Account Receivable

Responsibilities:

Credit Control:

• To lead the credit control function in ensuring that:
• The credit terms of the company are met by the customers.
• Up to date customer reconciliation’s are maintained.
• DSO, cash collection, overdue and ageing targets are met.
• A Proper matching and allocations of payments exist.
• All claims are recorded timeously and communicated to the relevant parties.
• Customer reconciliations to internal debtors’ accounts are cleaned monthly.
• All claims are cleared timeously.
• Credit reference checks on customers as and when required.

Financial Management:

• Set and deliver on business targets within agreed mandates.
• Analysis and reconciliation of all relevant GL accounts.
• Analysis and understanding of trading term provisions and ensuring that these are adequately and properly accounted for in the accounting records.
• Ensure that all marketing allowances are adequately provided for on the balance sheet and timeously recognised on the income statement.
• Proper and timeous reconciliation of all Debtors accounts.

Account Management:

• To effectively manage and influence the following through interaction with the Sales department:
• Clearing of all pricing claims.
• Matching of co-op claims to TSA’s.
• Allocation and approval of co-op claims.
• Ensure that all approved co-op claims are recorded by customer.
• Ensure minimal outstanding items appear on the auto contra account.

Financial Risk Management:

• Assessing the risk of current customer accounts and highlighting these issues to management.
• Managing the adequacy of Bad debt provisions through risk assessment of customers.
• Effectively work in conjunction with the FBP: (entire Sales team) in order to identify and highlight risks to the business in terms of marketing allowances and to identify potential misstatements to the accounting records.

Financial System Management:

• Responsible for the maintenance of the discounts master file ( Set-up of new discounts/Trading Terms)
• Responsible for the auditing and maintenance of the customer master file.
• Ensuring annual changes are done timeously on SAP in accordance with trading terms.
• To monitor and ensure compliance of the Order to Cash Cycle in terms of S404 Sarbannes Oxley and audit requirements.

People Management:

• Manages labour relations by:
• Ensuring that all employees are full conversant with IR procedures and policy.
• Instilling a culture of resolving employee relations issues through informal dispute resolution procedures.
• Ensuring that formal disciplinary cases are properly prepared and conducted.
• Ensure effective management and application of the performance management process.
• Assess manpower requirements and develop, implement and monitor succession planning principles.
• Plans appropriate employee training and development, in order to ensure the continued and smooth operation of the department.
• Develops and maintains an effective operational organisation to ensure maximum utilisation and development of subordinate staff.
• Co-ordinates and manages all plant staff training.

Requirements:

• A B.Comm degree / 3 year business related qualification / CA/CIMAS qualification
• Minimum of 5-8 years experience, of which 3 years are at management level, preferably in FMCG.