Senior accountant
Nasser Lootah Real Estate
مجموع سنوات الخبرة :19 years, 9 أشهر
Prepare and distribute monthly financial reports - prepare monthly journal entries, financial statement preparation, and bank reconciliations.
Analysis of actuals vs budgets for discussion with manager
Maintain and balance intercompany accounts by verifying, allocating, posting and reconciling transactions
Preparation of weekly and monthly cash flow
Responsible for preparing month-end and year end closing
Oversee Accounts Receivable process - monitor cash receipts, review and bill tenant recurring charges and billing adjustments and perform tenant ledger reconciliations.
Accounts receivable analysis for discussion with General Manager
Maintain and reconcile Fixed Assets Register
Assist in year-end audit and resolution of audit queries
Coordinate Accounts Payable process - review invoice coding and approvals, and ensure proper audit trail is in place.
Assist with annual budget preparation
Responsible for the implementation of vat in our current business unit.
Debonairs Pizza is the leading take-out and home delivery chain in Africa with a rapidly growing footprint of over 500 restaurants both locally and internationally, the brands innovation, quality and service as seen the brand win many accolades as a Franchisor.
Steers is South Africa Leading burger brand for almost 50 years, winning the Leisure Award for the best burger for the past 18 years.
Responsibilities:
o Preparation of Annual Financial Statements to IFRS (SME's)
o Preparation of monthly reports
o Calculation of Vat, Provisional and employee tax for submission to the local authorities
o Calculation of salaries and submission to staff
o Preparation of monthly budgets
o Actuals to budgets are monitored and discussed with managers on a daily basis
o Daily verification of stock take exercise performed by managers.
o Daily monitoring of stock variances and follow up with the responsible manager
o Verification of Cash-ups
o Control of food cost and stock wastage
o Handling customer complaints
o Staff training where deviation to Brands operational standard
o Stock ordering to budget
o Implementation of internal controls were breach of controls as taken place
o Compliance with Labour Relational Act, Occupational Health and Safety and Fire and Safety act of South Africa
o Employee files are updated to ensure each employee was a valid contract and work permit
Strate is South Africa's Central Securities Depository that provides post-trade products and services to the financial markets. Strate provides electronic settlement of equities and bonds transactions concluded of the Johannesburg Stock Exchange.
Responsibilities were :
Fixed Assets
Additions, Disposals, Depreciation, correct residual values, general ledger reconciliation, Internal controls over fixed assets
Taxation
Calculating and disclosing current and deferred tax in Management accounts and annual financial statements
Calculation and payment of Provisional tax
Calculation and payment of Company taxation
Management (Monthly) accounts
Ensuring the accurate preparation of management accounts on a monthly basis.
Ensuring all variance between actual and budget are appropriately explained.
Ensuring that all balance sheet accounts are supported by the necessary documentation and reconciled back to the general ledger.
Annual Financial Statements (AFS)
Preparation of the AFS and ensuring compliance with IFRS
Gathering of compliance reports for inclusion in the AFS, (various corporate governance reports)
Correspondence and resolution with our Auditors (KPMG) with regard to any queries.
Preparation of all notes to the AFS, in compliance with IFRS.
Preparation of Interim Financial Reports (six monthly)
Budgets and Forecasts
Assisted in the preparation of budgets of smaller departments.
Sunpie Foods manufactured and supplied pies to various catering companies in South Africa
Responsibilities
o Provided technical guidance and expertise to staff for day-to-day
management of accounting activities within areas of specialty
o Reviewed and discussed creditors and debtors reconciliations with CFO
o Ensured maintenance of computerized accounting system and chart of accounts,
Applying adequate backup and control procedures
o Review bank reconciliations and discuss reconciliations with accountant
o Maintain and update fixed asset register for monthly accounts
o Raised journal entries: depreciation and finance costs
o Raised lease journal and calculate amortization table
o Branch accounting, raise journals for sales, debtors, cash
o Reviewed and verified payment vouchers, journals, receipt vouchers
o Identified process gaps and implemented internal control measures to mitigate the risks
o Prepared and analysed monthly financial reports, profit and loss accounts, balance sheets and cash flow statements
o Ensured smooth audit processing and prepared draft Annual Financial Statements in compliance
with IFRS
o Liaised with auditors and resolve audit queries
This was a joint venture between Sasol Oil and Nambia for the supply of Fuel in Nambia
Responsibilities
Vendor reconciliation and payment
o Billing of customers
o Management accounts
o General Ledger reconciliations
o Cash flow
o Vat calculation, preparation and submission to the receiver of revenue
o Liaising with third parties(Banks, Namibian revenue service and external auditors)
o Preparation of annual financial statements
JH Smilg and Company, is a firm of accountants and auditors were i served my internship
Responsibilities
Financial accounting
Collection of input documentation (relating to financial transactions.)
Recording of financial transaction
Preparation of financial statements
Applying the relevant accounting standards and Companies Act requirements to financial statements
Auditing
Evaluating and testing internal controls- Establishing and testing the adequacy of accounting systems
Ensuring compliance with statutory procedures
Drafting internal reports and similar reports
Reason for Leaving:
Needed commerce experience
Post Graduate degree in Accounting