Financial Processing and Reconciliation Specialist
1 month ago
Who are we?
Sanlam Fintech is a newly established digital first business within the Sanlam Group on a mission to democratise financial advice and solutions for everyone across the African continent. We exist to pioneer inclusive financial confidence helping people build strong foundations to bridge the gap in generational wealth. Our culture is that of agility and constant deployment, we believe in learning fast, learning cheap and learning forward. Our aim is to provide a work environment where knowledge workers can accelerate the development of their ideas and bring innovation to market, at the same time provide compelling career and development proposition that will enable them to realise their dreams.
Position Overview
The Financial Processing and Reconciliation Specialist role in a collections and payments business is crucial for ensuring the efficiency of accounting processes within Multi Data across all platforms. This includes managing cash flow, balancing accounts, and overseeing reconciliations with clients, all while maintaining high-quality standards in financial transactions. The primary objectives are to ensure accurate transaction processing, resolve discrepancies, support compliance with financial regulations, and enhance operational efficiency in payment processing. Ultimately, this role is essential for maintaining financial integrity and optimizing overall business operations.
Qualifications
- Diploma / Degree in Accounting will be advantageous
- Appropriate Money Movement experience/ knowledge
- Computer literacy (Excel & Word)
Experiences
- 3 – 5 years’ experience in reconciliation
- Multi Data system knowledge
- Bank and Financial industry knowledge
- In depth knowledge of SAP S/4 HANA System
- Multi Data processes and services (Collections and Payments)
- Legislation regarding Bureau industry
- Management Reporting
- Investigative Techniques
- System within Money transfers
What will you do?
- Bank and Accounts Reconciliation
- Financial Management and Accounting: Oversee and manage costs and income with timely precision, ensuring compliance, accuracy, and effective interest calculations that contribute to the company’s financial health.
- Month-End Process: Lead the month-end processes, conducting detailed reconciliations for accurate financial reporting. Proactively investigate and resolve any discrepancies, ensuring all accounts are balanced and accurate.
- Audit Support
- Reporting: Compile and analyze monthly management reports, including debtor aging analysis, fee maintenance, and financial summaries, providing valuable insights to management.
- Process Improvement: Identify and implement strategic enhancements to financial processes and controls, significantly improving efficiency and operational effectiveness, including documentations of processes and financial master data.
- Fee Recovery: Drive the reconciliation and recovery of billing and service fees from both internal and external clients, enhancing cash flow and financial stability.
- Transaction Processing: Effectively manage disbursements, collections, and payments, ensuring meticulous handling of bank statements and adherence to daily limits.
- Client Data Management: Maintain and update client data with accuracy and consistency, leveraging SAP Master Data Governance for reliable financial operations.
- Client Support: Provide exceptional client support by resolving queries through clear communication and ensure timely escalation and resolution of system errors.
- Risk Management: Implement robust financial risk management practices, closely monitoring outstanding funds to ensure timely collections and mitigate potential risks.
- Quality Control and Assurance: Addressing inconsistencies and ensuring excellence.
- Bank File Processing
- Monitoring and recording of investments and divestments in the Multi Data Money Market Account.
What will make you successful in this role?
- Financial Integrity and Compliance
- Operational Efficiency
- Client Satisfaction and Relationships
- Cash Flow and Financial Stability
- Risk Management
Knowledge and Skills
General administrative practices
Budgeting and risk administration
Logistical and events/meeting co-ordination
General Communication
Management of employees
Personal Attributes
Communicates effectively - Contributing independently
Plans and aligns - Contributing independently
Directs work - Contributing independently
Decision quality - Contributing independently
Build a successful career with us
We’re all about building strong, lasting relationships with our employees. We know that you have hopes for your future – your career, your personal development and of achieving great things. We pride ourselves in helping our employees to realise their worth. Through its five business clusters – Sanlam Fintech, Sanlam Life and Savings, Sanlam Investment Group, Sanlam Allianz, Santam, as well as Mi Way and the Group Office – the group provides many opportunities for growth and development.
Core Competencies
Cultivates innovation - Contributing independently
Customer focus - Contributing independently
Drives results - Contributing independently
Collaborates - Contributing independently
Being resilient - Contributing independently
Turnaround time
The shortlisting process will only start once the application due date has been reached. The time taken to complete this process will depend on how far you progress and the availability of managers.
Our commitment to transformation
The Sanlam Group is committed to achieving transformation and embraces diversity. This commitment is what drives us to achieve a diverse, inclusive and equitable workplace as we believe that these are key components to ensuring a thriving and sustainable business in South Africa. The Group's Employment Equity plan and targets will be considered as part of the selection process.
-
Cape Town, South Africa Sanlam Full timeWho are we?- Sanlam Fintech is a newly established digital first business within the Sanlam Group on a mission to democratise financial advice and solutions for everyone across the African continent. We exist to pioneer inclusive financial confidence helping people build strong foundations to bridge the gap in generational wealth. Our culture is that of...
-
Cape Town, South Africa Sanlam Full timeFinancial Processing and Reconciliation Specialist Date: 15 Oct 2024 Location: Cape Town, Western Cape, ZA Company: Sanlam Group Who are we? Sanlam Fintech is a newly established digital first business within the Sanlam Group on a mission to democratise financial advice and solutions for everyone across the African continent. We exist to pioneer...
-
Cape Town, South Africa Sanlam Full timeWho are we? Sanlam Fintech is a newly established digital first business within the Sanlam Group on a mission to democratise financial advice and solutions for everyone across the African continent. We exist to pioneer inclusive financial confidence helping people build strong foundations to bridge the gap in generational wealth. Our culture is that of...
-
Cape Town, South Africa Sanlam Full timeWho are we? Sanlam Fintech is a newly established digital first business within the Sanlam Group on a mission to democratise financial advice and solutions for everyone across the African continent. We exist to pioneer inclusive financial confidence helping people build strong foundations to bridge the gap in generational wealth. Our culture is that of...
-
Cape Town, South Africa Sanlam Full timeFinancial Processing and Reconciliation Specialist Date: 20 Nov 2024 Location: Cape Town, Western Cape, ZA Company: Sanlam Group Who are we? Sanlam Fintech is a newly established digital first business within the Sanlam Group on a mission to democratise financial advice and solutions for everyone across the African continent. We exist to pioneer...
-
Financial Processing and Reconciliation Manager
3 weeks ago
Cape Town, Western Cape, South Africa Sanlam Full timeAbout the RoleThe Financial Processing and Reconciliation Specialist will play a crucial part in ensuring the efficiency of accounting processes within Multi Data across all platforms. This includes managing cash flow, balancing accounts, and overseeing reconciliations with clients, all while maintaining high-quality standards in financial transactions.Main...
-
Financial Processing
2 weeks ago
Cape Town, South Africa Network Recruitment Full timeResponsibilities: Manage the end-to-end financial processing tasks, ensuring timely and accurate execution of financial transactions. Prepare and upload financial journals using the SAP S/4 HANA system, maintaining compliance with company policies and financial regulations. Leverage the Recon Tool on SAP to conduct detailed account reconciliations, identify...
-
Financial Processing
2 weeks ago
Cape Town, South Africa Network Recruitment Full timeResponsibilities:Manage the end-to-end financial processing tasks, ensuring timely and accurate execution of financial transactions.Prepare and upload financial journals using the SAP S/4 HANA system, maintaining compliance with company policies and financial regulations.Leverage the Recon Tool on SAP to conduct detailed account reconciliations, identify...
-
Financial Processing
2 weeks ago
Cape Town, South Africa Network Recruitment Full timeResponsibilities: Manage the end-to-end financial processing tasks, ensuring timely and accurate execution of financial transactions. Prepare and upload financial journals using the SAP S/4 HANA system, maintaining compliance with company policies and financial regulations. Leverage the Recon Tool on SAP to conduct detailed account reconciliations,...
-
Financial Processing
2 weeks ago
Cape Town City Centre, South Africa Jobted ZA C2 Full timeResponsibilities: - Manage the end-to-end financial processing tasks, ensuring timely and accurate execution of financial transactions. - Prepare and upload financial journals using the SAP S/4 HANA system, maintaining compliance with company policies and financial regulations. - Leverage the Recon Tool on SAP to conduct detailed account reconciliations,...
-
Reconciliation Analyst
7 months ago
Cape Town, South Africa CA Financial Appointments Full timeDynamic fintech team servicing international clients and who are in an exciting growth phase seeks a Reconciliations Analyst to join their FinOps team and be responsible for the reconciliation of client accounts. The role offers potential for future growth. It sits within the shared services team, who are proactive and forward-thinking and who offer a...
-
Financial Services Specialist
7 hours ago
Cape Town, Western Cape, South Africa Accounting and Financial Advisory Ltd Full timeJob Title: Financial Services SpecialistAccounting and Financial Advisory Ltd.Job Summary:We are seeking a highly skilled Financial Services Specialist to join our team at Accounting and Financial Advisory Ltd. In this role, you will be responsible for ensuring accurate and timely processing of client expenditures, maintaining standardized accounting...
-
Financial Operations Specialist
1 month ago
Cape Town, Western Cape, South Africa CA Financial Appointments Full timeFinancial Operations SpecialistCA Financial Appointments is seeking a highly skilled Financial Operations Specialist to join our team. In this role, you will be responsible for managing daily financial functions, including actioning accounts transactions on SAP, controlling purchase orders, and maintaining statutory fixed assets registers.Key...
-
Reconciliation Specialist
6 months ago
Cape Town, South Africa Lula Full time**Reporting to**: Senior Accountant: Banking **Location**: Cape Town **ALL STAFF APPOINTMENTS WILL BE MADE WITH DUE CONSIDERATION OF THE COMPANY'S EE TARGETS** **WHAT WE DO** Lula is an innovative and human-focused FinTech company on a mission to help small businesses optimise their cash flow. Our purpose is to help SMEs manage their businesses better,...
-
Financial Planning and Analysis Specialist
1 month ago
Cape Town, Western Cape, South Africa CA Financial Appointments Full timeWe are seeking a highly skilled Financial Planning and Analysis Specialist to join our team at CA Financial Appointments. As a Management Accountant, you will play a critical role in ensuring the accuracy and reliability of our company's financial information. Your attention to detail and analytical skills will be essential in supporting our organisation in...
-
Accounts Payable Specialist
7 hours ago
Cape Town, Western Cape, South Africa NDC Personnel Full timeWe are seeking a highly skilled Accounts Payable Specialist to join our team at NDC Personnel & Contractors. As an expert in financial reconciliation, you will play a critical role in ensuring timely payments and maintaining adherence to financial controls.About the RoleIn this position, you will be responsible for reconciling processed invoices to supplier...
-
Cape Town, Western Cape, South Africa Institute for Justice and Reconciliation (IJR) IJR Full timeAbout the RoleThe Institute for Justice and Reconciliation (IJR) seeks a highly skilled Senior Grants and Partnership Development Specialist to join our team. The successful candidate will play a key role in developing and managing strategic partnerships with donors, NGOs, and private sector organizations.
-
Financial Reporting Specialist
3 weeks ago
Cape Town, Western Cape, South Africa CA Financial Appointments Full timeJob Title: Management AccountantAbout the Role:We are seeking a highly skilled Management Accountant to join our team at CA Financial Appointments. As a key member of our finance team, you will be responsible for ensuring the accuracy and reliability of our financial information.Key Responsibilities:Financial Reporting: Compile, verify and issue financial...
-
Senior Account Reconciliation Specialist
1 month ago
Cape Town, Western Cape, South Africa Parvana Full timeAbout the Role: As a Senior Account Reconciliation Specialist at Parvana, you will be responsible for ensuring the accuracy of customer accounts and resolving any queries or issues related to debtor statements. Your attention to detail and analytical skills will be essential in producing timely and accurate debtor statements, reports, and reconciliations....
-
Financial Operations Specialist
1 month ago
Cape Town, Western Cape, South Africa CA Financial Appointments Full timeFinancial Operations SpecialistCA Financial Appointments is seeking an experienced Financial Operations Specialist to join their financial team.Key Responsibilities:Verify and process financial documents to ensure accuracy and complianceMatch supplier invoices to relevant orders and documentsCapture and record financial transactionsReconcile financial...
