Job Description

Spar Vacancies – SENIOR ACCOUNTS RECEIVABLE MANAGER

Senior Accounts Receivable Manager – Spar Vacancies

Job Description

The Senior Accounts Receivable Manager is responsible for leading and overseeing the credit risk, collections, and receivables functions to ensure optimal cash flow, controlled credit exposure, and full regulatory compliance. This role provides strategic direction, operational leadership, and expert guidance to support sustainable retailer relationships and sound financial performance.

Key Performance Areas

Credit Risk Management

• Monitor and manage overall divisional credit risk exposure within approved limits

• Lead comprehensive credit assessments for new and existing retailers, ensuring efficiency and accuracy

• Manage and maintain the securities register for debtor accounts

• Implement and uphold the Credit Committee Charter and Terms of Reference for retailer loan facilities

Collections and Receivables Management

• Develop and implement effective collection strategies for overdue accounts

• Negotiate and manage payment arrangements with retailers experiencing financial challenges

• Engage and manage attorneys on legal and high-risk accounts

• Oversee bond perfection processes and liquidation matters

• Execute additional reasonable tasks as required by management

Compliance

• Ensure full compliance with the FIC Act, National Credit Act, related regulations, and reporting requirements

• Maintain a strong internal control environment across the receivables function

Reporting and Administration

• Provide actionable insights and recommendations to support informed credit management decisions

• Chair, attend, and administer weekly Credit Committee meetings and drive agreed outcomes and projects

• Monitor and report on credit limits, overdue percentages, debtors’ days, economic indicators, and retailer payment trends

• Implement robust reporting tools and functionality to enable effective credit oversight by key stakeholders, including guidance on dispute resolution

Relationship Management

• Lead, mentor, and develop the accounts receivable team

• Provide strategic and operational support to the Divisional Retail Operations Management Team

• Build and manage strong relationships with retailers to ensure appropriate risk mitigation for high-risk accounts and retailer groups

Minimum Requirements

Skills, Knowledge and Experience

• Relevant accounting qualification with a credit management certification

• Minimum of 5 years’ experience in a senior accounts receivable or credit management role

• Strong knowledge of relevant legislation, including FIC, Insolvency Law, Companies Act, and National Credit Act

• Proficiency in SAP and other ERP systems

• Strong commercial and business acumen

• Excellent analytical, problem-solving, and communication skills

• High attention to detail with strong organisational abilities

• Proven people management and leadership skills

• Ability to perform effectively under pressure in a fast-paced environment

• Proven ability to build strategic, collaborative working relationships

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