capitalisation of fixed assets
• Verifies GIS FAR

General:

• Reviews and follows up on debtors
• Performs period and year-end close activities
• Performs closing adjustments and process allocations
• Assists Senior Accountant/ Business Partner with queries in respect of financial issues related to their departments
• Assists Senior Accountant/ Business Partner with other tasks as required
• Performs first-level cost analysis and provides feedback to the Country/ Regional/ Enablement Business Partner/s on the results

Governance:

• Communicates and updates the General Accounting Specialist on Country/ Regional General Accounting movements
• Attends Africa-wide: General Accounting team meetings and training
• Complies with standardised processes and controls

Technical competencies
Technical

• Sound technical knowledge in specific functional area
• Effective client interaction, analysis and project management skills
• Experience in drafting of presentations and reports for review
• Proficient in MS Office suite
• Basic financial knowledge and understanding

Behavioural

• Good communication skills, both written and verbal
• Interpersonal and relationship building skills
• Desire to develop self
• Client delivery focus
• Adaptable
• Focus on quality and awareness of risk
• Problem solving ability
• Displays business acumen

Talent Standards : Support Staff Capabilities
Capability

Description

• Living our Purpose:Identifies and embraces our purpose and values and puts these into practice in their professional life
• Influence:Builds relationships and communicates effectively in order to positively influence peers and other stakeholders
• Performance drive:Seeks opportunities to challenge self; teams with others across businesses and borders to deliver and takes accountability for own and team results
• Strategic direction:Understands objectives for clients and Deloitte, aligns own work to objectives and sets personal priorities
• Talent development:Develops self by actively seeking opportunities for growth, shares knowledge and experiences with others, and acts as a strong brand ambassador

Qualifications/Experience

• Minimum Qualifications:Degree (Finance / Accounting)
• Desired Qualifications:Postgraduate qualification in Finance / Accounting
• Minimum Experience:4 years in finance
• Desired Experience:5 years in finance