Accountant III - Non Trade Payables

Listing reference: woolw_000183
Listing status: Under Review
Apply by: 9 December 2021
Position summary
Industry: FMCG & Supply Management
Job category: Other: FMCG, Retail, Wholesale and Supply Chain
Location: Cape Town
Contract: Permanent
Remuneration: Market Related
EE position: Yes
Introduction
Provide the business with quality payables reporting and drive out enhanced controls to ensure timeous, effective and accurate payments to local suppliers.
Job description

  • Managing all the required systems interventions for administering AP transactional processing eg. Clearing hold file and error file, invoices paid outside normal terms. 
  • Monitoring a system of Control Risk Self-Assessment (CRSA), e.g. review of Debit / Credit Memo’s, debit balances and supplier with no invoice movement.
  • Provide input to fully reconciled trial balance items, delivered timeously with all the detail required for management reporting.
  • Ensure that sub-ledgers are compliant with the rigors of audit to substantiate values in the balance sheet.
  • Ensure proper working of the EFT payment process, including access controls and accuracy and validity of payments.
  • Prepare timeous management reporting in line with best practice. This includes daily, weekly, monthly and ad hoc reports.
  • Ensure integrity and control around invoice attribute changes as a result of Master Data Maintenance, including supplier terms, banking details, etc.
  • Accountable for the reconciliation of relevant General Ledger accounts in accordance with IFRS/GAAP and WW financial principles.
  • Ensure accurate and timeous processing of the accrual journals are including the journal analysis on a monthly basis.
  • Identify opportunities to drive out improved efficiencies and synergies across all roles within the department.
  • Perform user testing of enhancements and make recommendations for sign off.
  • Assist with day-to-day operational management to enhance the performance of the payables team.
  • Establish strong relationship with commercial and finance teams of the respective business units and Non-Trade suppliers.
  • Compliance with best practice internal controls and accounting practices, including implementing a system of Control Risk Self-Assessment (CRSA).
  • Problem resolution including logging of all incidents and following through to ensure resolution.

Minimum requirements

Technical Skills:
  • B. Comm / B.Tech / or equivalent
  • Minimum 5 years’ experience in an Accounting environment. Payables experience is an added advantage.
  • Awareness of GAAP / WW Financial Principles.
  • Sound understanding of accounting processes.
  • Able to effectively use Excel and Oracle financial system and reporting tools e.g. Qlikview, etc.
  • Able to apply accounting knowledge and solve problems in large, complex IT driven accounting environment and to process large volumes of financial transactions.
  • Organised, confident and assertive when dealing with complex issues and communicating under pressurised situations.
 
Behavioral Skills:
 
  • Personal Effectiveness
  • Team player
  • Able to communicate at all levels
  • Passion for the brand and customers
  • Thinking strategically and commercially
  • Leading Transformation
  • Connecting people
  • Delivering high performance
  • Having a merchant mindset
  • Making insightful business decisions
  • Driving quality
  • Planning and organizing

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