Supplier Finance Specialist I

About the role:

Join Shoprite as a Supplier Finance Specialist I based in Brackenfell, Cape Town, within the Western Cape, to leverage your expertise in finance, supplier management, and accounts reconciliation at a leading retail enterprise. This full-time role demands proficiency in financial analysis, SAP or similar ERP systems, invoice processing, and supplier invoicing accuracy to ensure seamless supplier payment cycles and robust financial controls. As an entry-level finance specialist, you will be pivotal in managing supplier accounts, validating transactions, resolving discrepancies, and supporting the procurement finance team to optimise working capital and supplier relationships. Thrive in a dynamic, fast-paced environment that champions innovation in retail finance operations and offers career advancement opportunities within South Africa's foremost grocery retailer. Utilize your analytical skills and attention to detail to contribute to operational excellence and financial accuracy in one of Africa's largest supermarket groups.

What you'll do:

• Process and reconcile supplier finance transactions accurately, ensuring compliance with company policies and financial regulations.
• Investigate and resolve supplier payment discrepancies and queries, escalating complex issues to the appropriate teams as necessary.
• Verify supplier funding and payment documentation, coordinating the execution of approved arrangements with relevant internal stakeholders.
• Compile and analyse financial data related to supplier accounts to support credit risk assessments and liquidity management decisions.
• Maintain comprehensive records and documentation to support financial reporting, audit processes, and internal controls.
• Monitor supplier finance activities and account balances, identifying and escalating overdue or unresolved items promptly.
• Collaborate with finance, credit risk, procurement teams, and suppliers to ensure smooth onboarding and ongoing supplier account administration.
• Support continuous improvement initiatives by suggesting enhancements to supplier finance processes, controls, and automation opportunities.
• Provide clear and timely communication to suppliers and stakeholders regarding supplier finance status and issue resolution progress.
• Adhere strictly to established policies, procedures, and delegated authorities, ensuring integrity and accuracy in all supplier finance operations.

What you bring:

• Bachelor's degree in Finance, Accounting, Commerce, or a related field is essential.
• Minimum of 2 to 3 years relevant experience in finance or accounting, including transaction processing, account reconciliations, and financial reporting.
• Solid understanding of financial accounting principles, applicable accounting standards, and tax regulations.
• Proficiency in using financial accounting systems, supplier finance platforms, or ERP systems such as SAP is preferred.
• Advanced spreadsheet skills, with the ability to perform financial data analysis and account reconciliations accurately.
• Experience in supporting supplier finance operations, including supplier account administration and managing stakeholder interactions.
• Strong analytical skills to investigate variances, resolve discrepancies, and support credit risk and liquidity assessments.
• Excellent communication skills to clearly explain financial concepts and provide effective stakeholder service.
• High level of integrity and accountability, with attention to detail and adherence to established policies, procedures, and internal controls.
• Ability to prioritise tasks, meet deadlines, and support continuous process improvement initiatives in a fast-paced environment.