Financial Accountant

Who We Are

Yoco was founded in 2015 and now processes over US$2 billion annually. Were the payments provider for over 200 000 self-employed, and opening commerce for all. Were breaking down barriers and unlocking economic opportunities that enable people to thrive.

We have over 350 team members globally, operating across international markets, all with a bias for boldness, and a passion for simple, progressive solutions. We believe in uniting different people to solve hard problems together.

Our mission of making society more equal takes a variety of people, with different backgrounds and points of view, so we can keep building solutions that work for and include everyone.

Yoco is growing, and as we grow we have compelling challenges ahead of us.

Growing means were enabling more self-employed people and businesses to thrive every day. It also means that ambitious problem-solvers with big ideas are challenged, stimulated and will thrive at Yoco.

We dont stop pushing, we break things to rebuild, we challenge ourselves and each other. Were constantly evolving and were doing it fast.

Grow With Us.

About The Role

The Financial Accountant will manage accounts payable and assist with book-keeping activities. The role is crucial for creating accurate and timely financial information and ensuring strict adherence to accounting principles, procedures, and legislation. The Financial Accountant will work closely with the Accounting Manager and Group Reporting Specialist to support the accuracy and completeness of the company's financial records.

What You Will Be Doing

• Ensure accurate and timely processing of transactions within Accounts Payable.
• Management and control of the Fixed Assets Register from an operational and accounting perspective.
• Manage and plan vendor and employee reimbursement payment cycles whilst coordinating with the Assistant Account to reduce the risk of duplicate payments.
• Oversight of payment procedures for all group entities ensuring appropriate cash management at all times.
• Review and approval of invoices during processing ensuring company and legislative requirements have been met.
• Apply relevant principles to accurately record, adjust and reconcile financial transactions while maintaining an appropriate audit trail and supporting documentation according to professional financial accounting and reporting standards.
• Work closely with the I.T. Team to ensure procedures around purchasing and disposal of company assets are adhered to.
• Assist the Accounting Manager in the preparation of VAT returns.
• Maintaining accurate and timely reconciliations and schedules to support reported Balance Sheet and Income Statement balances.
• Ensure strict adherence to established accounting policies, principles and procedures and recommend improvements where necessary.
• Monitor and analyse accounting data, ensuring the accuracy and integrity of the organisation's financial records.
• Support the day-to-day financial accounting processes and provide guidance to the Assistant Accountant in accurately recording transactions.
• Ensure integrity and accuracy of the ERP System (Oracle NetSuite), statements, and reports.
• Ensure all month-end and year-end accounting processes are executed timeously and accurately.
• Liaise with external auditors ensuring that supporting documentation is provided in a timeous manner and according to professional financial accounting and reporting standards.
• Preparing reports, calculations and supporting schedules in support of annual financial statement balances and notes.
• Provide support in respect of any ad-hoc activities, requests or finance transformation projects as required by the business.
• Respond to and solve queries from departments within the company regarding financial activity.
• Provide weekly and/or monthly expense estimates for cash flow purposes when required.

About You

• A Bachelor's degree in Accounting + CIMA / CIPA / SAIPA
• 3+ years Financial Accountant in an operational finance role
• In-depth knowledge of bookkeeping and accounting principles, practices, standards, laws, and regulations
• Ability to adjust, evolve, and thrive in response to the rapidly changing fintech landscape.
• Advanced Excel, Google Suite and ERP (Oracle, SAP or NetSuite) skills, with a solid ability to adapt to new technologies and systems.
• Attention to detail and timely delivery of reliable financial management information for decision-making
• Ability to articulate and demonstrate process and system design during finance transformation projects

Key Performance Indicators:

• Financial Reporting Accuracy: Measure the accuracy and completeness of financial statements and reports produced by the company, using metrics such as the number of material errors or adjustments identified in audits.
• Timeliness of Month-end and Year-end Close: Effectively and efficiently meeting reporting deadlines for month-end and year-end close.
• Expense Recognition Accuracy: Ensuring the accuracy and completeness of expenses being recognised from various sources on time leading up to the month-end and year-end close timelines.
• Accounts Payable Efficiency: Ability to meet payment cycle timelines whilst ensuring the vendor age analysis is monitored.
• Vendor Bills Process Efficiency: Efficiently drive the approval of vendor bills to reduce processing times ensuring as up-to-date transactional information is accounted for.
• Completeness of Transactions from Automated Platforms into the ERP System: Assess the level of completeness of transactions captured in external platforms and transmitted into the ERP System.
• Operational and Regulatory Compliance: Measure the effectiveness of internal policies and procedures in ensuring internal and external compliance with regulations and recognised bodies.
• Business Process Improvement: Measure the impact of the ERP system on streamlining financial processes, reducing manual work, and improving overall operational efficiency.
• Centralised and Accessible Documentation: Maintaining organised and easily accessible financial records and documentation.

The People Were Looking For

Were looking for people who want to grow. And as Yoco grows we hope they stay with us, long term

Building things that make society more equal is a daunting task. And its not for everyone. We never stop pushing, we break things to rebuild, and we challenge ourselves and our teammates. We start over, we constantly evolve and we do it fast. We know that its just the right kind of meaningful madness for our kind of visionary human.

So, who are you? Youre someone who resonates with our mission, but also our values, when it comes to how we work.

Youre a curious problem-solver with a passion for doing good. Youre bright and grounded, experimental and bold. You play open cards and get stuck in. Youre not afraid of change. You close the loop.

At Yoco, we love to laugh, cherish each others quirks, and be authentic.

Find Out More About Who We Are Here.

We encourage applicants from diverse backgrounds to apply and ask that you please send your application in English and help us reduce unconscious bias by leaving out your picture, age, address, and other unnecessary information in your CV.

Yoco is one of Africa's largest fintech companies. We enable small businesses to thrive through open commerce.

Founded in 2015 we have helped over 400, 000 small businesses across South Africa accept card payments and access capital - often for the first time. We have over 330 team members across our key hubs in South Africa and the Netherlands, all working to deliver world class payments and software solutions to small businesses. We have raised $170M from some of the leading institutional investors in the world such as TPG, Dragoneer, Partech, Velocity, Quona, Raba, 4DX and many more.