Debtors and Creditors Clerk

At SovTech, we believe the future of software lies in the talent, innovation, and creativity found on the African continent. Headquartered in South Africa, our team of highly-skilled engineers, designers and strategists span the continent, tapping into Africa's diversity to fuel a collaborative culture of disruptive thinking and technical excellence.For over a decade, we have been pioneering world-class software development for a global audience, with a mission to become Earth's leading software company from the world’s fastest growing continent.

We design and develop solutions that empower our clients to digitally transform and thrive globally and are the leading custom software development company from Africa that, like any great tech company, was founded in a garage. SovTech has now grown to more than 300 of the best software engineering experts, building world-class platforms for growing businesses across four cities on three continents. We are always actively searching for the continent's most talented and driven techies to join our growing team- those who benchmark themselves against the best on the planet and wake up hungry to master their craft and continue advancement.

We are seeking a proactive and detail-oriented Debtors and Creditors Clerk to join our dedicated team. The Debtors and Creditors Clerk at SovTech, will be responsible for managing the accounts receivable and accounts payable functions, ensuring accurate financial records and timely payments. Your role will involve interacting with clients, suppliers, and internal teams to facilitate smooth financial transactions and uphold financial integrity.

Position Title: Debtors and Creditors Clerk

Seniority Level: Intermediate

Location: Johannesburg

Contract Type: 6 Months contract (potential to go permanent)

Years of Experience : 2-4 Years

Qualifications: Bachelor's degree in Accounting, Finance, or related field.

Work Model: Hybrid

Skills: Xero Experience,Proficiency in accounting software (e.g., QuickBooks, Sage, Xero, NetSuite).

Responsibilities 

Accounts Receivable:

• Generate and issue invoices to clients for products and services rendered.

• Send monthly statements as per agreed timelines.

• Record and reconcile all sales transactions in the accounting system.

• Follow up on outstanding payments and send reminders to clients.

• Monitor and manage client payment schedules, negotiating payment terms when necessary.

• Investigate and resolve discrepancies or issues with client accounts.

Accounts Payable

• Receive, verify, and process invoices from suppliers for goods and services.

• Match invoices with purchase orders and delivery receipts.

• Code invoices accurately and allocate expenses to relevant cost centers.

• Ensure timely and accurate payments to suppliers, adhering to payment terms.

• Reconcile accounts payable ledger and resolve discrepancies in a timely manner.

Debt Collection

• Communicate with clients to follow up on overdue payments and resolve payment issues.

• Negotiate payment arrangements and terms with clients to facilitate debt recovery.

• Monitor payment agreements and ensure compliance with established terms.

• Escalate unresolved payment issues to management for further action.

Credit Control

• Assess the creditworthiness of new clients and establish appropriate credit limits.

• Review and update credit terms and conditions in collaboration with the finance team.

• Monitor client credit limits and take proactive measures to mitigate credit risks.

• Analyze aged debt reports and implement strategies to minimize bad debt.

Cashflow Management

• Prepare and plan cashflow forecast and management

• Prepare payment runs.