Finance Manager (Trade Receivables & Payables)
Salary undisclosed
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Job Responsibilities:
- Trade Receivables Management:
- Oversee the accounts receivable process, including invoicing, collections, and cash application.
- Develop and implement strategies to minimize overdue accounts and reduce DSO (Days Sales Outstanding).
- Monitor and analyse customer credit limits and aging reports.
- Ensure accurate and timely recording of revenue and receivables in the financial system.
2. Trade Payables Management:
- Supervise the accounts payable process, including invoice processing & vendor payments
- Develop and maintain strong relationships with vendors and suppliers.
- Manage payment schedules to optimize cash flow.
- Review and approve payment runs, ensuring accuracy and adherence to company policies.
- Monitor and analyze accounts payable aging reports and resolve discrepancies.
3. Financial Reporting and Analysis:
- Conduct financial analysis to identify trends, variances and opportunities for process improvements.
- Assist in the preparation of budgets and forecasts related to receivables and payables.
4. Process Improvement:
- Evaluate and enhance existing processes for efficiency and effectiveness.
- Implement best practices to streamline operations and reduce manual effort.
- Ensure compliance with internal controls and accounting standards.
5. Team Management:
- Lead and mentor a team of finance personnel responsible for receivables and payables.
- Conduct performance evaluations, provide training and support professional development.
Requirement:
- Bachelor’s degree in Finance, Accounting, or a related field.
- Proven experience in a finance management role, with a focus on trade receivables and payables.
- Strong understanding of accounting principles and internal controls.
- Excellent analytical skills and attention to detail.
- Proficiency in SAP
- Strong leadership and team management abilities.
- Effective communication and interpersonal skills.
- Ability to manage multiple priorities and work under pressure.
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