Cape Town: Finance Coordinator: Credit posted by Rory Mackie & Associates

Overview:

Our client is a leading South African fashion retailer with a well-established reputation in the clothing retail industry. The organisation operates in a fast-paced retail environment and is known for its focus on quality, customer experience, and operational excellence within the fashion and retail space.

They are looking for a detail orientated team player to join their team as a Credit Finance Coordinator. An individual who can meet deadlines, support the team and solve problems by maintaining composure and communicating effectively.

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

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

Competencies:

• Strong Excel skills
• Excellent attention to detail
• Excellent communication skills
• Strong numeric, organisational and interpersonal skills
• Good technical and commercial skills
• Excellent communication and interpersonal skills with an ability to interact and gain respect and trust at all levels
• Proactive self-starter who thrives on being fully accountable for their work
• Strong initiative and ability to manage multiple projects to tight deadlines
• Must be detail-oriented with strong analytical skills whilst still being able to view the Big Picture
• Ability to work well with others and handle pressure and rapidly changing demands in a fast paced environment
• Ability to stay calm under pressure and meet strict deadlines
• Must be a flexible and adaptable person in terms of taking on responsibilities and covering for the work of others