Credit & Collection Accountant
Our client in the FMCG industry seeks to hire a highly competent and self-driven Credit and Collections Accountant. The credit and collection accountant will be tasked with applying principles of accounting to analyze financial information and prepare financial reports by compiling information, preparing profit and loss statements, and utilizing appropriate accounting control procedures.
Credit & Collection
Accountant
Payables Accountant
Our client in the FMCG industry seeks to hire a highly competent and self-driven Credit and Collections Accountant. The credit and collection accountant will be tasked with applying principles of accounting to analyze financial information and prepare financial reports by compiling information, preparing profit and loss statements, and utilizing appropriate accounting control procedures.
Responsibilities
o Involved in developing the company credit policy in liaison with
sales, financial and procurement management
o Handle major accounts, visit customers to audit the debtors
o Handle disputed accounts and negotiate to bring payments into
line with terms
o Undertake complex reconciliations and compile documentation for
legal action
o Obtain sufficient information to assess the credit worthiness of
new and existing customers
o Improve departmental processes and procedures e.g. invoicing,
follow up. Query management
o Negotiate with clients e.g. credit information, credit insurance
and debt collection agencies
o Categorize customers by investment level risk, and reviews this
as appropriate(trade credit)
o Liaise with the finance director to stop any supply of goods to
overdue accounts, can instigate legal proceedings
o Protect the company’s interests at creditors meetings relating
to insolvent customers
o Involved in internal and external audit exercise to provide
information
o Any other duty assigned by the management
Key Performance Indicators
o Active and timely Follow up on collections with Sales team, Key
accounts and directly from clients
o Management of Debt to sales ratio at 25% for Kenya for all
On-trade and Off-trade business categories
o Reconciled Debtors statement by 2nd day of the
following month ensuring collections are done when due
o Credit control management by ensuring that you maintain correct
information for the customers – maintain duly signed credit facility agreement
forms, Bank Guarantees etc.
o Reports production – Accounts Receivables – Outstanding and
collection reports as of 2nd day of the
following month
o Authorizing/ Approving loadings to Sales team on Approved
Outstanding debt status
o Maintain a customer data base & Updating clients contracts
Monthly
o Monthly circulation of debtors statements & Quarterly
debtors circularization for debt confirmation
o Daily confirmation of PODs and Filing of all documents relating
to Credit sales
o Accurate Reports
Qualifications
o University Degree Bcom (Finance/Accounting)
o CPAK
o At least 3 years’ experience in a similar position and
preferably in a FMCG
o Personal Credibility, Honest, Trustworthy & High Integrity
o Strong personality, excellent oral and written communication
skills.
o Analytical and problem solving skills
o Effective verbal and listening skills
o Very effective organizational skills
o Strong business ethics
o Result-Oriented
o Attention to Detail
o Strategic focus
Credit & Collection
Accountant
Our client in the FMCG industry seeks
to hire a highly competent and self-driven Credit and Collections Accountant.
The credit and collection accountant will be tasked with applying principles of
accounting to analyze financial information and prepare financial reports by
compiling information, preparing profit and loss statements, and utilizing
appropriate accounting control procedures.
o Involved in developing the company credit policy in liaison with
sales, financial and procurement management
o Handle major accounts, visit customers to audit the debtors
o Handle disputed accounts and negotiate to bring payments into
line with terms
o Undertake complex reconciliations and compile documentation for
legal action
o Obtain sufficient information to assess the credit worthiness of
new and existing customers
o Improve departmental processes and procedures e.g. invoicing,
follow up. Query management
o Negotiate with clients e.g. credit information, credit insurance
and debt collection agencies
o Categorize customers by investment level risk, and reviews this
as appropriate(trade credit)
o Liaise with the finance director to stop any supply of goods to
overdue accounts, can instigate legal proceedings
o Protect the company’s interests at creditors meetings relating
to insolvent customers
o Involved in internal and external audit exercise to provide
information
o Any other duty assigned by the management
Key Performance Indicators
o Active and timely Follow up on collections with Sales team, Key
accounts and directly from clients
o Management of Debt to sales ratio at 25% for Kenya for all
On-trade and Off-trade business categories
o Reconciled Debtors statement by 2nd day of the
following month ensuring collections are done when due
o Credit control management by ensuring that you maintain correct
information for the customers – maintain duly signed credit facility agreement
forms, Bank Guarantees etc.
o Reports production – Accounts Receivables – Outstanding and
collection reports as of 2nd day of the
following month
o Authorizing/ Approving loadings to Sales team on Approved
Outstanding debt status
o Maintain a customer data base & Updating clients contracts
Monthly
o Monthly circulation of debtors statements & Quarterly
debtors circularization for debt confirmation
o Daily confirmation of PODs and Filing of all documents relating
to Credit sales
o Accurate Reports
Qualifications
o University Degree Bcom (Finance/Accounting)
o CPAK
o At least 3 years’ experience in a similar position and
preferably in a FMCG
o Personal Credibility, Honest, Trustworthy & High Integrity
o Strong personality, excellent oral and written communication
skills.
o Analytical and problem solving skills
o Effective verbal and listening skills
o Very effective organizational skills
o Strong business ethics
o Result-Oriented
o Attention to Detail
o Strategic focus
Payables Accountant
Our client in the FMCG Industry is
looking to hire a Payables Accountant. He/she will be tasked with the
day-to-day management of all payment cycle activities in a timely and efficient
manner by providing financial, administrative and clerical support to the
organization.
Responsibilities
o Writing and posting cheques in the system while ensuring
correctness of the information.
o To maintain Petty cash that is adequate for the petty expenses
and ensures timely cash reimbursement
o Issuing Purchase Orders on approved quotations including stock
purchases
o Maintenance of PO register, follow up on undelivered and problem
orders to ensure that the goods and services are adequately delivered
o To escalate any monthly outstanding orders so that further
action can be taken by the management.
o Authenticate quotations for main services and goods and also
maintaining a quotations file for future records.
o Reconciling supplier accounts for any reconciling
items/transactions to get the correct and updated statement
o Receipt of suppliers bills, verification and request for
approval. Posting and filing the approved invoice voucher in outstanding/unpaid
invoice file.
o Produce costing for department utilities e.g. fuel, spares,
stationeries etc.
o Analyze all company costs Comparing with the budget costs and
escalating to the management for course of further action.
o Monitoring the SLA and ensuring they are renewed on time after
they expire.
o Receipt of stocks in the sage system to ensure that the stock
ledger reconcile with the physically received goods.
o Be involved in production of financial reports, P&L, Balance
sheet and management reports
o Closing of GITs with all the costs and produce the GIT ledger
for Approval on monthly basis and escalate delays of the invoices from the
supplier
o Prepare Wages summary and ensure payment of the same to avoid
delays.
o Ensure back up of that all the data done on timely basis to
avoid loss of any data.
o Participate in Internal and External Audit in producing the
required data and support documents.
o GIT account – monitoring stock in transit. Making the relevant
entries on receipt of invoices and payment on purchase, clearing and receipt of
goods to warehouse. Closing GIT on arrival of stock to warehouse
o Monitoring actual cost vs budget and making adjustment in the
books on receipt of full consignment to warehouse
o Manage GIT supplier accounts i.e. Product supplier, clearing and
forwarding agents and external warehousing.
o Bank agent for collection of cash, statements and any other
correspondence
o Participate in Internal and External Audit
o Involved in production of financial reports
o Any other assignment by the management
Qualifications
o University Degree in Bcom (Finance/Accounting)
o CPA(K/T/U)
o At least 3 years’ experience in a similar position
o Excellent interpersonal skills
o Analytical and problem solving skills
o Effective verbal and listening skills
o Very effective organizational skills
o Be flexible
o Strong business ethics
o Strategic focus
o Personal Credibility, Honest, Trustworthy & High Integrity
o Leadership
o Strong personality, excellent oral and written communication
skills.
How to Apply
Applicants who meet the requirements stated above
should send their detailed CVs with a day – time Telephone number to the email
address: jobs@hcsafrica.com with Payables Accountant on the Subject
line. Candidates MUST indicate their
Current &Expected salaries