Sales and Receivables Accountant – Job Ref: 99

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Sales and Receivables Accountant

New Position Opening: Sales and Receivables Accountant

About Rent to Own

Serving over 7,000 entrepreneurs in Zambia since its inception in 2010, Rent to Own has pioneered asset financing in rural Africa and achieved exceptional 96% repayment rates over the last 3 years. To date, Rent to Own has sold over $4.0m worth of equipment with projected sales of $1.9m in 2019. Rent to Own doubled its portfolio from 2017 to 2018. Rent to Own’s flexible, tech enabled platform can efficiently bring new technology and equipment to the market, enabling the rapid adoption of productive use assets which increase customer income throughout rural Africa, a multi-billion dollar and rapidly growing market. Rent to own is backed by Tier 1 investors and foundations including AHL Venture Partners, Shell Foundation, and Small Foundation

Position Description

RTO is seeking a Sales and Receivables Accountant to oversee all accounting and financial controls related to invoicing and payments.

RTO has growing loan book of over 7,000,000 ZMW and over 2000 active clients. As such, the need for increased efficiency and robust financial controls related to sales and receivables processes is imperative. To this end, the Sales and Receivables Accountant will play a key role in the migration from largely Excel-based and manual processes to appropriate and integrated systems.

This is an exciting chance to work on the Finance Team of a rapidly growing social enterprise, and to experience a number of opportunities for promotion, mentorship, skill development, and personal growth.

Reporting Line

The Sales and Receivables Accountant will report directly to and work closely with the Finance Manager, and work on a Lusaka-based Finance Team currently consisting of five individuals.

Key Accountabilities

  • Approve client payments in the CRM system (Salesforce) submitted by field staff and upon confirmation with bank statements (potential for this task to migrate to a separate data entry clerk position in the future).
  • Calculate and enter/upload all transactions in financial system (QuickBooks) related to sales and receivables, included but not limited to client invoices, payments, discounts, credit notes, and refunds.
  • Reconcile multiple bank and mobile money accounts used to collect payments from customers. Ensure collected funds are transferred to main bank account on a daily basis.
  • Work with field staff to identify factors contributing to and reduce volume of payments from unknown depositors.
  • Relentlessly identify opportunities to increase process efficiency and robustness in light of a rapidly growing number and complexity of financial transactions.
  • Assume a key role in the design, testing, and implementation of integrated systems related to the sales and receivables function.
  • Other responsibilities as required on Finance Team, including relief of other team members during leave.

Required Competencies and Skills

  • Thorough understanding of Financial Statements, double-entry bookkeeping, and accrual accounting principals.
  • Advanced Excel skills. At a minimum, comfort with Lookup formulas, If-Then formulas, and pivot tables.
  • Strong oral and written communication skills. An ability to clearly articulate complex problems and associated options.
  • Strong data analysis and trouble-shooting skills. An eye for detail and a passion for accuracy.
  • Ability to identify broken or missing processes and controls, and independently drive business process improvement with a forward-thinking view.

Required Education and Experience

  • Certificate or Qualification in Accounting or Finance from a recognized institution. Preferably accounting technician certification and/or CCA Level 2, ZICA Level 2, or CIMA Level 2.
  • Experience using accounting software, preferably cloud-based packages such as QuickBooks and Xero.
  • Minimum two years experience as a bookkeeper, accounting technician, or accounting clerk.


  • Competitive compensation package, including eligibility to participate in employee health scheme.
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