Assistant Financial Accountant

REQUIREMENTS

• A relevant Bachelor’s Degree or Advanced Diploma (NQF 7) in Financial Accounting or Auditing
• Approximately 6 years of experience in financial accounting and reporting, where such experience includes
  • Preparing annual financial statements in accordance with a recognised financial reporting framework (e.g. IFRS), preparing reconciliations, and audit working papers for a minimum of 3 years
  • A minimum of 2 years of supervisory experience
  • Budget preparation and variance analysis, including investigative follow-up
  • Experience in maintaining general ledger structures and account coding
  • Working knowledge of the VAT Act and its application
  • Experience in preparing VAT schedules, reconciliations, and dealing with SARS rulings
  • Experience coordinating external audits and managing audit documentation
  • Advanced computer literacy, especially in accounting systems and MS Excel
  • Experience with inventory and fixed asset accounting, including depreciation processes
  • Exposure to statutory reporting for DHET, SARB, and Statistics South Africa, and familiarity with restricted vs unrestricted fund accounting in a university context, will be an added advantage
  • A thorough understanding and experience of VAT as it applies to higher education Institutions will be an advantage

RESPONSIBILITIES

• Extract and provide supporting schedules and information for the completion of the university’s annual financial statements
• Prepare financial statements for university-related projects, and complete statistical returns for the SA Reserve Bank and others
• Provide a service concerning budget preparation and budget variance investigation for the finance division
• Maintain the general ledger system, thereby ensuring the integrity of data and the quality of financial reporting
• Provide effective and efficient accounting/ administration and control measures in accordance with the university’s policies and procedures
• Fixed asset administration and inventory accounting, various VAT and other SARS-related returns administration forms
• Participation in month-end and year-end procedures, including internal and external audit requirements