Creditors Team Lead

3 weeks ago


Umhlanga, 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**:
Are you a self-starter with strong creditors experience. We are looking for a Creditors Team Lead who can efficiently manage the company’s creditors book. If you are up for the challenge, then we want to hear from you

**So, what will you do?**

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

Administration of new and existing creditors relationships, including oversight of new creditor onboarding in line with the company’s system of internal controls around procurement and B-BBEE strategy.

**Deal Breakers**:

- 5+ years’ experience leading an accounts payable / creditors dept (minimum book size = R25m+).
- Prior experience in a technology, telecoms or large scale 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.
- Intermediate knowledge of the Enterprise & Supplier Development pillar of the B-BBEE scorecard, with particular emphasis on Preferential Procurement
- Must be a self-starter / entrepreneurial and willing to get their hands dirty in a company with a scale-up culture.
- Must be able to handle pressure and adapt to change in a dynamic, rapidly shifting environment.
- Strong analytical and problem-solving skills and excellent attention to detail.
- Excellent organizational, communication and negotiation skills.

**What does the role entail?**
- Ensure that payments made to company creditors are accurate and in accordance with contractually agreed terms.
- Provide input into the development of a sound system of internal controls over the creditors function with the assistance of the Financial Controller. Ensure compliance against this system of internal controls within the Creditors function and with relevant internal/external stakeholders.
- Review payment reconciliations between purchase orders & creditor invoices prepared by Creditors Clerks and investigate any variances noted.
- Review all accruals listings generated by Creditors Clerks.
- Review and approve purchase orders generated by Creditors Clerks within pre-defined limits.
- Serve as the 1st line of escalation for any unmatched POs / unmatched invoices and other discrepancies identified between company systems and 3rd party creditors.
- Review and release payment runs loaded by Creditors Clerks on company’s banking profile (dual release alongside Financial Controller/CFO).
- Conduct 2nd line review of monthly company credit card statements and investigate any unauthorised payments raised by Creditors Clerks.
- Review the company’s creditor listing and investigate any unauthorised creditors.
- Review procurement related documents collected upon creditor onboarding by Creditors Clerks (i.e., purchase orders, supplier quotes, supplier invoices, supplier contracts, proof of banking details, supplier BEE certificates, etc.).
- Review beneficiary banking details on company’s banking profile loaded by Creditors Clerks.
- Administrate and file all procurement related documents and maintain an audit trail of any changes thereto.
- Assist the Financial Controller and 3rd party consultants with implementing the company’s B-BBEE strategy as it relates to Enterprise & Supplier Development (i.e., forecast preferential procurement, supplier development and enterprise development).
- Generate and present the creditors age analysis to the Financial Controller & CFO on a monthly basis and recommend remedial actions, incl. negotiation of credit terms with creditors where appropriate. Ensure that the creditors age analysis agrees to general ledger and creditors ledger.
- Conduct monthly review of top 20 creditors.
- Initiate hedging of foreign creditor invoices / assist with company’s hedging strategy in line with company policy with the support of the 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 Creditors Clerks.
- Review of Creditor Clerk reviewed system-generated profit share reporting for payment to 3rd party sales channel partners.

**What’s in it for YOU?**
- A career step-change for any self-driven finance professional.
- Exposure to the exciting field of fintech with a growing,


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