For the Green Thread Manufacturing Pty Ltd reporting into the finance department A Junior Accountant in a manufacturing setting typically has a broad range of responsibilities related to accounting and financial management. The responsibilities include the following but not limited to:
Compile and analyze financial information related to manufacturing operations.Generate monthly, quarterly, and annual financial reports for management review.Prepare income statements, balance sheets, and cash flow statements specific to the factory's financial activities.Monitor and report on key performance indicators (KPIs) related to manufacturing costs, efficiency, and profitability.Coordinate and oversee regular stock takes to ensure accurate inventory valuation.Analyze stock variances and investigate discrepancies in physical inventory counts.Collaborate with warehouse and production teams to reconcile stock discrepancies and implement corrective measures.Evaluate the accuracy of stock take results and identify any potential issues or trends.Calculate Value Added Tax (VAT) payable based on sales and purchases.Prepare detailed VAT returns in compliance with local tax regulations.Ensure accurate and timely filing of monthly VAT returns.Ensure adherence to accounting standards, tax regulations, and company policies.Maintain accurate and organized financial records and documentation.Gather and organize financial documents, records, and relevant information required for the audit. Respond to auditors' queries and deliverables.Preparing annual financial statements requires a combination of technical accounting skills, attention to detail, adherence to regulatory standards, and effective communication with both internal and external stakeholders.Maintaining the Fixed asset register including adding and retiring assetsPrepare accruals and prepayment journal schedules.Perform manual ad-hoc invoicing for the factory.Reconciling of Foreign shipments and journals where required.Calculation Foreign stock in Transit.Processing receipts to AR and matching to invoices.Process receipts and payments not integrated from banking system.Reconcile all foreign AP supplier accounts.Reconcile all payroll accounts to payroll system.Prepare annual budget and monthly income statement forecast.Prepare tax schedules at year end.Experience requirements A financial degree in accounting/CIMA/SAIPA.Minimum 3 years experience in a finance teamManufacturing background advantageous.Knowledge of IFRS.Strong analytical ability and attention to detail.Ability to perform well under pressure.Characteristics needed Deadline driven.Process and system focus.Good team player and able to work independently.Excel intermediate understanding.Please note: The Cape Union Mart Group is committed to transformation. Appointments and promotions will be made based on candidates who best meet the requirements for the position. Preference will be given to candidates who will enhance the diversity of the team, aligned to our Employment Equity plan.
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