Job Description

A well established company based in Port Elizabeth is seeking a Assistant Client Accounting Manager.Duties:Supervise and initiating the processing of client information cheques, receipts, sales invoices, purchase invoices
Perform bank reconciliations
Processing and reconciling of Petty Cash and cash control accounts
Keeping of a fixed asset register
General journals e.g. depreciation, provisions, interest, salaries, stock, etc.
Process journal entries e.g. new instalment sale agreements, interest on borrowings, provisions, accruals of income and expenses, bad debts ect.
Distinguish between finance and operating leases.
Foreign exchange transactions
Reconcile debtors and creditors statements.
Correct accounting treatment on disposal of assets (property, plant & 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 for sole proprietors, close corporations, trusts, partnerships, small business corporations, farmers and Body Corporates.
Prepare the notes to financial statements
Formulate accounting policies
Identifying provisions and contingent liabilities
Calculate the tax liability for sole proprietors, individuals, close corporations and trusts, small business corporations, farmers, Body corporates and partnerships.
Calculate the taxation on lumpsum payments by retirement
Tax planning e.g. fringe benefits and allowances
Tax avoidance / Non-resident tax
Calculation of PAYE/UIF/SDL and VAT.
Completion of statutory returns e.g. UIF/SDL/PAYE/VAT.
Liase with client re payment of the above returns.
Preparations of payroll.
Issuing of IRP5s and IT3s and reconciliation to IRP501 at year end.
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 short comings in internal controls
Identifying risks and calculate materiality
Statutory checks members certificates, founding statements, association agreements etc.
Pre-engagement procedures
Acquisition of members 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 company / sole proprietor / 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
Assist in the running of the Accounting department with proposals ect.
Provide and develop training to 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.
Set-up of accounting systems for clients
Suitable hardware and software
Training of client staff in using the software (Pastel and Xero)Keep up to date with changes in:
Taxation (Income tax, Value Added Tax)
IFRS (International Framewok of Reporting Standards)
Basic knowledge of FAIS Act / FICA Act / DTI-Incentive programmes / Labour laws
Client/Employee confidentiality to be maintained
Display a courteous and respectful attitude towards other staff members, partners and clients at all times
Deadlines need to be met and you will then be required to work extended hours from time to time.Requirements:BCom degree with Accounting III, Auditing and Taxation
Technicon diploma with Accounting III, Auditing and Taxation
SAIPA Qualified
OR
More than 2 years of experience in similar role
People skills: Ability to deal with clients and colleagues in a professional manner
Communication skills: Be able to converse in English/Afrikaans/Xhosa (advantageous), good report writing skills. Reasonable general knowledge. Ability to present / provide training material
Management skills: Ability to supervise accountants and provide leadership.
Accurate, decisive, Able to prioritize, organised and problem solving skills
Strong accounting, taxation and auditing knowledge
Time Management
Able to work under pressure in a deadline driven environment
Must have Caseware, do VAT REVIEWS and be SAIPA Qualified
Directly responsible for the supervision of accountants
Work independently but work is reviewed by Manager or PartnerComputer Literacy:Good working knowledge of Pastel, Microsoft office excel and word, Windows, Caseware (Essential) and Payroll (Advantageous)

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