4 weeks ago
Job title : Debtors Manager
Job Location : Gauteng, Johannesburg
Deadline : October 24, 2024
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Job Summary:
- The Credit Manager is responsible for overseeing and managing all aspects of the company’s accounts receivable functions. This role involves leading a team, ensuring accurate and timely processing of financial transactions, implementing and maintaining effective internal controls, and collaborating with other departments to optimize financial processes.
Key Responsibilities:
Supervision and Leadership:
- Lead and manage a team of 12 Debtors Administrators and 2 Debtors Supervisors, providing guidance, support, and training as needed.
- Foster a positive and collaborative work environment to ensure the team’s success.
Accounts Receivable Management:
- Oversee the invoicing process, ensuring accuracy and timeliness of customer reconciliations and query resolution.
- Monitor and manage customer accounts, ensuring timely collections and resolution of outstanding issues.
- Collaborate with internal and external stakeholders to manage and resolve queries and disputes.
Maintain effective credit and collections policies.
- Internal Controls and Compliance:
- Establish and enforce internal controls to safeguard company assets and ensure compliance with internal policies and procedures
- Regularly review and update AR processes to mitigate risks and improve efficiency.
Reporting and Analysis:
- Prepare and analyze AR reports for management, highlighting key performance indicators and areas for improvement.
- Provide insights and recommendations to improve cash flow and working capital management.
System Implementation and Optimization:
- Collaborate with the IT department to implement and optimize AR systems.
- Stay updated on industry best practices and technology solutions to enhance financial processes.
- Cash flow management
- Achieving efficient cash collection from customers on a daily, weekly, and monthly basis according to customer terms, while maintaining a balance between cash inflow and outflow. (Work closely with the Creditors Manager in terms of out flow)
Customer Credit limit management
- Daily Management of customer Credit limits. Assessment based on previous spending behaviour, payment records, and current exposure.
Cross-Functional Collaboration:
- Collaborate with Claims and creditors department to streamline end-to-end processes with the understanding of how the departments interlink.
- Collaborate with other internal departments to streamline end-to-end processes.
Inherent Requirements
- Completed Matric (a must)
- Bachelor’s degree in Finance, Accounting, or related field. (Advantageous)
- SAP (Advantageous)
- Computer literate and experience in Excel.
- Minimum of 5 years of experience in a similar role, with progressive responsibilities.
- Proven experience in managing accounts receivable functions.
- Strong leadership and team management skills.
- In-depth knowledge of financial processes, internal controls, and regulatory compliance.
- Excellent communication and interpersonal skills.
- Proficiency in accounting software and ERP systems.
- Analytical mindset with the ability to identify and implement process improvements.
- Understand age analysis of accounts and understand general ledger structures.
- Excellent professional work standard.
- Ability to work under pressure, multitask and prioritize tasks.
- Problem solving skills.
- Excellent time management and organisational skills.
- Attention to detail and high level of accuracy.
- must have own reliable car, able to travel, and possess valid driver’s licence.
How to Apply for this Offer
Interested and Qualified candidates should Click here to Apply Now
- Accounting / Financial Services jobs