Our client in the automotive (component manufacturing) industry and based in Port Elizabeth is looking to employ a young and dynamic Financial Accountant. Awesome career opportunity awaits!

Minimum Requirements:

  • Minimum 3-5 years commercial experience
  • Relevant degree/ Certified Accountant

 

Responsibilities:

MANAGING DEBTORS STAFF:

  • Ensure correct filling of invoices together with supporting documentation.
  • Check reconciled accounts and issued statements.
  • Ensure clients being contacted and arrange for payments.
  • Allocating payment projections into cash flow.
  • Completion and updating of account application forms, including all relevant statutory supporting documentation for prospective and current clients.

FINANCIAL PROJECT MANAGEMENT:

  • Verify purchase requisitions against budget.
  • Authorize placement of stock orders
  • Plan capital layout versus income for project cash flow purposes.

 

CASHFLOW:

  • Prepare and monitor cash flow, including for:
  • Overheads
  • Debtors
  • Creditors
  • Special payment arrangements
  • Ensure projected budgets are not exceeded and that set targets are met.
  • Liaise with management re projections.
  • Ensuring available credit limits are not exceeded.
  • Plan the most suitable cash flow option in regard to interest paid and other charges.
  • Establish financial implications and cost-effective feasibility for forex payments

 

CASHBOOKS:

  • Main bank account:
  • Posting of all payments / receipts.
  • Ensure all transactions are booked to correct GL accounts.
  • Full bank reconciliation at month end.
  • Ensure legitimacy off all documentation processed (official tax invoices as per SARS requirements).
  • Pass journals to claim VAT on charges from Bank invoices received.
  • Issue of all funds and ensure proper documentation received to process transactions.
  • Full reconciliation at month end – ensure calculated bank balance equals petty cash funds remaining.

 

PAYMENTS AND CREDITORS STAFF:

  • Arrange special payment arrangement with creditors (when required).
  • Negotiate payment with once-off creditors (deposits, progress, COD).
  • Liaise with CGIC recover for creditors to ensure trading limits are adequate for requirements and cover does not exceed requirement resulting in inflated exposure.
  • Overview of Credit Applications from Creditors (Terms and Conditions) to meet current legislation.
  • Assist in reconciliation of “problem” accounts.
  • Daily payment of invoices as required, e.g. Telkom, Electricity etc.
  • Assist creditors department with payment queries.
  • Arrange authorization for cellular handset upgrades and contract extensions.
  • Petty cash:
  • Balance petrol account
  • Monthly preparation for payment of creditors via Business Online.

 

BANK AND RECEIVER OF REVENUE

  • Liaise with the above on behalf of the CEO.
  • Assist CEO in calculating Provisional Tax.
  • Ensure current and original Tax Clearance Certificate for all group companies.

 
 

COMPANY DOCUMENTS:

  • Ensure all company documents are filed correctly and readily available
  • Have a thorough understanding of all documents including agency / shareholders agreements

 

TAXATION:

  • Have a thorough understanding of company taxes to ensure that correct but minimised taxes are paid.
  • Complete year end / provisional taxes

 

MANAGEMENT AND BOARD MEETINGS:

  • Prepare and present financials for monthly/quarterly meetings

 

FOREIGN EXCHANGE CONTRACTS / CLEARANCE OF GOODS / PAYMENT OF FEC CONTRACTS:

  • Arrange for forward cover on overseas buy-out items, including implication to overdraft facility/ additional security to be given.
  • Ensure VAT paid is correctly claimed.
  • Forward payment and associated documentation to bank for settlement of overseas purchases.
  • Arrange letters of credit for overseas suppliers as surety for shipping of goods against payment on receipt.

 

MONTH END:

At Month End:

  • Liaise with all admin personnel to ensure all relevant transactions pertaining to month processed.
  • Printing of Final Accounts to ensure Balance Sheet figure = 0.00.
  • Printing of weekly / monthly reports.
  • Ensure all data is backed up.
  • Run month end in account system.

After Month End:

  • Review of month end reports to ensure projected saving has been achieved/ all expenses (budgets) are in line.
  • Incorporate Income Statement figures into Percentage comparison to calculate that average monthly expenses are in line.
  • Journal costs incorrectly booked to correct GL account/s.
  • Update Work in Progress report as per Receiver of Revenue

YEAR END:

  • Complete and sign off year end financials
  • Assist auditors

 

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