Financial Accountant

We are looking for a Financial Accountant to join the team.

• Process all import documentation relating to foreign exchange.
• Process all foreign exchange transactions and journal entries relating to forward cover
• Ensure cover is taken immediately upon invoice by the foreign supplier
• Ensure all invoices are covered by reconciling these monthly between the supplier statement and the FEC report
• Prepare Creditor Recon for Foreign Creditors.
• Manage any other ad hoc sundry foreign exchange matters.

• Complete and upload actual monthly results into Reunert’s One Stream reporting tool.
• Review the annual audit pack.
• Prepare internal cost centre reports for review by departmental executives.
• Complete required statutory reporting as required
  -STATS SA and SARB as requested by the entities.
• Ensure that all accounting entries are compliant with IFRS.
• Identify new accounting standards, analyse the impact, and ensure these are implemented effectively.
• Review classification of expenses and reallocation where required.
• Calculating and journal provisions for stock obsolescence in line with company policy and IFRS
• Perform ECL (Expected Credit Loss) calculations in accordance with IFRS 9 requirements and Reunert policy
• Prepare goodwill impairment assessments and calculations in line with IAS 36 requirements
• Contribute to the enhancement of financial processes, controls and structure to support improved financial performance and integrity.
• Prepare the monthly financial board pack, ensuring accuracy, completeness and alignment with reporting timelines.
• Assist the Group Financial Manager with various ad hoc analyses, tasks and projects as needed.
• Compile annual financial statements for Nashua Holdings and ensure timely resolution of related queries

• Complete assigned balance sheet recons monthly.
• Review general ledger reconciliations to ensure that these are prepared correctly, and reconciling items are resolved timeously.

• Complete and submit of the annual audit pack.
• Respond to queries from internal and external Auditors.

• Allocate GL accounts correctly on the Income Statement and Balance Sheet.
• Prepare journals on the system and include supporting documentation.
• Conduct regular checks on the system to ensure invoices are allocated to the correct GL accounts.

• Compile and complete the cash flow forecast and ensure accuracy in cash to be
  receipted/collected.
• Review Cash forecasts received from franchises and ensured that forecasts are compiled in accordance with Reunert guidelines.
• Review upcoming payments and ensure there are sufficient funds to cover said payments.
• Liaise with Reunert in regard to requests for fund transfer based on the working capital requirements.

• Collaborate with Group Financial Manager to compile monthly forecast for the Balance Sheet and Income Statement.
• Upload forecast results on One Stream and ensure all schedules are completed monthly.
• Prepare an overview of monthly costs against forecast/budget figures and share with the relevant departmental heads.

• Manage the Accounts Payable process and ensure that supplier invoices are processed accurately and timeously.
• Ensure that invoices approved are completed in accordance with company policy.
• Manage the Creditors team and ensure timeous payment of supplier invoices and resolution of queries.
• Liaise with relevant departments to ensure timeous resolution of queries.
• Approve and release payments on a scheduled and ad hoc basis in line with company policy

• Encourage and reinforce the organisation’s values, leadership principles and Top Employer strategies.
• Ensure an open, harmonious, and motivated work environment that reflects the organisation’s leadership philosophy (Nashua Leadership Code).
• Manage the performance of all direct reports ensuring that regular feedback (biannual KPI goal setting and reviewing), coaching and mentoring is given/received thereby enabling continuous improvement.
• Ensure the recruitment of appropriately skilled staff to key positions.
• Ensure that the talent review and management…