Financial Officer Reference Number: 9993287 needed at Armscor

CRITICAL PERFORMANCE AREAS:

• Adherence to processes for the debtors functions by ensuring accurate processing of invoices to client in compliance with the accounting principles to avoid any significant audit findings.
• Follow up and obtain settlement from debtors within the prescribed time frames. 
• Oversee all financial transactions including accounts payable, receivable, and bank reconciliations. 
• Ensure compliance with financial regulations and standards. 
• Maintain accurate and timely financial records using Quicktrav. 
• Handling queries with regards to copies of invoices and statement required by client, credit notes to be issued if wrongly invoiced. 
• Follow-up on outstanding payments and update feedback. 
• Adherence to processes for the creditors functions by ensuring accurate allocation of transactions in compliance with the accounting principles to avoid any significant audit findings. 
• 100% conformance to due date of payments by suppliers and to avoid penalties on late payments. 
• Analyse and report on financial status, instituting cost-effective measures where necessary. 
• Capturing and certification of invoices for correctness enabling settlement. 
• Provide financial insights, analysis, and recommendations to support strategic decision-making.  

QUALIFICATIONS:

• National Diploma in Commerce with Accounting at 3rd year level.

 EXPERIENCE:

• 2 to 3 years in financial environment

 KNOWLEDGE & FUNCTIONAL SKILLS:

• Knowledge of legislation, contract conditions and financial systems (QuickTrav, Vat). 
• Familiar with company policies and practices. 
• Knowledge of Armscor’s procedures, standards and processes. 
• Knowledge of Accounts Payables/Receivables.