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
IT3(b)/IT3(s)/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
BASA/PASA Meetings
- 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.
