Job Title:
Accounts Payable - Team Lead
Job Purpose:
Our client is seeking a candidate to manage a team of Accounts Clerks, ensuring that all financial transactions are valid, accurate, and complete.
Responsibilities:
People Management
- Coach and support the team to ensure quality of delivery meets the required standards.
- Monitor and manage team performance, ensuring out-of-line situations are addressed promptly.
- Communicate information to team members in a timely, accurate, and clear manner.
- Ensure compliance with all Human Resources policies and procedures.
Creditors Management
- Ensure creditor remittances are processed and sent timeously.
- Maintain controls over the creditors ledger and identify weaknesses and risks within Accounts Payable.
- Post and allocate Accounts Payable transactions accurately.
- Review selected creditor reconciliations for accuracy and completeness.
- Review payment reconciliations prior to authorization.
- Prepare weekly and monthly cash flow forecasts and escalate potential cash flow issues to the Financial Manager.
- Liaise with creditors regarding payment queries and with the Group regarding cash flow queries.
- Assist the Accounts Payable team with payment and creditor-related queries.
- Monitor accruals and reconcile them against unauthorized and unreceipted purchase orders.
- Process and file authorized purchase order returns.
- Assist the Cashbook Assistant when required.
- Review foreign exchange documentation and liaise with bankers regarding forex-related matters.
- Provide first-line support for audit queries during the financial half-year and year-end.
- Finalize creditor reconciliations and ensure the creditors ledger balances with the general ledger.
- Adhere to policies and processes relating to purchase orders.
- Provide the Management Accountant with information relating to budget and forecasting queries.
- Assist with the rotation of duties within the banking cycle.
Qualifications & Experience:
- Matric certificate.
- 3–5 years’ experience in Accounts Payable and Cashbook.
- Currently studying towards a relevant degree in Finance.
- 3–5 years’ experience in online banking.
