Financial Accountant - Rebates

Lactalis South Africa; Stellenbosch; On-site; ZAR 30,000 - 50,000; Full time

Job summary

Lactalis South Africa is seeking a detail-oriented professional responsible for processing Variable Rebates within the dairy sector. The role demands good analytical skills and the ability to manage financial agreements accurately, ensuring compliance and efficiency within the trading team.

Qualifications

• Degree in Commerce or equivalent is essential.
• Experience in supervision and rebates management required.
• High level of computer literacy needed.

Responsibilities

• Generate rebate templates and monitor trading agreement submissions.
• Maintain contract system integrity and accuracy.
• Handle month-end duties and support audits.

Skills

Analytical skills

High accuracy and attention to detail

Problem solving skills

Ability to work independently

Education

B.Com or equivalent

Tools

Advanced Excel

Integrated systems experience

Job description

Role Purpose

Join our Lactalis SA. Lactalis is one of the major players in the Southern African Dairy Industry. This role will be responsible for processing Variable Rebates South Africa / P&L on all expenses.

Requirements

• B.Com or equivalent
• Good analytical skills
• High accuracy and attention to detail
• Good problem solving skills
• Ability to work independently and under pressure in a fast-paced environment
• Supervision and Rebates Management experience required
• Must be computer literate, have integrated system experience, and advanced Excel knowledge (advantageous)

Duties and Responsibilities

• Generate rebate trading term templates for the year for use by the sales team using Trade agreement system
• Trading terms submission templates (blank forms to the commercial team)
• Monitor trading agreement submissions, approvals, and adherence to LOA
• Capture trading terms on Contract System and prepare related review files for South Africa
• Make updates/corrections to the contracts in the system when needed
• Create Item Views on contract system as needed, ensuring alignment with sales cube information
• Assign system rights on contract system, managing terminations and changes
• Maintain item views on the Contract System (new products, etc.)
• Submit monthly/YTD sales to clients and verify sales against system payments for accuracy
• Create provisions for Distributors, ensuring accuracy of delivery information
• Create provisions for new contracts and stop/cancel terminated contracts
• Balance and validate month-end Shoprite systems vs Lactalis information
• Process results of Shoprite information on contract system for month-end accrual accuracy
• Calculate Agent Commission, create manual journals for monthly accruals
• Assist with promotional and ad hoc expense invoices from customers
• Verify invoices and resolve queries with debtors and the commercial team
• Provide GL/expense allocations to debtors for invoice processing
• Validate processing accuracy, query anomalies, and assist with discrepancies
• Handle ad hoc requests from the commercial team, debtors, and management
• Month End Duties: validate deductions, monitor deadlines, test report accuracy, review payments vs provisions, investigate anomalies, manage full month-end process, prepare management reports, ensure system balancing, prepare journals, and compile reconciliation files
• Growth Monitoring: track growth customers, reconcile accruals, prepare payments, assist with onboarding new companies, and support audits