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  • Posted: Dec 2, 2024
    Deadline: Dec 11, 2024
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    PZ Cussons is a dynamic consumer products group. We’ve created some of the world's best-loved and most trusted brands.
    Read more about this company

     

    Financial & Reporting Accountant

    The Financial and reporting Accountant reports to the Head of Finance and is responsible for providing effective supervision of the Accounts Receivable, Accounts Payable, payroll and Cash-flow and treasury services and managing liquidity both for local and foreign currency on a daily basis. Other areas include tax compliance and management to  ensure that company is in compliance with the relevant statutory requirements .

    RESPONSIBILITIES

    Tax compliance & Management

    • Ensure that all Govt taxes such as Corporation taxes, VAT,P.A.Y.E, import duty, excise duty are paid by due dates .
    • Liaising closely with tax authorities to ensure that all queries raised are addressed on time
    • Identify tax planning opportunities that may exist in the Company

    Financial Reporting

    • Developing, implementing and maintaining sound management controls to ensure compliance with overall Company control requirements.
    • Preparation of monthly management reports
    • Preparation of annual financial statements
    • Maintaining adequate systems of internal controls needed to safeguard assets, ensuring accurate financial reporting and compliance with policies and procedures.
    • Ensuring compliance with accounting systems and procedures. Ensuring financial statements and reports are prepared in compliance with statutory and other regulatory requirements.
    • Co-ordinating Annual external audits

    Maintenance of the General ledger by

    • Ensuring that all general ledger reconciliations are performed as per agreed deadlines
    • Review of all general ledger reconciliations
    • Ensure that no reconciling items are older than 1 month
    • Raise red flag on internal control issues that are likely to pose a risk to the organisation

    Payroll management

    • Internal controls around payroll are maintained/ improved
    • Ensure timely reconciliation of the payroll related control accounts in the General ledger and no reconciliation issues older than one month

    Supplier Management (Accounts payable)

    • Ensure that suppliers are paid as per agreed terms,
    • Supplier accounts reconciliations are performed on monthly basis
    • All disputed items are resolved on a timely basis and no outstanding issues older than 1 month
    • Ensure that good relationship with company suppliers is maintained at all times

    Treasury and cashflow management

    • Ensuring that there is a long-term plan for capital investment for modernization and expansion of facilities, including appraisals for capital projects, and there is in place a financing plan for such projects.
    • Managing liquidity in both local and foreign currencies on a daily basis.
    • Overseeing the preparation of daily and weekly cash flow reports.
    •  Ensuring compliance with the treasury policy.
    • Developing procedures and recommending system changes that facilitate accurate and timely completion of treasury transactions.
    • Ensure that company internal controls around cash and Bankings are complied with at all times
    • Ensure Daily bank reconciliations are performed without fail
    • Keep track of all bank charges, commissions, bank guarantee charges and other tariffs charged by the bank and ensure that they are as per agreement
    • Petty cash control and management

    Account Receivable management

    • Ensure internal controls around accounts receivable are complied with
    • Ensure that customer credit limits are strictly managed as per company
    • Ensure that exemption reports on customers with overdue accounts are generated and circulated to members of the management team on a monthly basis
    • Ensure customer statement are generated on a monthly basis and passed to National Sales Manager for onward distribution to customers
    • Ensure that customer accounts aging analysis is generated, reviewed and red flag raised on customers with overdue accounts

    People management and development

    • Demonstrate effective leadership of the team working under you
    • Managing team and individual performance through regular reviews, monitoring objectives and ensuring development needs are identified and actioned.
    • Providing clarity to the team working under you
    • Performance management
    • Put in place people development & empowerment initiatives such as training and couching

    go to method of application »

    Assistant Accountant - Credit Control

    Account Receivable management

    • Ensure internal controls around accounts receivable are complied with
    • Ensure customer account are reconciled, circularized and balances signed off with Customer on quarterly basis
    • Ensure that customer credit is managed as per company policy and Budgeted debtors days are achieved through timely collection of overdue accounts
    • Liaise with customers to ensure good customer relationship is maintained
    • Ensure that customers settle their accounts on a timely basis as per the approved terms
    • Accurate Allocation of receipts from customers.
    • Customer statement of account reconciliations
    • Ensure an exemption report of accounts with exceeded limits is generated monthly and circulated to HOF, MD and Heads of Sales
    • Ensure that exemption reports on customers with overdue accounts are generated and circulated to members of the management team on a weekly basis i.e. on Mondays after week end close
    • Ensure customer statement are generated and circulated on a monthly basis for onward distribution to customers by the 2 day after month end close
    • Ensure that customer accounts aging analysis is generated, reviewed and red flag raised on customers with overdue accounts by day 2 after month end close
    • Ensure that the debtors aging report is accurate through timely and accurate allocation of payments against invoices in SAP
    • Ensure that the AR ledger agrees with the GL control accounts (140010, 140020 & 141030) by 9th day after month end close
    • Provisions for bad debts using ECL model
    • Reconciliations for Revaluations accounts and sundry debtors on a monthly basis by WD9.
    • Resolving customers queries on a timely basis
    • Performing any other work as may be allocated from time to time

    Commercial Finance Roles

    • Maintenance and management of core trade, accruals and settlement in SAP (customer agreement management in SAP)
    • Management of Customer JPF fund and ensuring no cost overruns against set budget
    • Customer activations management and settlement
    • Ensure customers issue TIMS compliant invoices for promo and rebate payments.
    • Manage the AR/AP interface in SAP for promo/Rebate invoices posting
    • Pre and post promo analysis ensuring only projects with ROI that are in line with business expectations are implemented
    • Tradex management including monthly analysis and advising management on areas where spend can be optimized for better ROI

    Cash flow management

    • Prepare and submit to Head of Finance a cash collection forecast every Tuesday after month end close
    • Achieve >85% cash collection accuracy monthly as measured by actual cash collected versus target
    • Achieve the budgeted debtor’s day by driving cash collection in conjunction with the commercial teams

    Method of Application

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