Assistant Financial Accountant - Creditors(2023)
Listing reference: petro_000106
Listing status: Closed
Apply by: 20 July 2023
Position Summary
Industry: Chemical, Petrochemical, Oil & Gas
Job category: Accounting, Auditing
Location: Cape Town
Contract: Permanent
Remuneration: Negotiable
EE position: Yes
Job Description
Job Purpose: Perform accounts payable activities in compliance with company policies and accounting practices to ensure suppliers are paid on time and no penalties are incurred.
Responsibilities:
- Perform accounting services such as preparing journals for posting/ authorisation in ledger, account reconciliations, manage and clear the ‘Goods Received Not Invoiced’ account, investigate, and escalate financial related discrepancies for resolution, to ensure journals and reconciled accounts are completed accurately and timeously.
- Prepare cash flow forecasts for accounts payable within agreed percentage deviations and accurate cash flow forecasts are presented to Treasury in accordance with PetroSA’s policies and procedures to ensure the optimal management and utilisation of cash.
- Maintain and control master records in accordance with PetroSA’s policies and procedures to ensure accounts payable/ general ledger is stored and updated in a controlled environment.
- Process payments to creditors timeously in compliance with credit terms and ensure that all exceptions are investigated and resolved, and vendor reconciliation is reviewed and approved before payment runs to ensure suppliers are paid on time and discounts are optimised.
- Perform general ledger reconciliation and identify, investigate, and resolve discrepancies in accordance with accounting practices and regulations to enable the alignment of financial transactions to tax returns.
- Participate in testing and approve system changes, incorporating user requirements and provide training and support to users to ensure transfer of skills and optimal utilisation of the system.
- Calculate creditors days for monitoring of payment terms and inclusion in the quarterly divisional scorecard to ensure that performance is monitored.
- Prepare quarterly intercompany and related party confirmations to ensure accurate and complete consolidation of the PetroSA group.
- Verify the release strategy requirements on behalf of the business to ensure that transactions are released at the correct levels.
- Provide an advisory service to customers on financial information relating to statutory information and on the implementation of financial systems and related policies and procedures, to ensure quality customer service and alignment of business initiatives to financial system requirements.
Minimum Requirements
Minimum Qualifications:
- National Diploma in Accounting
Minimum Experience:
- 3 - 5 years related creditors experience
- SAP experience would be an added advantage.
Knowledge & Competencies:
- International Financial Reporting Standards (IFRS)
- Generally Acceptable Accounting Practice (GAAP)
- Public Financial Management Act (PFMA)
NB: As part of our recruitment process, candidates will be required to undergo Vetting/Security clearance.
PetroSA is committed to Equality, Employment Equity, and Diversity regarding employment opportunities and accordingly preference will be given to historically disadvantaged groups.