Reconciliation and Settlement Assistant

2 weeks ago

Parow, South Africa The Foschini Group Full time

**Job ID**:18377**Position Type**:Full-Time**Job Function**:Finance / Accounting**Workplace Type**:Head Office**Division**:TFG Finance Shared Services**Province**:Western Cape**Location**:Cape Town North**Suburb**:Parow (Parow)Position Description:
**Reconciliation and Settlement Assistant - Finance Shared Services (Invoice to Cash: Credit & Rebates)**

**Purpose of the job**

The Reconciliation and Settlement Assistant (credit and rebates) within the Invoice to Cash SSC function will support the Invoice to Cash Accountant, by assisting in ensuring the timeous and accurate processing of all reconciliations and settlements in compliance with the required company policy and practices.

This role will be responsible for ensuring deliverables are executed as per the time and quality standards agreed in line with the Invoice to Cash SLAs.

**Job Requirements**

**Skills and attributes**
- Good functional accounting knowledge
- Attention to detail
- Time management
- Planning, Organisation and Control
- Deadline Driven
- Collate large volumes of data and inputs for decision making
- MS office with Advanced Excel skills
- Excellent Communication skills (verbal and written)
- Be flexible within a team, whilst balancing own priorities
- Agile to changes in the team and business that impact financial processes and reporting
- Analytical thinker with a strong interest in problem solving
- Ability to work under pressure
- Ability to communicate on all levels
- Strong reconciliation skills
- Determined self-starter with consistent and continuous improvement

**Experience**
- 3-5 years of relevant working in a Finance environment
- Experience with reconciliation and settlement processing is a pre-requisite
- Previous SAP experience and Credit knowledge advantageous
- Retail/ Financial Services experience advantageous

**Key Performance Areas**
- Timeously and accurately preparing all reconciliations in compliance with the required company policy and practices.
- Efficiently follow up on reconciling items through working with various parties.
- Assist with maintaining and development of strong financial controls
- Liaise with the Record to Report team within the SSC to ensure all month end journals are processed timeously and accurately.
- Ensure accurate recordkeeping for all accounting activities for audit purposes.
- Respond to and complete all processes and activities in line with the SLAs for the Invoice to Cash function.
- Work alongside the Invoice to Cash teams to ensure all month end and year end processes are accurate and completed as per the agreed timelines and guidelines.
- Manage all Party queries with a strong focus on SLA adherence and ensuring an effective escalation process is maintained.
- Checking and releasing of all invoices
- Ensure collection process is optimally aligned to reduce debtors’ days aging and drive collections by ensuring constant reviews of the collection process.
- Reporting to Finance stakeholder’s whist simultaneously tracking aging of long overdue accounts and implementing the required controls to limit write off
- Daily settlement reports and reconciliations
- Query investigation and analysis
- Assist the Accountant with project, investigations, user acceptance testing and post implementation reviews
- Any ad hoc duties that may arise

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