Financial Accountant

Job Title: Financial Accountant Company: Nkoana Business Consultants Job Category: SAP FICO Roles & Responsibilities: The Financial Accountant will be responsible for providing comprehensive accounting, financial reporting, tax compliance and financial management support to clients. The role requires a technically strong and analytical accounting professional who can manage the full accounting cycle, maintain accurate financial records, prepare management accounts and annual financial statements, ensure statutory and tax compliance, analyse financial performance and identify financial and operational risks. 2\. KEY RESPONSIBILITIESFinancial Accounting \& General Ledger * Maintain and review the General Ledger and supporting sub\-ledgers. * Ensure transactions are accurately recorded, classified and allocated to appropriate accounts, cost centres and accounting periods. * Prepare and process journals, accruals, provisions and prepayments. * Perform month\-end and year\-end closing procedures. * Review ledger accounts and investigate unusual or incorrect transactions. * Maintain accurate supporting accounting records and working papers. * Manage and review Accounts Payable and Accounts Receivable processes. * Review supplier invoices and supporting documentation. * Perform supplier and customer reconciliations. * Review creditor and debtor ageing reports. * Investigate and resolve account discrepancies. * Monitor overdue debtors and long\-outstanding creditor balances. * Assist with supplier payment schedules and customer collections. * Maintain and update Fixed Asset Registers. * Account for asset additions, disposals and transfers. * Calculate and process depreciation. * Reconcile Fixed Asset Registers to the General Ledger. * Ensure appropriate accounting treatment in accordance with IFRS. * Assist with asset verification and identification of impaired or obsolete assets. * Prepare and review monthly bank reconciliations. * Prepare comprehensive balance sheet reconciliations. * Reconcile General Ledger accounts to supporting schedules and sub\-ledgers. * Investigate and clear reconciling items timeously. * Identify unusual or long\-outstanding balances requiring management attention. Management Accounts \& Reporting * Prepare accurate monthly management accounts. * Prepare Income Statements, Balance Sheets and Cash Flow reports. * Review monthly financial results for completeness and accuracy. * Prepare financial analyses and management commentary. * Analyse trends and identify matters requiring management attention. * Prepare professional financial and management reports for clients and management. * Prepare and/or assist with Annual Financial Statements. * Ensure financial statements comply with applicable IFRS or IFRS for SMEs requirements. * Prepare supporting year\-end schedules and working papers. * Assist with external audits and independent reviews. * Research and apply appropriate accounting treatment for complex transactions. * Maintain current knowledge of applicable accounting standards. * Assist with preparation of annual budgets and forecasts. * Prepare monthly Budget vs Actual reports. * Analyse income and expenditure variances. * Investigate material deviations from budgets and forecasts. * Identify underlying drivers of financial performance. * Prepare meaningful explanations and recommendations for management. Cash Flow Management * Prepare and maintain cash flow forecasts. * Monitor actual cash flows against forecasts. * Analyse working capital requirements. * Monitor expected customer receipts and supplier obligations. * Identify potential liquidity constraints. * Recommend actions to improve cash flow and working capital management. * Identify financial and operational risks through analysis of accounting and financial information. * Assess liquidity and cash flow risks. * Identify debtor collection and credit risks. * Monitor adverse expenditure and revenue trends. * Identify margin and profitability deterioration. * Identify unusual, irregular or potentially fraudulent transactions. * Identify weaknesses in financial processes and internal controls. * Assess tax and regulatory compliance risks. * Quantify the potential financial impact of identified risks where possible. * Escalate material risks to management. * Recommend appropriate mitigating actions and control improvements. * PivotTables and PivotCharts. * XLOOKUP/VLOOKUP. * SUMIFS and COUNTIFS. * IF and nested formulas. * INDEX/MATCH or equivalent lookup functionality. * Data filtering, sorting and validation. * Conditional formatting. * Financial calculations. * Large\-data analysis. * Reconciliation schedules. * Budget and forecasting models. * Variance analysis. * Cash flow models. * Management reporting. * Prepare professional management presentations. * Present financial information clearly and concisely. * Develop charts, graphs and financial dashboards. * Present Budget vs Actual and variance information. * Summarise complex financial information for management. * Prepare presentations suitable for senior management and client meetings. * Preparation of professional financial reports. * Preparation and formatting of accounting and financial documents. * Use of tables, headings, styles and document formatting. * Preparation of client correspondence. * Preparation of policies, procedures and financial memoranda. * Producing professionally presented documents suitable for clients and management. * Prepare clear and professional financial reports. * Translate financial data into meaningful written commentary. * Explain significant financial variances. * Document financial risks and control weaknesses. * Prepare concise management commentary. * Clearly communicate findings, conclusions and recommendations. * Distinguish between material and immaterial financial matters. * Present complex accounting matters in language understandable to non\-financial stakeholders. * Prepare reports suitable for senior management and client consideration. * Support conclusions and recommendations with appropriate financial analysis and evidence. The role requires an individual who can go beyond presenting numbers and clearly explain what happened, why it happened, the financial impact, the associated risk and what action is recommended. 7\. KEY PERFORMANCE INDICATORS * Accuracy and completeness of accounting records. * Timely completion of month\-end processes. * Accuracy and quality of management accounts. * Quality and completeness of balance sheet reconciliations. * Accuracy of Annual Financial Statements. * Timeliness and accuracy of statutory submissions. * Quality of Budget vs Actual and variance analysis. * Accuracy of cash flow forecasts. * Effective identification and escalation of financial risks. * Quality of financial analysis and recommendations. * Quality and professionalism of written reports. * Effective use of SAP and other financial systems. * Compliance with client reporting deadlines. * Responsiveness to client requirements. * Ability to independently manage assigned responsibilities. 8\. OVERALL ROLE EXPECTATION This position requires more than transactional accounting or bookkeeping capability. The Financial Accountant must be capable of taking ownership of accounting activities from the underlying transaction and SAP records through to reconciliations, management accounts, Annual Financial Statements and management reporting. Work Location: In person Work Location: Centurion, GP, South Africa Availability: Full time

The successful candidate must have strong practical SAP experience, excellent Microsoft Excel skills and the ability to work independently across multiple client environments. * VAT. * PAYE. * UIF. * SDL. * EMP201\. * EMP501 and related payroll reconciliations. * Other applicable SARS and statutory requirements. 3\. SYSTEMS \& SOFTWARE SKILLSSAP – Essential / Critical Requirement Strong practical SAP knowledge and experience is a key requirement for this position. The successful candidate must be comfortable operating within an SAP accounting environment and should have practical experience in relevant areas such as: Candidates without meaningful hands\-on SAP experience may not be suitable for the position. 5\. MINIMUM QUALIFICATIONS \& EXPERIENCE * Bachelor's degree or equivalent qualification in Accounting, Financial Accounting, Finance or related field. * Approximately 3–5 years' relevant financial accounting experience. * Strong practical SAP experience – essential. * Practical SAGE Payroll experience. * Advanced Microsoft Excel capability. * Experience preparing management accounts and Annual Financial Statements. * Experience in leading a team * Strong working knowledge of IFRS and/or IFRS for SMEs. * Experience with budgeting, forecasting and financial analysis. * Experience preparing professional financial and management reports. * Experience working across multiple entities or clients will be advantageous. * SAICA/SAIPA articles or relevant professional accounting experience will be advantageous. Particular emphasis will be placed on SAP proficiency, IFRS knowledge, advanced Excel capability, analytical ability and professional report writing. * SAP Experience Key Skills: General Ledger, Accounts Payable, Accounts Receivable, Asset Accounting Salary: ZAR 180000 - 240000 per yearly