Finance Officer - Accounts Receivable

Sappi Southern Africa

Global Business Services – Umhlanga

Finance Officer – Accounts Receivable ( HRL 15 )

Sappi Southern Africa requires a Finance Officer – Accounts Receivable to support in the management of Sappi Southern Africa’s (SSA) customer accounts’ that is in accordance with the approved credit policies, procedures and satisfy the requirements of external stakeholders (customers, banks and regulatory authorities).

REPORTING TO: Financial Manager – Accounts Receivable

MAIN RESPONSIBILITIES

Personnel

Supervise credit controllers and review their work performed to identify and close gaps, improve processes, and to ensure alignment to business processes and procedures.

Provide coaching and guidance to credit controllers with complex customer reconciliations, interest calculations, customer queries and ad-hoc requests.

Reviews

Review of analysis performed by the credit controllers for new and existing customer accounts and to collaborate this process with reviewing credit bureau data, financial statements, validating information before submitting to management for approval.

To guide the team to conduct data analysis of customer accounts daily to identify risks, ensure appropriate controls are in place and resolve customer queries timeously.

Perform spot checks on customer line items in SAP to ensure the correct payments are allocated to the correct customer accounts, discount allowed is reflected or disallowed where applicable, interest is charged if applicable and overdue amounts are disclosed.

Implement preventative controls to avoid non-compliance with statutory and regulatory requirements, loss of revenue, deterioration in cash and bad debts.

Review Overdue and Ageing Reports to identify insurance gaps and ensure all measures are taken to obtain the maximum coverage and recover on overdues.

Monitor, track and review all overdue balances and address concerns with management timeously.

Review of interest journals after review of bank statements and account clearings.

Conduct monthly meetings with internal stakeholders, including the preparation of the overdue reports with analysis and explanations.

Review and acquire approval of rebate payments after confirming the cash forecast and customer payment terms are within the business process.

Ensure compliance to Sappi’s Internal Controls over Credit Risk in respect of payment terms and risk rating changes.

Provide a support function to the Financial Manager: Accounts Receivable with Global alignment and various projects.

Reporting

Compile reports for senior management review, encompassing risks identified to enable informed decisions to be made over key critical processes such as cash forecasting.

Prepare the monthly securitisation trial, final reconciliation and all functions associated to the closing balances.

Gather and coordinate information in the preparation of bi-annual board papers that entails customer trading history, credit and insured limits.

Extract, analyse and prepare the monthly reports which includes Debtors days, Late payers list, Top 10 Customers, SSA Credit Risk Report, Credit Insurance Declarations and other credit reports.

Group and coordinate information in the preparation of the CFO’s report and BP7 Trade Receivables quarterly.

Gather and coordinate information and data from SAP in preparation of budgets, forecasts and information required for quarterly and bi-annual reports.

Assist with adhoc reports and identify changes in the SOP and update accordingly.

Cash Forecasting

Monitor the cash management process which includes cash application and cash clearing.

Prepare weekly cash forecast file by extraction of SAP reports and generating four weekly cash forecast, continuous tracking of cash movements and proactively identifying deviations. The variances should be investigated and escalated to the Financial Manager: Accounts Receivable to create awareness.

The ideal candidate would have:

Relevant B Com degree with Credit Management qualification or studying towards one.

Minimum 3 years’ experience in an Accounts Receivable role.

Closing date: 11 August 2020

How to Apply? Please click on one of the buttons below. If you encounter any issue while applying contact your HR contact .

Feel free to visit our website for further information www.sappi.com

Sappi is committed to creating a diverse environment and is proud to be an equal opportunity employer. All qualified applicants will receive consideration for employment

without regard to race, color, religion, gender, gender identity or expression, sexual orientation, national origin, genetics, disability, age, or veteran status.

Should you not have been contacted within 14 days of the closing date of this advert, please consider your application unsuccessful.

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