The first Woolworths store opened its doors to the public in Cape Town in October 1931. And it was founder Max Sonnenberg who captured the public’s imagination with dynamic store policies that set Woolworths apart from its competitors.
Three years later, a second branch opened in Durban, with another two in Port Elizabeth and Johannesburg a year later. And...
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To provide the business with a payment processing service including all the required accounting policies, procedures and processes to ensure the effective recording of all payments for all local trade suppliers for goods and services.
Job description
Ensuring timeous and accurate payments for all creditors based on standard payment terms.
Responsible for ensuring effective transactional processing of payments to joint venture and EDI suppliers.
EDI payments to local suppliers
Ensuring standardization of payment terms for all creditors.
Ensuring settlement discount is accurate and complete.
Ensuring that invoice discrepancy report is reviewed daily, and all exceptions cleared timeously.
Ensuring all debit balances, debit and credit memos are recovered timeously
Ensuring all queries is resolved timeously.
Provide assistance and information to resolve reconciling items on clearing accounts, including commitment accounts, and REIM clearing accounts
Provide assistance and information to clear reconciling items on weekly unmatched receipts to GL reconciliation.
Responsible for ensuring that accurate and complete provisions relating to local suppliers are raised.
Responsible for ensuring that monthly/quarterly meetings are held with suppliers to identify and clear long outstanding and disputed items
Responsible for ensuring effective overall understanding of the technical processes relating to local suppliers to facilitate resolution of breakdowns in systems integration.
Responsible for ensuring effective transactional testing of enhancements to the local payable processes, including implementation and change management.
Responsible for Operational Reporting in line with best practice.
Assist in ensuring effective on-boarding of suppliers and buyer/suppler compliance to the opening / amending of supplier accounts
Compliance with best practice internal controls and accounting practices.
Establish SLA with key stakeholders.
Implement the optimal organizational structures for local creditors
Responsible for ensuring that month end deliverables are delivered timeously and accurately
Responsible for ensuring that year end audit deliverables are achieved
People management, IPM, development plans, leave, etc
Minimum requirements
Sound understanding of accounting processes and practices
Able to draft concise performance reports
Able to influence BU management with regard to process compliance and risk management
Strong management and leadership skill
B.Com or Equivalent
4-5 years management experience
Experience in developing accounting processes and procedures
Gmail
Yahoomail