Financial Accountant: Transactional Finance at Cell C

Purpose of the Job:

• To ensure that the departmental accounting systems, policies and procedures are being implemented. To verify the validity, completeness, integrity, and accuracy of financial information.
• The purpose of the role is managing and overseeing the accounts receivable process, ensuring accurate and timely processing of invoices, payments, and collections. This role requires strong analytical skills, attention to detail, and the ability to work collaboratively with other departments.

Main Responsibilities/Accounts Receivable
Customer billing oversite

• Review and reconcile invoices generated by billing systems and manual for postpaid, prepaid, roaming, enterprise, and wholesale customers
• Ensure accuracy of billing based on contract terms and usage data
• Collaborate with billing teams and any other relevant teams to fix discrepancies
• Apply accurate accounting treatments for all customers’ invoices manually processed
• Collaborate with the Gross Margin teams to align on deferred revenue and unearned income accuracy
• Process invoices, credit notes, refunds, write-offs, and billing adjustments
• Analyze and provide commentary on monthly billing movements

Month End Duties

• Monthly reconciliation of related parties and customer/Supplier control accounts
• Monitor accuracy of receipt applications and ensure that customer remittances are accurately applied on customer accounts
• Calculating revenue amounts to be accrued and perform the relevant journals
• Calculate and account for any relevant discounts
• Prepare reconciliations for all revenue and expense accounts
• Investigate any discrepancies and alert the Financial Reporting team with any late adjustments to revenue figures
• Provide commentary for movements between different periods
• Populate supporting information relating to revenue and cost drivers
• Perform reconciliations for relevant General Ledger accounts
• Evaluate the need of official processes/procedures for the tasks under responsibility and implement them with the collaboration of Continuous Engineering
• Annual assessment of the written procedures/ instructions with the need of the activity and eventually promote the updates on the system

Credit Control & Collections

• Monitor Customer Aging and outstanding balances
• Manage the collection process and pro-actively manage the collection process
• Follow-up with the collection team on statuses of upcoming receipts
• Report on risk in the Receivables book and mitigating actions
• Manage Netting process on accounts where netting is permissible
• Monitor Customers Credit limits and ensure that limits are adjusted according to policies and follow the necessary approval process

Reporting

• Analyze the age analysis for ECL purposes
• Assist with monthly and year-end closure processes
• Support Internal audits and any tax requirements from the tax team
• Provide Monthly reporting with commentary on the Age and other related accounts receivables accounts
• Perform any other related duties as requested by Management
• Assist Management with any other duties required at a point and time
• Ensure adherence to internal controls and external / Internal audit requirements

Main Responsibilities/Payable Manager
Day-to-Day Deliverables

• Reviewing and Approving Stack Up Liabilities Recons
• Releasing of invoices that are on Hold
• Cancelling incorrectly processed invoices
• Approving Batched recons for Treasury
• Reconciling critical Cell C Vendors
• Approving Utility Account Payments
• Reviewing and Approving Manual recons for foreign suppliers
• Resolving day-to-day supplier queries
• Manager Netting process on accounts where netting is permissible

Month End Duties

• Reviewing and Approving of Franchise & Company-Owned Stores Recons
• Preparation and processing of Prepayment Journals
• Review and Approving of Balance Sheet month-end reconciliations
• Preparation and review of supplier age analysis
• Preparing Month end report and Commentary for top Suppliers
• Preparing Liabilities File for reconciliation
• Accruals of operating expenses
• Related Party recons
• Related Party reconciliations Confirmations

Compliance and Controls

• Ensure adherence to internal controls and external audit requirements

Reporting

• Assist with request from the reporting team
• General AP age reports, cash flow forecasts related to supplier payments and accruals
• Support Internal audits and any tax requirements from the tax team
• Provide Monthly reporting with commentary on the Age and other related accounts payables accounts
• Perform any other related duties as requested by Management
• Assist Management with any other duties required at a point and time

Minimum Qualifications

• BCom Degree
• Honours would be an advantage

Experience

• 3 years plus within Financial Environment
• Strong Excel Skills
• 2 years plus Oracle experience in AR and AP
• Previous Telecommunication industry experiences an advantage

Competencies

• Understanding of accounting principles, financial reporting and data analysis
• Communication skills both verbal and written
• Problem solving and attention to detail
• Adaptability and ability and self-manage