Yalelo is seeking a highly motivated, energetic, and hard-working individual to work as an Assistant Accountant – Payables & Receivables. The Assistant Accountant – Payables & Receivables will provide support to the finance department by ensuring smooth cash flow management through timely processing of receivables and payables. The Assistant Accountant will play a vital role in maintaining accurate financial records, reducing outstanding debts, and ensuring vendors and suppliers are paid on time.

The Right-Fit candidate will:

Payables:

• Ensure that payables accounts are reconciled weekly
• Review and verify supplier invoices
• Track payments and investigate outstanding payments
• Ensure supplier payments are processed within agreed terms
• Ensure that all proof of payments are sent to beneficiaries
• Resolve problems concerning all payables accounts
• Ensure effectiveness and efficiency of Adhoc reports
• Ensure proper accounting records are kept for all payments and invoices
• Ensure month-end close journals/postings are correct and on time. These include prepayments, revaluations, and accruals
• Ensure payment vouchers are signed and authorized by supervisor and authorized signatories
• Ensure the work is executed in accordance with accounting principles, policies, and processes regulated by IAS/IFRS (Accounting standards).

Receivables:

• Process all customer invoices in the accounting information system based on fully signed-off confirmed deliveries accurately and timely.
• Prepare and ensure customer statements are accurate and send to customers for payment processing and agree on statements to customer remittance advice
• Maintain accurate AR age analysis
• Verify the status of delinquent accounts and solicit payments on overdue accounts
• Prepare monthly customer reconciliations
• Prepare monthly Sage reconciliations and get sign off from the Lead Accountant.
• Adherence to credit management policy
• Cash flow projection and achievement of weekly cash inflow targets
• Ensuring customers pay in line with agreed credit terms
• Plan adequate time to produce reports and information requested on invoicing.
• Prepare and send to customers monthly receivable statements and reconcile revenue across all platforms & sage by ensuring all invoices for the month are posted and filed accurately
• Deliberate effort to expand job knowledge