Junior Accountant - Umhlanga Rocks

Company Description · iKhokha is a place where chance takers become change makers. At iKhokha, we believe in better. As you'd expect, our pace is fast-moving and ever-changing. We like it that way.  As one of the fastest growing Fintech's in Africa we've built a team of global ch ...

Job description

Company Description

iKhokha is a place where chance takers become change makers. At iKhokha, we believe in better. As you'd expect, our pace is fast-moving and ever-changing. We like it that way.  As one of the fastest growing Fintech's in Africa we've built a team of global change-makers who want to make an impact. If you believe in a better future, be a chance-taker and help us empower small businesses in South Africa.

Job Description

We're on the lookout for an ambitious Junior Accountant who is eager to learn, grow, and contribute to a high-performing finance team. If you're detail-oriented, numbers driven and excited about building a strong career in accounting, this could be the perfect next step for you.

So, what will you do?

• Assist the Financial Accountant in:
• Gathering financial data to ensure that all financial transactions are valid, accurate and complete on a monthly basis.
• Ensuring compliance with IFRS, SARS, CIPC and other relevant legislation/regulations.
• Ensuring accurate financial processing in preparation of monthly Trial Balance.
• Ensuring accuracy, existence & completeness of fixed asset register and cash book.  

In addition to the above, you will:

Fixed Asset Register:

• Process all additions on a monthly basis.
• Process disposals on a monthly basis.
• Run depreciation and amortisation for month end.
• Ensure fixed asset register reconciles to GL and to physical assets on hand
• Ensure tax register is updated monthly.
• Ensure asset card details are accurate at all times
• Physical tagging of assets upon import into Fixed Asset Register.

Cashbook:

• Ensure all cashbooks are processed daily/weekly.
• Bank reconciliations performed weekly with no variances.
• Accuracy of cashbook allocations.
• Unallocated payments or receipts resolved timeously.

Reconciliation:

• Prepare all balance sheet reconciliations for Financial Accountant review.
• Ensure reconciling items are resolved timeously.

Journal Entries:

• Assist Financial Accountant to prepare certain journal entries timeously for Finance Operations Manager review to ensure month end close deadlines are achieved.

Budgeting & Forecasting:

• Assist Financial Accountant & FP&A Analyst in balance sheet and working capital budget (with an emphasis on cashflow forecasting).

Annual Auditing:

• Assist in the annual audit process.
• Provide supporting documents requested by external auditors timeously.

Value Added Tax:

• Assist Financial Accountant in calculating accurate output and input tax values based on Value Added Tax Act.
• Assist Financial Accountant in preparing VAT reconciliation to GL.

Qualifications

• BTech Accounting Degree/ Diploma or equivalent experience.
• Completion of or study towards BCom Accounting Degree / Post Graduate Diploma would be advantageous.
• Completion of or study towards CIMA, SAIPA or equivalent would be advantageous.

Deal breakers:

• 2+ years' experience as a junior accountant, bookkeeper or finance/debtors/creditors/fixed asset/cash book clerk or similar role in an operational finance team.
• Experience in fintech, financial services, or similar industries would be advantageous.

Additional Skills & Knowledge:

• Proven work experience as a Junior Accountant, Bookkeeper or similar role.
• Intermediate knowledge of MS Excel
• Prior experience with MS Dynamics 365 would be advantageous.
• Intermediate knowledge and experience in an accounting / ERP system
• In-depth understanding of business bookkeeping procedures
• Foundational knowledge of IFRS accounting standards
• Foundational knowledge of the South African tax legal framework (i.e., income tax, VAT, PAYE, etc.)
• Foundational knowledge of other relevant South African legislation and regulations (i.e., Companies Act, B-BBEE, CIPC, etc.)
• Intermediate knowledge in systems of internal controls and best practices related to these
• Intermediate knowledge in other finance operations and month-end / year-end close process
• Intermediate knowledge of business working capital cycles.

Additional Information

Perks of joining the Tribe?  

• Work in a high-growth company with tangible results you're accountable for. 

• Competitive remuneration and benefits, including reduced Gap cover rates. Medical Aid and Group Risk scheme contributions. 

• Visionary leadership. 

• Seize the opportunity for study leave.   

• Access to on-demand learning at your fingertips. 

• Experience a friendly, collaborative culture with a team of all-round-lekker humans (it's true, we surveyed our Employees, and they told us so). 

• If you find yourself at HQ, coffee on tap and a selection of hot beverages provided by our very own onsite Barista.  

Stay Sharp

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Apply the iK way:

Go via our Careers page or verified platforms (Smart Recruiters).

We'll never ask for payment, personal financial details, or anything unusual during the hiring process. If someone does, it's a scam, report it.

If something feels off, pause and confirm the role on our site before responding.

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Work policy: Onsite