Financial Controller

Our client is looking for a Finance Controller (24 month contract) to be based in Edenvale.

Responsibilities

• Manages and supervises the invoicing process before submission to DPWI.
• Enforces the policies, procedures, and guidelines for proper handling and coding of invoices to maintain accurate general ledger transactions.
• Ensures internal controls are implemented and monitored.
• Reviews and approves vendor reconciliations and ensures queries are addressed timeously.
• Reconciles accounts payable age analysis to the general ledger.
• Engages with vendors to communicate payment cycles and terms.
• Ensures vendor reconciliations are prepared and reviewed according to set deadlines.

Key Performance Indicators

• Average Time from Invoice Received to Payment: Measures the average time taken to process and pay invoices, reflecting the efficiency of the accounts payable process.
• Process Efficiency: Measures the efficiency of the accounts payable process, including the number of invoices processed per day or per week.
• Matching and Approvals: Measures the accuracy and timeliness of matching invoices to purchase orders and obtaining necessary approvals.
• Cost to Process a Single Invoice: Measures the cost incurred to process a single invoice, reflecting the cost-effectiveness of the accounts payable process.
• Invoice Exception Rate: Measures the percentage of invoices that require additional processing or handling due to errors or discrepancies.
• Invoice to Purchase Order (PO) Rate: Measures the percentage of invoices that match the corresponding purchase order, reflecting the accuracy of the accounts payable process.
• Budget Variance: Measures the difference between the actual and planned budget for the accounts payable department, reflecting the effectiveness of cost management.
• Supplier Satisfaction and Relationships: Measures the level of satisfaction of suppliers with the accounts payable process and the quality of the relationship with the organization.
• Accuracy, Speed, and Efficiency of Transactional Processing and Reporting: Measures the accuracy, speed, and efficiency of transactional processing and reporting, reflecting the effectiveness of the accounts payable process.

Qualifications

• Degree or Diploma in Accounting.
• Excellent skills in Intermediate to Advanced Microsoft Office.

Desired Skills

• Reconciliations.
• Transactional processing.
• Accounting.