Job Description
About the Role
Our client, a leading South African fashion retailer, is seeking a detail-oriented Finance Coordinator to join their team as part of their credit finance department. The ideal candidate will be a team player who can meet deadlines, support the team, and solve problems by maintaining composure and communicating effectively.
Key Responsibilities
- Daily systems reconciliation
- Reconciliation of daily transaction details in POS to Debtors system
- Investigation of reconciliation differences
- Capturing of collections
- Process manual capturing of payments made by attorneys, outside collectors and administrators on behalf of customers
- Account balance insurance
- Collection of Insurance data and liaising between internal and external stakeholders
- Processing of insurance invoices – following up with insurance provider and ensuring correct invoices are received
- Preparation of Insurance reconciliations
- Provide relevant customer information and insurance collection files to insurers
- EFT and direct deposit rejections
- Request information from banks to give effect to rejected EFT and direct deposit payments
- Assisting during month end/periods of leave with the capturing of EDC Payments, correction of rejects etc.
- Posting of corrections to customer accounts
- Assistance with queries directed from credit services and external debt collectors
- Bank accounts
- Assistance in the manual reconciliation of the electronic deposit and direct deposit accounts for the various countries
- Following up on reconciled items
- Monitoring of suspense accounts
- Ensure that all debit orders submitted are processed by the host banks and correctly recorded in the debtors system
- Administration
- Capturing of departmental expense invoices
- Liaising with marketing department including weekly marketing reports
- Collection/administration of gift cards and account credits
- Business control accounts
- Monitoring of business control accounts and investigation of anomalies
- Monthly reconciliations
- Critical analysis of reconciliations including investigation of variances, ratio analysis and year on year comparisons
- Month-end procedures
- Preparation of monthly expense variance reporting
- Assist the manager with monthly trade debtors and gross bad debt budgeting
- Assist the manager in calculating the cost of credit for reporting
- Preparation of cash versus credit sales reports
- Preparation of month-end journals
- Monthly expense forecasting and variance analysis
- Monthly trade debtors forecast reporting
- Year-end procedures/annual audit
- Facilitate the year-end audit process with external auditors, including:
- Providing explanations for account movements, variances and reconciling items
- Provide data and source documentation requested for audit purposes
- Annual financial statements
- Preparation of annual financial statements
How to Apply
Click the green “Go Apply” button below to apply directly online with the employer.
About Other Retail Jobs in Western Cape
In the Western Cape, the retail industry is a significant sector, employing thousands of people and contributing substantially to the regional economy. Typically, roles within this field involve supporting sales teams, managing store operations, and providing exceptional customer experiences. Generally, these positions require a combination of business acumen, communication skills, and flexibility.
When it comes to salary expectations for retail positions in Western Cape, it’s difficult to pinpoint exact figures due to the variability in factors such as experience, company size, and industry sector. However, broadly speaking, salaries for entry-level retail roles can range from around R20 000 to R40 000 per annum, while more senior or specialist roles may command salaries between R60 000 to R120 000 per annum. Experience, qualifications, and specific job requirements often influence actual salary ranges.
Common skills required for retail positions include excellent communication and interpersonal skills, the ability to work in a fast-paced environment, basic knowledge of point-of-sale systems and inventory management, as well as the capacity to adapt to changing sales trends and customer needs. Retail managers may also need to possess strong leadership and analytical skills, while those in more technical roles might require expertise in areas such as supply chain management or data analysis.
The retail industry is a diverse sector, employing professionals in various types of stores, from high-street retailers to specialist boutiques. Financial services sector companies often have large retail operations, while technology industries frequently incorporate e-commerce and digital sales platforms into their retail strategies. Manufacturing companies may also have retail arms for direct sales or product demonstrations.
Career development opportunities exist throughout the retail industry, with many roles offering potential for promotion to senior management positions or specialized departments such as visual merchandising or customer service training. Typically, employees in this field can expect to gain valuable experience and develop new skills through ongoing training programs, which may include leadership development courses, sales strategies workshops, or technical skill-building sessions.
This information provides general career guidance. Actual salaries and requirements vary by employer.
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