Financial Accountant needed at iKhokha

Job Description

• Are you a skilled finance professional ready to make an impact? Look no further! 
• We’re looking for a driven Financial Accountant to join our iKTribe and play a pivotal role in shaping our company’s financial success. 

So, what will you do?  

• Gather financial data to ensure that all financial transactions are valid, accurate and complete on a monthly basis. 
• Ensure compliance with IFRS and SARS, CIPC and other relevant legislation/regulations. 
• Accurate financial processing in preparation of monthly Trial Balance. 

In addition to the above, your key responsibilities will be: 

Fixed Asset Register: 

• Process all additions on a monthly basis. 
• Run depreciation and amortisation for month end. 
• Ensure fixed asset register reconciles to GL. 
• Conduct annual impairment testing on intangible assets 

Cashbook:  

• Ensure all cashbooks are processed daily/weekly. 
• Bank reconciliations performed weekly with no variances. 
• Accuracy of cashbook allocations. 
• Unallocated payments or receipts resolved timeously 

Value Added Tax: 

• Calculation of accurate output and input tax values based on value added tax act. 
• Prepare Vat reconciliation to GL. 
• Ensure VAT is captured on e-filing and submitted before submission deadline. 
• Ensure SARS receives payment before deadline. 
• Prepare necessary documents requested by SARS for Audit 

Payments: 

• Load supplier payments 
• Provide proof of payments as required 
• Review of banking details for payments 
• Ensure that there is sufficient cash available for payments 
• Allocate merchant deposits to the correct wallet IDs 

Reconciliation & Journal Entries: 

• Prepare all balance sheet reconciliations. 
• Ensure reconciling items are resolved timeously. 
• Process all monthly journal entries timeously to ensure month end close deadlines are achieved. 

General Ledger Review: 

• Perform detailed review of all GL accounts to ensure completeness. 
• Correction of allocations between GL’s. 
• Review costs against budget to understand variances. 
• Process/reverse provisions and accruals where necessary 

Budgeting: 

• Assist in the annual budgeting process. 
• Ensure all costs are budgeted for accurately. 
• Assist in balance sheet and working capital budgets 

Annual Audit: 

• Assist in the annual audit process. 
• Provide supporting documents requested by external auditors timeously 

Income Tax:  

• Calculate accurate Income Tax values based on Income Tax Act. 
• Prepare deferred tax asset/liability and reconcile to GL. 
• Conduct annual impairment testing on deferred tax asset. 
• Ensure provisional Income Tax returns are captured on e-Filing and submitted before submission deadline. 
• Ensure SARS receives payment before deadline. 
• Prepare necessary documents requested by SARS for audit 

Other Statutory Reporting: 

• Assist in executing against the company’s B-BBEE strategy with the support of the Finance Operations Manager and 3rd party advisors (i.e., provide supporting reporting and data points to key stakeholders, ratings agencies, etc.). 
• Assist in timeous EE & WSP reporting on an annual basis (i.e., provide supporting reporting and data points to key stakeholders, Dept. of Labour, SETA etc.). 
• Assist in annual CIPC submissions processed by 3rd party company secretary 

Qualifications

• Completed Matric / Grade 12 
• BCom Accounting Degree/Post Graduate Diploma 
• CA(SA), CIMA, SAIPA or equivalent highly advantageous 

Deal Breakers:

• 3-5 years’ experience as a financial accountant / similar role in an operational finance team 
• Completed articles and proven work experience as a Financial Accountant or similar role 
• Solid knowledge of accounting regulation standards 
• Solid knowledge of the South African tax legal framework (i.e., income tax, VAT, PAYE, etc.) 
• Solid knowledge of other relevant South African legislation and regulations (i.e., Companies Act, B-BBEE, CIPC, etc.)Practical experience in processing SARS submissions, CIPC returns and other submissions to relevant regulatory bodies 
• Prior experience with MS Dynamics Business Central would be an advantage, but is not required