Reports to: Financial Controller
Division: Finance
Department: Finance
Grade: M2
Direct reports: 0
JOB OVERVIEW:
The Accountant—Accounts Receivable is responsible for the management of the accounts receivable position, thereby ensuring accounts receivable are always reflected complete and accurate. The incumbent is in contact with the customers to ensure timely payment and reconciliations of the Yalelo (U) Limited third-party credit accounts. Together with the YK Accounts Assistant, the incumbent also makes sure that the AR/AP position between Yalelo (U) Limited and Yalelo (K) Limited is reconciled on a weekly basis. The incumbent is also the business partner for commercial, in that capacity there is involvement in expense reports, budgeting, ad hoc analyses and support and challenge on financial results.
KEY DUTIES:
- 100% accurate, complete AR position.
- Process and issue invoices upon confirmation of order fulfilment, and liaise with the distribution team for order fulfilment confirmations.
- Weekly accounts receivable customer statement reconciliation with key customers.
- Ensure target DSO is met; issue customer statements to credit customers, follow up on collections when accounts are due for payment (i.e. apply dunning process).
- All new customers onboarded according to policy (i.e. customer due diligence requirement).
- Responsible for accurate and complete intercompany accounts payable and accounts receivable following weekly reconciliation.
- Month-end close: 1) All AR transactions completed, and AR module closed off 2) System closed, data posted and reconciled to TB. Provision adjusted 3) ensure proper recording of all commissions for Glovo, MOMO, Flexipay and other direct discounted sales. 4) Conduct reconciliation of Sales to Revenues from all retail shops.
- Lead monthly channel margin analysis.
- Assist in the annual budget and midyear LE for commercial.
- Approve commercial expense reports mapping/routing <$1,000.
- Assist in developing and monitoring commercial KPIs providing the means to measure firm-wide financial progress.
- Business partner for commercial.
REQUIRED TECHNICAL SKILLS, TRAINING & EXPERIENCE
- Bachelor’s Degree in either Accounting, Finance or Business Administration or a related field
- Minimum of Second-class Upper bachelor’s degree in accounting.
- Professional qualification (ACCA, CPA) is an added advantage.
- At least 3 years of related work experience.
- Highly motivated, results driven, responsible and accountable.
- Self-sufficient, capable of independent decision making
