Accounts Receivable
1 week ago
**Purpose of the Role**:
Management of the day-to-day operations of allocating, receipting and reconciling accounts. Optimising existing Accounts Receivables team, systems, and processes to achieve strategic goals. Being a key driver and initiator of system and process improvements.
**Key Performance Areas**:
Develop and Implement plant Environmental policies and procedures
Manage Accounts Receivable team to ensure.
- Queries are resolved and communicated timely.
- All bank accounts are reconciled, and reconciling items are solved timely.
- AR ageing, bad debt and write-offs are correctly monitored and managed.
- Collections, DDO and outstanding invoices are monitored.
- Calculate and process Accounts Receivable reserve amount upon Local Finance approval
- Resolve clients invoice related queries supported by local finance
- Review client credit requests and monitoring credit worthiness and exposure
- Collection management, including reviewing credit memos or revised invoices
- Drive process improvements and efficiency into the Accounts Receivable function, ensuring common processes are applied and leading practices are adopted through staff training and system enhancements
Obtains revenue by processing invoices, resolving missed payments, updating financial records, and effectively supervising staff engaged in similar activities.
Accomplishes accounts receivable human resource objectives by selecting, orienting, training, assigning, scheduling, coaching, counseling, and disciplining employees; communicating job expectations; planning, monitoring, appraising job contributions; recommending compensation actions; adhering to policies and procedures.
Meets accounts receivable operational standards by contributing information to strategic plans and reviews; implementing production, productivity, quality, and customer-service standards; resolving problems; identifying system improvements.
Collects accounts by contacting customers referred by clerks; investigating circumstances of non-payment; negotiating and resolving conflicts; expediting payment.
Supports financial planning by forecasting cash.
Updates receivables by coordinating and monitoring daily sales order processing and bank remittance transactions.
Maintains financial security by adhering to internal accounting controls.
Maintains accounting ledgers by posting monthly account transactions.
Protects organizations value by keeping information confidential
Monitoring expenditures; identifying variances; implementing corrective actions.
Updates job knowledge by participating in educational opportunities; reading professional publications; maintaining personal networks.
Accomplishes accounting and organization mission by completing related results as needed.
Reporting
Provides annual accounts receivable budget information as and when required
Assist in month-end close & reporting process
Collections Effectiveness Index
Produce AR aging reports
Average Days Delinquent.
Days Sales Outstanding
Monthly reporting
Turnover Ratio
Qualifications & Experience:
5+ years experience working in an accounting, billing, or accounts receivable department
Previous Management Experience
Degree in Accounting, Finance, or Business Management
Experience in JD Edwards would be advantageous
A sound knowledge of MS Office
Capabilities & Attributes Familiarity with financial, accounting, and bookkeeping software, spreadsheets, forecasting, and South African Statements of Generally Accepted Accounting Practice (SA GAAP)
Time and process management, including the ability to prioritize multiple simultaneous deadlines, set Leadership, management, and team-building skills
Excellent oral communication skills and the ability to resolve misunderstandings and errors in a diplomatic manner
Strong financial skills and understanding of financial concepts and business principles
Integrity, discretion, and respect for confidentiality and privacy
Accounting and superlative quantitative skills
Typing, computing, and data entry skills
Prioritises, and work under pressure
Accuracy and attention to detail
Experience with budgeting
Documentation skills
Organizational skills
Analytical skills
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