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For Companies At a Glance
- Tasks: Verify and audit treasury registers, ensuring cash balances are accurate and compliant.
- Company: Join a leading financial services provider committed to quality and innovation.
- Benefits: Enjoy competitive pay, career growth opportunities, and a supportive work environment.
- Why this job: Make a real impact by ensuring financial accuracy and compliance in a dynamic team.
- Qualifications: 5 years in balancing and reconciliation, with strong analytical skills.
- Other info: Be part of a culture that values change, teamwork, and customer service excellence.
The predicted salary is between 36000 - 60000 ÂŁ per year.
Responsibilities
- Verify and audit treasury registers and validate cash on hand figures carried on the reconciliation balance.
- Review GL from Cash Centre or bank to validate that GL figures carried on the reconciliation are in a balance position.
- Maintain proper record keeping for remote and on-site cash account audits.
- Perform random audits on all applicable accounts, provide audit reports with source documentation on risks identified to the recon specialist to review and send to the cash centre and general managers.
- Follow up with the cash centre managers on the resolution of findings as per the audit reports and elevate where necessary.
- Subscribe and align to SBV Services' ISO 9001:2015 Quality Management Standards, ensuring the department's processes and quality management system is at all times in compliance with the standard.
- Support SBVs ESG journey, reporting on and managing the ESG requirements to ensure a positive reflection and outcome.
- Coordinate and support the cash centres on the balancing of products or services of SBV.
- Acquire relevant source documentation and support all centres with reconciliation queries.
- Reconcile daily automated reconciliations and balance GL accounts to zero.
- Compile and submit “Certificate of Balance” in accordance with the Delegation of Authority.
- Adjust all floats and settlements accordingly through the checking of Cash Centre data.
- Compare daily Settlements with Centre balancing to mitigate any incorrect Settlements.
- Escalate any Settlement issues immediately to Management.
- Reconcile and elevate all centre GL's when recons are out of balance, both on and offsite.
- Follow-up with centres regarding outstanding items older than 3 days and support in terms of resolving these items.
- Identify and elevate non-compliance of SOPs at centre level and provide support and guidance through daily telecoms.
- Review centre recons daily to verify compliance and minimise risk.
- Provide daily reporting to the relevant stakeholders regarding the status of balances per centre.
- Provide guidance to Recon & Balancing Assistants in resolving operational reconciliation queries.
New Projects
- Assist and provide feedback to the relevant stakeholders on new projects from a reconciliation perspective, including new cash centres and reconciliation of cash accounts as and when required.
Cash on Hand Checks
- Validate that all Cash on hand certificates balance according to the GL accounts daily and elevate to the Balancing & Recon Specialist if not in a balancing position.
- Perform weekly Cash on hand checks on all accounts and verify that all supporting documents are correct and in a balancing position.
- Verify that monthly cash on hand checks from the centres are signed off by Centre managers and is in a balancing position.
Customer Support
- Analyse and resolve customer queries within the agreed timeframes (SLA) and provide feedback to the Customer Liaison Officer.
- Escalate complex matters to the relevant manager.
- Provide ongoing support to internal and external stakeholders.
Drive the Organisation Culture
- Drive the department's values while inspiring confidence and generating excitement, enthusiasm and commitment towards the mission.
- Act as a change management architect in periods of change to ensure business continuity.
- Manage the integration of business units into a seamless end to end solution for customers.
- Effectively communicate and embed new processes and procedures as they occur, addressing or escalating matters/ concerns to the SMEs (subject matter experts) when required.
- Facilitate the necessary presentations, workshops, or forums to ensure consistent and accurate communication is given across one’s portfolio.
Requirements
- Minimum Requirements: Work Experience
- 5 Years' experience within balancing and recon of which 2 years' experience in an accounting role.
- Experience within a cash centre/bank: Advantageous.
- Grade 12 (Matric) with Accounting and Mathematics.
- Diploma/Degree in Financial or Business Management qualification: Advantageous.
- MS Office – Intermediate level.
- Analytical and Critical Thinking Ability.
- Customer Service Orientation.
- Information Management.
- Quality Management.
- Verbal, non-verbal and Written Communication Skills.
- Risk Management.
Operational Balancing and Recon Officer in Houghton employer: SBV South Africa
Contact Detail:
SBV South Africa Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Operational Balancing and Recon Officer in Houghton
✨Tip Number 1
Network like a pro! Reach out to people in the industry, attend events, and connect on LinkedIn. You never know who might have the inside scoop on job openings or can put in a good word for you.
✨Tip Number 2
Prepare for interviews by researching the company and role thoroughly. Understand their values, especially around quality management and ESG, so you can show how you align with their mission during the chat.
✨Tip Number 3
Practice your responses to common interview questions, but keep it natural. Use the STAR method (Situation, Task, Action, Result) to structure your answers, especially when discussing your experience in balancing and reconciliation.
✨Tip Number 4
Don’t forget to follow up after interviews! A quick thank-you email can leave a lasting impression and shows your enthusiasm for the role. And remember, apply through our website for the best chance!
We think you need these skills to ace Operational Balancing and Recon Officer in Houghton
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Operational Balancing and Recon Officer role. Highlight your experience in balancing and reconciliation, especially any relevant accounting roles you've had. We want to see how your skills match what we're looking for!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're passionate about this position and how your background aligns with our needs. Don't forget to mention your understanding of ISO 9001:2015 standards if you have experience with them.
Showcase Your Analytical Skills: Since this role requires strong analytical and critical thinking abilities, make sure to include examples of how you've successfully tackled complex problems in previous jobs. We love seeing how you approach challenges!
Apply Through Our Website: We encourage you to apply directly through our website. It’s the best way to ensure your application gets into the right hands. Plus, it shows us that you're keen on joining the StudySmarter team!
How to prepare for a job interview at SBV South Africa
✨Know Your Numbers
As an Operational Balancing and Recon Officer, you'll be dealing with cash figures and reconciliations. Brush up on your accounting principles and be ready to discuss how you’ve handled cash audits or reconciliations in the past. Be specific about the tools and methods you used.
✨Showcase Your Attention to Detail
This role requires a keen eye for detail, especially when verifying treasury registers and GL figures. Prepare examples of how you've identified discrepancies in financial records before. Highlight your process for ensuring accuracy in your work.
✨Understand Quality Management Standards
Familiarise yourself with ISO 9001:2015 Quality Management Standards, as this is crucial for the position. Be prepared to discuss how you’ve implemented quality control measures in previous roles and how you can contribute to maintaining compliance.
✨Communicate Effectively
Strong communication skills are essential, especially when liaising with cash centre managers and stakeholders. Practice articulating your thoughts clearly and concisely. Think of examples where your communication made a difference in resolving issues or improving processes.