Job Description    

• RCL Foods is recruiting for a driven, highly energized and analytical Financial Accountant within the baking business unit.
• The suitable candidate will be responsible to coordinate and supervise the monthly financial reporting requirements. Monthly vat and taxation deliverables as well as the treasury function. monthly financial reporting requirements. Monthly vat and taxation deliverables as well as the treasury function.
• This role will be based in Pietermaritzburg and reporting to the Financial Manager.
• This role is a Permanent role.

Minimum Requirements    

Education and Qualification

• Qualified CA or a BCOM Accounting degree with SAICA articles as a minimum

Experience and Training

• Minimum 3-5 years post articles working experience
• Extensive experience with the IFRS standards as well as Auditing standards
• JDE experience preferable

Duties & Responsibilities    
Financial Reporting and General Ledger Maintenance

• Prepare month-end reporting packs (both management accounts and reporting pack to Group).
• Ensure all finance activities are completed within the agreed deadlines.
• Prepare General Ledger reconciliations monthly which entail backup schedules in support of all Balance Sheet Accounts (joint responsibility with reconciliation controller)
• Following up of queries/reconciling items ensuring that no significant items remain on the reconciliations when closing the General Ledger.
• Consolidate, review and sign off all staff debtor accounts.
• Provide assistance and resolution for all branch finance related issues.
• Process monthly standing journals, and review and post journals raised by the team.
• Review and post all branch accruals
• Capture own journal and accrual entries when required, including routine monthly transactions, corrections, and provisions, ensuring correct account allocations.
• Oversee the monthly close-off of the finance submodules
• Review the sub-accounts prior to month end close, to ensure all postings have been done and that clearing has been performed.
• Review monthly bank reconciliation and investigate reconciling items.
• Review and all petty cash slips for relevant approval, valid supporting documentation and correct accounting and tax treatment and post.
• Prepare monthly intercompany Group confirmations reconciliation and follow up/clear variances.
• Assist commercial teams with GL analyses where required
• Assist with the ongoing efforts to maintain and implement internal controls at all sites
• Perform “value-add” responsibilities as agreed between Financial Manager and Financial Executive.
• Assess the IFRS implications for new financial transactions implemented and prepare the accounting and tax entries for these transactions.
• Preparation of all IFRS compliant schedules and processing of journals e.g IFRS 16 and IFRS 9 entries and schedules.
• Oversee the PPE/fixed assets of the sites such as depreciation and maintenance of the fixed asset registers including capex.
• Liaise with Internal and external audit and ensure all deliverables are submitted.
• Assist with the drafting of annual financial statements as well as CIPC compliance

Tax Compliance

• Complete the South African VAT reconciliation and return on a monthly basis.
• Assist with SAR’s queries on VAT return submissions
• Apply for the annual renewal of tax clearance certificates and letters of good standing for the company.
• Ensure that tax schedules are prepared accurately and timeously as per month end timetable and submitted for review to Financial Manager.

Treasury Control

• Check and release EFT payment runs.
• Create and maintain user profiles for Bank.
• Review and verify all Business Online payments, local and foreign.
• Prepare bi-monthly cash flow forecasts to be submitted to group and investigate significant variance between actuals and forecast.

Effective Teamwork and Self-Management

• Take ownership and accountability for tasks and activities and demonstrate effective self-management in terms of planning, prioritising and self-development.
• Follow through to ensure that quality and productivity standards of work are consistently and accurately maintained.
• Inform relevant parties in the event of tasks or deadlines not met, the potential risks thereof and provide appropriate resolution.
• Support and drive the business core values.
• Manage colleagues and clients’ expectations and communicate appropriately.
• Demonstrate willingness to help others and “go the extra mile” to meet team targets and objectives.
• Champion training and development of self and others through utilising available training opportunities or contributing to the development of new training solutions relating to product costing in collaboration with national training specialists.
• Participate in and drive regular performance appraisals and ensure that own targets and goals are clear and achievable.
• Maintain a basic appreciation and awareness of employee relations climate and ensure corrective action is taken where required in line with relevant legislation and company policy.
• CA (SA) or similar qualification

Financial Statement

• Prepares financial statements and reports needed to comply with regulatory requirements.

Budget and forecast

• To co-ordinate and plan the head office annual budget as well as forecasts within the agreed business objectives to measure the head office annual financial performance.
• To compile the monthly head office review reports, clearly indicating deviations to targets and to investigate appropriate actions required to remedy these deviations.