Purpose:
Group Accounting is a head office and parent company function that offers the opportunity to explore and understand the business performance of the entire Group. As a Group Accountant the successful incumbent will be required to prepare cost centre reports for various cost centres; prepare consolidated management accounts for all cost centres; control the fixed assets register; review debtors/creditors aging; review all items on the balance sheet monthly; prepare the monthly balance sheet file with schedules for all balance sheet items; prepare annual budgets for individual cost centres; and consolidated view of budgets for management.
Duties and Responsibilities:
- Responsible for the production and enhancement of reporting, ensure that the information presented, and explanations provided are accurate and consistent with information externally and internally reported.
- Supporting the CFO in the set up and implementation of the intercompany budget process and related projects.
- Budget vs spent variance analysis reporting.
- Monthly update of budgets.
- Ensuring timeous and accurate processing of all budget related intercompany transactions for all companies in the Group.
- Preparation of intercompany reports.
- Responsible for the intercompany and month end close process.
- Keeping track of the costing and budgets of all projects.
- Billing customers within stipulated deadlines, sending statements and handling collections.
- Processing of suppliers and monthly reconciliation of all accounts
- Revenue and expenses analysis and advice.
- Profit and loss statements review, adjustments and presentation.
- Payroll reconciliation, schedule check against various GL’s.
- Petty cash management and reconciliation.
- Monthly reconciling of pass-through costs.
- Group Annual Financials preparation and reconciliations.
- Liaising with Finance Business Partners to resolve any intercompany mismatches.
- Preparation of balance sheet reconciliations ensuring the relevant supporting documentation substantiates the balances and identifying open items to resolve.
- Processing month end journals.
- Analysis of the trial balance and explanation/commentary for movements compared to previous months.
- Supporting the interim and year end audit process.
- Preparation of notes, disclosures, and schedules for audit packs and the financial statements.
- Drafting financial statements and addressing audit queries in relation to the annual financial statements.
- Processing journals for the annual financial statements.
- Extraction of Trial Balances and adjusting journals.
- Be prepared to respond to reasonable requests from Executive Management.
Group CEO.
Group CFO.
Group COO.
Group Director.
Minimum Requirements and Experience:
- Matric
- Completed BCom Accounting
- 3 to 5 Years relevant experience handling Intercompany Accounts
- Experience working with Sage Intacct
