A well established company based in Port Elizabeth is seeking a Assistant Client Accounting Manager.

Duties:

•    Supervise and initiating the processing of client information cheques, receipts, sales invoices, purchase invoices
•    Perform bank reconciliations
•    Processing and reconciling of Petty Cash and cash control accounts
•    Keeping of a fixed asset register
•    General journals – e.g. depreciation, provisions, interest, salaries, stock, etc.
•    Process journal entries e.g. new instalment sale agreements, interest on borrowings, provisions, accruals of income and expenses, bad debts ect.
•    Distinguish between finance and operating leases.
•    Foreign exchange transactions
•    Reconcile debtors and creditors statements.
•    Correct accounting treatment on disposal of assets (property, plant & equipment) and investments and the calculation of the taxation on capital gains/losses.
•    Analyse the resulting trial balance for mistakes / deviations and be able to discuss the results with the client.
•    Analytical review of AFS – GP%, Inventory days, Creditors days, Debtors days
•    Ability to record books from insufficient records.
•    Produce a draft set of financials according to generally accepted accounting practice and a working paper file according to the standards per the training file for sole proprietors, close corporations, trusts, partnerships, small business corporations, farmers and Body Corporates.
•    Prepare the notes to financial statements
•    Formulate accounting policies
•    Identifying provisions and contingent liabilities
•    Calculate the tax liability for sole proprietors, individuals, close corporations and trusts, small business corporations, farmers, Body corporates and partnerships.
•    Calculate the taxation on lumpsum payments by retirement
•    Tax planning – e.g. fringe benefits and allowances
•    Tax avoidance / Non-resident tax
•    Calculation of PAYE/UIF/SDL and VAT.
•    Completion of statutory returns e.g. UIF/SDL/PAYE/VAT.
•    Liase with client re payment of the above returns.
•    Preparations of payroll.
•    Issuing of IRP5’s and IT3’s and reconciliation to IRP501 at year end.
•    Reconciliations of input/output VAT to annual financial statements and monthly trial balances
•    Compiling and discussing with the client of monthly management accounts.
•    Complete a tax return for individuals, close corporations, trusts and body corporates.
•    Recording and identifying short comings in internal controls
•    Identifying risks and calculate materiality
•    Statutory checks – member’s certificates, founding statements, association agreements etc.
•    Pre-engagement procedures
•    Acquisition of member’s interest / shareholding
•    Review the monthly files of junior to intermediate accountants
•    Completion and review of Management representation letters
•    Qualifying the report of an Accounting Officer
•    Other
•    Concept and characteristics of close corporations / private company / sole proprietor / trusts / clubs / sectional titles
•    Advantages and disadvantages of the above
•    Loans to members of the above
•    Powers of members to bind the above
•    Personal liability of members to CC / company and others
•    Accounting records to be maintained
•    The duties and rights of an accounting officer
•    Provide assistance to junior and intermediate accountants
•    Any other duty/work/client that is not the normal run of the mill activity e.g.  and is of a more complex nature
•    Assist in the running of the Accounting department with proposals ect.
•    Provide and develop training to junior and intermediate accountants
•    Perform basic administrative duties as needed on a day to day basis
•    Review the working papers of junior to intermediate accountants.
•    Set-up of accounting systems for clients
•    Suitable hardware and software
•    Training of client staff in using the software (Pastel and Xero)

•    Keep up to date with changes in:
•    Taxation (Income tax, Value Added Tax)
•    IFRS (International Framewok of Reporting Standards)
•    Basic knowledge of FAIS Act / FICA Act / DTI-Incentive programmes / Labour laws
•    Client/Employee confidentiality to be maintained
•    Display a courteous and respectful attitude towards other staff members, partners and clients at all times
•    Deadlines need to be met and you will then be required to work extended hours from time to time.