Creditors Team Lead

The iKTribe is on the hunt for a dynamic Creditors Team Lead to join our ranks and drive excellence in managing our accounts payable processes.If you have a knack for team empowerment and a passion for precision, then this is your opportunity to go against the grain and make a substantial impact in our business.  So, what will you do? You will ensure accurate and efficient management of the company’s creditors book, with an emphasis on reviewing the output of an in-house creditors team and ensure compliance with company policy with respect to creditors (i.e. ensuring creditors days/other working capital metrics are kept in line with company policy).You will administer new and existing creditors relationships, including oversight of new creditor onboarding in line with the company’s system of internal controls around procurement and our B-BBEE strategy.In addition to the above, you will:Ensure that payments made to company creditors are accurate and in accordance with contractually agreed terms.Review payment reconciliations between purchase orders & creditor invoices prepared by Creditors Officers and investigate any variances noted.Ensure that payments made to company creditors are accurate and in accordance with contractually agreed terms.Review payment reconciliations between purchase orders & creditor invoices prepared by Creditors Officers and investigate any variances noted.In addition to supplier payments, initiate refunds and interbank transfers for working capital management.Provide input into the development of a sound system of internal controls over the creditors function with the assistance of the Finance Operations Manager as well as ensure compliance against this system of internal controls within the Creditors function and with relevant internal/external stakeholders.Review all accruals listings generated by Creditors Clerks.Review the company’s creditor listing and investigate any unauthorised creditors.Review and approve purchase orders generated by Creditors Officers within pre-defined limits.Review and approve purchase orders generated by Creditors Officers.Serve as the 1st line of escalation for any unmatched POs / unmatched invoices and other discrepancies identified between company systems and 3rd party creditors.Conduct 2nd line review of monthly company credit card statements and investigate any unauthorised payments raised by Creditors Clerks.Review beneficiary banking details on company’s banking profile loaded by Creditors Clerks.Conduct monthly review of top 20 creditors.Review procurement related documents collected upon creditor onboarding by Creditors Clerks (i.e., purchase orders, supplier quotes, supplier invoices, supplier contracts, proof of banking details, supplier BEE certificates, etc.).Administrate and file all procurement related documents and maintain an audit trail of any changes thereto.Assist the Financial Manager and 3rd party consultants with implementing the company’s B-BBEE strategy as it relates to Enterprise & Supplier Development (i.e., forecast preferential procurement, supplier development and enterprise development).Assist the Financial Controller & Financial Planning & Analysis (FP&A) Manager with cash flow and working capital management.Generate and present the creditors age analysis to the Financial Manager & CFO on a monthly basis and recommend remedial actions, incl. negotiation of credit terms with creditors where appropriate and ensure that the creditors age analysis agrees to general ledger and creditors ledger.Train and upskill a team of Creditors Officers.Initiate hedging of foreign creditor invoices / assist with company’s hedging strategy in line with company policy with the support of the Financial Manager.Review of system-generated profit share reporting for payment to 3rd party sales channel partners.