Finance Coordinator: Credit, Cape Town

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 reportingPreparation 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

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