Financial Controller - Johannesburg, South Africa - Insphired Recruitment Solutions

Insphired Recruitment Solutions
Insphired Recruitment Solutions
Verified Company
Johannesburg, South Africa

1 week ago

Thabo Mthembu

Posted by:

Thabo Mthembu

beBee Recruiter
Description
Our client in the Financial Services industry is currently looking for a
Financial Controller/Accountant, in Bryanston.


Responsibilities:


  • Capturing of monthly general journals.
  • Reconciliation of ledger accounts.
  • Analysis of monthly variances.
  • Processing payroll journals.
  • Management of revenue and expense accruals/provisions.
  • Processing of fair value adjustments on investments.
  • Recovery of expenses.
  • Loan amortizations and capturing of interest.
  • Revaluation of foreign currency translations.
  • Review of intercompany loans and balancing thereof.
  • Fee calculations.
  • Preparation and review of monthly management accounts i.e., income statement, balance sheet, trial balance and relevant notes.
  • Reporting on monthly management accounts.
  • Management of Debtors Age Analysis.
  • Raising and collection of all revenue from various streams.
  • Implementing revenue collection process.
  • Providing weekly status updates on customer age analysis and collections.
  • Forecasting cash inflow from debtors.
  • Monthly Revenue Billing.
  • Capturing of high volumes of sales invoices in various foreign currencies, ensuring completeness and accuracy of the sales.
  • Issuing of customer statements.
  • Verification of revenue being raised.
  • Performing a variance analysis and reporting on revenue movement.
  • Allocation of revenue to the correct period (income received in advance, deferred revenue)
  • Debtors Collection:
  • Reporting on weekly debtors age analysis.
  • Implementation and maintenance of an efficient and effective collection process.
  • Following up on outstanding debtors.
  • Dealing with customer queries/internal queries.
  • Building strong customer relationships.
  • Forecasting cash inflow from debtors.
  • Reconciliations and Intergroup Transactions.
  • Liaising with Finance Manager to ensure the correct allocations of cashbooks processed.
  • Weekly customer reconciliations.
  • Confirmation of debtor's balances on a quarterly basis.
  • Output VAT to revenue reconciliation.
  • Working with the Subsidaries finance team on rebates and intercompany charges.
  • Assisting with cost allocation between the two businesses.
  • Management of Creditors Age Analysis.
  • Overseeing the raising and payment of all supplier invoices.
  • Overseeing supplier payment process.
  • Overseeing weekly status updates on supplier age analysis and payments.
  • Overseeing forecast cash outflows from suppliers.
  • External Audit:
  • Preparation of necessary documents required for the external audit.
  • Facilitation of the audit process in collaboration with the rest of the finance department.
  • Attending to all audit queries.
  • Statutory Reporting.
  • Recon submission and payment of the following:
  • VAT.
  • Income tax.
  • Provisional tax.
  • IT14SD and other SARS queries FSCA reporting of the following:
  • Liquidity calculation.
  • Capital adequacy requirement.
  • Assets under management (AUM) reporting.
  • Profit share calculation.
  • Calculation of profit share.
  • Monthly Payroll.
  • Processing of monthly payroll payments and biannual profit share.
  • Implementing and monitoring internal controls in within the finance function and the larger team.
  • Assisting with consultingbased accounting work for affiliated companies as required by the Financial and Operations Manager.
  • Reviewing fund accounting on various internal products.
  • Perform adhoc tasks delegated by the Financial and Operations Manager.

Requirements:


  • Postgraduate qualification in Accounting or relevant qualification.
  • Preference for someone registered with a professional accounting body (SAICA, CIMA, SAIPA) or has FS experience.
  • 5 years' experience in a similar role in the Financial Services industry.
  • Proficiency in Xero will be preferred.
  • High proficiency in the Microsoft suite (in particular Excel)
  • Ability to showcase taking ownership and accountability.
  • Overall positive attitude, curious mind and willingness to put up their hand to help the team.

Remuneration:


  • R R CTC per annum.

Salary:
R650, R700,000.00 per year


Ability to commute/relocate:

  • Johannesburg, Gauteng: Reliably commute or planning to relocate before starting work (required)
More jobs from Insphired Recruitment Solutions
See all jobs of Insphired Recruitment Solutions