Financial Account Manager
1 month ago
We are seeking an experienced Financial Account Manager to join our team at Tower Group.
About the RoleThis is a permanent position based in the Northern Suburbs of Cape Town, South Africa.
Key Responsibilities:- Daily Duties:
- Process electronic fund transfers, credit card payments, and cash payments.
- Allocate and reconcile customer accounts, as well as inter-company debtors for all branches.
- Update BCB collections progress and perform credit vetting processes for all branches.
- Open debtors accounts within 30 days after credit vetting approval by the Financial Director (FD).
- Weekly Duties:
- Conduct debt collecting activities.
- Follow up on credit notes and debt collection progress with BCB.
- Monitor credits balances and overdue accounts.
- Cash banking activities.
The selected candidate will be responsible for the end-to-end management of the Accounts Receivable department, including:
- Creating new debtors accounts on Evolution software.
- Submitting and managing credit vetting processes with BCB for all branches.
- Processing customer payments and applying them to customer accounts locally and internationally.
- Managing inter-company debtors' payments for all branches.
- Reconciling customer accounts to ensure accuracy locally and internationally.
- Resolving customer billing disputes.
- Generating and sending statements to customers.
- FOLLOWING UP WITH CUSTOMERS regarding overdue payments.
- Maintaining online accounts receivable files and records.
- Producing monthly management reports for the FD.
- Assisting with other accounting matters as required.
- Identifying areas for process improvement and offering solutions.
- Assisting with year-end procedures and audits.
The ideal candidate should have experience in account receivable management, debt collection, and financial management. A degree in finance or a related field is preferred.
Salary:The salary for this position is estimated to be between R150,000 - R200,000 per annum, depending on experience.
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