At a Glance
- Tasks: Receive and process cash deposits while ensuring accuracy and compliance.
- Company: Join a leading financial institution with a focus on teamwork and integrity.
- Benefits: Competitive salary, contract position, and valuable experience in the finance sector.
- Other info: Dynamic work environment with opportunities for growth and learning.
- Why this job: Gain hands-on experience in cash processing and develop essential skills for your career.
- Qualifications: Grade 12 with Maths Literacy; previous cashier experience is a plus.
The predicted salary is between 24000 - 36000 € per year.
Description
Receive Cash
- Receive deposits and update on the applicable systems.
- Comply with all policies and procedures to eliminate any possible risks to the company and the customer.
- Prepare Cash on the applicable system.
- Check container/Bag for any damages or interferences and report all anomalies to Team Controller.
- Acknowledge container/bag on applicable system.
- Process all deposits in line with the agreed upon banks SLAs and SOPs on the applicable system.
- Prep workstation accurately for effective and efficient note counting.
Note Sorting
- Sort all prepped deposits/notes for (FDP/ACDP) on the same day, within the cut off times.
- Send rejected notes to the Reject Teller together with the PCD cards, deposit slips and stop loss bag to verify and balance.
- Reconciliation of ACDP deposits.
- Perform a reconciliation of all notes rejected in order to validate the information.
- Manually check all rejected notes for counterfeits, dye-stained and mutilated notes.
- Perform cash transfers to vaults.
- Perform end of day balancing/reconciliation of all cash received.
- Handle all transactions including shortages and surpluses according to SOPs.
Desktop deposit processing
- Check container/Bag for damage/tamper, report anomalies to Team Controller.
- Acknowledge container/bag on applicable system.
- All deposits must be kept separate per customer at all times and all deposits must be processed on the same day received by the customer.
- All deposits must be processed and balanced on the applicable system.
- Perform end of day balancing/reconciliation of all cash received.
- All transactions, including shortages and surpluses must be handled according to SOPs.
- Accurate prepping must be done to enable effective and efficient note counting.
Sachet and Process Coin
- Process bulk coin deposits in accordance with SBV’s policies and Procedures.
- Sort and process teller coin transfers.
Bank system Integrated deposit processing
- Validate all transactions linked to system integrations as per banks SLA.
- Inform client services of account numbers not linked to bank system to avoid delays in crediting the customer.
- Verify deposit account number to eliminate losses or misposts.
- Escalate system downtime/delayed batches to team controller.
Payroll and change
- Payroll/change transactions must be processed in accordance with SLA per customer.
- Report all discrepancies to the Team Controller timeously.
- Floats must be sealed in drop safe bags along with float packing slips and placed into trolleys as per client requirement.
- Payroll entries to be processed within the banks SLA timeframes.
- Maintain all equipment by reporting any defects on equipment to the Team Controller.
- Obtain banks authorization prior to dispatching as per SOP.
Prepack/Treasury
- Assist with the accurate packing and unpacking of Bank and ATM Cash.
- Manage consumables in line with packing requirements.
- Confirm that the bag and Seal numbers are properly recorded.
Manage Equipment
- Utilise equipment according to Standard Operating Procedures (SOPs), protecting and taking care of company assets.
Requirements
- Grade 12 with Math's Literacy
- 6 months previous cashier/teller experience (Advantageous)
Work Level: Junior
Job Type: Contract
Salary: Market Related
Duration: EE Position: Yes
Location: East London
Cash Processor employer: SBV South Africa
As a Cash Processor in East London, you will join a dynamic team that prioritises accuracy and compliance while fostering a supportive work environment. Our company offers competitive salaries, comprehensive training, and opportunities for career advancement, ensuring that employees can grow their skills and progress within the organisation. With a strong commitment to employee well-being and a culture of collaboration, we provide a rewarding workplace where your contributions are valued.
StudySmarter Expert Advice🤫
We think this is how you could land Cash Processor
✨Tip Number 1
Get to know the company! Research their values and culture so you can tailor your approach during interviews. This shows you're genuinely interested and helps you stand out from the crowd.
✨Tip Number 2
Network like a pro! Connect with current employees on LinkedIn or attend industry events. A friendly chat can sometimes lead to job opportunities that aren't even advertised yet.
✨Tip Number 3
Practice makes perfect! Prepare for common interview questions related to cash processing and customer service. Role-playing with a friend can help you feel more confident when it’s your turn in the hot seat.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, we love seeing candidates who take the initiative to connect directly with us.
We think you need these skills to ace Cash Processor
Some tips for your application 🫡
Tailor Your CV:Make sure your CV highlights relevant experience, especially any previous cashier or teller roles. We want to see how your skills match up with the cash processing tasks mentioned in the job description.
Showcase Attention to Detail:Since this role involves a lot of accuracy and compliance, emphasise your attention to detail in your application. Mention any experiences where you’ve had to follow strict procedures or handle cash responsibly.
Be Clear and Concise:When writing your cover letter, keep it straightforward. We appreciate clarity, so get straight to the point about why you’re a great fit for the Cash Processor position and how you can contribute to our team.
Apply Through Our Website:Don’t forget to submit your application through our website! It’s the best way for us to receive your details and ensures you’re considered for the role. Plus, it’s super easy!
How to prepare for a job interview at SBV South Africa
✨Know Your Cash Processing Basics
Before the interview, brush up on your knowledge of cash processing procedures. Understand the importance of compliance with policies and how to handle cash securely. Being able to discuss these topics confidently will show that you’re serious about the role.
✨Familiarise Yourself with the Systems
Get to know the systems mentioned in the job description, like the applicable systems for deposits and reconciliations. If possible, research common software used in cash processing. This will help you answer questions more effectively and demonstrate your readiness to hit the ground running.
✨Prepare for Scenario Questions
Expect scenario-based questions where you might need to explain how you would handle specific situations, such as dealing with discrepancies or rejected notes. Think of examples from your past experience or hypothetical situations to illustrate your problem-solving skills.
✨Show Attention to Detail
Since the role requires accuracy in cash handling and reporting, be prepared to discuss how you ensure attention to detail in your work. You could mention methods you use to double-check your work or how you stay organised during busy periods.
