Senior Accountant CA (SA) at AVI Limited

With the humble beginnings of a single store in Johannesburg CBD opened by Anthony and David Spitz in 1968, SPITZ has grown from strength to strength to become synonymous with the excellence of the exclusive international brands it offers in-store. 

An exciting opportunity exists for a SENIOR ACCOUNTANT at SPITZ in Bryanston, Johannesburg.  The purpose of the role is to ensure accuracy and completeness of the Trial Balance and accurate and timeous financial reporting (Internal & External).

Line Manager: Financial Manager 

Job Specification:

Key Performance Areas:

Prepare and process all month-end journals and ensure GL closes in specified time

• Reconcile Balance Sheet accounts.
• Ensuring that expenses are allocated correctly, and are reallocated where necessary.
• Ensuring balances on Balance Sheet recons are accurately and timeously recorded, keeping in line with principles of IFRS
• Differences/reconciling items are followed up, investigated and cleared, leaving minimal outstanding items
• Prepare the income tax calculation (provisional, bi-annual and annual) per AVI template and in accordance with Tax Act

Prepare the monthly Goods-in-transit, Mark-to-Market revaluation of FEC’s (Forward Exchange Contracts) calculations and cash flow hedge accounting

• The Mark-to-Market revaluation of FEC’s should be performed monthly in accordance with the information received from AVI head office (TMS report)
• Hedge accounting - Cash flow hedges used when hedging the variability of cash flows (assessment performed on a monthly basis foreign cash flows of a recognised liability/forecasted transaction attributable to a particular risk 

Prepare accurate and timeous financial reporting to AVI (Day 4 Early Estimate, Day 8 Monthly pack, interim and year-end additional reporting, AFS)

• Ensure all reporting to AVI is accurate and complete and submitted timeously per the AVI calendar 

Prepare and submit statutory obligations and External reports: Vat Return (Monthly), Stats SA (Monthly/Quarterly), Tax Annual Return

• Ensure the VAT and Annual Income returns are submitted accurately and timeously within the rules as defined by SARS
• Avoid interest and penalties
• Ensure we deliver as required by StatsSA Turnover reporting as defined by the required format set out by StatsSA
• Ensured we comply with legislated requirements from government departments

Assistance to FP&A Manager with head office and store budgets (annually) and forecasts (quarterly)

• Prepare and collate the cost centre templates for head office and the stores during budget and profit forecasts
• Discussion with budget holders to ensure information is accurate and complete 

Confirm validity and accuracy of local and foreign payments and release thereof

• Review the accuracy and validity of payments before release. Ensure released before Bank cut-off times 

Minimum Requirements:

Experience:                                                                   

• Newly qualified
• Articles completed at one of the Big 4 Audit firms highly advantageous
• 1-year post article experience will be beneficial
• Previous Retail experience advantageous 

Qualifications:

• Qualified CA (SA) 

Additional Requirements:

• Accounting Standards (IFRS)
• SAP
• Knowledge of financial processes and systems of internal control
• Microsoft Excel 

Competencies:

• Thinking Analytically
• Documenting Facts
• Interpreting Data
• Meeting Deadlines
• Attention to Detail
• Minimising Risk
• Planning and Organising
• Keeping Commitments