About the position
We are seeking an experienced Creditors Manager who will be responsible for managing the accounts payable function of the company. The successful candidate will oversee a team of accounts payable clerks and ensure that all invoices are processed accurately and efficiently. Additionally, you will be responsible for maintaining strong relationships with our suppliers and negotiating favourable credit terms.
Key Responsibilities
- Lead a team of nine resources responsible for managing creditors;
- Identify inefficiencies, risks, and control deficiencies in the Accounts Payable process;
- Influence related processes indirectly, including Procurement, Stock, Assets, and IFRS 16;
- Collaborate on various projects, such as system enhancements, RPA initiatives, cross-financial projects, and Operations;
- Manage stakeholders, including business and external stakeholders;
- Analyse supplier and spend trends, ensuring compliance with SLAs and business policies;
- Develop and modify workflows, processes, and policies, and upskill resources to mitigate risks and meet business requirements;
- Facilitate internal and external audits;
- Implement, monitor, and control internal controls and best practices, aligning processes with company goals;
- Strategically plan to meet reporting deadlines with the highest accuracy and efficiency;
- Manage a creditors book encompassing various types of suppliers (Contractors, Consultants, International service providers, Stock, Rentals and IFRS 16 leases, Security, etc.);
- Review all creditors reconciliations and provide guidance on correcting reconciling items;
- Actively manage aging buckets;
- Review payment reconciliations, payment batches, and cash flow planning to ensure accurate cash outflow projection and payments;
- Address escalated supplier queries;
- Provide information and reports to senior management;
- Prepare monthly statutory computations and submissions;
- Reconcile trial balance and general ledger and investigate and resolve reconciling items;
- Conduct detailed reviews of accruals, provisions, open purchase orders, and un-invoiced receipts;
- Perform monthly cost analysis on management packs to minimise variations and provide detailed reasoning where applicable;
- Conduct cost budgeting and cash budgeting tasks.
Qualification and Experience:
- Bachelor’s degree in accounting, Finance, or related field;
- Experience in a Managerial position;
- Strong knowledge of accounting principles and practices;
- Excellent communication and interpersonal skills;
- Strong analytical and problem-solving skills;
- Proficient in MS Office and accounting software.
Desired Skills:
- MS Office
- Forecasting
- Reconciliations
