Overview
Senior Accountant Jobs in Kempton Park at SPEC-CAST WEAR PARTS
JOB PROFILE
Position: Senior Accountant
Outline of role:
This role is crucial in managing and overseeing financial management to ensure the smooth functioning within business. The responsibilities typically include strategic financial planning, cost management, budgeting, and financial reporting while also collaborating with other departments to improve efficiency and profitability.
Duties:
Control and supervise the complete spectrum of financial operations within the organization, ensuring adherence to compliance standards, precision, and efficiency
Lead the finance team of 5 individuals, offering guidance, mentorship, and cultivating a culture of ongoing enhancement
Financial group consolidations
Steer cash control initiatives to minimize risks and uphold financial integrity
Manage Day-to-Day Operations of the Finance Department:
Supervise and provide guidance to the accounting team to ensure daily operations are carried out efficiently.
Review and approve day to day transactions (e.g.credit note requests, petty cash requests, adhoc payments) to ensure accuracy.
General Ledger Reconciliations: Ensure all general ledger reconciliations are completed within month-end close deadlines.
Ensuring well managed debtors and creditors control, analysing aging bi-monthly. Driving debtor collections, analysing and resolving on account payments with debtors and creditors which have not been allocated, limiting overtrading of accounts unless exceptions have been provided.
Review and initial sign off of month end creditors packs, ensuring POD’s are present and remittances are in line with payables.
Journal Entries: Prepare adhoc journals as well as month end journal entry packs for review by OFM, interest-bearing loans, and interest on finance leases, depreciation journals and other financial adjustments in accordance with company policy. Ensure journal packs are prepared and filed for audits.
Stock Adjustments: Review and sign off stock adjustments (BI/BO Accounts), ensuring thorough investigations and the receipt of supporting documentation are provided. Maintain thorough records of all stock adjustments in the finance department.
Monthly review of the control accounts reconciled by Procurement:
– VSI Uplfit ZAR, USD, GDP, EUR, VSI Packaging
– BR audit adjustments
– Non Stock Account
– SO Cost of Sales accrual
– PC Stock Accrual
– Works Order Control
Monthly review and/or preparation of the control accounts reconciled by Finance:
– Over/Under payment from customers
– TC01 Current Till Suspense
– Stock Unmatched Invoices
– Cash Advances Control
– External Payment control
– Unknown payments received
– BI/BO adjustments
– Credit Note Pending
Review of monthly procurement spend records for BBEEE reporting prior to submission to Procurement (prepared by creditors clerk)
Intercompany Transactions: Process monthly intercompany invoicing for operational cost recoveries and shared services. Review intercompany loan account transactions and journal entries. Review monthly reconciliation of related party accounts.
Delegate tasks to the accounting team and monitor progress against deadlines.
Prepare Accurate and Timely Monthly and Annual Financial
o Preparation of income statement, balance sheet, and cash flow statements
Financial group reporting, consolidations and inter-company eliminations quarterly
Assist with implementing Phocus financial reporting modules and reports
Ensure all financial data is accurate, compliant, and timely for management reporting.
Monitor key financial metrics, such as profit margins, return on assets, and liquidity ratios.
Supervise and Mentor the Finance team
Provide coaching and development opportunities to team members to build their skills and competencies.
Working closely with the OFM when conducting performance reviews on the finance team and provide feedback for career progression.
Resolve any team conflicts and ensure a collaborative working environment.
Ensure staff adheres to company policies and financial reporting procedures.
Train and mentor staff on financial systems and reporting processes.
Coordinate with External Auditors
Facilitate the annual audit by working closely with external auditors and providing the required documentation
Oversee Tax Compliance and ensure timely filings
Ensure the company’s tax filings (e.g., VAT, income tax, PAYE) are accurate and submitted on time.
Keep updated on tax legislation in South Africa to ensure ongoing compliance.
Manage the preparation of tax provisions
Lead the Financial Period Close process
Oversee and coordinate the monthly and year-end financial closing processes.
Ensure that all financial data is reviewed, verified, and accurately reported.
Manage the preparation of closing reports for senior management review
Monitor the timeliness of financial closings and ensure that all relevant processes are followed to meet deadlines.
Improve Internal Financial Controls and Procedures
Evaluate and improve existing financial processes to enhance efficiency and reduce errors.
Develop internal controls to mitigate financial risks, prevent fraud, and ensure compliance.
Conduct regular internal audits to assess the effectiveness of internal controls and recommend improvements
HR relations, payroll deductions, staff advances
Processing and management of employee related accounts such as:
– Staff Advance Account
– Staff Loan Accounts
– Salary Control Account
– ETI Accounts
– Sars EMP Control Accounts
– Leave provisions
Liaising with HR and relevant finance personnel monthly for salary deductions, such as traffic fines, excess mobile usage, excess fuel usage, insurance excess where applicable
Job Experience & Skills Required:
Qualifications:
BCom Accounting
CA(SA)
Experience:
Certified Chartered Accountant (CA(SA)) with demonstrated expertise in a senior financial leadership position
Possesses a minimum of 10 years of post-qualification experience
Essential experience in both buying and selling environments/retail/manufacturing is a prerequisite
Strong financial and accounting background, including an understanding of profit and loss, balance sheet and cash flow management, and general finance and budgeting, intercompany consolidations
Brings a minimum of 5 years of experience in a supervisory/management role
Experience with corporate governance.
Experience on Kerridge ERP systems and advantage
Skills & Competencies:
Exhibit adept operational skills, proficiently navigating and streamlining financial processes to achieve optimal efficiency
Candidate needs to have an excellent memory, well managed task prioritizing skills, be able to work under pressured deadlines
Display a forward-thinking approach to data analytics and reporting
Demonstrate strong leadership abilities, effectively guiding a finance team
Dedication to delivering results and attaining financial objectives through strategic financial planning and execution
Advanced MS Excel (Pivot tables, V-Lookups, X-Lookups etc)
Other
Age: 35-45 years
Resides within the East Rand, preference given to candidates who reside within 20km of Pomona, Kempton Park
Salary:
Market related
Job Type: Full-time
Application Question(s):
Would you rate your MS Excel skills as basic, intermediate or Advanced?
Do you reside within 20km on Pomona, Kempton Park, JHB, Gauteng?
Do you have experience in both buying and selling environments/retail/manufacturing? Please detail your answer more specifically.
What is your current age?
Are you a South African Citizen? If not please specify your nationality.
What is your salary expectation for this role?
Please confirm your availability for employment: Immediate, 30 days, 60 days?
Education:
Bachelors (Required)
Experience:
post qualification finance: 10 years (Required)
supervisory/management: 5 years (Required)
Kerridge ERP: 1 year (Preferred)
Language:
English fluently (Required)
License/Certification:
registered CA(SA) by SAICA (Required)
Drivers license and own vehicle (Required)
Location:
Kempton Park, Gauteng 1618 (Preferred)
Work Location: In person
Application Deadline: 2025/04/14
Title: Senior Accountant
Company: SPEC-CAST WEAR PARTS
Location: Kempton Park
