Finance Operations Accountant
Job
Overview
South Africa, Johannesburg, South Africa
- Finance, HR and Administration
- Contract
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Key Responsibilities:
- Perform regular reconciliations of AP and AR accounts.
- On a monthly basis, process all relevant transactions in the sub ledgers of AR and AP with special note on overdue items and making appropriate disclosures to the General Accounting Manager.
- Support monthly closing activities by ensuring proper cut-off and accuracy of entries.
- Participate in process improvement initiatives and the implementation of automation tools.
- Invoice Reception and Validation – Ensure that all invoices are supported with an authorized signature and are cross checked against a valid PO and PR prior to capturing and paying.
- Prepare a monthly Vendor Reconciliation (Identify Key vendors, obtain vendor statements and reconcile to the GL follow up and clear long outstanding unreconciled balances.
- Review and verify the payment terms, perform (automated) match - PO-based (banking detail to be managed by treasury).
- Generate payment proposal and review before submitting the general accountants and General accounting manager approvals.
- Review payment run to ensure that all payments that were submitted for payment were paid.
- Monitor the AR ageing report, follow up on outstanding balances, and escalate overdue receivables when needed.
- Cash collection - Responsible for monitoring receipt of cash flows from customers.
- Receivables monitoring and follow-ups (Reviewing aging reports, identifying overdue accounts, initiate legal discussions and escalations if necessary).
- Reconcile balances monthly - Once all discrepancies have been investigated and adjustments made compare final balance in AR to the customer statement and payment receipts.
- Close collaboration with Operations on the AR ledger maintenance (Billing, accounts reduction).
- Perform monthly bank Reconciliations using bank statements and being responsible to identify and follow up on all unreconciled balances whilst ensuring that the balances on both the bank statement and cash book agree.
- All allocations from bank statement must be allocated to the correct general ledger account (GL/AP/AR FA).
Qualifications and Skills Requirements:
- National Diploma or BComm Degree in Accounting/Financial Management.
- Qualified accountant with additional relevant qualifications.
- At least 2-3 year experience in the accounting preferably in Accounts Payable or General Accounting.
- Knowledge of both IFRS as required and applied to the IPP business.
To apply for this opportunity please email our exceptional recruitment consultant Roystone James at roystone.james@trssa.com / za.trsadd@trssa.com or apply via the link below.
We are an equal opportunity employer. All qualified individuals will receive consideration for employment without regard to race; color; age; sex; sexual orientation; gender identity; religion; national origin; disability; veteran status; genetic information; or any other criteria protected by governing law.
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