Senior Accountant
My client, a 2nd tier accounting firm based in the heart of Port Elizabeth, is looking for a Senior Accountant.
Processing of accounting records onto a computerised accounting system resulting in an accurate and complete set of books. Completing of annual financial statements of CC’s, trusts, sole proprietors and Body Corporates and working paper files. Calculation of taxation owing 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.
Duties & Responsibilities
Key Duties and Responsibilities – Key Performance Indicators:
- Supervise and initiate the processing of client information receipts, sales invoices, purchase invoices.
- Perform bank reconciliations.
- Process and reconcile Petty Cash and cash control accounts.
- Maintain a fixed asset register.
- General journals – e.g., depreciation, provisions, interest, salaries, stock, etc.
- Process journal entries e.g., new instalment sale agreements, interest on borrowings, provisions, accruals of income and expenses, bad debts etc.
- Distinguish between finance and operating leases.
- Handle foreign exchange transactions.
- Reconcile debtors and creditors statements.
- Correct accounting treatment on disposal of assets (property, plant & 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.
- Conduct 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 for sole proprietors, close corporations, trusts, partnerships, small business corporations, farmers and Body Corporates.
- Prepare the notes to financial statements.
- Identify provisions and contingent liabilities.
- Calculate the tax liability for sole proprietors, individuals, close corporations and trusts, small business corporations, farmers, Body corporates and partnerships.
- Calculate the taxation on lumpsum payments by retirement.
- Engage in tax planning – e.g., fringe benefits and allowances.
- Handle secondary tax on companies.
- Perform vouching tests during an audit of (Pty) Ltd and Body Corporates to verify completeness, existence, accuracy, valuation, ownership and presentation.
- Calculate PAYE/UIF/SDL levies and VAT.
- Complete statutory returns e.g., UIF/SDL/PAYE/VAT.
- Liase with client regarding payment of the above returns.
- Reconcile input/output VAT to annual financial statements and monthly trial balances.
- Compile and discuss monthly management accounts with the client.
- Complete a tax return for individuals, close corporations, trusts and body corporates.
- Record and identify shortcomings in internal controls.
- Identify risks and calculate materiality.
- Assist with acquisition of member’s interest/shareholding.
- Review the monthly files of junior to intermediate accountants.
- Complete and review Management representation letters.
- Qualify the report of an Accounting Officer.
Desired Experience & Qualification
Skills, Competencies and Experience Required:
Skills
- Interpersonal skills.
- Communication skills: Be able to converse in English/Afrikaans/Xhosa (advantageous).
- Report writing skills.
- Time Management.
- Organisational skills.
- Supervisory skills: Ability to supervise junior and intermediate accountants and provide leadership.
- Strong Accounting, Taxation and Auditing knowledge.
- Decisive and accurate.
- Ability to prioritise.
- Ability to work under pressure in a deadline-driven environment.
Experience
Six years plus relevant accounting experience.
Required Computer Packages:
- Microsoft Office – Excel and Word, Windows.
- CaseWare.
- Xero.
Package & Remuneration
R 25K - R33K CTC.
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