Accounts Receivable Clerk

Who are we?
The Sanlam Life and Savings Finance Services (SLS) cluster is responsible for Sanlam’s retail business in South Africa. SLS provides clients across different market segments (entry-level, middle-income, affluent, professional market and business owners) with a comprehensive range of appropriate and competitive financial solutions. These include traditional life insurance risk and savings products, investment, retirement, health and fiduciary services. Designed to facilitate long-term wealth creation, protection and niche financing, these solutions are engineered around client needs.
As Wealthsmiths we believe in creating and cultivating a positive, energised working environment that gives you every opportunity to achieve success. Sanlam is committed to transformation and embracing diversity. This commitment is what drives us to achieve a diverse workplace with employment equity as a key goal to create an inclusive workforce, representative of the demographics of our society as well as people with disabilities.
The SLS Finance Services function is responsible for delivering the following services to SLS, as well as other Clusters within Sanlam that make use of SAP S/4 Hana and related finance systems: The execution of shared financial transactions through the Finance Shared Services Drive operational excellence and efficiency through finance process and technology optimisation Delivering an efficient financial control and compliance environment for SAP S/4 Hana and related finance systems Delivering on the consolidated financial reporting requirements for SLS Build a successful career with us
We’re all about building strong, lasting relationships with our employees. We know that you have hopes for your future - your career, your personal development and of achieving great things. We pride ourselves in helping our employees to realise their worth. Through its four business clusters - Sanlam Life and Savings, Sanlam Investment Group, Sanlam Emerging Markets, Santam, as well as MiWay and the Group Office - the group provides many opportunities for growth and development. What will you do?
This role is responsible to support the accurate, timely and complete execution of postings, monitoring and archiving of transactions in Accounts Receivable as per applicable set guidelines. What will make you successful in this role?
The key performance areas and tasks of this role are as follows:
Payment Processing
Assist with extracting Debtors Age Analysis reports to determine the debtors that are overdue for payment, by how long and the different values available on the system for each debtor
Perform manual clearing of payments once the payment has been matched to the customer invoice on the system and ensure the invoice has been cleared correctly for payment
Raise a payment on the customer account to post the correct bank statement amount on the debtor balance and to ensure accurate payment is processed by the debtor
Allocate payments to the invoices on the system to allow for a payment to be reconciled against the invoice and ensure there are no inaccurate clearing of incoming payments being performed
Carry out investigations on what invoice relates to what payment on the system and follow up with the customers to ensure accurate allocation of payments
Conduct frequent checks on open balances on the system to ensure all details on the debtor accounts are up to date and there are no outstanding payments
Perform intercompany postings
The Accounts Receivable clerk will be required to investigate which invoices the payment relates to by calling the respective customer to obtain feedback on which invoices the payment relates to or by identifying the invoices and matching them to a specific customer account
Relationship
Work collaboratively with Accounts Payable to ensure vendors are paid on time.
Work collaboratively with the Account receivable to communicate reasons for unpaid client invoices.
Work collaboratively with General Accounting teams to understand purchase order issues.
Qualification and Experience
Accounting related qualification or relevant field from a recognised institution
Certificate or Credit management Diploma from a recognised institution will be to your advantage
1 year of solid understanding of basic accounting principles, fair credit practices and collection regulations
1 year experience with a relevant financial management system
1 year in-depth knowledge of credit authorisations, billing and collections procedures and practices Knowledge and Skills
Must have good interpersonal skills
Demonstrate good planning skills
Must be quick to understand Sanlam operations as well as the technology used Personal Attributes Manages conflict - Contributing dependently Demonstrates self-awareness - Contributing dependently Optimises work processes - Contributing dependently Action orientated - Contributing dependently Core Competencies Cultivates innovation - Contributing dependently Customer focus