Job Description

Background
President Hyper is looking for a young and dynamic accountant to join their team in supporting the Financial Manager and taking ownership of one of 4 stores.
Role Purpose
The purpose of the Senior Accountant role is to guarantee the accuracy, compliance, completeness, and timeliness of the organisation's financial information. This role involves analysing historical data, delivering precise and compliant reports to internal and external stakeholders, and upholding high standards of financial accountability. Specialized knowledge in finance, strong cost accounting, common sense analytical skills and accounting within the framework of OK Franchise operations is essential for this position.
Job Advert Details
Job Category Accounting
Job Objectives
General Ledger Management

• Maintain the general ledger (GL), which serves as the central repository for financial transactions
• Record all financial transactions accurately and timeously
• Take full ownership of the accounting functions for the store and ensure that IFRS standards are adhered to
• Communication and collaboration with various departments to ensure the accounting records are compliant with the needs of the aforementioned departments
• Extract data from the GL to provide insights into the store's financials
• Reconcile GL accounts, especially balance sheet, by comparing internal records with external sources
• Ensure monthly general ledger reconciliations are completed and submitted timeously
• Take initiative to manage control/provision accounts for the purposes of keeping track of various regional projects

Trade and Operations (Finance and Operations)

• Review and monitor trade summaries, with operational team, on a weekly and monthly basis
• Ensure daily cash-up reports and bank recons are captured and reconciled and reported
• Monitor, review and assist operational manager with key information like shrinkage, wastage, outstanding deposits, stock holding, voids, etc.
• Ensure accurate record keeping of stock and report on stock movements like negative stock on hand, low margin items, etc
• Report on Stock take results
• The candidate will support internal management on efficiency and pricing of departmentally produced products
• Analize costs of production (service departments) to facilitate decision making regarding pricing in order to maximize profitability and reduce costs
• Work hand in hand with bakery, deli and butchery managers in the pursuance of optimal business efficiencies
• Communicate with our point-of-sale provider to enhance relevant reports in pursuance of corporate governance

Financial Reporting Preparation:

• Gather pertinent financial data, including transaction records, invoices, and bank statements
• Categorise and organise the data and information appropriately
• Compile management statements on a monthly basis summarizing and analysing revenue, expenses, net income and all income statement line items pertaining to the store over a specific period
• Capture of monthly and ad-hoc expenses (like rental, utilities, maintenance, cleaning, etc) to ensure we can report on profitability of the store
• Ensure all supplier income, trade terms and ad-hoc, is recovered and accounted for in line with IFRS standards
• Prepare, capture and maintain fixed asset register where applicable
• Ensure accuracy of balance sheet specific to Bank recon and Trade Payables linked to OK Franchise division

Stakeholder Management and Partnerships:

• Maintain strong relationships with Operations team and OK Franchise Head Office, providing financial guidance and support as needed
• Excellent people's skills are required to maximize efficiencies for Rustenburg (and the broader group)
• Participate in meetings and discussions with internal and external stakeholders to address financial concerns and objectives

Banking / Payments / On-Boarding new vendors:

• Reconcile daily bank balance
• Assist and check weekly, monthly payments to all vendors
• Assist with obtaining Quotes, where needed and execute approval framework as provided
• Onboard new vendors in line with approval framework
• Review, maintain and renew any agreement up for renewal

Budget Preparation:

• Assist the Financial Manager with the compilation of the budget
• Prepare Income & Expense budget based on guidelines, market trends, prior year trends and any known factors at time of budget
• Ensure that the required growth & profit margins are achieved as per instruction

Audit Preparation:

• Maintain and update records on a regular basis to ensure a smooth audit
• Monitor developments instituted by regulatory bodies and remain updated to ensure accurate financial reporting
• Manage timelines to ensure accuracy and timely delivery of audit review
• Working closely with the audit function to ensure that all risks and related areas of reconciliations are identified for audit purposes - and communicating with, participating in and supporting all audit activities and closing of findings etc.
• Financial Statement preparations

Qualifications

• Bachelor's degree in finance or related field (essential) - CA(SA) (preferred) / CIMA.

Experience

• +4 years of experience in an Accounting or equivalent role - (essential).
• +2 years of experience in Cost management (focus on stock and production) - (preferred).
• Experience within the FMCG, retail sector or similar - (preferred).
• Familiarity with accounting software - SAGE - (preferred).
• Familiarity with retail software - Arch - (essential).

Knowledge and Skills

• Advanced proficiency in Microsoft Excel.

Skills Required