Purpose :
This role reports to the Finance Manager and is responsible for assisting with accounting, month-end and year-end reconciliations and preparation of audit files.
The Team Lead’s direct reports are the Junior Financial Accountant & the Creditors controller. The entities in this silo constitute foreign entities that provide a range of operational and marketing outsourcing services.
Duties include, but are not limited to :
This person will be required to assist with the following duties :
Monthly management reports
Assist in the preparation of the management accounts including :
Assist with the posting of invoices, accruals
Review expense analysis, marketing analysis, prepayments, and accruals to identify missing expenses and raise accruals
Reconcile prepayments, accruals, foreign
Assist with the analysis of expenses, with commentary (Opex, IS, and Fee files) ensuring all expenses have been categorized and allocated correctly
Assist with updating headcount splits by department, brand, and region for cost allocation
Assist with regional and brand
Monthly billing calculations & joint venture
Matching of open
Run FX in Navision & prepare FX reconciliations
Proactively resolve any queries
Preparation of monthly balance sheet reconciliations
Preparation of all fixed asset recons & review the fixed asset register ensuring that assets are captured and depreciated in line with fixed asset policies, scrapping old assets and revisiting estimated useful
Capitalization of internally generated intangible assets
Run depreciation & amortisation
Reporting :
Prepare monthly consulting, legal & audit fee schedules
Preparation of marketing analysis
Prepare necessary commentary for month-end Opex review files & review input & commentary from Creditors controllers
Prepare necessary commentary for balance sheet review files
Assist with the preparation of monthly Income statement files, including commentaries per expense type and brand.
Updating of disclosure schedules for quarterly audit files
Managing reporting index
Operational
Ensure all Intergroup loan accounts, customers & vendors are settled timeously & balances confirmed monthly
Ensure all customers are collected & vendors settled
Reviewing of ageing reports & open items
Communicate cash requirements with the Treasury team weekly
Ensure all contractual relationships are up to date
Review contracts matrix regularly with Legal
Verify & reconcile Affiliate usage & payment container
Review & authorise Payment requests on the PAS system
Raise intragroup billings using the Intercompany module on Navision
Posting of ad hoc journal entries
Audits
Preparation and review of internal and external audit
Liaise with the Statutory team to ensure all queries resolved
Income tax
Prepare monthly tax calculation for inclusion in the month-end
Team Leadership
Escalate and motivate any resource requirements to the Finance Manager
Day to day management of the Junior Financial Accountant & creditors controller
Co-ordinate functions in the team to ensure that all team members are working effectively and able to deliver reporting on time
Ensure best business practice is embedded across all processes and functions
Undertake bi-annual team appraisals and performance development reviews
Ensure team key deliverables are met on time and
Provide guidance, mentoring and support to all direct reports to ensure the team is working efficiently and coherently
Bi-annual setting of team objectives
Manage all stakeholder expectations appropriately and communicate any potential problems
Ad hoc duties as may be required from time to time.
This job description is not intended to be an exhaustive list of responsibilities. The job holder may be required to complete any other reasonable duties in order to achieve business objectives.
Essential Requirements :
BCom Finance degree or similar.
Ability to start immediately
2-3 years accounting experience
Demonstrates consistent behaviour aligned to the organizational
Advantageous Requirements :
Proficient in Microsoft
Experience in Behavioural Competencies :
Relationship Building
Ownership and Accountability
Organisation and planning
Interpersonal skills
Problem Solving
Resilience
Communication
Team player
The Department : Finance
They are a dynamic and diverse group of individuals working together in a fast-paced environment, with the sole aim of providing accurate and useful financial information.
As the finance department, they deliver timeously to senior management and shareholders of the organisation, to assist with their decision-making processes in driving the business forward.
