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Junior Accountant

ROLE DESCRIPTION

Junior AccountantJOB TITLE

In-OfficeTYPE

FinanceDEPARTMENT

Finance ManagerREPORTS TO

Apr 2024STARTING DATE

PURPOSE

The role will be to assist the Finance Manager with all the functions of a finance department (Mostly listed below). True to a start-up, the tasks can vary within the department and will range from financial processing to managing a client relationship.

OBJECTIVES

Financial Support and Analysis

  • Assist with the preparation of financial management packs and reports, including profit
  • and loss statements, balance sheets, and cash flow statements.
  • Support month-end and year-end close processes.
  • Conduct basic financial analysis to help senior finance staff in making informed decisions. 

 

Budgeting and Forecasting Support

  • Assist in the preparation of annual budgets and periodic financial forecasts.
  • Help maintain budgeting tools, databases, and records.

 

Data Management

  • Ensure accurate and timely data entry into the company’s accounting system (Xero)
  • Maintain financial databases, computer software systems, and manual filing systems.

 

Compliance and Internal Control

  • Support the finance department’s compliance efforts with all regulatory requirements.
  • Assist with the documentation and monitoring of internal controls.

 

Cash Flow Assistance

  • Help manage day-to-day cash flow by tracking transactions and regularly reviewing reports.

 

Accounts Receivable and Payable

  • Assist with the management of accounts receivable and payable. This includes invoicing, monitoring incoming payments, processing receipts, and making payments to suppliers.

 

Financial Policies and Procedures

  • Help develop and implement financial policies and procedures to improve efficiency and ensure the accuracy of financial information.

 

Reporting and Documentation

  • Prepare and maintain financial documentation and reports for internal and external stakeholders.

 

Team Collaboration

  • Work closely with other departments to assist with financial planning and analysis.
  • Participate in team meetings and contribute to financial strategy discussions.

 

Professional Development

  • Engage in ongoing learning and development opportunities to understand the latest financial regulations, trends, and best practices.

 

Special Projects

  • Assist with special projects as needed, which could include future capital raises, the implementation of new technology, or research into financial regulations. This role requires a good foundational knowledge in finance or accounting, attention to detail, and strong analytical skills. It’s also important for candidates to demonstrate a proactive approach to learning and the ability to work well in a team environment.
Role Requirements

EDUCATION

  • Bachelors in Finance, Accounting
  • Honours or Postgraduate Diploma in a finance-related field
  • Professional Certifications: SAICA/SAIPA/CIMA
  • Drivers license (This role will include some travelling)

KNOWLEDGE, COMPETENCIES AND SKILLS

  • Excellent problem solving and organisational ability
  • Proven ability to be part of a team and collaborate across departments
  • Strong numerical and analytical skills
  • Demonstrated ability to communicate and influence credibly and effectively at all levels
  • Ability to work under pressure
  • Proven verbal and written communications skills in English
  • Must be able to build strong internal client relationships
  • Excellent attention to detail
  • Experience working with INCO terms (Desirable)
  • Ownership & responsibility
  • Ability to work without close supervision
  • Approaching problems in a rational and analytical manner
  • Ability to work well under pressure

JOB RELATED EXPERIENCE

  • Proficiency in financial software (Xero), Microsoft Office Suite, especially Excel, and understanding of the Generally Accepted Accounting Practice (GAAP) in South Africa.
  • Familiarity with South African financial regulations, tax laws, and financial reporting standards.
  • Practical Experience: For a junior role, less than two years of relevant experience is required, whereas an intermediate role requires 2-5 years of experience within a finance department.
  • Internships and Traineeships: Experience gained through internships, learnerships, or traineeships, especially those that are relevant to finance or accounting, can be particularly valuable.
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