Job Description: The CSIR has a vacancy for a Financial Accounting Officer in the Financial Services Portfolio, who will ensure accurate accounting in terms of applicable accounting classification, project plans, performance obligations, budget, reporting requirements and contract ammendements. The incumbent will also work closely with stakeholders to support contract and project delivery through monitoring and reporting on contract progress and reporting to external and internal stakeholders. This position is based in Pretoria [the_ad id="21943"] Job Responsibilities: Process contract amendments, ensuring correct accounting classification as well as contract value and contract line detail for revenue and billing is aligned to signed agreements; Prepare contract reconciliations and reports to monitor contract status and details and provide feedback including analysis of performance to date, progress against budget, areas of concern and recommended corrective action to the contract manager and management accountant to support contract delivery; Ensure valid, accurate, timely and complete contract and project accounting for customer and supplier contracts and service level agreements; Review and ensure completeness of financial supporting documentation; Review and capture contract details and projects in terms of applicable accounting classification, project plans, performance obligations, cost centre allocations, budgets, including project budget’s integrated across units with multiple contract lines to enable costs and revenue to be allocated to applicable cost centres and aligned to stakeholder reporting requirements; Update revenue recognition and process invoices or credit notes with alignment with legislation; Prepare and process manual and upload journal (including correction of errors, clearing invalid projects, provisions and accruals, bad debt, manual adjustment, zero rate vat, forecast, interest capitalisation and monthly overhead cost recovery) to accurately reflect financial information and cost distribution for accurate financial month-end results; Perform monthly general ledger reconciliations; Prepare contract or project specific reports based on client specification and contractual requirements for management accountant review and sign off; Process ad-hoc invoices for services rendered or goods supplied in accordance with accepted quotations to account for revenue earned to date in compliance with CSIR policies, procedures and financial legislation; Reconcile advances, claims and cash with the petty cash float to ensure discrepancies are detected for immediate action; Identify opportunities to improve business processes and to perform duties more efficiently and effectively and communicate these to the management account or finance manager; Job Requirements: Project management qualification or experience will be an added advantage Microsoft office suite, especially MS Excel; Numerical and analytical skills; Attention to detail and accuracy; At least 3 years’ experience in finance, including sound understanding in Financial accounting Financial reconciliations and reporting The ERP system Record keeping and organisation skills; Good verbal, written and listening communication; A bachelor’s degree in Accounting or Finance or Management Accounting Studying towards CIMA will be an advantage How contract and project related transactions impact on organisational financial results Accounting principles Job Details: Company: Council for Scientific and Industrial Research (CSIR) Vacancy Type: Full Time Job Location: Pretoria, Gauteng, SA Application Deadline: N/A [the_ad id="21944"] Apply Here jobsrican.com
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