MAIN FUNCTIONS OF THE JOB INCLUDE:
Vat
Calculates the monthly VAT (bi * monthly for Albaraka Properties (Pty) Ltd and Albaraka Financial Services (Pty) Ltd) payable to SARS.
Prepares the monthly VAT schedule which is reviewed by the Finance Reporting Manager prior to submitting the VAT 201.
Calculates VAT on the imported services.
Calculated the Output VAT on Transaction Income.
Ensures timeous payment of VAT to avoid interest and penalties.
Records VAT in the general ledger in respect of Input VAT, Output VAT, VAT on Capital Expenditure, VAT on overseas services and VAT payments.
AIBaraka Bank subsidiaries
Responsible for the management accounts of Albaraka Properties (Pty) Ltd and Albaraka Financial Services (Pty) Ltd, namely, preparing monthly journals, reconciliations with supporting schedules and documentation.
BA Returns
Prepares BA returns together with supporting schedules and calculations for reporting to SARB as required (15th, 20th, 25th, 30th working days), for all monthly, quarterly, half-yearly and annual returns.
Follows up on schedules that are completed by other departments, and ensure that these schedules are authorised by the respective departmental managers and filed
Ensures that all returns are completed 3 working days before the due date to enable management review
Assists the Financial Manager with responding to queries raised by SARB
Prepares and submits the daily Forex return (BA 325).
Ensure that the monthly variance analysis and other information as requested is submitted to the Reserve Bank timeously.
Monthly reporting to ABG / Exco / ALCO/ Monthly Management Meetings
Prepares the monthly ABG report with supporting schedules for submission to ABG by the 6th working day of the month
Prepares the monthly ALCO Pack with supporting schedules for submission to the monthly meeting by the required deadline
Completes the required schedules and analysis for submission to Exco and Performance Exco by the required deadlines
Prepares the Head office and Finance department variance analysis for the Finance Executives monthly management meeting, for submission by the 7th working day of the month
Quarterly reporting to ABG
Prepares the quarterly ABG schedules together with supporting schedules and calculations for reporting to ABG.
Ensures that information is completed within the required deadlines to enable management review, review by the external auditors, and onward submission to ABG as per ABG reporting deadlines.
Complete the quarterly ABG GCEO slides within the required deadlines to enable management review, and onward submission to ABG as per ABG deadlines.
Board Submissions
Ensures that quarterly board and board committee reports are prepared, reviewed and submitted timeously.
Financial statements
Annual Financial Statements preparation and Integrated Annual report compilation and administration.
Prepares the interim annual report as at 30 June each year
FATCA Reporting
Ensures that IT3(b), IT3(s) and FATCA Reporting is accurately prepared and submitted to SARS by the due dates, being 31 May and 31 October each year
Ensures that IT3(t) Reporting is accurately prepared and submitted to SARS by the due dates, being 30 September each year
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Acts as the bank's representative on selective BASA/PASA committees
Other
Assist Finance staff with queries from other departments or clients.
Assist internal & external clients timeously & efficiently.
Assist in training other staff and providing assistance where necessary.
Identify and implement automation within the reporting function to streamline and enhance processes, thereby reducing manual effort and increasing efficiency.
Requirements
QUALIFICATIONS
Diploma/degree in finance/accounting or related studies
PREFERRED EXPERIENCE
A minimum of 2 years of experience is required in a well-established firm or banking all general aspects of banking / reporting.
Proficient in all areas of finance.