Job Purpose

The successful candidate will be responsible for all finance activities within the Order to Cash process including managing the customer credit portfolio, accounts receivable invoicing and collection, cash application activities, managing month end accounts receivable procedures and preparing accounts receivables and collections budgets and forecasts and promote increased profitability through the management of customer credit risk profiles in accordance with Credit Policy and Procedures.

Specific Duties and Responsibilities

• Manage the finance activities within the order to cash process, including co-ordination and interaction with the commercial and sales team
• Partner with Sales, Commercial and Supply Chain teams to ensure optimal customer credit decisions while supporting profitable sales growth
• To prepare plans, set objectives and control costs for the Credit Control function and department
• Oversee the implementation of the Group Order-to Cash policies, processes and procedures within the relevant and appropriate IT systems
• Manage the Accounts Receivable (AR) team to ensure process efficiency. This will include coach and develop the OTC team.
• Manage the country customer credit portfolio; including reviewing credit limits/ratings and credit security required for approved credit customers.
• Oversee customer claims, disputes and deductions to ensure timely resolution and recovery of outstanding balances.
• Drive working capital improvements through effective management of debtor days, collections, overdue debt and dispute resolution.
• Implement and maintain a strong system of governance and control.
• Review and analyse monthly Accounts receivables ageing reports and collection reports; and calculate relevant KPIs to assess adequacy of collections of customer debt. If required implement remedial/corrective cash collection /escalation actions (interest/stop supply/legal action etc).
• Perform month end Accounts Receivable procedures (including reviewing the AR sub ledger to general ledger reconciliation and any AR required reporting)
• Preparing accounts receivables and collections budgets and forecasts
• Identify and communicate identified opportunities for process improvement to the Group process owner for consideration.
• Assess the recoverability of relevant accounts receivable balances in accordance with Group policy to determine appropriate impairment provisions and irrecoverable debt to be written off and disclosed in the Annual Financial Statements.
• Design and implement reporting and scorecard to manage KPIs
• Creates and maintains customer Masterfile in SAP.
• Manage team performance through KPIs and development plans.
• Build succession capability within the receivables function.
• Conduct performance reviews and talent development discussions.

Qualifications

Job Qualification and Experience

• Bachelor’s degree in Accounting, Business Administration or equivalent
• 3-5 years’ experience in Accountancy with at least 1 year in a supervisory role.
• CPA(T), ACCA Certification will be an added advantage
• Experience using SAP or equivalent ERP systems will be an added advantage

Kilombero Sugar Company Limited is an equal opportunity employer. Women and people with disability are highly encouraged to apply.

• Manage the finance activities within the order to cash process, including co-ordination and interaction with the commercial and sales team
• Partner with Sales, Commercial and Supply Chain teams to ensure optimal customer credit decisions while supporting profitable sales growth
• To prepare plans, set objectives and control costs for the Credit Control function and department
• Oversee the implementation of the Group Order-to Cash policies, processes and procedures within the relevant and appropriate IT systems
• Manage the Accounts Receivable (AR) team to ensure process efficiency. This will include coach and develop the OTC team.
• Manage the country customer credit portfolio; including reviewing credit limits/ratings and credit security required for approved credit customers.
• Oversee customer claims, disputes and deductions to ensure timely resolution and recovery of outstanding balances.
• Drive working capital improvements through effective management of debtor days, collections, overdue debt and dispute resolution.
• Implement and maintain a strong system of governance and control.
• Review and analyse monthly Accounts receivables ageing reports and collection reports; and calculate relevant KPIs to assess adequacy of collections of customer debt. If required implement remedial/corrective cash collection /escalation actions (interest/stop supply/legal action etc).
• Perform month end Accounts Receivable procedures (including reviewing the AR sub ledger to general ledger reconciliation and any AR required reporting)
• Preparing accounts receivables and collections budgets and forecasts
• Identify and communicate identified opportunities for process improvement to the Group process owner for consideration.
• Assess the recoverability of relevant accounts receivable balances in accordance with Group policy to determine appropriate impairment provisions and irrecoverable debt to be written off and disclosed in the Annual Financial Statements.
• Design and implement reporting and scorecard to manage KPIs
• Creates and maintains customer Masterfile in SAP.
• Manage team performance through KPIs and development plans.
• Build succession capability within the receivables function.
• Conduct performance reviews and talent development discussions.

• Analytical and Leadership Skills
• Computer Skills

• Bachelor’s degree in Accounting, Business Administration or equivalent
• 3-5 years’ experience in Accountancy with at least 1 year in a supervisory role.
• CPA(T), ACCA Certification will be an added advantage
• Experience using SAP or equivalent ERP systems will be an added advantage