Senior Accountant at South African Heritage Resources Agency (Sahra)

About the position

JOB TITLE: Senior Accountant.
DEPARTMENT: Financial Management.
LOCATION: Cape Town.
Salary per annum: C4 - R327 209.00 per annum (basic salary).
Closing date: Wednesday, 28 June 2023 at 5PM.

PRIMARY PURPOSE OF THE JOB:
To provide administrative financial assistance in the expenditure accounting process/activities that include creditors, reconciliation, payment of suppliers, and systems implementation to ensure accurate and complete information of expenditure accounting and that the organization achieve its set objectives.

KEY PERFORMANCE AREAS:
KPA 1: Accounts Payables Management.
KPA 2: Accounts Receivables Management.
KPA 3: Expenditure Management.
KPA 4: Revenue Management.
KPA 5: Budget function..
KPA 6: Financial Statement Preparation.
KPA 7: Audit Preparation Function.

KEY PERFORMANCE AREAS:
Accounts Payables Management:

• Review of creditors' reconciliation and underlying supporting document prior to payment.
• Review of the open orders and payables statements and reconciliation.
• Review of correcting and re-allocation journals.
• Review of year-end journals for the accounting of accruals.
• Review payment packs to ensure compliance with SCM and delegation of authority before payments are processed.
• Reconciled monthly creditors' ledgers.

Accounts Receivables Management:

• Review of debtors' reconciliations.
• Review of correcting and re-allocation journal.
• Review of deposit refunds on rental debtors.
• Management of the prepayment and advances accounts through the review of the ledger accounts and clearing of the related suspense accounts.
• Review the provision for debtor write offs at year end.
• Review of advances transactions before payments.
• Reconciled monthly debtors' ledger.

Expenditure Management:

• Review of the expenses accounts to correctly ensure classification of expenditure items into the appropriate accounts.
• Review of correcting journals for erroneous posts.
• Review of repairs and maintenance accounts to ensure no asset items have been expensed.
• Review of Payroll for Accuracy, validity and completeness of information before processing and subsequent review after processing.
• Prepared monthly Journals for lease Straightlining.
• Accurate and correctly classified expenditure ledger accounts.

Revenue Management:

• Review the revenue accounts and ensuring appropriate classification and accurateness of amounts.
• Review of journals to ensure the correct classification and accuracy of the revenue amount.
• Accurate revenue ledger balance.

Budget function:

• Assist the expenditure analysis for budgeting processing.
• Assist in preparation of quarterly DAC and treasury reports populating actual revenue and expenditure as well as cashflow details.
• Accurate revenue ledger balance

Preparation of Financial Statements:

• Review of all Accounting Policies for compliance with the GRAP reporting Framework and application of the new Standards.
• Open Balance testing for Completeness and valuation.
• Review unusual movement on the balance sheet and obtain valid explanations in a process called Analytical review.
• Reconcile the movement on the balance sheets` retained earnings/Accumulated surpluses and deficit to the Statement of Changes in Equity and the Revaluation Reserve.
• Prepare the Statement of changes in Equity and Account for the Correction of errors and changes in Accounting Estimates.
• Prepare the Cash-flow Statement.
• Prepare the Budget Statement in compliance with GRAP 104.
• Prepare the estimates working paper for Provisions and perform the Amortization of Financial Instruments and disclose in the Financial Statements.
• Perform completeness tests for unrecorded liabilities.
• Prepare All Notes to the Financial Statements to support the disclosures on the Statement of Financial Position and the Statement of Financial Performance.
• Complete the Disclosure notes and reconcile to the supporting documentation.
• Review of routine, non-routine Journals and Annual Financial statements Correcting Journals.
• Prepare the National Treasury Financial Statements and reconcile to the GRAP compliant Financial Statements.
• Review all Working papers supporting the balances disclosed in the Financial Statements.
• Prepare the financial section of the Department of Arts and Culture Quarterly reports which include The Statement of Financial Position, Statement of Comprehensive Income and Cashflow Statement.
• Prepare of the financial section of the Financial Reports to National Treasury.
• Unqualified Audit opinion.

Audit Preparation Function:

• Prepare interim audit supporting information.
• Prepare year end audit packs.
• Provide information required by auditors to ensure the audit queries are resolved in time to enable audit reporting.
• Monthly reconciliations supported by sufficient documents.
• Unqualified Audit opinion.

JOB REQUIREMENTS:
To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

EDUCATION and/or EXPERIENCE:
At least a post graduate degree in Accounting and completed articles.
Minimum of 3 years' work experience in a Financial Management role with a minimum of Supervisory or Management role.

Other skills required:

• PFMA.
• Treasury Regulations.
• Relevant legal frameworks.
• Accounting frameworks GRAP and GAAP.
• Accounting Packages e.g., Accpac/Pastel.

LANGUAGE SKILLS:
Ability to read and interpret documents such as safety rules, operating and maintenance instructions, and procedure manuals. Ability to write routine reports and correspondence. Ability to speak effectively before groups of customers or employees of organisation.

NUMERICAL SKILLS:
Ability to apply advanced mathematical concepts such as exponents, logarithms, quadratic equations, and permutations. Ability to apply mathematical operations to such tasks as frequency distribution, determination of test reliability and validity, analysis of variance, correlation techniques, sampling theory, and factor analysis.

REASONING ABILITY:
Ability to solve practical problems and deal with a variety of concrete variables in situations where only limited standardisation exists. Ability to interpret a variety of instructions furnished in written, oral, diagram, or schedule form.

PROFESSIONAL REGISTRATIONS:
AGA (SA) or Higher.

LICENSES:
A valid Code EB (08) driver's license.

COMPUTER SKILL:
Computer literacy regarding the use of Excel, Word and Power Point and relevant Accounting Packages.

PHYSICAL DEMANDS:
The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

While performing the duties of this Job, the employee is:

• Occasionally required to stand.
• Regularly required to sit.
• Often to talk and hear.

Specific vision abilities required by this job include close vision.

WORK ENVIRONMENT:
The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

The noise level in the work environment is usually moderate.

Desired Skills:

• AGA (SA)
• PFMA
• Treasury Regulations
• GRAP
• GAAP
• Accpac
• Pastel

Desired Qualification Level:

• Degree