Chief Accountant

About the position

Primary purpose of the job

The chief accountant position is accountable for the accounting operations of the company, to include the production of periodic financial reports, maintenance of an adequate system of accounting records, and a comprehensive set of controls and budgets designed to mitigate risk, enhance the accuracy of the company's reported financial results, and ensure that reported results comply with generally accepted accounting principles or international financial reporting standards (for SLG IFRS for SME’s).

Minimum requirements

• Minimum Qualifications : CA(SA)
• Minimum Experience: At least 5 years in a similar role

Detailed profile

Management (Staff and General)

• Maintains a documented system of accounting policies and procedures
• Manages outsourced functions
• Oversees the operations of the accounting department
• Oversees the accounting operations of subsidiary corporations
• Designs organisational structure to ensure achievement of departmental goals and objectives
• Supervises all accounting staff

Management (Transactional)

• Ensures that all reasonable discounts are taken on accounts payable
• Ensures that accounts receivable is collected promptly
• Ensures that periodic bank reconciliations are completed
• Ensures that required debt payments are made on a timely basis
• Maintains the chart of accounts
• Maintains an orderly accounting filing system
• Maintains a system of controls over accounting transactions

Reporting

• Issues timely and complete financial statements
• Coordinates the preparation of the corporate annual report
• Manages the production of the annual budget and forecasts
• Recommends benchmarks against which to measure the performance of company operations
• Calculates and issues financial and operating metrics
• Calculates variances from the budget and report significant issues to management
• Designs and implements a system of management cost reports
• Provides financial analyses as needed, for capital investments, pricing decisions, and contract negotiations

Compliance

• Coordinates the provision of information to external auditors for the annual audit
• Monitors debt levels and compliance with debt covenants
• Ensures compliance with local, state, and government reporting requirements and tax filings

General

• Oversees the financial operations of subsidiary companies
• Implements operational best practices
• Oversees the issuance of financial information
• Constructs and monitors reliable control systems
• Maintains banking relationships
• Represents the company at all times

 

Desired Skills:

• Financial Statements
• IFRS
• Reporting
• Taxation

Employer & Job Benefits:

• Medical Aid Contribution
• Provident Fund Contribution
• Performance Bonuses