Junior Financial Accountant Balance Sheet

Competencies: 

• Applying expertise and technology  

• Analytical and logical thinking  

• Ability to work under pressure and manage crises situations. 

• Planning and Organizing  

• Delivering results and meeting Internal customer expectations  

• Following Instructions and policies and procedures  

• Adapting and responding to change  

• Achieving personal work goals and objectives  

Duties: 

The Financial Accountant- Balance Sheet is accountable to process all first book entries correctly as well as various financial functions as required. 

• All duties and tasks must be undertaken in accordance with company policies and procedures. 

Monthly Processing: 

• First level processing all related activities and reconciliations:                    

  - Intercompany  

  - Balance sheet focus: 

• VAT control Recons 

• Payroll 

• Intercompany  

• Dividends Tax payable Recon 

• SARS compliance 

• Finance Leases 

• Fixed Assets 

• Shareholder Buy backs 

• LMS Loans 

• Assisting with the bank Recons 

• Funding / Loans (Short & Long) 

• JV processing 

Weekly Duties: 

• Prepare the Intercompany Recons.                 

• Keep all filing up to date - hardcopy & server. 

• Ensuring all admin schedules checklists and other items are up to date on the server. 

• Ensure the balance sheet is clean.  

• Capitalize the Fixed Assets. 

Month-end Procedures: 

• Assist with other monthly journals (accruals etc.) for in preparation of monthly management packs.       

• Processing month-end General Journal (GL) entries in Xero 

• Allocate the depreciation per branch. 

• Prepare the payroll journals for the month. 

• Compile the variance analysis for the GL & BS Team 

• Prepare schedules with relevant support for month-end procedures or audit preparations as required.      

• Review GL details and ensure appropriate allocation of all processed items.            

• Prepare and place focus on the Balance sheets for the GL & BS Team 

• Train the treasury team for the remaining balance sheet recons 

• Prepare the intercompany balances and transactions schedule (including obtaining all intercompany confirmations). 

• Assisting with the Dividends tax payable    

• Assisting with the JV Journals 

• Assisting with the VAT verification and the VAT submissions     

• Understanding and interpreting management accounts 

• Draw up schedule (per GL) and reconcile prior to prior months.  

• Splitting the liabilities between short- and long-term funding 

• Shareholders buy back recons. 

• LMS / Director loans 

Additional ad-hoc & Annual: 

• Assist Accountant with ad-hoc monthly reconciliations problem solving and any other urgent tasks.        

• Preparing electronic audit files for year-end audits assisting with BEE Audits                 

• Preparing documents for VAT applications to be submitted for new companies. 

• Clean up process for various transactions. 

• Assisting with documenting or updating processes  

• Assisting FMs with relevant tasks and schedules. 

• Reviewing and assisting with the Snyman Trust 

Technical Requirements: 

• Demonstrates intermediate technical knowledge as to the VAT Act when items can be claimed which codes to use for processing in Pastel and how to address VAT audits with SARS. 

•  Illustrates a basic knowledge of the Income Tax Act regarding company tax regulations calculations and considerations. 

Stakeholder Management:  

Customer Relations:  

• Foster and maintain sound internal and external customer relations. 

• Resolve customer queries/complaints.  

Service Provider Relations:  

• Foster and maintain sound service provider relations.

Compliance: 

• Ensure that you are familiar with the relevant procedures and instructions prescribed in Finance manual.  

• Compliance wise with SARS all notices EMPs VAT and IT. Ensuring tax compliance across the company has been filed and kept up to date. 

Other: 

• Perform related tasks as required by management. 

Training new staff members in bookkeeping positions as and when required. 

Qualifications :

Minimum Requirements: 

• Grade 12 

• BCom degree in Accounting preferred studying towards a degree. 

• NQF 6 (Diploma and or Advanced Certificate) in Accounting or Bookkeeping qualification will be considered. 

• Intermediate to Advanced MS Office (Excel Word PowerPoint Outlook)   

• Xero (modules required for position). 

Experience required: 

• At least 2 5 years experience in similar position 

• Must have exposure to group consolidations.  

• Pay attention to detail. 

Additional Information :

Why Join Labournet

At Labournet youre joining more than a company - youre becoming part of a platform built to empower people and drive purpose. With over 28 years of innovation in compliance and people solutions we invest in our employees so they can grow make a national impact and help shape the future of work across South Africa.

What We Offer:

• Youll obtain a wealth of experience and knowledge at a much faster pace than you would in an internal compliance-focused role due to our national footprint across different industries.
• Youll have access to structured career paths accredited training performance coaching and mentorship to support your professional growth.
• Youll be part of a team that drives compliance and transformation across South Africa giving your work real purpose and impact.
• Youll benefit from hybrid work options and a culture that supports work-life integration because we believe wellbeing fuels performance.
• Youll enjoy competitive salaries holistic benefits and a lucrative sales commission policy.
• Youll thrive in a collaborative tech-enabled environment where we value output over hours and encourage innovation at every level.

How We Work

Gone are the days of rigid office hours and long commutes. Our hybrid working model allows teams to co-create flexible arrangements that support productivity and personal well-being.

Who We Are:

Labournet is a proudly South African company offering integrated solutions in Payroll Labour Law Health & Safety Transformation Training Technology and Commercial Compliance. We serve over 6500 businesses nationwide helping them stay compliant and competitive.

Remote Work :

No

Employment Type :

Full-time