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Revenue Clerk Job at Ackermans in Western Cape

Full Time
  • Full Time
  • Western Cape
  • Previous finance administration experience, including strong reconciliation experience

Website Ackermans

Ackermans is a South African chain of clothing retail stores. Founded in 1916 in Wynberg, Cape Town, Ackermans has over 700 stores across Southern Africa, including in Namibia, Botswana, Lesotho, Swaziland and Zambia, and is headquartered in Cape Town

Job Advert As the Clerk within the Revenue team at Ackermans, you will be responsible for the analysis and reconciliation of the store revenue transactions.

Ackermans, with more than 800 stores in 6 African countries, is a key part of the Pepkor Group, with over 100 years of success behind us, Ackermans continues to expand and innovate. We are developing an “Agile” values driven culture to ensure we continue to be a leading value fashion retailer by setting the standard for value and affordability.

Reporting to the Accountant, you will be part of a structured and vibrant Finance team and will be based at our office in Kuilsriver.

If you have a strong analytical ability, strong numerical skills and the ability to work under extreme pressure, consider this to be an opportunity to invest and grow your career.

Qualifications Essential:
– Grade 12 (Accountancy and/ or Mathematics)
– Relevant Tertiary Qualification preferred (Certificate/ Diploma/ Degree)
Knowledge, Skills and Experience KNOWLEDGE required:
– Financial Reconciliations
– Balancing stores sales to point of sale in the stores
– Good knowledge of financial administration and basic accounting principles and their application (debits, credits, journals, reconciliations)

SKILLS required:
– Computer skills, intermediate to advanced Excel
– Communication skills (verbal and written)
– Interpersonal skills
– Attention to detail
– Above average numerical ability
– Deadline driven
– Analytical thinking
– Ability to work under pressure
– Able to deal with large volumes of work

Experience Required
– Previous finance administration experience, including strong reconciliation experience
– Retail experience preferred

Key Responsibilities Reconciliation
– Perform daily reconciliation of the cash bankable amount per store to the bank statement amount (On the reconciliation system)
– Follow up on all expectations with banks & CIT company
– Correct, re-assign and release deposits with incorrect store reference numbers for assigned stores.
– Prepare & post journals for unmapped bank entries not posted by Recon Clerk.

– Perform daily reconciliation of all the card transactions between the third parties and Point of sale information
– Follow up on all exceptions with banks, Gift card provider & Tenacity

• GL Reconciliation
– Perform all revenue General Ledger reconciliations (excluding bank accounts)
– Analyse the root cause of all reconciliation variances & conclude appropriate corrective system action required.

• Sales Clearing
– Perform weekly balancing of sales clearing General Ledger account
– Follow up on all exceptions with banks, Gift card provider & Tenacity & the finance administrator

• Buy aid
– Prepare the buy aid statements to submit to the systems administrator (The Systems Administrator submits it to the capturing bureau)
– Correct the buy aid capturing bureau’s journal errors
– Prepare & post monthly buy aid commission journals

• Internal Audit
– Confirm the stores’ banking status with the internal audit team

• Record Keeping
– File away all the business documents & save electronic documents on the assigned finance folders

• Journals
– Prepare of ad hoc journals are according to smart stream requirements

• Trend analysis
– Identify trends in cash & card reconciliations differences noted on the reconciliation system

• Investigate and resolve A-Plus transaction queries logged via the Tenacity call centre
• Adjust Recon Assist or journalise the A-Plus transactions corrections to the loan accounts as required
• Investigate & resolve ad hoc customer disputes & queries logged via the Tenacity call centre

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