Assistant Financial Accountant
Stellenbosch, Western Cape, South Africa
Full Time
Experienced
ROLE OVERVIEW
The Assistant Financial Accountant will play a key role in supporting the finance team in the day-to-day accounting operations of the business. This includes assisting with asset capitalization, general ledger maintenance, month-end reporting, and other accounting duties to ensure accurate financial information for management and compliance purposes. The role is ideal for someone looking to grow their accounting experience within a dynamic, fast-moving Quick Service Restaurant environment.
ROLE PURPOSE
To support the accountant by performing accurate and timely accounting tasks, with a focus on fixed asset management, reconciliations, financial reporting, and compliance. This role will ensure that financial information is properly recorded, monitored, and reported to assist with operational decision-making.
DUTIES/ RESPONSIBILITIES
- Fixed Asset Management & Capitalization:
- Assist in identifying, reviewing, and recording new capital expenditures in accordance with company policy and accounting standards.
- Track depreciation and assist with monthly depreciation calculations.
- Support periodic asset audits and reconciliations.
- Assist with scrapping or disposing of fixed assets.
- Financial Accounting & Reporting:
- Post journal entries to the general ledger accurately and timely.
- Assist with month-end and year-end closing activities.
- Prepare supporting schedules for financial statements, including accruals, prepayments, and reconciliations.
- Accounts Receivable and Payable Support:
- Assist with processing invoices and payments.
- Reconcile supplier statements and ensure accuracy of balances.
- Assist with accounts payable processing, vendor statement reconciliation, and accruals.
- Support collection processes and ensure customer accounts are reconciled.
- Compliance & Controls:
- Ensure all financial transactions comply with company policies and relevant accounting standards (IFRS for SMEs).
- Assist in maintaining proper documentation and internal controls for all accounting processes.
- Ad hoc Support:
- Assist in financial projects or system implementations (e.g., ERP upgrades).
- Respond to ad-hoc accounting or audit queries.
- Support the finance team with other tasks as required.
REQUIREMENTS
- Bachelor’s degree in accounting, finance, or equivalent.
- 2–3 years’ relevant accounting experience (preferably in QSR environment).
- Knowledge of accounting principles, fixed asset accounting, and depreciation methods.
- Experience with ERP systems (e.g., SAGE X3) is advantageous.
- Strong Excel skills (formulas, pivot tables, and basic reporting).
- Attention to detail and accuracy.
- Good organizational and time management skills.
DESIRABLE
- Exposure to group reporting or multi-entity accounting.
- Knowledgeable understanding of asset management processes (PPE).
- QSR experience.
- Interest in growing into a senior accounting or financial reporting role.
COMPETENCIES
- Analytical and problem-solving skills.
- Ability to work under pressure and meet tight deadlines.
- Strong interpersonal skills and team player mentality.
- Proactive and solutions-oriented approach.
- Good communication skills (verbal and written).
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