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JOB NAME

Manager: Cash Management and Accounts Payable [GP ZA (Primary)]

POSTED BY: Industrial Development Corporation
REF:IDC 162
Date Published:12 October 2021
Date of Expiration:10 April 2022 EXPIRED
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LOCATION OF THIS JOB

South Africa | GP ZA (PRIMARY) in South Africa

INDUSTRY

DEVELOPMENT FINANCE INSTITUTIONS

JOB TYPE

Full-Time

MAIN JOB DESCRIPTION

Organizational Unit Industrial Development Corporation Ltd ->
Group Finance -> Financial Management
Job Type Full-time
Category Finance
Education Level Bachelors Degree
Location GP ZA (Primary)Head Office Sandton - Sandton, GP ZA

JOB DESCRIPTION
A permanent position exists at our Head office in Sandton for a Manager: Cash Management and Accounts Payable within the Financial Management Department reporting to the Financial Manager.

JOB PURPOSE
To manage and supervise the accounts payable as well as cash management functions within Financial Management.

KEY RESPONSIBILITIES
The key functions of the position include:
1. Provide leadership and guidance to the accounts payable and cash management functions including mentoring, coaching and upskilling of team members
2. Setting the tone for the functions and ensuring morale is maintained at a high level and that business processes flow smoothly
3. Ensure that daily accounts payable related payment requests and loan disbursements are processed and that documentation is checked and circulated to Cash Management timeously
4. Follow up on any payment proposals that may be rejected and provide guidance to correction
5. Monitor level of accounts payable and cash management queries from both within and outside the IDC and ensure that they are cleared timeously
6. Ensure that administrators maintain an appropriate document flow including timeous processing and provide guidance where they may need any
7. Review daily cash status position timeously and authorise surplus or shortfall for action by the Corporate Treasury department
8. Review MS Teams payment channels daily to ensure that completed Electronic Funds Transfer (EFT) have been appropriately checked and authorized
9. Assist in the processing of any urgent/unplanned payments as and when they arise – including engaging signatories and assisting with input into additional funding required if applicable
10. Review and authorise petty cash reimbursement
11. Monitor performance of both the accounts payable and cash management functions to ensure that they operates optimally within agreed timeframes per internal SLA’s
12. Perform/review monthly creditors reconciliations on all major suppliers
13. Perform the monthly reconciliation of trade creditors general ledger account and close out on any long-outstanding items
14. Perform the monthly review of open items in the AP module to ensure that all items are in process
15. Check the MS Teams channels for any unprocessed invoices and allocate them to the team accordingly
16. Deal with bank queries on an ad hoc basis
17. Call on the EFT cheque signatories to ensure that the process is flowing smoothly and provide training and support to newly appointed signatories
18. Update internal systems and procedures relating to the accounts payable and cash management functions as required

REQUIREMENTS FOR THIS JOB

KNOWLEDGE AND EXPERIENCE
1. Money Market instruments & processes
2. Cash flow computation & planning
3. Team management experience
4. Detailed exposure to complex accounts payable reconciliations
5. Understanding of the principles of internal controls applied to the particular areas of responsibility
6. Working knowledge of Value Added Tax
7. 2 years practical commercial experience after articles in a similar working environment SAP & Microsoft Teams

COMPETENCIES
1. Verbal and written communication skills;
2. Ability to write systems and procedures
3. Planning and organizing
4. Problem solving
5. Numerical ability
6. Customer focus

QUALIFICATIONS
1. Finance related degree (e.g. BCom)
2. Completed articles will be an added advantage.

REQUIREMENT:
As our entity (IDC) Provides financing & funding, the need to ensure trust, honesty and integrity in all financial & non-financial activities must be above reproach