Group Financial Accountant – Meyersdal, Alberton
Phakisa Holdings is seeking a Group Financial Accountant to join our team in Meyersdal, Alberton.
Key Responsibilities
Cashbook Management:
- Supervise cashbook clerks, oversee daily tasks, and manage leave scheduling.
- Conduct annual performance reviews and development planning for clerical staff.
- Review and approve monthly cashbook reconciliations.
- Manage the payment process, ensuring accuracy, validity, and proper authorization before escalation.
- Oversee the processing and reconciliation of third-party payments from payroll.
- Monitor daily cash flow forecasts and recommend necessary investments or withdrawals.
- Track approved payments against bank statements.
- Ensure correct VAT treatment on EFT invoices with appropriate controls in place.
- Maintain and update bank accounts on FNB Online and Unit4 Masterfile.
- Recommend process improvements for financial controls and efficiency.
Creditors Management:
- Supervise creditors clerks, delegate tasks, and oversee leave management.
- Conduct annual performance appraisals for clerical staff.
- Review creditor reconciliations, ensuring thorough checks for each supplier.
- Investigate unprocessed invoices and credit notes, coordinating resolutions with procurement and divisional accountants.
- Approve payment proposals, including supplier maintenance updates.
- Analyze and report on aged creditors and inactive suppliers, recommending closures.
- Manage and track the B-BBEE status of suppliers, ensuring compliance updates in ERP systems.
- Identify and implement improvements in the creditors department’s processes and controls.
General Finance:
- Enhance financial controls, ERP, and payroll systems for improved efficiency.
- Promote cross-departmental collaboration to enhance operational effectiveness.
- Review and summarize balance sheet reconciliations prepared by divisional accountants.
- Maintain corporate division’s asset registers, including capitalizations and disposals.
- Oversee year-end financial procedures to ensure smooth audits.
- Assist in preparing and managing annual B-BBEE audits and compliance reports.
- Process and reconcile monthly payroll files in the ERP system.
- Assist with annual budgeting, financial reporting, and VAT201 submissions.
- Monitor corporate division expenses and allocate management fees across divisions.
General & Operational Support:
- Provide financial insights and analytical support to operations teams.
- Conduct data analytics for process efficiency and fraud detection.
- Perform internal audits and identify process improvement opportunities.
- Design and implement reporting tools to improve financial and operational decision-making.
- Ensure data accuracy and meaningful financial reporting.
Qualifications & Experience
- Education: BCom Honours (SAIPA registered) or CA(SA) (SAICA registered).
- Experience:
- Completed Articles at an accredited institution.
- 3+ years of managerial experience.
- 3+ years post-articles experience, preferably in the service industry.
- Skills & Knowledge:
- Strong analytical and problem-solving abilities.
- Proficiency in IFRS, financial accounting, and auditing standards.
- Excellent leadership and interpersonal skills.
- Advanced query, report writing, and data presentation capabilities.
- Strong project planning and coordination skills.
Join Phakisa Holdings and contribute to a dynamic financial team dedicated to excellence and innovation.
