Manager: Creditor (Ref: 05/2024/19) at City of Johannesburg

KEY RESPONSIBILITIES 

•  To manage the unit and ensure effective and productive operations.
•  Payments management by monitoring and ensure compliance to the 30 days payment KPI, and any other relevant regulatory framework.
•  Ensure all creditors’ reconciliations are complete and done in the prescribed manner, assisting staff in this regard where required.
•  Verify accuracy of supplier reconciliation calculations, authenticity and completeness of supporting documentation.
•  Safeguard payment documents.
•  Support years-end processes including all audits.
•  Submit and manage cash flow reports for approval and payment purposes, engage Treasury and key stakeholders per payment process.
•  Oversee submission of the bank reports per payment run for operations and audit purposes.
•  Pro-active resolution of queries or any items that negatively impact the process of creditor’s management.
•  Develop, implement and monitor financial controls.
•  Review Suppliers Creditor reconciliations and address gaps.
•  Assess the 30 days payment risk from the daily extract of accounts payable reports and address gaps.
•  Assist in the monthly reporting to Risk Committee on risk mitigation and new risks identified and submit exception reports on potential risks.
•  Ensure compliance to various statutory regulations and keeping abreast of all legislative changes impacting the functioning of statutory returns e.g. VAT etc. and those changes to legislation are timeously incorporated in JRA policies and procedures.
•  Support the flow of payment documents to ensure timeous receipting and matching of invoices.
•  Draft policies and procedures affecting the unit and make recommendations to the Operations Manager for improvements.
•  Report to the Operations Manager on implementation progress on governance, risk and compliance.

REQUIREMENTS AND SELECTION CRITERIA

•  Bachelor’s degree in finance or relevant NQF Level 7 equivalent.
•  8 years’ experience in the discipline, inclusive of 5 years at middle management level.