Senior Accountant

at  Measured Ability Group Holdings

Our client is seeking a qualified and experienced Senior Accountant.

REQUIREMENTS:

• Matric with Accounting at a Higher Grade.
• BCom degree or equivalent degree with Accounting III and taxation.
• Completed SAIPA articles or SAICA articles.
• More than 6 years of experience in accounting.

• Supervise and initiate the processing of client information receipts, sales invoices, and purchase invoices.
• Perform bank reconciliations.
• Processing and reconciling of Petty Cash and cash control accounts.
• Keeping a fixed asset register.
• General journals – e.g., depreciation, provisions, interest, salaries, stock, etc.
• Process journal entries e.g., new installment sale agreements, interest on borrowings, provisions, accruals of income and expenses, bad debts, etc.
• Distinguish between finance and operating leases.
• Foreign exchange transactions.
• Reconcile debtors and creditors statements.
• Correct accounting treatment on disposal of assets (property, plant, and equipment) and investments and the calculation of the taxation on capital gains/losses.
• Analyse the resulting trial balance for mistakes/deviations and be able to discuss the results with the client.
• Analytical review of AFS – GP%, inventory days, creditors days, debtors days.
• Ability to record books from insufficient records.
• Produce a draft set of financials according to generally accepted accounting practice and a working paper file according to the standards per the training file.
• Prepare the notes for financial statements.
• Formulate accounting policies.
• Identifying provisions and contingent liabilities.
• Calculate the tax liability.
• Calculate the taxation on lumpsum payments by retirement.
• Tax planning – e.g., fringe benefits and allowances.
• Tax avoidance / Non-resident tax.
• Secondary tax on companies.
• Perform vouching tests during an audit to verify completeness, existence, accuracy, valuation, ownership, and presentation.
• Calculation of PAYE/UIF/SDL levies and VAT.
• Completion of statutory returns e.g., UIF/SDL/PAYE/VAT.
• Liaise with the client for repayment of the above returns.
• Reconciliations of input/output VAT to annual financial statements and monthly trial balances.
• Compiling and discussing with the client of monthly management accounts.
• Complete a tax return for individuals, close corporations, trusts, and body corporates.
• Recording and identifying shortcomings in internal controls.
• Identifying risks and calculating materiality.
• Statutory checks – member’s certificates, founding statements, association agreements, etc.
• Pre-engagement procedures.
• Acquisition of member’s interest/shareholding.
• Review the monthly files of junior to intermediate accountants.
• Completion and review of management representation letters.
• Qualifying the report of an Accounting Officer.

Other:

• Concept and characteristics of close corporations / private companies / sole proprietors/trusts/clubs /sectional titles.
• Advantages and disadvantages of the above.
• Loans to members of the above.
• Powers of members to bind the above.
• Personal liability of members to CC/company and others.
• Accounting records to be maintained.
• The duties and rights of an accounting officer.
• Provide assistance to junior and intermediate accountants.
• Any other duty/work/client that is not the normal run-of-the-mill activity e.g. and is of a more complex nature.
• Provide and develop training for junior and intermediate accountants.
• Perform basic administrative duties as needed on a day-to-day basis.
• Review the working papers of junior to intermediate accountants.
• Able to audit and Body Corporates and perform Independent Reviews.

Software:

• Set up accounting systems for clients.
• Suitable hardware and software.
• Training of client staff in using the software (Pastel).
• Compliance with the firm’s System of Quality Management (SOQM), policies and procedures.
• Compliance with the firm’s Employee Code of Conduct which consists of the firm’s HR policies, SAICA, IRBA, and IESBA Codes of Conduct.