Vacancy Details
Employer: Signature Cosmetics
Key Responsibilities:
Qualifications:
- Ensure full preparation and reconciliation of all Income Statement, Profit and Loss and Balance Sheet accounts
- Ensure that financial reports are prepared and delivered timeously
- Generate financial reports related to budgets, account payables, account receivables and expenses which show the organisations financial position, operating performance, and cash flow over reporting periods
- Perform balance sheet reconciliations timeously with effective management of outstanding reconciling items
- Assist with account payable and account receivable activities
- Review financial data for accuracy, correctness, and completeness
- Perform financial analysis, reporting and management activities
- Assist Managing Director to compile and manage the budget for the group of companies
- Monitor all expenses within the allocated budget per business area
- Maintain and ensure the accuracy of the full general ledger, cash books, creditors and debtors' books from entry to trial balance, including the Inter-Company loan accounts
- Prepare and maintain financial statements, i.e. Income Statement, Profit and Loss, Store Profit and Loss, and Balance Sheet items and ensure their availability in a timeous and accurate manner in support of bank covenants and board packs
- Review and advise on the capitalisation and depreciation of all fixed asset register items
- Ensure the accuracy of all Ledger accounts including Inter-Company loan accounts
- Provide relevant information for Cost of Sales calculation utilising current systems, including but not limited to the Landed cost of imported stock
- Ensure cash flow is aligned with company operations, by overseeing the day-to-day accounting, recording, reporting, and internal control activities of the organization
- Perform financial analysis on ratios and changes to major line items on the balance sheet and or P&L Statement and provide recommendations to address areas of concern
- Design, implement and review financial and business controls to mitigate financial risk
- Develop standard accounting procedures to improve the efficiency of financial operations
- Arrange in collaboration with the Managing Director, the timing of the purchasing of currency and payment for all imported stock and international travel
- Review and where necessary raise queries on cash sales banking reconciliations and controls
- Oversee the Payroll function, including the calculations of commissions, overtime payments and staff loan reconciliations.
- Verify Medical aid, Provident Fund, PAYE, UIF, SDL and Workman’s Compensation computations and ensure timeous payment
- Verify all bank accounts are reconciled monthly and address any concerns with relevant team members
- Manage allocation and reconciliation of Head Office Petty Cash
- Oversee the processing of company credit cards and fleet cards for approved staff members
- Oversee the Creditors reconciliations, check the validity of invoices, manage the payment dates, and ensure accurate entry into accounting systems
- Review all VAT Reconciliations and raise any queries
- Review and raise any queries on the accuracy of store rental payments
- Ensure the company is legally complaint with all SARS requirements
- Prepare for and oversee annual financial audit process and ensure an action plan is in place to address areas of concern and review its implementation
Qualifications:
- Grade 12
- B Com in Finance, Accounting, Business Studies, Diploma in Financial Management, or related qualification required
- CA(SA) qualification will be an added advantage
- Minimum 5 years accounting and finance experience
- Minimum 3 years managing a finance department
- Cost accounting experience required
- Overseeing of audit processes an advantage
- Experience in a retail finance environment required
- In-depth working knowledge of financial reporting standards, tax, regulatory issues and industry legislation
- Proven knowledge of financial analysis
- Good understanding of accounting software and statistical analysis tools
15 people have applied for this job. 244 people have viewed this job.
About Signature Cosmetics
Signature Cosmetics & Fragrances is a Proudly South African beauty brand with stores across South Africa, Botswana and Namibia. Our brand is about giving people the power to express who they want to be no matter who they are, or where they are from. Beauty is not about how much you spend, but how confident you feel.
We aim to provide our customers with quality products at unbelievably affordable prices, thus making all categories of high-quality beauty accessible to all. We source products and raw materials from the best global manufacturers and are passionate about local manufacturing too. 50% of our products are manufactured in South Africa. Our primary products include colour cosmetics, fragrances, bath & body, skincare and beauty accessories.
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