Debtors Team Lead

2 weeks ago


Umhlanga, KwaZulu-Natal, South Africa iKhokha Full time
Company Description

iKhokha is one of the fastest-growing fintech companies in Africa. As you'd expect, our pace is fast-moving and ever-changing. We like it that way.
Our office is a high performance environment where we push each other to challenge the status quo. If that doesn't appeal to you, you probably shouldn't work here.

Job Description:


Looking to join a high-growth Fintech company? Then look no further, our iK tribe is growing and we are on the hunt for a Debtors Team Lead to join our finance team.


So, what will you do?


Ensuring accurate and efficient management of the company's debtors book, with an emphasis on reviewing the output of an in-house debtors team and ensuring compliance with company policy with respect to debtors (i.e., ensuring debtors days/other working capital metrics are kept in line with company policy).


Deal Breakers:

  • 5+ years' experience leading an accounts receivable / debtors dept (minimum book size = R15m+).
  • Prior experience in a technology, telecoms or largescale retail environment would be favourable.
  • Must be proficient in MS Excel, MS Word, MS Outlook.
  • Advanced MS Excel experience would be favourable.
  • Practical experience in MS Dynamics 365 Business Central or similar accounting package would be favourable.
  • Must be a selfstarter / entrepreneurial and willing to get their hands dirty in a company with a scaleup culture.
  • Must be a strong negotiator, with a proven track record of recovering long outstanding receivables.
  • Must be able to handle pressure and adapt to change in a dynamic, rapidly shifting environment.
  • Strong analytical and problemsolving skills and excellent attention to detail.
  • Excellent organizational, communication and negotiation skills.

What does the role entail?

  • Ensure that the company's debtors book is kept to a healthy level and that collections are proactively managed (target aged debtors days = 60 days).
  • Provide input into the development of a sound system of internal controls over the debtors function with the assistance of the Financial Controller. Ensure compliance against this system of internal controls within the Debtors function and with relevant internal/external stakeholders.
  • Liaise with finance / creditors / accounts payable departments of large debtors to arrange collections, collect statements and to investigate any discrepancies between the company's debtors ledger and debtors' financial data.
  • Review the following output generated by Debtors Clerks:
  • Debtors Clerk-reviewed system generated reports.
  • Daily stock dispatch.
  • Monthly transaction revenue.
  • Monthly merchant cash advance revenue.
  • Monthly licence revenue.
  • Monthly prepaid revenue.
  • Etc.
  • Samples of invoices generated.
  • Matching of debtors to cash book.
  • Generate and present the debtors age analysis to the Financial Controller & CFO on a monthly basis and recommend remedial actions, incl. potential debtors recovery tactics, write off of long outstanding debt, etc. Ensure that the debtors age analysis agrees to the debtors ledger & general ledger.
  • Issue final demands and liaise with debt collectors to ensure recovery of amounts owed to the company (incl. liaising with the company's Chargeback Analysts where legitimate merchant chargebacks cannot be recovered from a merchant).
  • Maintain and administrate a shared debtors MS Outlook mailbox.
  • Serve as the 1st line of escalation for any unmatched POs / unmatched invoices and other discrepancies identified between company systems and 3rd party debtors.
  • Review debtors ledgers and proactively investigate any anomalies identified as and when required, incl. escalation to Financial Controller where necessary.
  • Credit vetting new customers as required.
  • Maintain customer master files and regularly review the company's debtors listing, including investigation into any unauthorised debtors / escalation of noncompliance with policy to Financial Controller.
  • Assist the Financial Controller & Financial Planning & Analysis (FP&A) Manager with cash flow and working capital management.
  • Train and upskill a team of Debtors Clerks.

What's in it for YOU?

  • A career stepchange for any selfdriven finance professional.
  • Exposure to the exciting field of fintech with a growing, nationally recognised brand.
  • Work with a young, dynamic team within an entrepreneurial scaleup culture.

Qualifications:

  • Business administration/finance degree or diploma.
Additional Information

Perks of joining the Tribe?

  • You get to work in a high growth company. Sink your teeth into meaningful work with tangible results you are accountable for.
  • Hybrid, remote and in office work models.
  • Remuneration & Benefits. We offer Company contributions to Medical Aid and a Group Risk Scheme.
  • Visionary Leadership.
  • Study leave.
  • Access to on demand learning and development.
  • A friendly, collaborative culture and a team of allroundlekker humans (it's true, we

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