Accounts Receivable Accountant: SLS: Finance Shared Services: Bellville: JG9/10Location: Bellville, Western Cape, ZAWho are we?Sanlam Life and Savings (SLS) is focused on serving our retail and corporate clients in South Africa and further developing our strategic advantages in the South African market.
Sanlam Life and Savings consists of three clusters - Sanlam Corporate, Sanlam Retail Mass and Sanlam Retail Affluent.
The Sanlam Life and Savings Office provides strategic direction, coordination and support to the three clusters, as well as performing governance oversight that includes assurance provided by second line of defense functions in SLS, to enable us to meet our business objectives.This role is responsible for overseeing revenue recording, managing incoming payments, accounts receivable (AR) activities, and handling selected asset accounting transactions.
Additionally, this role is responsible for managing the Accounts Receivable Clerks, ensuring team performance and development.What will make you successful in this role?The key performance areas and tasks of this role are as follows:Manage incoming payments and revenue recordingProcess and manage down payment requests, ensuring accurate linking and posting to invoices.Ensure timely and accurate allocation of payments to customer accounts.Extract debtor age analysis and follow up on outstanding balances.Investigate and process refund requests, obtaining necessary approvals.Update the accounts receivable balance with the corresponding intercompany loan transaction and ensure they are posted correctly on the system in a timely manner.Post journals for withholding tax and write-offs.Relationship ManagementWork collaboratively with other departments to ensure accurate client billing information.Work collaboratively with Accounts Payable for potential set-off.Work collaboratively with other Business Units to resolve queries which are hampering collections.Regular coordination and discussion with the other Business Units to resolve customer issues.Quality and Process OptimisationRecommend improvements to invoicing and payment processes, including standardisation and automation opportunities.Investigate and resolve customer queries efficiently.Asset accountingPerform asset-related transactions, such as cost/profit center changes and scrapping of assets.Reporting and controlsPerform monthly AR and asset control procedures to ensure compliance with governance, risk, and control frameworks.Prepare monthly Accounts Receivable reports (e.g., FINBON stats).Service managementSupport business users on processes impacting AR service delivery.Participate in system testing (e.g., UATs, DR testing) as required.Team ManagementManage and oversee the performance of the Accounts Receivable Clerks, ensuring accurate task execution and adherence to processes.Implement and monitor the annual work plan, ensuring targets are met.Conduct team performance reviews, identify development needs, and drive high-quality service delivery.QualificationBachelor's degree in Commerce, Accounting or Finance or relevant field from a recognised institution.Experience and Knowledge3 years of solid understanding of basic accounting principles, fair credit practices and collection regulations.2 years in-depth knowledge and understanding of accounts receivables, payment applications and invoicing.1 year experience in Accounts Receivable processes within SAP S/4Hana.1 year in-depth knowledge of credit authorisations, billing and collections procedures and practices.Personal AttributesAction orientated - Contributing independently.Financial acumen - Contributing independently.Optimises work processes - Contributing independently.Plans and aligns - Contributing independently.Build a successful career with usWe're all about building strong, lasting relationships with our employees.
We know that you have hopes for your future – your career, your personal development and of achieving great things.
We pride ourselves in helping our employees to realise their worth.
Through its five business clusters – Sanlam Fintech, Sanlam Life and Savings, Sanlam Investment Group, Sanlam Allianz, Santam, as well as MiWay and the Group Office – the group provides many opportunities for growth and development.Core CompetenciesBeing resilient - Contributing independently.Collaborates - Contributing independently.Cultivates innovation - Contributing independently.Customer focus - Contributing independently.Drives results - Contributing independently.Turnaround timeThe shortlisting process will only start once the application due date has been reached.
The time taken to complete this process will depend on how far you progress and the availability of managers.The Sanlam Group is committed to achieving transformation and embraces diversity.
This commitment is what drives us to achieve a diverse, inclusive and equitable workplace as we believe that these are key components to ensuring a thriving and sustainable business in South Africa.
The Group's Employment Equity plan and targets will be considered as part of the selection process.
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