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AR and Banking Manager (Cape Town)

Employer
Accounting & Financial AdvisoryLtd
Location
Stellenbosch Stellenbosch Cape Winelands, South Africa
Salary
Competitive
Closing date
Oct 6, 2024
View more categoriesView less categories
Job Role
Accounts Receivable
Sector
Finance
Contract Type
Permanent
Hours
Full Time
Key Roles and ResponsibilitiesBankingBanking Operations Management: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. Team Leadership and DevelopmentSupervise and mentor a team of accountants.Provide training and development opportunities to enhance team performance.Conduct KPI's - performance reviews and provide constructive feedback. Reporting and AnalysisEnsure all the bank transactions are reviewed and the recons are signed off for month end closure.Prepare cash flow analysis as per client request. Compliance and Risk ManagementEnsure 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.GeneralAbility to work independently and handle multiple tasks simultaneously.Strong attention to detail and organizational skills.High level of integrity and professionalism. Accounts ReceivableAccounts Receivable reconciliationsAbility 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 and approve reconciliations prepared by recon teamReview the weekly/ monthly recons prepared by the reconciliation team. Review and approval of customer invoicesReview 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. Reporting/ Procedure documentationMaintain 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.. FSS Query supportAssist with any banking queries (i.e. allocation queries) for selected clients. Management FunctionManage 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 Administration and supportEnsure 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. AD-HOCSpecial 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 skillsLeadership: 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.
Market Related
AFA History
Accounting and Financial Advisory (AFA) is a financial management consulting firm with a national footprint with an international reach. AFA has a 30-year pedigree at Deloitte and five years as a proudly 100% black-owned business - an accredited Level 1 broad-based black economic empowerment (B-BBEE) contributor, with an impressive list of prestigious clients.​
AFA provides world-class services and are the go-to service provider for companies, blue chip listed entities, large and small, across a variety of industries. Our tailored services paired with the highest level of expertise guarantee optimal results, our services include Flexible Resourcing, Financial Reporting, Financial Statement Automation, Outsourcing, Offshoring, Payroll & Human Capital Management, Finance Project Management, Strategy Consulting and Digitising Finance.
As a firm we are committed to transformation and diversity. We believe in making a positive contribution to the communities in which we work, and we are proud to be engaged in a number of initiatives aimed at driving transformation and inclusivity within our organisation, our industry and our society. We are a 100% black-owned business.
We value excellence and diversity of perspective, and we are committed to being an employer of choice. We offer an inclusive environment and dynamic growth opportunities for our employees. Our priorities remain unchanged. We strive to create a vibrant workplace where our people can grow and develop the capabilities to become leaders that tackle our clients' most important challenges and capture their greatest opportunities.

AFA Accelerated Growth Programme
AFA provides an accelerated growth programme for our 250 employees to develop the new generation of highly skilled finance professionals. The Programme aims to equip our employees with diverse and valuable finance experience in a short period of time. Our employees have the unique opportunity to work in varied industries and differing roles.

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