Annual Responsibilities:

• Prepare Annual Financial Statements and supporting working papers for annual audit / review with supporting Team.
• Prepare Tax and Deferred Tax calculations.
• Submit Tax returns and other statutory matters.
• Manage Tax queries from SARS, and related parties.

Bi-Annual Responsibilities:

• Prepare budgets and forecasts for the Director of Utilities and CFO for review and approval, within the frameworks provided.
• Prepare a calculation of the company’s provisional tax and submit IRP6.
• Submit STATS SA Return when required.

Monthly:

• Overview and inspection of monthly billing process, progress with checks and balances.
• Overview of credit control division, debtors’ control, bad debt provision and write off bad debt as per policy.
• Engagement with debt recovery agents and attorneys.
• Compile monthly management accounts using MRI, Accounting Packages and Excel.
• Review the Gross Profit Calculations to identify exceptions and investigate reasons for exceptions.
• Oversee the raising of provisions for council accounts not received or underbilled.
• Review profit share calculations for approval and payment.
• Review agent transaction summaries for approval and payment.
• Suppliers – Oversee that suppliers accounts are reconciled monthly to statements (City Council and other), thereafter approve or action what is required.
• Review, approve and submit monthly VAT Returns.
• Ensure and assist in all SARS related queries.
• Ensure that all stock and fixed assets movements, depreciation calculation are accounted for, and the fixed asset register is kept up to date
• Ensure that all balance sheet items, including control accounts, are reconciled with supporting documents
• Review and assist in monthly MRI close off procedures and rollover of processing periods.

Daily:

• Review and ensure all daily bank statements and transactions are captured.
• Ensure that supplier database is maintained to account for all council accounts and other creditors.
• Review daily capturing done on suppliers and journals.
• Review and authorise all payments, including refunding of debtors’ deposits, suppliers, salaries, ad hoc payments & inter-group transfers on the bank.
• Implement effective cashflow management procedures.
• Manage allocated personnel.
• Training of personnel.

General:

• Ensure adherence to applicable accounting standards and practices.
• Ensure adequate internal controls are in place and adherence thereto.
• Ensure compliance with statutory requirements.
• Review accounting records for correctness and completeness.
• Review all special journals.