Job vacancy Financial Manager

uMgungundlovu - Msunduzi (Pietermaritzburg)

Job Functions:

Correct Creditors Opening Balances at Beginning of Year

• Obtain audited Creditors' Listing.
• Compare audited balances with those in Pastel.
• Prepare, post and update Journal Entries for adjustments on Pastel.
• Print Creditors'' Listing and Journal Batch and file with audited Age Analysis for previous year

Rollover Inventory Balances at Beginning of Year

• Prepare, post and update Journal Entries for opening and closing balances on Pastel

Check and adjust Fixed Assets Opening Balances at Beginning of Year

• Obtain audited Fixed Assets Register.
• Compare audited balances with those in Pastel.
• Prepare, post and update Journal Entries for adjustments on Pastel for Cost and Accumulated Depreciation.

Purchases/ Creditors

• Obtain the Purchase Audit Trail from Symphonix and populate the Purchases Journal.
• Post, update and print the Journal in Pastel ensuring totals from both reports agree.
• Obtain the Creditors' Listing from Symphonix and compare with the Pastel Creditors' Listing.
• Prepare a reconciliation for individual Creditor's Accounts.
• Capture payments for authorisation and follow-up on queries with Creditors.
• Review for accuracy.

Sales/ Debtors

• Obtain the Global Summary Report from Namos and the Projections Spreadsheet and populate the Sales Journal.
• Post, update and print the Journal in Pastel ensuring totals from both reports agree.
• Obtain the Debtors' Age Analysis from Namos and compare with the Pastel Debtors' Listing.
• Prepare a reconciliation for individual Debtor’s Accounts.
• Follow-up on queries and outstanding amounts with Debtors.
• Review for accuracy.

Cash-up Adjustments

• Obtain the Cash-up Reconciliation and identify transactions that were not processed on Namos and Symphonix.
• Post, update, and print the Journal in Pastel ensuring totals from both reports agree.
• Review for accuracy.

Cashbooks/ Bank Reconciliation

• Upload bank statements into Pastel's Bank Manager.
• Allocate Receipts and payments to correct GL accounts.
• Print Bank Reconciliation.
• Review for accuracy.

Vat Returns

• Print the Vat/ Tax Report from Pastel.
• Prepare the Monthly Vat Return.
• Reconcile the amount refundable or payable with the General Ledger Vat Account.
• Review for accuracy.

Payroll

• Obtain the Payroll Monthly Summary Reports for both Salaries and Wages.
• Post, update, and print the Journal in Pastel ensuring totals from both reports agree.
• Review for accuracy.

Monthly Payroll Statutory Returns

• Prepare monthly statutory returns using the relevant General Ledger Accounts.
• Review for accuracy.

Fixed Assets/ Depreciation

• Update the Fixed Assets Register for additions and disposals.
• Calculate monthly depreciation per category of asset using the accounting policy included in the audited AFS.
• Populate the Journal, post, update and print in Pastel.
• Agree totals in the FAR with the relevant General Ledger Accounts.
• Review for accuracy.

Hire Purchase Agreements/ Bonds/ Finance Charges/ Interest Paid

• Obtain the Hire Purchase/ Bond Statements.
• Populate the Journal, post, update and print in Pastel.
• Agree totals per the Statements to the relevant General Ledger accounts.
• Review for accuracy.

Inventory

• Obtain the Symphonix Profit Report.
• Journalise Opening and Closing Inventory totals from the report.
• Review for accuracy.

Print Trial Balance and General Ledger

• Review every Balance Sheet Account for correct posting in Pastel.
• Review critical and/ or high-value Income Statement Accounts for correct posting in Pastel, e.g. 12 months income and expenses are recorded.
• Process Adjusting Journals in Pastel and attach supporting documents.

Perform GL Reconciliations

• Prepare a Working Paper for each Balance Sheet Account.
• Attach supporting documents as evidence that the balances are correct.
• Process Adjusting Journals in Pastel and attach supporting documents.

Compile Working Paper File

• Print and file Working Papers.
• Obtain authorisation from CEO.
• Make a copy of the file and submit to Auditors.

DBN002849

15 May, 2024 (15 days left)