Junior Financial Accountant
This role is for a Junior Financial Accountant who will be responsible for a range of financial tasks, including the review of general ledgers, journal entries, and the preparation of management accounts and annual financial statements. The position requires ensuring the accurate and timely processing of routine and non-routine transactions, as well as reconciliations and compliance with financial regulations. The Junior Financial Accountant will also support the Senior Financial Accountant and assist with audits.
- Review of general ledgers to ensure cashbook and creditors capturing are correctly allocated and VAT correctly accounted for.
- Capturing and posting of monthly journals.
- Preparation of monthly management accounts.
- Preparation of performance measures relevant to the management accounts.
- Ensure the management accounts are prepared timeously to ensure there is adequate time for review by the Senior Financial Accountant.
- Preparation of annual financial statements.
- Responsible for binding the final pack of management accounts which will be reviewed by the Group Financial Manager.
- Preparation of monthly balance sheet reconciliations by deadline communicated by the Senior Financial Accountant.
- Ensure routine transactions (expenses, asset purchases, cash book entries, sales etc.) are processed timeously by subordinates.
- Processing of non-routine transaction (depreciation, impairments, provisions, finance costs/income, discounting, lease straight-ling, management fees, administration fees etc.) and complex transactions
- Ensure correct capitalization of assets vs expensing repairs/maintenance or expensing items that will be consumed within one month.
- Ensure the cashbook clerks, creditors and debtors meet there deadlines which will allow sufficient time for review of all general ledgers before the preparation of management accounts.
- Review VAT general ledger account, prepare Output and Input Reasonableness schedules and VAT Reconciliation which will be reviewed by the Senior Financial Accountant for the period which it’s due.
- Review and approve all loan, creditors, facility, instalment sales reconciliations to external statements
- Process accruals ( test estimation accuracy by reference to trends and comparison of actual results to previous estimates)
- Process goods in transit to the goods in transit liability account based on risk and rewards associated with various shipping terms and reconcile to the goods in transit stock account.
- Preparation of listing were orders are matched to DN and follow up on unfilled orders to ascertain completeness of stock/creditor.
- Preparation of the calculation of short term portions and ensure reliable data sheets are maintained to enable this monthly.
- Process monthly standing debit orders (rent, insurance, telephone, subscriptions etc.).
- Assist the Senior Financial Accountant in the preparation of Budgets.
- Assist the Senior Financial Accountant with the quarterly mini audit.
- Prepare all schedules required by the External Auditors, Internal Auditors and BEE Auditors.
- Facilitate requests by External Auditors, Internal Auditors and BEE Auditors for documents required for substantive testing.
- Assist Senior Financial Accountant on ad hoc tasks which will enable him/her to fulfill their duties.
- Process credit notes.
- People Performance must be tracked by yourself and the onus is on you to set-up performance review meetings with the Group Financial Manager.
- Comply with company policy and procedure.
- Ensure logical saving of all work, templates, etc. monthly and yearly such that each year’s financial records can stand on its own when enquiries/ investigations/audits take place.
- Produce high quality, neat, logical, succinct, easy to follow, easy to understand, formula linked work/templates/workbooks/financial models - of which is substantiated by facts with no numbers in the formulas.
- Ensure the above (final version) and other documents are chronologically saved/backed up.
- 100% compliance with COSACT, Tax acts, IFRS/IFRS for SMEs and other laws/regulations relating to finance.
- Preparation of to department process write-ups/ system descriptions and quarterly updating.
- Ensure measures are put in place and steps are taken to achieve the short term, medium term and long term goals.
- Assist with company projects from time to time.
- Microsoft Office
- Pastel Evolution or Similar Accounting Software
Hollywoodbets is a South African sports betting and online gaming company, founded in Durban in 2000 where it opened its first betting branch. It has grown into one of South Africa's largest bookmakers, offering sports betting, online casino and numbers games across a large retail branch network and digital channels. Headquartered in Durban, the company has expanded internationally into the United Kingdom, Ireland and Mozambique. Hollywoodbets is also well known as the title sponsor of the Hollywoodbets Durban July horse race.
