Financial Accountant : Transactional Finance

Cell C; Gauteng; On-site; ZAR 450 000 - 600 000; Full time

Job summary

A telecommunications company in Gauteng seeks a Financial Accountant to oversee accounts receivable and ensure accurate financial reporting. The ideal candidate has a BCom degree, strong analytical skills, and at least 3 years of experience in a financial environment, preferably in telecommunications. Proficiency in Excel and Oracle is essential for success in this role.

Qualifications

• 3 years plus within Financial Environment.
• 2 years plus Oracle experience in AR and AP.
• Previous Telecommunication industry experience is an advantage.

Responsibilities

• Ensure correct implementation of accounting systems and policies.
• Manage accounts receivable and ensure timely processing of invoices.
• Analyze age analysis for ECL purposes and assist with audits.

Skills

Analytical skills

Attention to detail

Communication skills

Problem solving

Education

BCom Degree

Honours

Tools

Oracle

Excel

Job description

At Cell C, we are not just a telecommunications company; we are a people-centric and consumer-focused organization committed to delivering exceptional experiences to our customers.

In line with our dedication to customer-centricity, we are seeking a seasoned professional to join our dynamic team as a Financial Accountant : Transactional Finance to join our dynamic team of #Unstoppables.

Purpose of the Job: To ensure that the departmental accounting systems, policies and procedures are being implemented. To verify the validity, completeness, integrity, and accuracy of financial information. The purpose of the role is managing and overseeing the accounts receivable process, ensuring accurate and timely processing of invoices, payments, and collections.

This role requires strong analytical skills, attention to detail, and the ability to work collaboratively with other departments.

Main Responsibilities / Accounts ReceivableCustomer billing oversite Review and reconcile invoices generated by billing systems and manual for postpaid, prepaid, roaming, enterprise, and wholesale customers. Ensure accuracy of billing based on contract terms and usage data. Collaborate with billing teams and any other relevant teams to fix discrepancies. Apply accurate accounting treatments for all customers' invoices manually processed. Collaborate with the Gross Margin teams to align on deferred revenue and unearned income accuracy. Process invoices, credit notes, refunds, write-offs, and billing adjustments. Analyze and provide commentary on monthly billing movements. Month End Duties: Monthly reconciliation of related parties and customer / Supplier control accounts. Monitor accuracy of receipt applications and ensure that customer remittances are accurately applied on customer accounts. Calculating revenue amounts to be accrued and perform the relevant journals. Calculate and account for any relevant discounts. Prepare reconciliations for all revenue and expense accounts. Investigate any discrepancies and alert the Financial Reporting team with any late adjustments to revenue figures. Provide commentary for movements between different periods. Populate supporting information relating to revenue and cost drivers. Perform reconciliations for relevant General Ledger accounts. Evaluate the need of official processes / procedures for the tasks under responsibility and implement them with the collaboration of Continuous Engineering. Annual assessment of the written procedures / instructions with the need of the activity and eventually promote the updates on the system. Credit Control & Collections: Monitor Customer Aging and outstanding balances. Manage the collection process and pro-actively manage the collection process. Follow-up with the collection team on statuses of upcoming receipts. Report on risk in the Receivables book and mitigating actions. Manage Netting process on accounts where netting is permissible. Monitor Customers Credit limits and ensure that limits are adjusted according to policies and follow the necessary approval process. Reporting: Analyze the age analysis for ECL purposes. Assist with monthly and year-end closure processes. Support Internal audits and any tax requirements from the tax team. Provide Monthly reporting with commentary on the Age and other related accounts receivables accounts. Perform any other related duties as requested by Management. Assist Management with any other duties required at a point and time. Ensure adherence to internal controls and external / Internal audit requirements.

Main Responsibilities / Payable ManagerDay-to-Day Deliverables Reviewing and Approving Stack Up Liabilities ReconsReleasing of invoices that are on HoldCancelling incorrectly processed invoicesApproving Batched recons for TreasuryReconciling critical Cell C VendorsApproving Utility Account PaymentsReviewing and Approving Manual recons for foreign suppliersResolving day-to-day supplier queriesManager Netting process on accounts where netting is permissibleMonth End Duties Reviewing and Approving of Franchise & Company-Owned Stores ReconsPreparation and processing of Prepayment JournalsReview and Approving of Balance Sheet month-end reconciliationsPreparation and review of supplier age analysisPreparing Month end report and Commentary for top SuppliersPreparing Liabilities File for reconciliationAccruals of operating expensesRelated Party reconsRelated Party reconciliations ConfirmationsCompliance and Controls Ensure adherence to internal controls and external audit requirementsReporting Assist with request from the reporting teamGeneral AP age reports, cash flow forecasts related to supplier payments and accrualsSupport Internal audits and any tax requirements from the tax teamProvide Monthly reporting with commentary on the Age and other related accounts payables accountsPerform any other related duties as requested by Management Assist Management with any other duties required at a point and time.

Minimum Qualifications BCom DegreeHonours would be an advantageExperience 3 years plus within Financial EnvironmentStrong Excel Skills2 years plus Oracle experience in AR and APPrevious Telecommunication industry experiences an advantageCompetencies Understanding of accounting principles, financial reporting and data analysisCommunication skills both verbal and writtenProblem solving and attention to detailAdaptability and ability and self-manage

Cell C is an equal opportunities employer, committed to fostering a diverse and inclusive workplace where all employees are treated fairly and with respect, regardless of race, gender, age, disability, or any other protected characteristic.