Job Description
About the Role
Our client, a leading South African fashion retailer, is seeking a detail-oriented Credit Finance Coordinator to join their team in Cape Town City Centre. The successful candidate will be responsible for maintaining accurate financial records, investigating discrepancies, and ensuring compliance with company policies.
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
- 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 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
- 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
Requirements
National Diploma in Accounting or BCom
2-3 years relevant experience
Experience with general ledger functions and the month-end/year-end close process
Excellent working knowledge of MS Excel essential
Experience in Oracle Business Intelligence and Nexus Vision preferable
Excellent attention to detail
Strong financial accounting skills
Retail Industry experience would be advantageous
Qualifications
Formal education/certifications: National Diploma in Accounting or BCom
Salary & Benefits
Salary information not specified.
Note: The salary section was left blank as it was not mentioned in the original job description.
How to Apply
Click the green “Go Apply” button below to apply directly online with the employer.
About Accounting / Finance Jobs in Cape Town Region
In the Cape Town region, accounting and finance positions are typically found in various industries, including financial services, technology, and manufacturing sectors. The job market for these roles is generally stable, with a steady demand for skilled professionals to support business growth and development.
Accountants and finance specialists in Cape Town can expect salaries that range from R400 000 to R1 500 000 per annum, depending on factors such as level of experience, company size, industry sector, and specific job requirements. For example, entry-level positions may start at the lower end of this range, while senior roles or those in larger companies may command higher salaries towards the upper end. However, these figures are only general guidelines and actual salaries can vary significantly depending on individual circumstances.
Common skills required for accounting and finance roles in Cape Town include proficiency in financial software such as SAP or Xero, strong analytical and problem-solving skills, excellent communication and interpersonal skills, a solid understanding of tax laws and regulations, experience with budgeting and forecasting, and a degree in accounting or a related field. Other desirable skills may include knowledge of cloud-based technologies, data analysis tools, and industry-specific regulations.
The financial services sector is one of the largest employers of accountants and finance specialists in Cape Town, followed by technology and manufacturing industries. These sectors require professionals with a strong understanding of financial management, budgeting, and forecasting to support business growth and decision-making. Other industries that may employ accounting and finance staff include construction, tourism, and agriculture.
For those interested in pursuing a career in accounting or finance, there are many opportunities for professional development and advancement. Many companies in Cape Town offer training programs and mentorship schemes to help employees build their skills and expertise. Additionally, certifications such as the Certified Public Accountant (CPA) designation can be beneficial in enhancing career prospects. Overall, a strong foundation in accounting and finance, combined with relevant work experience and industry-specific knowledge, can lead to a successful and rewarding career in this field.
This information provides general career guidance. Actual salaries and requirements vary by employer.
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