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Accountant

Location:
Stellenbosch
Description:

ROLE OVERVIEW The main purpose of the Accountant is to proactively ensure that all relevant Hungry Lion financial information is provided timeously for analytical, audit purposes, monthly financial reporting, and the completion of tax returns for the relevant tax authority within the required deadlines. DUTIES/RESPONSIBILITIES Reconciliations for Payroll: comparing payroll data to general ledger entries and posting corrections where needed. Fixed asset register: creating assets, doing monthly recon between fixed asset register and GL entries, and doing depreciation runs on the system. Bank reconciliations: Salaries and suppliers’ bank accounts, identify where reconciling items exist, inquire about differences, and adjust for differences. Assist with monthly VAT submissions, monthly VAT reasonability checks, provisional and final income tax submissions. Assist with withholding tax submissions, with assistance provided. Intercompany balances: agree the balances, ensure that transfers were done in all the entities and adjust for forex movements where necessary. Prepare timeous accurate and comprehensive monthly cash-flow statements. Identify, analyse and report on primary variances between actual and budget in management report to ascertain monthly value of shorts measured against budget. Make recommendations on cost improvements and loss-making stores to optimise financial growth. Manage and monitor banking procedures to ensure adherence and identify deviations. Provide timely and accurate monthly and weekly analytical financial reporting to Financial and other managers. Prepare analytical reports for the management pack to report on back-testing from store viability studies. Report the recommendations based on the results of the analytical reports to ensure effective and efficient feedback. Prepare viability studies to ensure timeous and effective implementation. Monitor and maintain compliance through: Managing the internal financial control system. Maintaining Hungry Lion’s tax compliance by monitoring the rand value of tax penalties per annum. Monitoring and managing adherence to IFRS for SMEs / GAAP standards. Coordinate the internal control risk management processes for Hungry Lion. Plan, prepare and coordinate external audits to ensure unqualified audit results. Analyse and account for foreign exchange movements based on foreign payments made to suppliers. Assist the financial manager with ad hoc tasks, where needed. REQUIREMENTS CA(SA) with 2-3 years’ post-articles experience desirable. Intermediate to advanced Excel skills. Ability to navigate through a large amount of data, while being able to analyse the data through Excel formulae and functionalities to assess the completeness, accuracy and validity of the data. Previous experience in performing payroll reconciliations is highly advantageous. Previous exposure to foreign exchange transactions, including but not limited to payments and intercompany transactions, would be beneficial. Capability to perform bank reconciliations for various bank accounts, such as suppliers, salaries and wages as well as foreign currency bank accounts. Ability to work under pressure while delivering work of a high quality. Powered by JazzHR
Company:
Hungry Lion Fast Foods
Posted:
May 17 on The Resumator
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