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Accounting Operations Manager



Accounting & Finance, Operations
Cape Town, South Africa
Posted on Saturday, June 29, 2024
Who We Are

Yoco was founded in 2015, and has since processed over R100 billion in digital payments for over 400,000 businesses in South Africa. We’re breaking down barriers and unlocking economic opportunities that enable people to thrive.

We have over 330 team members across our key hubs in South Africa and the Netherlands, all with a bias for boldness, and a passion for simple, progressive solutions. We believe in uniting different people to solve hard problems together.

Our mission of making society more equal takes a variety of people, with different backgrounds and points of view, so we can keep building solutions that work for and include everyone.

Yoco is growing, and as we grow we have compelling challenges ahead of us.

Growing means we’re enabling more self-employed people and businesses to thrive every day. It also means that ambitious problem-solvers with big ideas are challenged, stimulated and will thrive at Yoco.

We don’t stop pushing, we break things to rebuild, we challenge ourselves and each other. We’re constantly evolving — and we’re doing it fast.

Grow With Us.

About The Financial Control Team

Our Finance Team's financial controlling function is central to maintaining Yoco's financial health and integrity. This function encompasses budgeting, planning, reporting, analysis, internal controls, compliance, and risk management. Through these efforts, the team ensures the accuracy of financial data, compliance with regulations, and provides strategic decision support to management. We are dedicated to optimising financial processes and systems to drive efficiency and support the organisation's goals.

About The Role

The Accounting Ops Manager will oversee the daily operations of the accounting department, managing Accounts Payable, Accounts Receivable, Fixed Assets and Inventory. You will monitor and enhance the ERP control environment, general ledger and financial reporting cycle. This role is crucial for creating accurate and timely financial information and ensuring strict adherence to accounting principles, procedures, and legislation. The Accounting Manager will work alongside the Group Reporting Specialist, the FP&A Lead and the Revenue Assurance Manager, ensuring compliance with accounting standards, tax regulations, budgeting and internal controls ensuring the integrity of the financial records.

What You Will Be Doing

  • Manage the daily operations of the Accounting team, ensuring accurate and timely processing of transactions in Accounts Payable, Accounts Receivable, Inventory and Fixed Assets. This would include ensuring that the necessary banking procedures for payments and collections are followed while maintaining strict controls over banking platforms.
  • Manage monthly, quarterly and annual reporting cycles in an ERP environment (Oracle NetSuite). This includes transaction processing, reconciliations, analysis, and commentary, which are required to present financial statements. Maintain detailed documentation of the reporting process, including supporting schedules and explanations for significant transactions or adjustments. Ensure the closing process is well-documented and transparent, providing a clear audit trail for internal and external auditors.
  • Manage team performance, skills development, succession, talent management and culture to foster a high-performing and efficient work environment.
  • Provide input into the ongoing development and execution of accounting policies and procedures through coordination and collaboration with Group Reporting and Revenue Assurance.
  • Provide the necessary information for tax, audit, and other external reporting.
  • Work closely with the FP&A Lead and Treasury Manager to provide input for budgeting, forecasting, financial analysis and cash flow decisions.
  • Work closely with the Legal, Risk, and IT teams to strictly follow procedures around purchasing, vendor onboarding, contract management, and renewals.
  • Provide insights through financial reports and recommendations to align better reporting to budgeting, support cost-reduction initiatives and optimise resource allocation.
  • Ensure strict adherence to established accounting policies, principles and procedures and recommend improvements where necessary.
  • Monitor and analyse accounting data, ensuring the accuracy and integrity of the organisation's financial records.

About You

  • 3 - 5+ years proven experience as an Accounting Manager in a financial department (in a tech company would be advantageous).
  • 3+ years of current team management experience is essential.
  • Tertiary qualification in Accounting.
  • Professional Accounting certification (SAICA, SAIPA, CIMA, ACCA etc) complete or in process is essential.
  • Advanced Excel, Google Suite, and ERP (Oracle Netsuite preferred) skills with a solid ability to adapt to new technologies and systems.
  • Strong proficiency in leveraging automation tools and technologies to streamline processes and improve efficiency.
  • Experience reporting in multiple currencies and managing multiple entities.
  • Excellent communication and interpersonal skills, with the ability to collaborate effectively across departments and levels of the organisation.
  • In-depth knowledge of bookkeeping and accounting principles, practices, standards, laws, and regulations.
  • Strong leadership skills with a demonstrated ability to manage, guide, and lead teams to ensure appropriate financial processes are followed.
  • Ability to adjust, evolve, and thrive in response to the rapidly changing fintech landscape with experience working with financial services products.
  • Attention to detail and timely delivery of reliable financial management information for decision-making.

The People We’re Looking For

We’re looking for people who want to grow. And as Yoco grows we hope they stay with us, long term.

Building things that make society more equal is a daunting task. And it’s not for everyone. We never stop pushing, we break things to rebuild, we challenge ourselves and teammates. We start over, we constantly evolve — and we do it fast. We know that it’s just the right kind of meaningful madness for our kind of visionary human.

So, who are you? You’re someone who resonates with our mission, but also our values, when it comes to how we work.

You’re a curious problem-solver with a passion for doing good. You’re bright and grounded, experimental and bold. You play open cards and get stuck in. You’re not afraid of change. You close the loop.

At Yoco, we love to laugh, cherish each other’s quirks, and be authentic.

Find Out More About Who We Are Here.

We encourage applicants from diverse backgrounds to apply and ask that you please send your application in English and help us reduce unconscious bias by leaving out your picture, age, address, and other unnecessary information in your CV.

Yoco is one of Africa's largest fintech companies. We enable small businesses to thrive through open commerce.

Founded in 2015 we have helped over 400,000 small businesses across South Africa accept card payments and access capital - often for the first time. We have over 330 team members across our key hubs in South Africa and the Netherlands, all working to deliver world class payments and software solutions to small businesses. We have raised $170M from some of the leading institutional investors in the world such as TPG, Dragoneer, Partech, Velocity, Quona, Raba, 4DX and many more.