Job Reference Number: GPF-62
Department: Finance
Industry: Professional
Job Type: Permanent
Positions Available: 1
Salary: Market Related

Job Description

FINANCIAL ACCOUNTANT POSITION ADVERTISEMENT

PURPOSE OF THE JOB:

To effectively support the Finance and Planning Manager by implementing and facilitating management accounting and reporting; ensuring compliance with all applicable laws and adhering to sound budgetary control practices.  The Financial Accountant is responsible for effectively applying a working knowledge of applicable financial reporting standards, policies and procedures and using internal operational systems and financial accounting packages to ensure completeness, accuracy and validity.

KEY RESPONSIBILITIES:

1.1.  Financial Management

Coordinates the receipt of, analyses, reviews and compiles financial data for financial statements in accordance with GRAP and International Accounting Standards

1. Prepares the quarterly Interim Financial statements and Annual financial statements
2. Reviews and quality checks financial transactions to ensure effective and accurate bookkeeping
3. Conducts payroll reconciliation to confirm tax obligations
4. Makes payments in line with project guidelines and approvals 
5. Conducts analyses of reports, makes observations reports on findings which affect the financial health of the GPF
6. Ensures the business meets all its statutory and legislative compliance obligations
7. Prepares month end closure and reporting
8. Identifies operational areas for cost-reduction opportunities
9. Prepares monthly loan reconciliations and commitments reports
10. Deals with client queries and monthly loan statements
11. Provides back-office support and services

 

1.2.  Budget Management

1. Monitors the end-to-end budgeting process to ensure adherence to statutory deadlines
2. Consolidates business unit budgets to facilitate the compilation of the overall GPF capex and opex budgets
3. Prepares management reports
4. Reports on individual budget items in collaboration with Supply Chain Management
5. Maintains and manages proper records of all budget inputs and information
6. Monitors, forecasts and reports on monthly cashflows 
7. Compiles reports on revenue and expenditure
8. Prepares quarterly IYM
9. Prepares and analyses cost center reports and reports on budget variances and reasons thereof

 

1.3.  Audit Management

1. Coordinates activities during the audits to ensure successful completion
2. Submits all relevant evidence and supporting documentation, in compliance with financial legislation, and to minimise audit findings
3. Compiles the audit files to support the Annual Financial Statements (AFS)

 

1.4.  Payments Processing

1. Conducts first review of payment requests 
2. Facilitates timeous payments
3. Assists with coordination and authorisation of payments within approved delegations of authority

 

1.5.  People Management

1. Manages subordinates in line with company policies
2. Fosters a suitable and supportive environment conducive to staff development and the achievement of Departmental objectives
3. Implements staff development and training to achieve the unit and organisational objectives
4. Implements performance management and monitors the performance of subordinate staff
5. Participates in the recruitment and selection of subordinate staff

 

1.6.  General duties

1. Analysing targets.
2. Meeting with department heads.
3. Providing back-office services such as accounts payable.
4. Reconciliation and issuing of loan statements.
5. Attend to and resolve queries relating to loan statements.
6. Monitoring cash flow.
7. Liaising with accountant teams
8. Team player
9. Assignment from supervisors within the Finance Unit

 

REQUIREMENTS:

EDUCATIONAL REQUIREMENTS 

Minimum Requirements: Bachelor’s Degree (NQF level 7) in Accounting / Finance

Idea: Postgraduate qualification (NQF level 8) in Accounting will be advantageous

Registration with a professional body will be an added advantage

WORK EXPERIENCE

3 – 5 years’ experience in Financial Accounting, Management and Reporting

 

CLOSING DATE: 13 NOVEMBER 2024

 

Job Requirements

 

REQUIREMENTS:

EDUCATIONAL REQUIREMENTS 

Minimum Requirements: Bachelor’s Degree (NQF level 7) in Accounting / Finance

Idea: Postgraduate qualification (NQF level 8) in Accounting will be advantageous

Registration with a professional body will be an added advantage

WORK EXPERIENCE

3 – 5 years’ experience in Financial Accounting, Management and Reporting

 

CLOSING DATE: 13 NOVEMBER 2024