Senior Accountant - AFS and Reporting (Re-advert) at Capricorn District Municipality

Requirements:

• B. Com Accounting Degree / BTech Accounting, Completed articles (SAICA Traineeship), Computer Literacy, 4 years’ experience in preparation of financial statements, accounting and reporting, VAT and CaseWare.

KNOWLEDGE, SKILLS AND PERSONAL ATTRIBUTES:

• Knowledge of Municipal Financial Management Act (MFMA), Strong knowledge of GRAP Standards, mSCOA. Be analytical, have good interpersonal, planning and organising skills, pay attention to detail.

RESPONSIBILITIES:

• Preparation of monthly, quarterly and annual GRAP-compliant financial statements; Preparation of disclosure notes that reconcile with the financial statements; Prepare and review working papers and supporting schedules; Perform analytical reviews; Manage month end closures of financial records; Reviewing and reconciling mSCOA general ledger (GL) accounts to ensure accuracy of posting. Resolve discrepancies or variances between actuals and forecasts; Execute accounting journal entries (e.g. depreciation, impairment, accruals, prepayments, and amortizations); Review and posting of daily financial transactions processed; Prepare monthly and quarterly financial reports for various stakeholders and required analysis; Compile and update the audit file on a monthly basis; Coordinate with internal and external auditors by compiling working papers, trial balances, and supporting financial notes; Supervise juniors and manage their performance; Liaise with other departments to gather or collate financial data and documentation necessary for preparation of financial statements; Maintain up-to-date knowledge of accounting standards and legislative changes; Handle audit findings/queries raised by both the internal and external auditors; Monthly implement the audit action plan; Ensure all accounting policies and financial records adhere to regulatory frameworks and standards (e.g., IFRS, GAAP); provide guidance to personnel on the interpretation of procedures, application and communication sequences associated with the financial management cycle.
• Taking ownership of the overall accuracy, quality and compliance of own work; Stays abreast of accounting standards and audit requirements for the post; Complying with the provisions of the MFMA, Council policies, treasury regulations and accounting standards; Monitoring appropriate controls by verifying, validating and where required submitting financial records and transactions processed; Review monthly VAT reconciliation schedule and VAT control account reconciliation. Review VAT 201 returns monthly and ensure submission to SARS within the required time frame; Oversee that input and output VAT declarations are in accordance with applicable VAT legislation. Provide guidance to personnel on the application of the VAT Act and VAT guidelines; Reconcile the monthly VAT accounts; Handling all SARS-related issues; Prepare monthly reports and ensure submission to stakeholders on time; Reviewing quarterly reports and ensure submission to stakeholders on time; Prepare mid-year reports and ensure submission to stakeholders on time; Prepare annual returns and ensure submission to stakeholders on time; Attending to related queries, enquiries and correspondence.

SALARY SCALE: R 710 352.61 – R784 163.59 (Excluding benefits)