Financial Accountant

at  Gauteng Partnership Fund

EDUCATIONAL REQUIREMENTS

Minimum Requirements: Bachelor’s Degree (NQF level 7) in Accounting / Finance
Idea: Postgraduate qualification (NQF level 8) in Accounting will be advantageous
Registration with a professional body will be an added advantage

WORK EXPERIENCE

3 – 5 years’ experience in Financial Accounting, Management and Reporting

EDUCATIONAL REQUIREMENTS

Minimum Requirements: Bachelor’s Degree (NQF level 7) in Accounting / Finance
Idea: Postgraduate qualification (NQF level 8) in Accounting will be advantageous
Registration with a professional body will be an added advantage

WORK EXPERIENCE

3 – 5 years’ experience in Financial Accounting, Management and Reporting

PURPOSE OF THE JOB:

To effectively support the Finance and Planning Manager by implementing and facilitating management accounting and reporting; ensuring compliance with all applicable laws and adhering to sound budgetary control practices. The Financial Accountant is responsible for effectively applying a working knowledge of applicable financial reporting standards, policies and procedures and using internal operational systems and financial accounting packages to ensure completeness, accuracy and validity.

KEY RESPONSIBILITIES:

1.1. Financial Management

Coordinates the receipt of, analyses, reviews and compiles financial data for financial statements in accordance with GRAP and International Accounting Standards

• Prepares the quarterly Interim Financial statements and Annual financial statements
• Reviews and quality checks financial transactions to ensure effective and accurate bookkeeping
• Conducts payroll reconciliation to confirm tax obligations
• Makes payments in line with project guidelines and approvals
• Conducts analyses of reports, makes observations reports on findings which affect the financial health of the GPF
• Ensures the business meets all its statutory and legislative compliance obligations
• Prepares month end closure and reporting
• Identifies operational areas for cost-reduction opportunities
• Prepares monthly loan reconciliations and commitments reports
• Deals with client queries and monthly loan statements
• Provides back-office support and services

1.2. Budget Management

• Monitors the end-to-end budgeting process to ensure adherence to statutory deadlines
• Consolidates business unit budgets to facilitate the compilation of the overall GPF capex and opex budgets
• Prepares management reports
• Reports on individual budget items in collaboration with Supply Chain Management
• Maintains and manages proper records of all budget inputs and information
• Monitors, forecasts and reports on monthly cashflows
• Compiles reports on revenue and expenditure
• Prepares quarterly IYM
• Prepares and analyses cost center reports and reports on budget variances and reasons thereof

1.3. Audit Management

• Coordinates activities during the audits to ensure successful completion
• Submits all relevant evidence and supporting documentation, in compliance with financial legislation, and to minimise audit findings
• Compiles the audit files to support the Annual Financial Statements (AFS)

1.4. Payments Processing

• Conducts first review of payment requests
• Facilitates timeous payments
• Assists with coordination and authorisation of payments within approved delegations of authority

1.5. People Management

• Manages subordinates in line with company policies
• Fosters a suitable and supportive environment conducive to staff development and the achievement of Departmental objectives
• Implements staff development and training to achieve the unit and organisational objectives
• Implements performance management and monitors the performance of subordinate staff
• Participates in the recruitment and selection of subordinate staff

1.6. General duties

• Analysing targets.
• Meeting with department heads.
• Providing back-office services such as accounts payable.
• Reconciliation and issuing of loan statements.
• Attend to and resolve queries relating to loan statements.
• Monitoring cash flow.
• Liaising with accountant teams
• Team player
• Assignment from supervisors within the Finance Unit