AR & Banking Manager (Cape Town)
- Employer
- Accounting & Financial Advisory
- Location
- Cape Town City Centre Cape Town Cape Town Region, South Africa
- Salary
- Competitive
- Closing date
- Oct 1, 2024
View more categoriesView less categories
- Job Role
- Accounts Receivable
- Sector
- Finance
- Contract Type
- Permanent
- Hours
- Full Time
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Key Roles and Responsibilities
Banking
Banking Operations Management:
Team Leadership and Development
Reporting and Analysis
Compliance and Risk Management General
Accounts Receivable
Accounts Receivable reconciliations
Review and approve reconciliations prepared by recon team
Review and approval of customer invoices
Reporting/ Procedure documentation
FSS Query support
Management Function
Administration and support
AD-HOC
Skills:
Behaviourial skills
Leadership: Guiding and motivating your team to achieve the team's goals. Communication: Clearly conveying information to clients and team members. Customer Service: Ensuring a positive experience for clients. Problem-Solving: Addressing and resolving issues efficiently. Emotional Intelligence: Understanding and managing your emotions and those of others. Adaptability: Being flexible and open to change in a dynamic environment. Decision-Making: Making informed choices that benefit the business and its clients. Attention to Detail: Ensuring accuracy in financial records and transactions. Team Collaboration: Working well with other departments to streamline processes.
Banking
- Oversee daily banking operations including reconcile/review of transactions in the accounting system.
- Capture/review payments in the bank platform.
- Develop and implement banking Service Level Agreements (SLA's) and procedures to ensure efficient operations.
- Monitor and manage cash flow.
- Supervise and mentor a team of accountants.
- Provide training and development opportunities to enhance team performance.
- Conduct KPI's - performance reviews and provide constructive feedback.
- Ensure all the bank transactions are reviewed and the recons are signed off for month end closure.
- Prepare cash flow analysis as per client request.
- Ensure compliance with all the payments by verifying the bank confirmation letter and the invoice is valid.
- Conduct regular audits and risk assessments to identify and mitigate potential issues.
- Ability to work independently and handle multiple tasks simultaneously.
- Strong attention to detail and organizational skills.
- High level of integrity and professionalism.
Accounts Receivable
- Ability to prepare the reconciliations from time to time.
- Oversee the reconciliation of accounts receivable transactions.
- Ensuring the accuracy of all invoices and sales reconciliations prepared by the AR team.
- Review the weekly/ monthly recons prepared by the reconciliation team.
- Review and approve customer invoices as prepared by the processing team.
- Oversee the processing of accounts receivable transactions.
- Resolve disputes and discrepancies related to invoices and payments.
- Work closely with all stakeholders to ensure any issues are quickly resolved.
- Responsible for review and maintenance of customer database.
- Maintain and update the AR trackers prepared for clients.
- Ensure work is accurate and is being processed in a timely manner and in accordance with policies and procedures..
- Assist with any banking queries (i.e. allocation queries) for selected clients.
- Manage day-to-day operations of the AR department; create, implement and maintain policies, procedures and controls.
- Analyse trends and identify opportunities for process improvements.
- Build and maintain strong relationships with clients, addressing any issues or concerns in a professional manner.
- Work with staff to prioritise work and ensure staff is trained to perform their tasks.
- Lead and mentor accounts receivable staff, providing training and support to enhance their performance.
- Manage information requests during year end audits and respond to requests for information during the prescribed period.
- Preparation and compilation of KPI monthly reports.
- Oversee and ensuring all AR deliverables are
- Ensure to update the FSS dashboard with monthly recons processed.
- Ensure the weekly task tracker is updated on a Monday morning.
- Contribute to any system improvement where relevant.
- Engage in frequent training of processing and recon team members.
- Maintain and update processing procedure process on a frequent basis (minimum: an annual basis).
- Demonstrate willingness to help others and “go the extra mile” to meet team targets and objectives.
- Special projects and tasks as directed.
- General ad-hoc duties as requested by management from time to time.
- All and any other related duties as required from time to time.
- Managing colleagues and clients' expectations and communicating appropriately.
- Proven experience in banking operations, preferably within an accounting or financial services firm.
- Strong knowledge of banking regulations and compliance requirements.
Skills:
- Proficiency in financial management software and MS Office Suite.
- Proficiency in Xero and banking platforms advantageous.
- Excellent analytical, problem-solving, and decision-making skills.
- Strong interpersonal and communication skills with the ability to build and maintain relationships.
Behaviourial skills
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