Accounts Receivable Accountant at Sanlam Group

The Finance Shared Services function is responsible for delivering the following services to Sanlam Life and Savings, as well as other Clusters within Sanlam that make use of SAP S/4 Hana and related finance systems

• The execution of shared financial transactions through the Finance Shared Services
• Drive operational excellence and efficiency through finance process and technology optimisation
• Delivering an efficient financial control and compliance environment for SAP S/4 Hana and related finance systems
• Delivering on the consolidated financial reporting requirements for Sanlam Life and Savings

The incumbent is responsible for overseeing revenue recording (incl. sales and other income) and ensuring accurate, timely and completeness of invoicing in accordance with established policies and procedures.

What will make you successful in this role?

Manage payments and revenue recording

• Create down payment requests to specify the down payment parameters/details which will ensure a link to the specified invoices required for payment on the system
• Display down payment request to review that the down payment has been captured accurately and ensure any changes required to be made on the invoice are done
• Post down payments for them to be applied to the specific invoice affected within the sub-ledger and ensure timely posting for payment preparation
• Update the accounts receivable balance with the corresponding intercompany loan transaction and ensure they are posted correctly on the system in a timely manner
• Ensure payments are accurately allocated to corresponding invoice
• Extract debtor age analysis and do follow ups with clients on open balances
• Clear open items to a customer account manually by matching the relevant payments to the invoice and ensure reconciliation of the payments are accurately completed

Relationship

• Work collaboratively with other departments to ensure accurate client billing information.
• Work collaboratively with Accounts Payable for potential set-off.
• Work collaboratively with other Business Units to resolve queries which are hampering collections.
• Regular coordination and discussion with the other Business Units to resolve customer issues.

Ensure quality and optimisation

• Review activities executed by the Accounts Receivable Clerks to ensure the quality of service delivery
• Make recommendations to improve quality of invoicing procedures
• Identification and implementation of optimisation measures (e.g. standardisation and automation of processes)
• Investigate, resolve and report on customer queries

Qualification
Qualification and Experience

• Bachelor’s degree in Commerce, Accounting or Finance or relevant field/ similar qualification from a recognised institution

Experience

• 3 years of solid understanding of basic accounting principles, fair credit practices and collection regulations
• 2 years in-depth knowledge and understanding of accounts receivables, payment applications and invoicing
• 1 year experience with a relevant financial management system
• 1 year in-depth knowledge of credit authorisations, billing and collections procedures and practices