Payroll Accounting Manager at Truworths

Job Description    

• We are seeking an experienced Payroll Accounting Manager to oversee the payroll accounting end-to-end function in the Employee Benefits Department with financial accuracy.
• This is an exciting opportunity for someone with a strong understanding of payroll and the required accounting principles and practices, who demonstrates excellent analytical skills, is deadline driven and has the ability to work in a fast-paced environment.

Key Responsibilities    

• Manage the payroll processes, including managing the general ledger for RSA, African countries and the UK, verifying payroll data input and output, and ensuring accurate and timely payment of employees
• Ensure compliance with legislation related to payroll, including employees tax, benefits, payroll earnings and deductions
• Maintain accurate payroll records and prepare reports for management and statutory bodies
• Reconcile payroll accounts and resolve any discrepancies in a timely manner
• Collaborate with the Employee Benefits Department to ensure accurate employee data and maintain employee payroll records
• Provide support for audits related to payroll and benefits
• Develop and implement processes and procedures to improve payroll efficiency and accuracy
• Oversee the financial impact of share incentive schemes
• Assist with other accounting and finance functions as needed.

Qualifications and Experience    

• Bachelor's degree in Accounting, Finance or a related field

Minimum of 5 years’ relevant experience, including:

• At least 3 years in accounting, with a focus on payroll and accounts payable
• 2 years’ experience leading a team
• In-depth knowledge of payroll systems, accounting principles and payroll regulations
• Strong understanding of payroll, payroll accounting principles and practices, as well as an in-depth knowledge of South African payroll and tax laws
• Working knowledge of the Employee Tax Incentive (ETI) would be advantageous
• Reconciliation and bi-annual submission of employees tax and annual tax certificates
• Proficient in payroll software and systems, such as Oracle
• Knowledge of legislation as it pertains to Payroll
• Proficient in payroll software and Microsoft Office (Excel expertise is a must)
• Experience preparing detailed reports
• Supervise, mentor and develop a team in order to ensure high performance
• Ensure the reconciling of all share incentive scheme activity (e.g. share gains, dividends etc.)
• Overseeing the budget and forecasting various countries (RSA and African countries) for the department

Competencies    

• Excellent analytical and problem-solving skills
• Strong attention to detail with excellent organizational and time management skills
• Ability to work accurately in a deadline driven and fast-paced environment
• Excellent communication and interpersonal skills, with the ability to handle confidential information with discretion
• Ability to work independently and as part of a team
• Ability to use initiative and be pro-active
• Self-motivated, organized and systematic
• Highly adaptable, dependable, receptive and resilient