Finance Coordinator: Credit

Rory Mackie & Associates; Cape Town; On-site; ZAR 279,000 - 390,600; Full time

Job summary

A leading South African retailer is seeking a detail-oriented Credit Finance Coordinator who is a team player. The role involves daily systems reconciliation, capturing of collections, and monitoring of business control accounts. The ideal candidate should have a National Diploma in Accounting or a BCom, with 2-3 years of relevant experience, particularly in the retail industry. Strong Excel skills, excellent attention to detail, and solid communication abilities are essential for success in this fast-paced environment.

Qualifications

• 2-3 years relevant experience in a finance role.
• Experience with general ledger functions and month-end/year-end procedures.
• Retail industry experience is advantageous.

Responsibilities

• Reconciliation of daily transaction details.
• Capturing payments from various sources.
• Preparing annual financial statements.
• Administering departmental expense invoices.
• Facilitating the year-end audit process.

Skills

Strong Excel skills

Excellent attention to detail

Excellent communication skills

Strong financial accounting skills

Organizational skills

Interpersonal skills

Education

National Diploma in Accounting or BCom

Tools

MS Excel

Oracle Business Intelligence

Nexus Vision

Job description

Overview:

Our client is a leading South African fashion retailer with a well-established reputation in the clothing retail industry. The organisation operates in a fast-paced retail environment and is known for its focus on quality, customer experience, and operational excellence within the fashion and retail space.

They are looking for a detail orientated team player to join their team as a Credit Finance Coordinator. An individual who can meet deadlines, support the team and solve problems by maintaining composure and communicating effectively.

Responsibilities:

Daily systems reconciliation

• Reconciliation of daily transaction details in POS to Debtors system
• Investigation of reconciliation differences

Capturing of collections

• Process manual capturing of payments made by attorneys, outside collectors and administrators on behalf of customers

Account balance insurance

• Collection of Insurance data and liaising between internal and external stakeholders
• Processing of insurance invoices – following up with insurance provider and ensuring correct invoices are received
• Preparation of Insurance reconciliations
• Provide relevant customer information and insurance collection files to insurers

EFT and direct deposit rejections

• Request information from banks to give effect to rejected EFT and direct deposit payments
• Assisting during month end/periods of leave with the capturing of EDC Payments, correction of rejects etc.
• Posting of corrections to customer accounts
• Assistance with queries directed from credit services and external debt collectors

Bank accounts

• Assistance in the manual reconciliation of the electronic deposit and direct deposit accounts for the various countries
• Following up on reconciled items
• Monitoring of suspense accounts
• Ensure that all debit orders submitted are processed by the host banks and correctly recorded in the debtors system

Administration

• Capturing of departmental expense invoices
• Liaising with marketing department including weekly marketing reports
• Collection/administration of gift cards and account credits

Business control accounts

• Monitoring of business control accounts and investigation of anomalies

Monthly reconciliations

• Critical analysis of reconciliations including investigation of variances, ratio analysis and year on year comparisons

Month-end procedures

• Preparation of monthly expense variance reporting
• Assist the manager with monthly trade debtors and gross bad debt budgeting
• Assist the manager in calculating the cost of credit for reportingPreparation of cash versus credit sales reports
• Preparation of month-end journals
• Monthly expense forecasting and variance analysis
• Monthly trade debtors forecast reporting

Year-end procedures/annual audit

• Facilitate the year-end audit process with external auditors, including:
• Providing explanations for account movements, variances and reconciling items
• Provide data and source documentation requested for audit purposes

Annual financial statements

• Preparation of annual financial statements

Requirements

• National Diploma in Accounting or BCom
• 2-3 years relevant experience
• Experience with general ledger functions and the month-end/year-end close process
• Excellent working knowledge of MS Excel essential
• Experience in Oracle Business Intelligence and Nexus Vision preferable
• Excellent attention to detail
• Strong financial accounting skills
• Retail Industry experience would be advantageous

Competencies

• Strong Excel skills
• Excellent attention to detail
• Excellent communication skills
• Strong numeric, organisational and interpersonal skills
• Good technical and commercial skills
• Excellent communication and interpersonal skills with an ability to interact and gain respect and trust at all levels
• Proactive self-starter who thrives on being fully accountable for their work
• Strong initiative and ability to manage multiple projects to tight deadlines
• Must be detail-oriented with strong analytical skills whilst still being able to view the ‘Big Picture’
• Ability to work well with others and handle pressure and rapidly changing demands in a fast paced environment
• Ability to stay calm under pressure and meet strict deadlines
• Must be a flexible and adaptable person in terms of taking on responsibilities and covering for the work of others