Financial Accountant needed at Biovac

QUALIFICATIONS NEEDED:

• Bachelor’s degree or diploma in Financial Accounting or equivalent.
• CA(SA)
• Recognition is given to Prior Learning and practical experience

NECESSARY EXPERIENCE & INDUSTRY KNOWLEDGE:

• Completed Articles
• 3+ years’ experience in a financial accounting role
• Experience in a manufacturing concern or a company with a high level of fixed assets and project activity.
• Working knowledge of SARS (VAT & Income Tax) related legislation.
• Experience in having faced successfully external audits.
• SAP Experience
• Reporting skills in excel and powerpoint.

KEY DUTIES & RESPONSIBILITIES OF THE ROLE:

Financial Accounting Function

• Lead monthly financial reporting processes, including preparation of shareholder, board, and stakeholder reports with variance analysis
• Oversee month-end close activities: review accruals, tax and deferred tax entries, intercompany transactions, revenue invoicing and other journals for accuracy and completeness. Approve journal entries in SAP, ensure that journals contain adequate supporting documentation.
• Work with Risk and Compliance to ensure that adequate insurance is in place for Inventory and Fixed Assets.
• Liaise with technical accounting and Tax consultants to ensure that treatment of intangibles relating to project activity.
• Prepare monthly cash flow statements, including 3-month forecasts. Liaise closely with the Financial
• Planning and Analysis team to prepare a rolling 12-month cash flow forecast
• Ensure accurate completion and timely filing of statutory tax returns and other compliance reporting
• Review and update Financial Accounting policies, drive implementation and adoption of policy updates across the business. Ensure that accounting standards are applied correctly liaise with technical consultants to develop memos and working papers where required.
• Oversee internal control within the department test policies and work instructions to ensure that the are relevant and appropriate.

Audit and Annual Financial Statements

• Lead the teams audit response track the audit requests, drive deliverables and ensure that queries are resolved timeously. Co-ordinate the team and ensure that all team members and sections are audit ready.
• Maintain the client assistance list ensure that all reconciliations and supporting schedules are complete before the annual audit starts.
• Review accounting policies and ensure that policies are applied as specified. Update policies where required.
• Main liaison with audit manager ensure that all teams are aligned with audit expectations.
• Prepare the Financial Statement workings for Biovac group and company
• Coach graduates and other team members on the preparation of the subsidiary Financial Statement workings..

Treasury Management, Funding and Tax

• Ensure that tax returns are filed for Biovac and its subsidiaries liaise with tax consultants to ensure that special allowances are claimed and that adequate supporting documentation is in place.

Attend to SARS queries as required.

• Actively manage cash flow via cash flow forecasting. Monitor and report on cash usage and balances for Biovacs base business, funded projects, and unfunded projects. Investigate solutions to manage exchange risks and excess cash.
• Funding due diligence exercises ensure that all Financial Accounting deliverables are met.
• Monitor and report on funding covenants, attend to all Funder reporting requests and requirements.

Application Deadline:

• 06 June 2025