Financial Accountant Power Fashion Durban

Posted 2 Months Ago
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Durban, eThekwini Metropolitan Municipality, KwaZulu-Natal, ZAF
In-Office
Junior
Fashion • Retail
The Role
Prepare foreign and dormant annual financial statements, assist with interim and year-end statutory and management reporting, interface with auditors, authorise purchase orders and payments, perform balance sheet reconciliations, support budget and strategy rollup, and produce ad hoc external stakeholder information and IFRS research and board memos.
Summary Generated by Built In

Power Fashion  has an exciting career opportunity available within our Power Fashion Finance department for a Financial Accountant. If you are an ambitious, meticulous individual who is looking for a role that will allow you to grow and learn within the Finance function, then this is the role for you.

Purpose

Contribute to the development and implementation of group finance accounting systems, policies and procedures. Support the division through the collection, processing, recording, reconciliation and reporting of financial data, verifying the validity, completeness and accuracy. 



Responsibilities

Information Processing                  

  • Capture and process all financial information on the general ledger to ensure that profitability of business is maintained, record status of liabilities and assets and to report on capex.                        

Statutory Fulfilment                       

  • Payment of VAT; SARS and other statutory requirements to ensure compliance to statute.
  • Reconcile the general ledger to report on profit and loss.                                        

Payments                          

  • Approve and release payments to suppliers ensuring that invoices appear on statements and contain correct regulatory information.           

Reconciliations                 

  • Complete monthly Balance Sheet reconciliations. Raise queries where accounts do not balance and ensure compliance with MRPG Reporting requirements. 
  • Supervisory responsibility for creditors & cash book teams.                                                                 

Budget                

  • Assist in preparation of annual budget submission. Eg. Department budgets review & capture.                       

General administration                   

  • Management of motor vehicle fleet renewals. 
  • Loading monthly sales budgets.
  • Other general admin required within the division from time to time. 

Team supervision

  • Team supervisor for creditors & cash book teams.
  • Day to day staff management for 4 associates.
  • Work closely with Risk & Operations team to ensure cash is well managed
  • Work with Merch & DC team to resolve any PO, GRN & supplier related queries that need resolution.
Qualifications

Education:

  • BCom or equivalent accounting degree

Experience:

  • 3 - 5 years’ experience across financial accounting, budgets, and team supervision.

 

Knowledge & Attributes

  • Advanced Microsoft office (word, excel, PowerPoint, outlook), Internal Systems
  • Retail Knowledge

 

Mr Price Group is an equal opportunity employer and is committed to Employment Equity.

Skills Required

  • CA(SA), newly qualified
  • Excellent interpersonal skills
  • Excellent written and verbal communication skills
  • Ability to interact with stakeholders at all levels
  • Advanced Microsoft Office skills (Word, Excel, PowerPoint, Outlook)
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The Company
HQ: Durban
15,033 Employees
Year Founded: 1985

What We Do

Mr Price Group Limited is an omni-channel, fashion value retailer. The Group retails Apparel, Homeware and Sportsware and is one of the fastest growing retailers in South Africa. Our History: 1885 - The first John Orrs store opens 1934 - The first Hub store opens 1952 - John Orrs is listed on the JSE 1967 - Acquisition of two Miladys stores 1986 - Laurie Chiappini and Stewart Cohen, together with BOE, acquire a major shareholding in John Orr Holdings 1987 - The first Mr Price store opens 1991 - Laurie Chiappini and Stewart Cohen acquire control of the Group from BOE 1993 - Launch of the Mr Price Group Share Partnership Initiative 1996 - Acquisition of Galaxy & Co. and Sheet Street 1997 - Alastair McArthur is appointed as CEO 1998 - Mr Price Home launched 2000 - Mr Price opens stores in Botswana and Namibia 2001 - Specialty Stores becomes MR Price Group 2005 - Over 100 million units are sold across the group 2006 - Sale of the Hub and Galaxy divisions 2007 - Launch of Mr Price Sport stores and Mr Price Franchising 2008 - Miladys wins the Orange Index award for excellence in customer service 2008 - Mr Price Apparel is voted the most loved and most frequented retail apparel brand for the first time 2008 - This year Mr Price Home is voted the most loved and most frequented homeware retailer 2011 - Retail sales exceed R10 billion and profit attributable to shareholders exceeds R1 billion for the first time 2011 - The group celebrates the 25th anniversary of change in control, recording a CAGR share of 25.3% and headline earnings per share of 23.5% over this period 2012 - First Corporate owned Mr Price store opens in Lagos, Nigeria 2013 - Mr Price launches its online store

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