Description:
The Accounts Payable ( Creditors) Manager will be responsible for overseeing the entire accounts payable function, ensuring timely and accurate processing of invoices, payments, reconciliations, and financial reporting. This role involves managing a team, handling supplier relationships, supporting audits, and ensuring compliance with financial policies and procedures.
The Key Functional Responsibilities:
1.Payment Processing & Authorization:
Approving weekly, bi-monthly, 25th, month-end and any special (e.g. insurance, Sizeka, ad-hoc) payments.
Overseeing and authorizing all corporate sundry reconciliations.
Reviewing and signing off on trade reconciliations.
2.Online Banking Management
Maintenance of the online banking recipient folders (regular clean out of old recipients).
Implement the use of the banking validation tool. Take learnings and recommend improvements.
Co-ordinate the maintenance of the bank users.
Ensure all payments are loaded correctly on the online banking platforms.
Preparing the documents and support for the Holding Company treasury requests and verifications.
3.Team Management & Development:
Managing a team, overseeing the processing of team capturing invoices and preparing reconciliations monthly.
Assisting the team with handling and resolving queries.
Interaction with other company departments, suppliers, and customers to resolve queries.
Supporting team development, including learnership programs and further studies, mentoring and coaching.
Overseeing the payables team’s leave planner and ensuring adequate staffing coverage.
4.Supplier & Contract Management:
Negotiating supplier year-end terms annually.
Completing and submitting for review credit applications, credit limit increase requests and any other accounts payable agreements.
Reviewing and approving all new creditor recipients.
5.Financial Reporting & Compliance:
Preparing MANCO reports for the payables team, covering GRNI, queries, and other key financial insights.
Assisting with cash flow management by providing payment estimates to the Reporting & Booking team for various scheduled payments.
Managing the BBEE audit process, including:
Extracting information from GP systems.
Preparing and submitting BEE schedules.
Arranging for all sample supported
Coordinating internal and external audits for accounts payable, including gathering supporting documentation and liaising with auditors.
Assisting the Reporting and Bookkeeping team with the annual financial statement disclosures for Creditors Payable.
Assisting with the yearly financial roll-over process.
Managing and overseeing Fiamme reporting and financial processing, including:
Separate company creditors, debtors, stock GRV, balancing financials, VAT reports, and monthly profit reporting.
Fiamme Fish Funding calculations and journal postings.<