Account Receivables Specialist
Job Location:
Morningside
Job Location:
Johannesburg
Company description
Ferrero is a family-owned company with a truly progressive and global outlook and iconic brands such as Nutella®, Tic Tac®, Ferrero Rocher®, Raffaello®, Kinder Bueno® and Kinder Surprise®. As the love for our brands continues to grow, so too does our global reach. Represented in more than 50 countries, with products sold in more than 170, the Ferrero Group is loved by generations around the world. The secret to our global success? 40,000 dedicated employees who celebrate care and quality to craft a business, careers and brands we are proud of. Join us, and you could be one of them.
Diversity Statement
Ferrero is committed to building a diverse and inclusive culture in which all employees feel welcomed and appreciated and have the same opportunities. We believe all of our people are equally talented in their own way. In nurturing the curiosity and natural abilities of our employees, we provide them, generation after generation, the means to succeed personally and professionally, enabling them to craft their journey at Ferrero. The diversity of our talents is what makes our work environment multicultural, innovative and highly rewarding.
About the Role:
As an Accountant/AR you will support the Finance Administration team by reporting to the Senior Accountant to manage the account receivable cycle, ensure a proper account receivable flow including the management of the claims, the implementation of credit policies and all related administrative activities. As part of Finance Administration team, you will also cover some general accounting activities.
Main Responsibilities:
Accounting Receivable
• Ensure adherence to company AR/Credit policies in accordance with payments terms agreed with the clients
• Accounting and operating reports accurately reflect the conditions of the business
• Ensure accounting entries are in line with IFRS principles
• Supervise the maintenance of Customer ledgers and perform reconciliations as required
• Specific analysis and process review of general ledger accounts
• Lead Customers reminders & work on resolution with our internal/external stakeholders
• Resolve Claims/deduction within appropriate timeline
• Verifies Client accounts by reconciling monthly statements and related transactions
• Daily processing of the cash book receipts and final completion of the cash book receipt processing by the 1st of the month
• Dealing with new account applications and preforming initial credit assessment
Credit Policies & Reporting
• Calculate and prepare IFRS 9 BAD debt provision
• Localize the Group Credit policy & maintain relationship with the group insurance company
• Prepare the monthly credit reporting
• Prepare the local credit committee/Regional credit report deck
• Prepare credit risk assessment & review credit coverage by session
General Accounting
• Support the monthly/Yearly closing activities
• Perform monthly bank reconciliations
• Submissions of VAT201s and perform related reconciliations
• Perform monthly balance sheet reconciliations
• Review/perform monthly intercompany reconciliations
Business Support
• Lead the outsourced provider in charge of the cash collection
• Handling of all day-to-day credit operational issues within department
• Supports the Finance department in managing Audits and external relationships
• Supports all functions that relate to Credit control
Who we are looking for:
- Bachelor of Accounting Degree is required
- CA/CIMA articles/qualification is an advantage
- Credit Management qualification is an advantage
- Intermediate Microsoft skills (Excel/ PowerPoint)
- At least 5 years of relevant experience in FMCG
- Good communication skills, ability to challenge and to properly collaborate with key partners
- Strong organizational and administration skills
- "Problem solver" attitude and prioritization skills
How to be successful in the role and at Ferrero:
Consumers, quality and care are at the heart of everything we do. So, to be successful at Ferrero, you’ll need to be just as consumer and product centric as we are - dedicated to crafting brilliant results for consumers around the world.