Senior Accountant, Port Elizabeth

Qualifications

Matric with Accounting at a Higher Grade BCom degree or equivalent degree with Accounting III and taxation Completed SAIPA articles or SAICA articles More than 6 years of experience in an accounting practice Required Computer Packages

Microsoft Office Excel and Word, Windows CaseWare Xero Responsibilities

Supervise and initiate the processing of client information receipts, sales invoices, and purchase invoices Perform bank reconciliations Process and reconcile Petty Cash and cash control accounts Keep a fixed asset register Prepare general journals (e.g., depreciation, provisions, interest, salaries, stock, etc.)Process journal entries (e.g., new installment sale agreements, interest on borrowings, provisions, accruals of income and expenses, bad debts, etc.) Distinguish between finance and operating leases Manage foreign exchange transactions Reconcile debtors and creditors statements Apply correct accounting treatment on disposal of assets (property, plant&equipment) and investments, and calculate the taxation on capital gains/losses Analyze the resulting trial balance for mistakes/deviations and discuss the results with the client Conduct analytical review of AFS GP%, Inventory days, Creditors days, Debtors days Ability to record books from insufficient recordsProduce a draft set of financials according to generally accepted accounting practices 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 statementsIdentify provisions and contingent liabilities Calculate the tax liability for sole proprietors, individuals, close corporations, trusts, small business corporations, farmers, Body corporates, and partnerships Calculate the taxation on lumpsum payments by retirement Perform tax planning (e.g., fringe benefits and allowances)Calculate 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) Liaise with clients regarding the payment of the above returnsReconcile input/output VAT to annual financial statements and monthly trial balances Compile and discuss monthly management accounts with clients Complete tax returns for individuals, close corporations, trusts, and body corporates Record and identify shortcomings in internal controls Identify risks and calculate materialityConduct statutory checks (e.g., members certificates, founding statements, association agreements, etc.) Manage the acquisition of members interest/shareholding Review the monthly files of junior to intermediate accountants Complete and review Management representation letters Qualify the report of an Accounting OfficerOther

Understand the concept and characteristics of close corporations, private companies, sole proprietors, trusts, clubs, and sectional titles Know the advantages and disadvantages of the above Manage loans to members of the above entities Understand the powers of members to bind the above entitiesAssess personal liability of members to CC/company and others Be familiar with the duties and rights of an accounting officer Provide assistance to junior and intermediate accountants Handle any other complex duty/work/client activity Develop and provide training for junior and intermediate accountantsPerform basic administrative duties as needed on a day-to-day basis Review the working papers of junior to intermediate accountants Be able to audit Body Corporates and perform Independent Reviews Software

Set up accounting systems for clients Ensure suitable hardware and software Train client staff in using the software (Pastel) Compliance

Comply with The Companys System of Quality Management (SOQM), policies, and procedures Adhere to The Companys Employee Code of Conduct, which includes The Companys HR policies, SAICA, IRBA, and IESBA Codes of Conduct

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