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Senior Accountant Nelson Mandela Bay (Port Elizabeth / Uitenhage)

MASA Outsourcing (Pty) Ltd • Other • Kariega, Eastern Cape, South Africa • $200 - $300 / year • 6h ago

Senior Accountant

Our client is seeking a qualified and experienced Senior Accountant.

Duties & Responsibilities

Requirements:

Matric with Accounting at a Higher Grade.
BCom degree or equivalent degree with Accounting III and taxation.
Completed SAIPA articles or SAICA articles.
More than 6 years of experience in accounting.

Required Computer packages:

Pastel
Microsoft Office – Excel and Word, Windows
CaseWare
Xero

About:

Processing of accounting records onto a computerized accounting system resulting in an accurate and complete set of books. Completing annual financial statements of CCs, trusts, sole proprietors, and Body Corporates and working paper files. Calculation of taxation owed by businesses and individuals. Completion of statutory returns e.g., PAYE, UIF, SDL, VAT, etc. Liaising with clients directly. Supervise and train junior and intermediate accountants.

Responsibilities:

Supervise and initiate the processing of client information receipts, sales invoices, and purchase invoices.
Perform bank reconciliations.
Processing and reconciling of Petty Cash and cash control accounts.
Keeping a fixed asset register.
General journals – e.g., depreciation, provisions, interest, salaries, stock, etc.
Process journal entries e.g., new installment sale agreements, interest on borrowings, provisions, accruals of income and expenses, bad debts, etc.
Distinguish between finance and operating leases.
Foreign exchange transactions.
Reconcile debtors and creditors statements.
Correct accounting treatment on disposal of assets (property, plant, and equipment) and investments and the calculation of the taxation on capital gains/losses.
Analyse the resulting trial balance for mistakes/deviations and be able to discuss the results with the client.
Analytical review of AFS – GP%, inventory days, creditors days, debtors days.
Ability to record books from insufficient records.
Produce a draft set of financials according to generally accepted accounting practice and a working paper file according to the standards per the training file.
Prepare the notes for financial statements.
Formulate accounting policies.
Identifying provisions and contingent liabilities.
Calculate the tax liability.
Calculate the taxation on lumpsum payments by retirement.
Tax planning – e.g., fringe benefits and allowances.
Tax avoidance / Non-resident tax.
Secondary tax on companies.
Perform vouching tests during an audit to verify completeness, existence, accuracy, valuation, ownership, and presentation.
Calculation of PAYE/UIF/SDL levies and VAT.
Completion of statutory returns e.g., UIF/SDL/PAYE/VAT.
Liaise with the client for repayment of the above returns.
Reconciliations of input/output VAT to annual financial statements and monthly trial balances.
Compiling and discussing with the client of monthly management accounts.
Complete a tax return for individuals, close corporations, trusts, and body corporates.
Recording and identifying shortcomings in internal controls.
Identifying risks and calculating materiality.
Statutory checks – member’s certificates, founding statements, association agreements, etc.
Pre-engagement procedures.
Acquisition of member’s interest/shareholding.
Review the monthly files of junior to intermediate accountants.
Completion and review of management representation letters.
Qualifying the report of an Accounting Officer.

Other:

Concept and characteristics of close corporations / private companies / sole proprietors/trusts/clubs /sectional titles.
Advantages and disadvantages of the above.
Loans to members of the above.
Powers of members to bind the above.
Personal liability of members to CC/company and others.
Accounting records to be maintained.
The duties and rights of an accounting officer.
Provide assistance to junior and intermediate accountants.
Any other duty/work/client that is not the normal run-of-the-mill activity e.g. and is of a more complex nature.
Provide and develop training for junior and intermediate accountants.
Perform basic administrative duties as needed on a day-to-day basis.
Review the working papers of junior to intermediate accountants.
Able to audit and Body Corporates and perform Independent Reviews.

Software:

Set up accounting systems for clients.
Suitable hardware and software.
Training of client staff in using the software (Pastel).
Compliance with the firm’s System of Quality Management (SOQM), policies and procedures.
Compliance with the firm’s Employee Code of Conduct which consists of the firm’s HR policies, SAICA, IRBA, and IESBA Codes of Conduct.