Lorraine Moloi
PO Moroka
Summary
Experienced Accounts Payable and Receivable Specialist with a reputation for maintaining professionalism and strong problem-solving abilities. Thrives in fast-paced, challenging environments and excels at vendor management. Known for streamlining billing processes, optimizing collections, and ensuring a healthy cash flow.
Overview
20
20
years of professional experience
11
11
years of post-secondary education
Work History
Accountant Receivable
Grey Advertising
Johannesburg
03.2020 - Current
- Weekly review of accounts receivable aging report to identify overdue accounts and ensure to collect outstanding amounts
- Cashbook-Record through journals and reconcile daily cash transactions- Cash receipts and Payments
- Monthly Bank Reconciliation for both Rand and CFC (USD) accounts
- CFC Revaluation Reconciliation
- Send invoices and statements to customers every month end
- Address customer queries relating to billings, payments, and account balances
- Onboarding of new customers and vendors
- Contact customers with overdue balances
- Collaborate with customer service and production departments to remedy billing and payment issues
- Attending weekly WIP meetings
- Job recons and closures
- Rolling of new period
- Reviewing local and foreign creditors recons prepared by accounts payable
- Prepare Vat and P.A.Y.E recon and submission
- Monthly intercompany balances
- Cross border salary charges billings
- Chase license recon
- Prepare CEO month expense and Gift Register Recon
- Trans union- ITC check on new supplier
- Handled day-to-day accounting processes to drive financial accuracy.
- Maintained up-to-date knowledge on professional accounting standards to manage financial recordkeeping.
- Detected and corrected mistakes early on and implemented systems to avoid recurring issues.
- Reduced expenses by negotiating with vendors for better pricing and terms on services and supplies.
- Assisted in reducing outstanding accounts receivable balances by diligently following up on overdue invoices.
Accounts Payable Administrator
Ogilvy & Mather
Johannesburg
11.2010 - 02.2020
- Matching of invoices to relevant purchase order and verify cost before issuing vendor payment
- Timely preparation of supplier reconciliations adhering to terms as per contract and agreement
- Maintaining vendor files and records
- Assisting with month end reporting activities
- Ensure Compliance with Tax regulations and Internal controls
- Collaborate with production department to ensure timely and accurate processing of purchase orders
- Prepare weekly creditors report to identify invoices which are overdue and have queries
- Allocating invoices to correct general ledge
- Daily payments process withing agreed timelines
- Closing inactive vendors
- Cashbook and EFT payments
- Requesting invoices and statements from suppliers
- Ensuring that invoices are correctly authorised as per matrix authority
- Preparing payments and verifying expense claims
Bookkeeper
Bidvest Buffalo Executape
Kempton Park
11.2004 - 10.2010
- Responsible for all local creditor’s accounts
- Cashbook
- Coordinate stationery, stock count
- Placing orders
- Prepare and pay weekly wages
- Issuing out of daily and weekly payments
- Collaborating with factory and warehouse about return notes, proof of delivery and goods receiving notes
- Calculation of rebates
- Communicated proactively with team members regarding any issues or concerns related to bookkeeping tasks.
- Prepared monthly bank reconciliations to ensure accurate representation of company''s financial position.
Education
Bachelor of Commerce - BCOM General
Regent Business School
Johannesburg 07.2016 - Current
Business Administration Diploma -
Technikon Free State
Bloemfontein 01.1994 - 01.1997
Skills
Vendor and customer correspondence
Internal and external inquiries resolution
Account reconciliation
Time Management
Deadline driven
Effective communication
Critical thinking
Independent work
Year-end close
Accounts Reconciliation Process
Customer Relations
Accounts Payable and Receivable
Invoice balancing
General Ledger Entries
Timeline
Accountant Receivable
Grey Advertising
03.2020 - Current
Bachelor of Commerce - BCOM General
Regent Business School
07.2016 - Current
Accounts Payable Administrator
Ogilvy & Mather
11.2010 - 02.2020
Bookkeeper
Bidvest Buffalo Executape
11.2004 - 10.2010
Business Administration Diploma -
Technikon Free State
01.1994 - 01.1997
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