Junior Accountant

GALXBOY is a proudly South African streetwear brand that emerged from the underground, rebellious youth culture found in the country’s urban hubs. Built on a foundation of ambition, collaboration, and persistence, it has grown into a leading national label. Known for its bold designs and deep cultural relevance, GALXBOY reflects a new generation of South Africans who embrace their identity with confidence and style.

To prepare financial statements and reporting. To have a solid understanding of accounting principles, be at ease working with numbers, and pay close attention to detail. The objective is to support the department's overall efficient functioning and aid the business in having a complete understanding of its financial situation.

• Manage all accounting transactions
• Oversee daily and monthly accounting activities.
• Ensure accurate and timely recording of transactions.

• Safex, Hedges, and Forex
• Monitor and manage foreign exchange risks.
• Understand and manage financial instruments related to hedging and foreign exchange.
• Identify and manage opportunities related to hedging and forex exposure.

• Review creditors reconciliations
• Examine reconciliations to ensure completeness and accuracy.
• Identify discrepancies and propose solutions.
• Identify control/procedure issues
• Analyze and strengthen internal controls.
• Recommend process improvements to prevent errors and fraud.

• Prepare budget forecasts
• Collaborate with various departments to gather data for forecasting.
• Prepare and review periodic budget reports.
• Track and analyze variances between budget and actual financials.

• Perform statutory submissions (e.g., VAT)
• Prepare and submit tax returns (VAT and others).
• Ensure compliance with local tax laws and regulations.

• Accurate processing and input of monthly payrolls
• Ensure payroll is processed accurately and on time.
• Review payroll input and batch processing
• Review data provided for payroll accuracy and completeness.
• Confirm correct calculations of deductions, benefits, and wages.
• Ensure payroll reports for Finance review
• Ensure all payroll reports are ready for review by the finance team.
• Address discrepancies and clarify issues with payroll data.

• Compiling foreign payment schedules
• Compile and maintain advance foreign payment schedules.
• Ensure accuracy and timely payments related to foreign transactions.
• Entering payment data on local creditor schedules
• Record local payments accurately in the payment schedules.
• Ensure all data entries are complete and correct.
• Compiling Import Freight schedules
• Create and maintain schedules for import freight payments.
• Review import freight invoices for accuracy.

• Review Bank and Cash Reconciliations
• Perform daily and monthly reconciliations of bank accounts.
• Identify and resolve discrepancies in cash management.
• Run monthly supplier changes report
• Track and report any changes in supplier accounts.
• Ensure accuracy in the supplier database.

• Journal Processing
• Process journal entries accurately and promptly.
• Ensure all journal entries align with accounting standards.
• Handle monthly, quarterly, and annual closings
• Manage the closing process for all periods.
• Ensure timely and accurate preparation of financial statements.

• Compute taxes and prepare tax returns
• Calculate and prepare all necessary tax filings and returns.
• Ensure compliance with tax regulations and deadlines.

• Gather payroll expenses and input into appropriate entries
• Ensure payroll-related expenses are accurately captured.
• Input payroll-related financial data correctly into the accounting system.
• Manage balance sheets and profit/loss statements
• Oversee the preparation of financial statements.
• Ensure the accuracy of balance sheets and profit/loss statements.

• Reinforce financial data confidentiality
• Safeguard sensitive financial information.
• Implement measures for data protection and…