Financial Accountant – Cape Town needed at Yoco

About the role

• The Financial Accountant will manage all accounting aspects related to revenue recognition, inventory, and margin activities. The role is crucial for creating accurate and timely financial information and ensuring strict adherence to accounting principles, procedures, and legislation. The Financial Accountant will work closely with the Accounting Operations Manager and Revenue Assurance Manager to support the accuracy and completeness of the company’s financial records.

What you will be doing

• Ensure accurate and timely processing of transactions for Revenue and Margin for all product streams.
• In collaboration with the Legal and Revenue Assurance team, review contract terms impacting revenue recognition.
• Ensure the accuracy of inventory balances in accordance with IAS 2 (Inventories).
• Monitor inventory valuation methods (weighted average, etc.) and provide insights for cost control.
• Lead month-end and year-end inventory reconciliations and ensure the proper recording of adjustments.
• Partner with the Supply Chain and Operations teams to optimise inventory management processes.
• Perform financial analysis of revenue streams and inventory movements, identifying trends, discrepancies, and areas for improvement.
• Apply relevant principles to accurately record, adjust, and reconcile financial transactions while maintaining an appropriate audit trail and supporting documentation according to professional financial accounting and reporting standards.
• Maintaining accurate and timely reconciliations and schedules to support reported Balance Sheet and Income Statement balances.
• Ensure strict adherence to established accounting policies, principles, and procedures and recommend improvements where necessary.
• Monitor and analyse accounting data, ensuring the accuracy and integrity of the organisation’s financial records.
• Support the day-to-day financial accounting processes and provide guidance to the Assistant Accountant in accurately recording transactions.
• Ensure integrity and accuracy of the ERP System (Oracle NetSuite), statements, and reports.
• Ensure all month-end and year-end accounting processes are executed timeously and accurately.
• Liaise with external auditors ensuring that supporting documentation is provided in a timeous manner and according to professional financial accounting and reporting standards.
• Preparing reports, calculations, and supporting schedules in support of annual financial statement balances and notes.
• Provide support in respect of any ad-hoc activities, requests or finance transformation projects as required by the business.
• Respond to and solve queries from departments within the company regarding financial activity.

About you

• Proven experience as a Financial Accountant or a similar role in a Finance team
• A Bachelor’s degree in Accounting or Finance
• Relevant professional accounting qualification
• Strong understanding of IFRS 15 (Revenue from Contracts with Customers) and IAS 2 (Inventories)
• In-depth knowledge of bookkeeping and accounting principles, practices, standards, laws, and regulations
• Understanding of taxation and VAT
• Ability to adjust, evolve, and thrive in response to the rapidly changing fintech landscape
• Advanced Excel, Google Suite, and ERP (Oracle, SAP or NetSuite) skills, with a solid ability to adapt to new technologies and systems
• Attention to detail and timely delivery of reliable financial management information for decision-making
• Ability to articulate and demonstrate process and system design during finance transformation projects