Financial Accountant

at  Yoco

WHO WE ARE

Yoco is one of Africa’s largest fintech companies, building an ecosystem of intuitive, dynamic payments and business tools. These connected tools are easy to tailor to diverse business needs, enabling brave businesses to do better and grow.
Founded in 2015, we now process over US$3 billion annually for over 400,000 businesses.
We are powered by over 330 people across our three talent hubs in the Netherlands and South Africa. We come from different backgrounds and have different viewpoints, so we can keep building cutting-edge financial tools for growing businesses.
We’re growing fast. With growth comes compelling challenges, which means that if you’re an ambitious problem-solver with big ideas you will be challenged, stimulated, and grow with us at Yoco. You have a passion for doing good. You’re bright and grounded, experimental and brave.
We believe growing together is a commitment and that it means being uncomfortable and overcoming problems, and when faced with such problems seeing opportunities where others see barriers. But we know it’s not for everyone.
We don’t stop pushing, we break things to rebuild, we challenge ourselves, and inspire each other. We’re constantly evolving - and we’re doing it fast.
Be Brave and Grow With Us.

THE PEOPLE WE’RE LOOKING FOR

We’re looking for brave people who want to grow. And as Yoco grows we hope they stay with us, long term.
Growing can be a daunting task and it’s not for everyone. We never stop pushing, we break things to rebuild, we challenge ourselves, and inspire each other to push further.
So, who are you? You’re a curious problem-solver with a passion for doing good. You’re bright and grounded, experimental, and brave. You play open cards and get stuck in. You’re not afraid of change. You close the loop.
Find out more about who we are here.
We encourage applicants from diverse backgrounds to apply and ask that you please send your application in English and help us reduce unconscious bias by leaving out your picture, age, address, and other unnecessary information in your CV

ABOUT THE ROLE

The Financial Accountant will manage all accounting aspects related to revenue recognition, inventory, and margin activities. The role is crucial for creating accurate and timely financial information and ensuring strict adherence to accounting principles, procedures, and legislation. The Financial Accountant will work closely with the Accounting Operations Manager and Revenue Assurance Manager to support the accuracy and completeness of the company’s financial records.

WHAT YOU WILL BE DOING

• Ensure accurate and timely processing of transactions for Revenue and Margin for all product streams.
• In collaboration with the Legal and Revenue Assurance team, review contract terms impacting revenue recognition.
• Ensure the accuracy of inventory balances in accordance with IAS 2 (Inventories).
• Monitor inventory valuation methods (weighted average, etc.) and provide insights for cost control.
• Lead month-end and year-end inventory reconciliations and ensure the proper recording of adjustments.
• Partner with the Supply Chain and Operations teams to optimise inventory management processes.
• Perform financial analysis of revenue streams and inventory movements, identifying trends, discrepancies, and areas for improvement.
• Apply relevant principles to accurately record, adjust, and reconcile financial transactions while maintaining an appropriate audit trail and supporting documentation according to professional financial accounting and reporting standards.
• Maintaining accurate and timely reconciliations and schedules to support reported Balance Sheet and Income Statement balances.
• Ensure strict adherence to established accounting policies, principles, and procedures and recommend improvements where necessary.
• Monitor and analyse accounting data, ensuring the accuracy and integrity of the organisation’s financial records.
• Support the day-to-day financial accounting processes and provide guidance to the Assistant Accountant in accurately recording transactions.
• Ensure integrity and accuracy of the ERP System (Oracle NetSuite), statements, and reports.
• Ensure all month-end and year-end accounting processes are executed timeously and accurately.
• Liaise with external auditors ensuring that supporting documentation is provided in a timeous manner and according to professional financial accounting and reporting standards.
• Preparing reports, calculations, and supporting schedules in support of annual financial statement balances and notes.
• Provide support in respect of any ad-hoc activities, requests or finance transformation projects as required by the business.
• Respond to and solve queries from departments within the company regarding financial activity.