Financial Accountant (JB2745)
Area: Queensburgh, Durban
Salary: R25 000.00 to R30 000.00 a month
Working Hours: 06:45am to 16:15pm
Duration: Permanent
Application closing date: 15 February 2023

A well-established Company that has experienced phenomenal growth and has grown to become on of the largest metal recycling operations in Durban is looking for a Financial Account to join their Team.  The successful candidate will contribute to the development and implementation of the departmental accounting systems, policies, and procedures. Support the department through the collection, processing, recording, reconciliation and reporting of financial data, verifying the validity, completeness, and accuracy of source documentation. Maintain complete and proper records of revenue, expenditure, assets, and liabilities, and ensure the accuracy and integrity of financial information.

Minimum Requirements:
2 – 4 years’ experience in a similar role
Scrap Metal Industry Experience - Beneficial
Matric
BCom Degree - Completed
SAICA articles or Partially completed SAICA Articles
In depth knowledge of full IFRS.
In depth knowledge of the Income Tax Act
In depth knowledge of the VAT Act
In depth knowledge of the Basic Conditions of Employment Act
In depth knowledge of the Second-Hand Goods Act
In depth knowledge of inventory in all aspects
Advanced computer literacy (Microsoft Office, Pastel Partner, VIP, Lariat/Recycle Prox).
Professional communication skills.
5 years + Pastel Partner experience (advantageous, but not compulsory)
Proficient in Excel, Word, and Outlook
Excellent ability to work with, analyse, interpret and report on figures and numbers
Deadline Orientated with attention to detail
Proactive approach
Ability to utilize relevant software systems to maximum capacity to perform financial and other functions
Ability to communicate, both verbally and written, clearly and accurately in English and Afrikaans
In depth understanding of VAT
In depth understanding of creditors, debtors and cashbook
Understanding of all related financial legislation and ability to ensure compliance to relevant legislation
Ability to work under pressure
Ability to reconcile accounts (bank, debtors and creditors), processing of bank account on a daily basis and work with large volumes of transactions
Well-balanced individual.
Willing to take initiative to deliver results.
Excellent attention to detail.

Duties and Responsibilities: 
Performance Monitoring and Managing of all staff reporting directly to you
Training staff and implementing new controls
Improve reporting deadlines and accuracy including:
motivating the financial team and directing the financial process
monitoring the finance deadline
Prepare regular testing procedures to ensure the completeness of the sales and purchases transactions
Prepare month/year-end cut-off procedures to ensure that the sales and purchases is accounted for in the correct period.
Responsible for completing the entire Voucher of Correction (to take into account any additional VAT not previously cleared (Customs) on Ship-Shape (Imports Software) eliminating the clearing agents and sending through the documents directly to SARS/ Customs.
Prepare and reconcile the following Financial Statement Line Items
Intercompany Balances (Loan, Customer and Supplier) and Transactions (Sales, Purchases, Processing Costs etc.)
Fixed Assets Register
Completion of Trade Receivable Analysis and Trade Payable Analysis and preparation of individual Reconciliations (Per Customer/ Supplier) where applicable
VAT Control Account
Preparation of Intercompany Balances and Transactions Confirmations (As art of the Interim and Yearend Audit Procedures)
Prepaid Expenses
Accruals
Deferred Taxation
Current Taxation
Prepare monthly management accounts (Discussion Packs) which is discussed monthly with the Branch Manager.
Prepare and reconcile VAT control account and completion of VAT201 submissions to SARS
Prepare and submit Verification of VAT Declaration Supporting Documentation to SARS (When an audit from SARS side is required.)
Compiling of Interim and Yearend Audit Files (Both Electronic and Hard Copy) this file includes the following Working Papers:
Risk Assessment Analytical Procedures (Planning and Completion)
SPA Assessment (Planning)
Off the Shelf Questionnaire (Pastel)
Tax Specialist Involvement Assessment (Planning)
Estimates Working Paper (Planning)
System Descriptions of all mayor processes
Fraud Questionnaires
Opening Balance Working Paper
Going Concern Working Paper (Completion)
Cash Flow Statement Working Paper (Completion)
Reconciliations for all Balance Sheet Items and all mayor Income Statement Items
Lead Schedules/ AFS Disclosure Reconciliations of all Balance Sheet Items
 Journal Entry Working Paper – all journal entries documented in detail and split between the different users
Completeness Testing Procedures (Sales and Purchases)
Cut-Off Testing Procedures (Sales and Purchases)
Intercompany Account Balances and Transactions Confirmations
Liaising with Auditors
Review Audit findings and adjusting entries
Supervise packing goods for easy count
Once counted hand count to Accounts and management
All paperwork to be completed timeously and passed to relevant department
Write reports on all and any warehouse or staff incidents
Daily/Weekly meeting with management
Daily meeting with warehouse staff
Driver meetings
Resolving and improving external audit queries
Ensure the branch filing is in order and easily accessible to the auditors and SARS
Writing out and signing of cheques
Acting as Branch Bookkeeper when she is on leave.
Posting of Cash Purchases and completion of Police Register when Branch Receptionist/ Administrative Clerk is on leave.
Ad hoc request from Management
Any other duties in reasonable relation to the job as allocated by management
Upholding of the Company Confidentiality Agreement.
Compliance with all relevant legislations – see below.
Effective management and continuity of all related activities.
All performance related tasks as required.
Working very close with the Director
Work hours are between 06h45 and 16h15 Monday to Friday
Inventory counts take place over weekends, therefore the financial accountant is required to be present

Please email CV to recruit@kontak.co.za and quote JB2743 in the subject line

For full JD & to apply online https://www.kontak.co.za/vacancies.php