Payroll Accountant

Description:

To assist the financial manager with the management of the centralized payroll department, to be responsible for payroll accounting, statutory submissions and other accounting functions.

Primary Responsibilities for the Role

PAYROLL

• Supervision of the payroll team
• To manage the centralised payroll function, ensuring the accurate and timeous completion of the monthly payrolls
• Ensuring timeous payments to employees and third parties
• Responsible for migration of payrolls and project manage the process
• Preparation of payroll analytics and exception reports
• Liaison with Service Providers re payroll related matters (Medical Aid, Retirement Funding, Group Insurance)

  PAYROLL ACCOUNTING

  • Accurate and timeous processing of Payroll Journals
  • Accurate and timeous processing of Payroll Provision Journals
  • Reconciling of payroll balance sheet recons and to ensure that outstanding items are cleared timely
  • Quarterly reconciliation of payroll to the income statement

    STATUTORY COMPLIANCE

    • Monthly Submission of EMP201 returns
    • Bi-Annual Reconciliation of and submission of EMP501 returns
    • Monthly UIF submissions to the Department of Labour
    • Annual Workmen’s compensation returns
    • Quarterly Reporting to Statistics SA

      MANAGEMENT ACCOUNTS

      • To ensure the accurate and timeous accounting and reconciliation of company transactions and the production of the company’s monthly financial and management accounts by ensuring that all input documents are complete, accurate, correctly coded and authorized; reviewing creditor payables, and all general ledger accounts on a monthly basis and attending to anomalies; and reviewing the purchase order module before month-end close to ascertain accruals and to confirm all recoverable expenses have been captured into time management system;
      • Review of balance sheet reconciliations and ensure outstanding items are cleared timely;
      • To assist with the compilation of the budgets and forecast models and be responsible for the maintenance thereof;
      • To assist with the internal/external audit functions
        • Other Functions:
        • Perform analysis data and data trends and provide feedback, recommendations and commentary to management.
        • Liaise with internal and external auditors and respond to audit recommendations and findings.
        • Stays abreast of trends and regulations to ensure effectiveness and compliance for the finance function
        • The incumbent is required to work under considerable pressure at times, particularly at month end and year-end.
        • The position holder is an integral part in producing information that affects the groups decision making processes, financial reporting and cashflow, therefore the impact of using or p...