Accountant: Medirite - Shoprite Group

The accountant is responsible for maintaining accurate financial operations within the retail environment. This role involves financial reporting, inventory oversight, and ensuring compliance with regulatory standards. The ideal candidate will have a strong grasp of accounting principles, excellent analytical abilities, and meticulous attention to detail. 

Job Objectives

Financial Reporting: 

• Prepare & present monthly, quarterly & annual financial statements, incl. balance sheets, profit & loss statements & cash flow statements. 
• Ensure accuracy &compliance with accounting standards.  

Inventory Management: 

• Monitor & reconcile inventory records to maintain accuracy. 
• Conduct regular audits to identify and resolve discrepancies.  

Accounts Payable & Receivable: 

• Oversee the accounts payable & receivable processes, incl. invoicing, payments & collections. 
• Ensure timely & accurate transaction processing.  

Budgeting & Forecasting: 

• Assist in preparing & monitoring store budgets.
• Analyze financial performance & provide forecasts to support business planning.  

Compliance & Audits: 

• Ensure compliance with financial regulations & internal policies.
• Coordinate with auditors and act on recommendations.  

Financial Analysis: 

• Perform financial analysis to identify trends, variances & opportunities for cost savings.
• Provide actionable insights to store management based on analysis.  

Record Keeping: 

• Maintain accurate financial records and ensure proper documentation.
• File & manage records of financial transactions & reports.  

Communication & Coordination: 

• Collaborate with store management & other departments to address financial issues.
• Communicate effectively with vendors, customers & auditors. 

Qualifications

• Essential: Bachelor's degree in accounting, Finance, or related field. 

Experience

• 3 - 5 years experience in a financial or management accounting role (preferably in a retail/distribution centre environment)

Knowledge and Skills

• Strong understanding of financial and accounting concepts and principles. 

• Knowledge of VAT and tax legislation. 

• Proficient in Microsoft Office 365, with intermediate Excel skills for preparing spreadsheets using formulas. 

• Excellent time management skills and the ability to meet deadlines. 

• Ability to maintain confidentiality in handling sensitive financial information. 

• Strong interpersonal skills for effective communication with internal and external stakeholders. 

• Analytical thinker with strong critical skills and the ability to analyze complex financial data. 

• Exceptional attention to detail and strong problem-solving skills