Assistant Accountant - Credit Control at PZ Cussons

Account Receivable management

• Ensure internal controls around accounts receivable are complied with
• Ensure customer account are reconciled, circularized and balances signed off with Customer on quarterly basis
• Ensure that customer credit is managed as per company policy and Budgeted debtors days are achieved through timely collection of overdue accounts
• Liaise with customers to ensure good customer relationship is maintained
• Ensure that customers settle their accounts on a timely basis as per the approved terms
• Accurate Allocation of receipts from customers.
• Customer statement of account reconciliations
• Ensure an exemption report of accounts with exceeded limits is generated monthly and circulated to HOF, MD and Heads of Sales
• Ensure that exemption reports on customers with overdue accounts are generated and circulated to members of the management team on a weekly basis i.e. on Mondays after week end close
• Ensure customer statement are generated and circulated on a monthly basis for onward distribution to customers by the 2 day after month end close
• Ensure that customer accounts aging analysis is generated, reviewed and red flag raised on customers with overdue accounts by day 2 after month end close
• Ensure that the debtors aging report is accurate through timely and accurate allocation of payments against invoices in SAP
• Ensure that the AR ledger agrees with the GL control accounts (140010, 140020 & 141030) by 9th day after month end close
• Provisions for bad debts using ECL model
• Reconciliations for Revaluations accounts and sundry debtors on a monthly basis by WD9.
• Resolving customers queries on a timely basis
• Performing any other work as may be allocated from time to time

Commercial Finance Roles

• Maintenance and management of core trade, accruals and settlement in SAP (customer agreement management in SAP)
• Management of Customer JPF fund and ensuring no cost overruns against set budget
• Customer activations management and settlement
• Ensure customers issue TIMS compliant invoices for promo and rebate payments.
• Manage the AR/AP interface in SAP for promo/Rebate invoices posting
• Pre and post promo analysis ensuring only projects with ROI that are in line with business expectations are implemented
• Tradex management including monthly analysis and advising management on areas where spend can be optimized for better ROI

Cash flow management

• Prepare and submit to Head of Finance a cash collection forecast every Tuesday after month end close
• Achieve >85% cash collection accuracy monthly as measured by actual cash collected versus target
• Achieve the budgeted debtor’s day by driving cash collection in conjunction with the commercial teams