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Masscash is a food, liquor, personal care and general merchandise wholesaler. We are proud to facilitate the success of our suppliers, our reseller customers, our associates, and the communities we serve. Stocking a tailored range of products across key market channels, and offering efficient, logistical capabilities and personalised management attention,...
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Purpose of the job:
- To assist the Accountant in the preparation of the financial books from income statement to balance sheet.
Job specifications/responsibilities will include the following:
Financial processes
- Reviewing of processes and making changes where necessary to improve efficiency
- Adhere to the Massmart Policies and Procedure
- Ensure the following activities are undertaken to facilitate month end
- Prepare and Analyse the income statement for Head office
- Ensure journals are processed and recorded accurately and on time
- Raise provisions and accruals for month end
- Reporting month end figures to Head office Executives and Directors and resolving any queries they may have
- Confirming all intercompany balances, and investigating any variances
- Preparation of the financial forecast every two weeks
- Preparation of Budgets every quarter; preparing and submitting to Financial Manager for approval and making any necessary changes
Journals
- Process journals accurately in the required timeframe
- Ensure journals are raised according to company policies and procedures
General
- Ensure payment of all intercompany invoices
- Update and maintain work in progress schedule
- Complete the asset disposals schedule
- Complete Walmart IT capex schedule
- Maintain effective communication with external suppliers and customers as well as across all levels of the organization
VAT
- Understand the VAT Act and comply with SARS requirements via constant communication from Massmart VAT Department
- Capture VAT in the correct reporting period to ensure VAT payment is made in time via E-Filing to avoid interest and penalties from SARS
- Clear manual VAT accounts in the correct period to the payment account
- Collect regions workings and ensure that the required signatures are on the relevant VAT recons; before capturing VAT201 on SARS E-Filing
Adhoc
- Assist Line Manager with adhoc duties
- Assist with duties in the absence of any team member in the department
- Ensure the companies policies and procedures are adhered to and met
- Assist the Line manager with Financial related ad hoc duties
- Maintain a proper filing system and ensure that all filing is kept up to date; including E-Filing
Reconciliations
- Prepare all balance sheet recons for Head Office / Regions
- Investigate all long outstanding queries on Balance Sheet recons
Tax Schedules
- Prepare schedules of accounts eg: Consulting, legal, leasehold improvements, interest etc; for submission to Massmart
- Tax Department
- Ensure all information is in line and is in the correct accounts
- Ensure that supporting documentation is readily available
Fixed Assets
Maintain the fixed asset register; ensuring any new purchases are added to register and ensure register ties back to the
- General Ledger
- Calculating and processing depreciation on fixed assets monthly and capturing to General Ledger
Capex (National Office)
- Ensure all invoices are valid, have authorized Capex forms, three quotes and a purchase order; and approval from three authorised signatories
- Capture Capex invoice to Project and Capex register
- Ensure Capex project is maintained- against budget vs. actual payment and the Capex register is reconciled to the general ledger
- Ensure that Capex invoices which are not part of a new project and are authorized before payment have an individual capex form
Sales (Regional)
- Complete sales schedules for monthly reporting
Cash Controls (Regional)
Checking of all recons prepared by cash Controller which is cash control relations
Qualifications:
B Com Finance Degree or studying towards completion
Experience:
- 2 years operational experience preferably in retail FMCG
- SAP experience an advantage
- Knowledge of IFRIS and general accounting practices
- Honesty in the handling of cash and finances
“Employment Equity Policy Requirements may be applicable”
If you do not meet the requirements, your application Will Not be considered!
Please specify previous experience when applying for role.
If you don't hear from us within 14 days please consider your application unsuccessful.
go to method of application »
Purpose of the job:
To assist with the management of Treasury Function; Accounts Receivable Payment management; Assist with Month End Close. Provide clerical and administrative support in the Finance Department.
Job specifications/responsibilities will include the following:
Reconciliation
Stock Recons, Cash related clearing accounts, other balance sheet reconciliations
Finance Admin
- Fixed Assets – Capturing of invoices
- Month end Journals – Rebates in stock, obsolete stock, admin fees, management fees, advertising, portal accruals;
- Reviewing of Income statement – other income, expenses and any additional expense reviews
- Reviewing of Departmental accounts – analyse the accounts and ensure accuracy and correctness Trade Summary Schedules – Inputting of trade summary numbers into excel for journal purposes Assist with income statement queries
- Month end reporting – run the month end reports
Ad hoc schedules
- Send monthly accounts and schedules
- General office duties
- Printing of bank statements daily & forwarding to Debtors
- Capturing all debtor’s payments on GP and balancing of batches
- Banking
- Printing of bank statements daily & forwarding to Debtors
- Daily management of cash controls
Adhoc Administration
Assist Assistant Accountant and Accountants with input and preparation of accounts.
Qualifications:
Matric essential - tertiary qualification an advantage.
Experience:
- 2-3 years related experience in a finance environment with focus on administration.
- Honesty in the handling of cash and finances
- “Employment Equity Policy Requirements may be applicable”
Skills
- Balance Sheet
- Electronic Filing
- Sales
- Employment Equity
- Accounting
- Fixed Asset Register
- Policies & Procedures
- P&L Management
- Finance
- Leasehold
If you do not meet the requirements, your application Will Not be considered!
Please specify previous experience when applying for role.
If you don't hear from us within 14 days please consider your application unsuccessful.
Method of Application
Use the link(s) below to apply on company website.
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