Reporting Analyst KZN - 5 Months FTC at Al Baraka Bank South Africa

MAIN FUNCTIONS OF THE JOB INCLUDE:

Vat

• Calculates the monthly VAT (bi·monthly for Albaraka Properties (Pty) Ltd and Albaraka Financial Services (Pty) Ltd) payable to SARS.
• Prepares the monthly VAT schedule which is reviewed by the Finance Reporting Manager prior to submitting the VAT 201.
• Calculates VAT on the imported services.
• Calculated the Output VAT on Transaction Income.
• Ensures timeous payment of VAT to avoid interest and penalties.
• Records VAT in the general ledger in respect of Input VAT, Output VAT, VAT on Capital Expenditure, VAT on overseas services and VAT payments. 

AIBaraka Bank subsidiaries

• Responsible for the management accounts of Albaraka Properties (Pty) Ltd and Albaraka Financial Services (Pty) Ltd, namely, preparing monthly journals, reconciliations with supporting schedules and documentation.

BA Returns

• Prepares BA returns together with supporting schedules and calculations for reporting to SARB as required (15th, 20th, 25th, 30th  working days), for all monthly, quarterly, half-yearly and annual returns.
• Follows up on schedules that are completed by other departments, and ensure that these schedules are authorised by the respective departmental managers and filed
• Ensures that all returns are completed 3 working days before the due date to enable management review
• Assists the Financial Manager with responding to queries raised by SARB
• Prepares and submits the daily Forex return (BA 325).
• Ensure that the monthly variance analysis and other information as requested is submitted to the Reserve Bank timeously.

Monthly reporting to ABG / Exco / ALCO/ Monthly Management Meetings 

• Prepares the monthly ABG report with supporting schedules for submission to ABG by the 6th   working day of the month
• Prepares the monthly ALCO Pack with supporting schedules for submission to the monthly meeting by the required deadline
• Completes the required schedules and analysis for submission to Exco and Performance Exco by the required deadlines
• Prepares the Head office and Finance department variance analysis for the Finance Executives monthly management meeting, for submission by the 7th working day of the month

 Quarterly reporting to ABG

• Prepares the quarterly ABG schedules together with supporting schedules and calculations for reporting to ABG.
• Ensures that information is completed within the required deadlines to enable management review, review by the external auditors, and onward submission to ABG as per ABG reporting deadlines.
• Complete the quarterly ABG GCEO slides within the required deadlines to enable management review, and onward submission to ABG as per ABG deadlines.

Board Submissions

• Ensures that quarterly board and board committee reports are prepared, reviewed and submitted timeously.

 Financial statements

• Annual Financial Statements preparation and Integrated Annual report compilation and administration.
• Prepares the interim annual report as at 30 June each year

FATCA Reporting

• Ensures that IT3(b), IT3(s) and FATCA Reporting is accurately prepared and submitted to SARS by the due dates, being 31 May and 31 October each year
• Ensures that IT3(t) Reporting is accurately prepared and submitted to SARS by the due dates, being 30 September each year

​​​​​​​BASA/PASA Meetings

• Acts as the bank’s representative on selective BASA/PASA committees

 Other

• Assist Finance staff with queries from other departments or clients.
• Assist internal & external clients timeously & efficiently.
• Assist in training other staff and providing assistance where necessary.
• Identify and implement automation within the reporting function to streamline and enhance processes, thereby reducing manual effort and increasing efficiency.

Requirements

QUALIFICATIONS

• Diploma/degree in finance/accounting or related studies

PREFERRED EXPERIENCE

• A minimum of 2 years of experience is required in a well-established firm or banking all general aspects of banking / reporting.
• Proficient in all areas of finance.