Junior Financial Accountant

GENERAL PURPOSE

You will be required to work closely with the Financial Accountant to assist in him/her in performing the daily accounting department functions such as general ledger reconciliations, processing of journals and other accounting responsibilities as listed below.

RESPONSIBILITIES

General ledger (GL)

•      Monthly reconciliation of Balance sheet accounts
•      Assist with preparation of monthly recon file for management reporting purposes
•      Ensuring reconciliations are verified with valid supporting documentation
•      Ensuring that corrections are processed timeously
•      Investigate variances / unusual fluctuations in GL accounts
•      Assist in the performance of analytical reviews of income statement accounts

Creditors / Payables

•      Confirm costs are correctly captured into the appropriate Oracle GL accounts
•      Assisting with review of invoices captured
•      Correcting misallocations
•      Confirm correct tax codes captured (ensuring correct vat claimed)
•      Support creditors staff with their duties as and when required
•      Recon the Creditors Control to the GL (including sundry payables control accounts)
•      Investigating long outstanding items on creditors age analysis
•      Ensuring appropriate corrections are processed
•      Investigate Refund AP invoices for items requiring reversal
•      Reconcile and  ensure clearing accounts are cleared
•      Validate completeness and accuracy of payments/expenses
•      Validate the completeness and accuracy of the accruals 
•      Review of accruals raised and any assumptions made
  •       Ensure all accruals have been accounted for
  •       Detailed monthly schedule with supporting confirmation for accruals (required as part of GL recon file workings)

Cash and Bank/ Bank Recons

•      Assist with MM transfers as and when required
•      Ensure that all statements have been uploaded on oracle by the Cashbook Clerk. Provide assistance when required.
•      Assist with Petty Cash Journals and recons
•      Review and provide the necessary assistance in resolving  unreconciled items

Debtors / Receivables

•     Review and follow up on incomplete invoices by making use of weekly reports of incomplete invoices.
•     Ensure the completeness of revenue in relation to debtors control
•     Perform revenue analysis (Expected revenue vs actual revenue)
•     Examine unapplied and unidentified receipts on a daily basis
•     For anomalies (e.g. Large bursar amounts not applied)
•     For amounts that can be applied summarily
•     For finance related amounts e.. Insurance claims that need to be captured
•     Reconcile the debtors age analysis to the control accounts (GL) 
•     Perform reconciliation of Sundry Receivables accounts
•     Reconcile and ensure clearing accounts are cleared and investigated.
•     Review and recon the Tenant deposits schedule to the GL
•    Reconcile normalisation adjustment required on leases and process corrections as necessary

Fixed Assets

•     Ensure all creditors invoices captured re: Fixed Assets have been ticked “track as asset” and captured against correct asset book and correct clearing accounts
•     Ensure appropriate allocation of CAPEX and Repairs and Maintenance
•     Ensure correct VAT disclosed on VAT returns (Capital Input)
•     Post all fixed assets to assets module and post to GL
•     Run monthly asset depreciations
•     Reconcile assets schedule to GL

VAT

•     Assist with preparation of monthly VAT recons
•     Reconcile VAT GL accounts to VAT statement of accounts and VAT Returns

Loans

•                Assist with reconciliation of loan balances per property monthly
•                Assist with preparation of interest journals. Reconcile and agree to amortisation schedules

Intercompany

•     Assist with reconciliation of inter-company accounts on a weekly basis
•     Submit payments for intercompany accounts on a weekly basis

Year End

•      Preparation of year end schedules for audit purposes (link to GL recon file)
•      Assist with requests from auditors ensuring that requests are answered timeously and accurately

EDUCATION

•        Matric
•        Degree Bcom Accounting or equivalent

EXPERIENCE

•     3 years in a similar position
•     Verbal and Written Communication Skills
•     Computer Literate
•     Intermediate to Advanced Microsoft Excel Knowledge & Skills
•     Microsoft Office Knowledge & Skills – MS Word, MS PowerPoint, MS Outlook
•     Oracle knowledge would be beneficial

Closing Date:  18 July 2022

Important: Correspondence will only be entered into with short listed applicants. Should you not hear from us within four weeks, please consider your application unsuccessful.