Cape Town City Centre: Finance Coordinator: Credit

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.