Financial Accountant

FINANCIAL ACCOUNTANT

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WHAT IS A/AN FINANCIAL ACCOUNTANT?

LEADERSHIP MINDSET

• Inspires, supports and motivates others… creates willing followers

• Acknowledges emotional and personal limits and seeks assistance and feedback when necessary

• Maintains composure under pressure by keeping a sense of perspective through challenging situations

• Recognises gaps in own skill set and takes advantage of learning opportunities to enhance effectiveness

• Manages emotional reactions and maintains focus when faced with criticism and feedback

ONE TEAM MINDSET

• Consults, communicates and collaborates with others…delivers shared goals

• Acknowledges and takes responsibility for mistakes and takes appropriate corrective action

• Demonstrates a balance between building relationships and getting the work done

• Delivers on agreed-upon actions and keeps others informed of progress

• Builds rapport by actively listening to others' needs and interests, understanding differences, and finding common ground

INNOVATOR MINDSET

• Thinks out-side the box, is resilient & agile… showscommitment to continuous improvement

• Constructively questions and challenges the way things have always been done to identify opportunities for improvement

• Identifies issues and generates alternative ideas to resolve them

• Takes the lead to progress work and identify new ways to create or add value in the services they provide or processes they own

• Actively supports new initiatives and tries different ways of doing things

STRATEGIC MINDSET

• Understands the bigger picture and harnesses information and opportunities…provides vision and forward direction

• Demonstrates forward-thinking and awareness of the consequences of own actions

• Clearly articulates the key points of a position, both in verbal and written communication

• Shows consideration for wider business implications of own work

• Uses understanding of different aspects of the business and broader objectives to accomplish goals and manage priorities

BUSINESS MINDSET

• Understands business drivers and evaluates the value of actions… displays strong commercial awareness

• Consistently delivers results which exceed established targets or expectations (quality, quantity and time commitments)

• Ensures relevant professional input from others is obtained and shared

• Makes decisions by considering the cost, contribution and impact to own work

• Works productively in an environment where clear information or direction is not always available

A. Financial Accounting – 60%

• Summarising and reporting on monthly/annual financial position to internal stakeholders, regulators and tax collection entities.

• Analysing variances and providing commentary on significant $ swings in the financial statements.

• Ensure selected balance sheet reconciliations are performed in a timely manner and that all reconciling items are addressed within 1 month end cycle.

• Liaising with Accounts Payable and Accounts Receivable team to understand movement in Creditor and Debtor accounts.

• Liaising with Marketing, Logistics and Wholesale teamsto accurately accrue advertising and freight costings.

• Preparation of year-end calculations as part of statutory requirements, including liaising with external auditors and attending to relevant audit requests.

• Collaborate with the Commercial team to monitor budgets and forecasts for business cost centres.

• Establish and maintain effective internal controls within the financial accounting function. Identify and mitigate financial risks, implement best practices, and ensure compliance with company policies and procedures.

• Other ad hoc duties as required.

B. Auditing – 30%

• Ensuring financial records are a fair and accurate representation of the transactions they claim to represent.

• Identifying process improvements and implementing changes to increase efficiency

C. Business analysis – 10%

• Identifying and articulating the need for change and facilitating those changes which will be most beneficial to the Company's stakeholders.

• Ability to analyze financial data and provide valuable insights to support decision-making.

• Continuously monitor and consider internal controls and seek out ways to improve processes.

• Work with others in the Finance team and selected cost centre owners/Department Heads on financials –monthly review of results, opportunities for improvements (e.g. cost reductions).

WHAT WILL BE YOUR MAIN RESPONSIBILITIES?

• Ensure an accurate and timely month end close, through processing of month-end entries in the General Ledger.

• Monthly reconciliation of Balance Sheet accounts and ensuring accurate and timely financial reporting.

• Monthly reconciliation of Agent Commissions with delivery and follow up to external partners.

• Business partnering with Wholesale, Marketing and Supply Chain departments to ensure accurate advertising and logistics accruals.

• Ensure accurate and timely reconciliation of lease payments for our retail stores using MRI ProLease/LeaseEagle.

• Reconciliation and lodgement of BAS and IRD statements.

WHAT ARE WE LOOKING FOR?

Preferred Experience:

• Minimum 3 years' experience within the financial reporting or auditing space

• Experience in a retail (or multi-site) or FMCG environment would be beneficial

• Strong demonstration of collaboration

• Infor/MS experience is an advantage

• MRI ProLease/LeaseEagle experience is beneficial

Prerequisite Skills:

• Strong analytical and problem-solving skills

• Excellent attention to detail

• Ability to work independently and as part of a team

• Solutions-focused and continuous improvement mindset

• Highly motivated, well organised and a proactive approach