RCL Foods: Payroll Accountant
Vector Logistics, a prominent name in the logistics industry, is on the lookout for a detail-oriented Payroll Accountant to join our vibrant team in Durban. If you’re a numbers guru with a passion for finance and a keen eye for accuracy, this could be the perfect opportunity for you.
Absa: Learnership programme 2024
As our company continues to expand and evolve, we understand the pivotal role that precise payroll management plays in sustaining our growth and supporting our valued employees. If you’re ready to leverage your expertise in a fast-paced environment where precision and efficiency are paramount, we invite you to explore this exciting role with us.
Minimum Requirements:
To excel in this role, you’ll need to meet the following minimum requirements:
- A B.Com degree in Accounting or equivalent qualification.
- Proficiency in SAP, with at least 1 year of experience (preferable).
Duties & Responsibilities:
As a Payroll Accountant at Vector Logistics, you’ll be responsible for a range of critical tasks, including:
- Payroll Reconciliations:
-
- Reconciliation of Balance Sheet Provision Accounts.
-
- Preparation of Balance Sheet Reconciliations and Manual Journal Entries.
- Reconciliation of Monthly Payroll Postings to the General Ledger.
- Reconciliation of Monthly Payroll Postings to Taxable Earnings.
- Annual Functions:
-
- Completion of earnings returns and payments for COID within specified deadlines.
- Assistance with the submission of IRP5 reconciliation to SARS.
- Analysis of statements from medical aid service providers for post-retirement medical aid valuation.
- Payroll Integrity:
-
- Detailed review of all aspects of allocated companies in line with audit principles.
- Balancing salaries of employees on guaranteed packages.
- Verification and sign-off on manual payments.
- Review of extraordinary payments/schedules, such as bonuses and increases.
- Ensuring compliance with Income Tax, UIF, and WCA regulations.
- Conducting adhoc audits to ensure payment compliance with company policies.
- Third Party Payment Reconciliation:
-
- Monthly submission of EMP201’s for the group.
- Ensuring correctness and completeness of third party payments.
- Investigating discrepancies and variances, implementing risk minimization procedures.
- Post-Retirement Medical Aid (PRMA):
-
- Administration of PRMA, including liaison with service providers.
- Maintenance of up-to-date schedules of eligible members for PRMA valuation.
- Communication with pensioners when necessary.
- Audit Services:
-
- Facilitation of interface between group payroll and internal/external audit.
- Ensuring successful audit completion.
- Payroll Services:
-
- Implementation of solutions to finance matters.
- Analysis of payroll reports and records, making process improvement recommendations.
- Estimation of departmental cash flow requirements and submission of projections.
- Preparation of monthly payroll comparison reports and explanation of variances.
- Application for tax directives and computation/review of ETI calculations.
- Administration of Agency Appointments by SARS:
-
- Monthly reconciliation.
- Administration of one@syfile.
- Management of payment reference numbers on profile for accuracy and compliance.
Capitec Bank Better Champion 2024
In this role, attention to detail, strong analytical skills, and adherence to compliance regulations are crucial. If you’re ready to take on this challenging yet rewarding position and contribute to the success of Vector Logistics, we encourage you to apply today. Join us as we continue to pave the way for excellence in the logistics industry.