NSA Coordinator: Accounting

POSITION/TITLE            :NSA Coordinator Accounting

GRADE                              :F4 / EVP-97

DEPARTMENT                   :Finance

QUALIFICATIONS / REQUIREMENTS

Minimum Requirements / Qualification:

• Minimum qualification: Degree / Btech in Accounting or any related field
• 3 to 5 years’ experience in accounting environment, particularly accounts receivable and supervision role

                                                         KEY PERFORMANCE AREAS

• Monthly preparation and overseeing of reconciliations over accounts receivable (General ledger and Sub ledgers)
• Monthly preparation of Accounts receivable reporting (Age analysis, Overdue receivables, Tracking & analysis)
• Monthly processing of debtor revaluations
• Monthly liaison, reconciliation and inter-Company balancing of Accounts receivable and Sales with Group Companies, including resolution of differences (if any).
• Monitoring/Tracking of receivables balances and aging vs credit/payment terms given (Credit risk control)

• Debt collection and recovery follow up and tracking of overdue amounts with Debtors in order to collect.
• Monthly provisioning for VMS interest and necessary VMS provisions
• Daily processing and matching of receipts from debtors to correct accounts and invoices within SAP
• Confirmation and validation of new customer master data creation or changes
• Control over debtors not paying regularly (Account blocking in accordance with policy)
• Financial Accounting half yearly postings for effective interest on debtors and fair value adjustment of debtors/sales in accordance with IFRS
• Recommendation and escalation of debtors posing credit risk to company, including steering the process, providing for the debtors, and potentially doing the bad debt write off
• Compliance to VAT act
• Projections and forecasting of timing for receipts from debtors
• Forecasting and Budgeting for Accounts receivables balances
• Review of account reconciliations

• Report to Japan on Accounts receivable balance position (as affects cash flow and Inter-Group reporting)
• Maintenance and regular confirmation of bank guarantees in place for foreign P&A debtors
• collecting process supervision and overview

KPA

• Overdue debtors minimized, within 2% of total balance of debtors. (All debtors pay within payment terms granted)
• Strict control and adherence to Company Policy and Controls over accounts receivable, receivables balance maintenance, including reconciliation maintenance.   
• Strong debtors, sales operations dept, and external stakeholders (NML, Bank etc) relationships formed and supported.   
• Accurate projection and forecasting of debtor’s balances and collections (timing of cash inflow) from these  
• Timely and accurate monitoring and reporting of debtor balances, overdue debtors posing credit risk, including escalating and driving the process to collect and recover the cash inflow. (including bad debtors)
• Ad hoc projects investigations and analysis, as may be required from time to time (RE Accounts receivable)                    

                                                      SPECIAL REQUIREMENTS

CRITICAL KNOWLEDGE

• Accounts receivable process and collection activities
• Knowledge and understanding of foreign exchange transactions
• VAT Act of South Africa & related
• MS Office (Excel, Word, Power Point)
• SAP (Accounts receivable & GL) (Preferred)
• Financial & General Accounting Standards Principles
• Working capital management
• Companies Act
• Motor Industry Knowledge/Manufacturing Knowledge (Preferential)

CRITICAL  ATTRIBUTES

• Excellent Interpersonal, people and team skills
• Ability to work independently
• Ability to network, manage and build relationship business partnering skill
• Good Communication Skills (Expression of self & understanding of others)
• Organisational/systematic/methodical ability
• Ability to co-ordinate ("process manage")
• Ability to identify problems and practical solutions to overcome problem(s)
• Advanced ability to use excel and understand systems
• Analysis, understanding and interpretation of data/information (Analytical skill)
• Ability to enforce policy and control without exception

Gauteng South Africa