Accounts Receivable Controller

The Talent Room; Johannesburg; On-site; ZAR 300,000 - 480,000; Full time

Job summary

A dynamic opportunity has arisen at a financial services organization in Johannesburg for an Accounts Receivable Manager. The role focuses on supporting the revenue and debtors functions, requiring expertise in account reconciliation, financial reporting, and stakeholder management. Ideal candidates will possess a matric qualification and a relevant tertiary degree, coupled with prior experience in financial analysis and leadership. This position offers potential for growth and development within a dedicated team.

Qualifications

• Matric certification is required.
• Relevant tertiary qualification in accounting or finance is needed.
• Experience in the service industry is advantageous.

Responsibilities

• Reconcile allocated Balance Sheet accounts.
• Prepare reports on financial data and forecasts.
• Support the accounts receivable team and ensure adherence to policies.

Skills

Financial analysis

Leadership

Stakeholder management

Computer literacy

Experience with VLOOKUPs

Education

Matric

Relevant tertiary qualification

Tools

Pastel

Sage

Job description

Overview: Support the revenue and debtors function within the business.

Provide a support structure to all role players within the network. Main accountabilities include:

1. Reconciliation of allocated Balance Sheet accounts (Assets, Debtors, and Revenue).
2. Maintain fixed asset registers, ensuring assets are captured timeously and accurately.
3. Assist with the completion of CIPs for CAPEX.
4. Calculate provisions for Bad Debt.
5. Responsible for all accounts and confirmations.
6. Set objectives for the accounts receivable team that align with the accounting department's goals.
7. Negotiate with clients in cases of non-payment.
8. Prepare monthly, quarterly, annual, and ad-hoc forecasting reports upon request.
9. Stay updated on industry and legislative changes.
10. Ensure all team members follow correct accounting principles.
11. Ensure all revenue (invoices) is transferred accurately and completely into Pastel from the relevant ERP system.
12. Support Accounts Receivable Clerks daily and train new team members.
13. Provide accurate reports and analysis on financial data such as cash forecasting, sales statistics, and monthly net sales.
14. Track and follow up on outstanding payments to collect all revenue due.
15. Identify and mitigate risk by conducting credit checks on new clients.
16. Ensure timely payments and follow up on overdue accounts by implementing the receivables policy.
17. Create monthly payment collection feedback reports to help forecast cash inflows.
18. Monitor cash inflows through invoices, deposits, and collection correspondence.
19. Send statements and reminders to clients to keep accounts up to date.
20. Compile and provide accounts receivable reports, including ageing reports, cash forecasts, and collections analysis.
21. Maintain a debtors ageing of over 90 days below 5% of total.
22. Provide sales reports (weekly, monthly flash, and month-end revenue reconciliations).
23. Reconcile allocated bank accounts by reporting deadlines.
24. Assist in local and group audits.

Qualifications and Experience:

• Matric
• Relevant tertiary qualification
• Computer literacy
• Accounting background (advantageous)
• Experience with VLOOKUPs
• Experience with Pastel / Sage
• Functional knowledge of accounting standards and statutory regulations
• Financial analysis skills
• Business expertise
• Preferable exposure to the service industry
• Leadership and staff management abilities
• Ability to manage deadlines and projects
• Stakeholder support and influence skills