Creditors Team Lead

Found in: Talent ZA C2 - 2 weeks ago

Umhlanga, South Africa iKhokha Full time
Job Description

Are you ready to lead the charge in shaping financial success?  

The iK Tribe is searching for a dynamic Creditors Team Lead to join our ranks and drive excellence in managing our accounts payable processes. If you have a knack for team empowerment and a passion for precision then this is your opportunity to go against the grain and make a substantial impact in our business.   

So, what will you do?  

You will ensure accurate and efficient management of the company’s creditors book, with an emphasis on reviewing the output of an in-house creditors team and ensure compliance with company policy with respect to creditors. 

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

In addition to the above, you will: 

  • Review payment reconciliations between purchase orders & creditor invoices prepared by Creditors Clerks and investigate any variances noted. 

  • Provide input into the development of a sound system of internal controls over the creditors function with the assistance of the Financial Controller.  

  • Review all accruals listings generated by Creditors Clerks. 

  • Review the company’s creditor listing and investigate any unauthorised creditors. 

  • 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. 

  • Conduct 2nd line review of monthly company credit card statements and investigate any unauthorised payments raised by Creditors Clerks 

  • Review beneficiary banking details on company’s banking profile loaded by Creditors Clerks. 

  • Conduct monthly review of top 20 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.). 

  • Administrate and file all procurement related documents and maintain an audit trail of any changes thereto. 

  • Assist the Financial Manager 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). 

  • Assist the Financial Controller & Financial Planning & Analysis Manager with cash flow and working capital management. 

  • Generate and present the creditors age analysis to the Financial Manager & 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. 

  • Train and upskill a team of Creditors Clerks 

  • Initiate hedging of foreign creditor invoices / assist with company’s hedging strategy in line with company policy with the support of the Financial Manager. 

  • Review of system-generated profit share reporting for payment to 3rd party sales channel partners. 


Qualifications

  • Business administration/finance degree or diploma. 

Deal breakers: 

  • 5+ years’ experience leading an accounts payable / creditors team. 

  • Minimum book size of R25m plus. 

  • Prior experience in a technology, telecoms, large scale retail or FMCG environment. 

  • Advanced MS Excel experience. 

  • Practical experience in MS Dynamics 365 Business Central or similar accounting package. 

Additional Skills & Knowledge: 

  • Self-starter / entrepreneurial and willing to get their hands dirty in a company with a scale-up culture.  

  • 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. 



Additional Information

Perks of joining the Tribe?  

  • Work in a high-growth company with tangible results you're accountable for. 

  • Enjoy hybrid and in office work models. 

  • Competitive remuneration and benefits, including reduced Gap cover rates. Medical Aid and Group Risk scheme contributions. 

  • Visionary leadership. 

  • Seize the opportunity for study leave.   

  • Access to on-demand learning at your fingertips. 

  • Experience a friendly, collaborative culture with a team of all-round-lekker humans (it’s true, we surveyed our Employees, and they told us so). 

  • If you find yourself at HQ, coffee on tap and a selection of hot beverages provided by our very own onsite Barista.  

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