Banking & AP Accountant

19 hours ago

Johannesburg, South Africa Bryte Insurance Company Limited Full time
Job title : Banking & AP AccountantJob Location : Gauteng, JohannesburgDeadline : December 18, 2024Quick Recommended Links
  • Jobs by Location
  • Job by industries

Key Tasks & Accountabilities

  • Effective cash management
  • Effective management of all payments (local / foreign / indirect tax payments)
  • Effective preparation of monthly financial results
  • Effective examination and sign off of accounts payable
  • Effective review of all reconciliations (bank and AP)
  • Effective implementation and monitoring of adherence to internal processes, policies, and procedures

Daily Operations

  • Manage the daily operations of the banking and AP teams.
  • Drive the daily processing of banking transactions through uploading of statements.
  • Drive the daily processing of TIA related GL entries (Bank, Debtors, and other TIA related processing).
  • Daily matching and clearing of EFT in / Out accounts.
  • Manage the daily cash planning requirements, funding and investing requirements (Transfers, sweepings, investments, and disinvestments on a daily basis based on daily requirements from legal entities,      
  • UMA’s and or business units (FinOps, RI, IT and other Bryte business units) as per the documented process.
  • Manage the bi-weekly AP payment processes to be Effective, efficient, and timeous process.
  • Manage the effective, timeous, and accurate processing and approval of valid local and foreign invoices payments.
  • Ensure validity and completes through the approval by department heads accompanied by supporting documentation (Payment requisition, authorised invoice, and proof of banking details).
  • Ensure accurate and complete processing, i.e.  correct allocation of payments to correct cost Centre as per approved cheque requisitions and accurate vat treatment (vatable or vat exempt).
  • Drive the accurate processing of purchases orders / payments / intercompany transactions regarding the vat treatment (whether exempt or vatable).
  • Drive timeous payments through timeous loading and approval of payments on the FNB portal.
  • Manage the TIA Receipts Allocations Process to ensure that the banking team.
  • Capture and allocate premium and claims recoveries received to various debtors accounts according to reference detail received from the credit control team.
  • Capturing and allocation of receipts to be done regularly and timeously (with the bulk allocation period being between the 15th to cut-off date of each month).
  • Escalate and resolve claims recovery rejections with the claims specialist responsible for loading the payments.
  • Investigate and resolve internal queries received from the various stakeholders (credit control team, claims department and underwriting teams).

Monthly / Quarterly / Year-end Process

  • Monthly Review of bank reconciliations.
  • Review all bank reconciliations on a monthly basis within the required timelines.
  • Identify all reconciling items, investigate, follow up on long outstanding items and clear items (items in GL not on bank statement / Items on bank statement not in GL).
  • Processing of accurate and valid manual journal entries, i.e. bank charges, interest received and cash movements.
  • Monthly Review of clearing accounts and other related AP accrual accounts.
  • Investigate and follow up on transactions posted to the TIA clearing account by the finance team.
  • Liaise with the bank regarding transaction queries.
  • Matching and clearing EFT in / EFT out account and liaison with business support to ensure no long outstanding reconciling items.
  • Review of all other AP related control accounts, i.e. AP Accruals, Procurement control account, Trade Creditors.
  • Quarterly Process.
  • Cash movement process - Drive the new daily cash movement process with final journals posted on the 1st WD post quarter-end.
  • Completion of quarterly bank account dashboard.
  • Year-end Process – drive and support the year end process.

​​​​​​​Project Support

  • Drive the TIA fixes with Data team (Bank Recon and Debtors Recon).
  • Investigate and follow up issues on the Claims Payment Control and any other banking or payment related issue.
  • Assist with system enhancement testing (TIA related interfaces).
  • Support of all other adhoc projects.

Staff management and leadership

  • Drive and monitor the team’s meeting of objectives.
  • Training and development to be provided.
  • Assess effective utilisation of the overall team’s time and reallocation of tasks to the rest of the team with capacity.
  • Regular catch-up session with team on objectives & monthly formal one-on-ones).

Stakeholder Support

  • Liaison with all banks on all bank related matters
  • Respond and action queries received from the Finance senior management team
  • Query resolution from internal stakeholders – Queries to be actioned and resolved timeously (brokers, credit control, claims team and other internal stakeholders

Bryte Guiding Principles

  • Model behaviours that demonstrate commitment to Bryte’s guiding principles. 
  • Taking leadership and effectively managing the execution of tasks timeously
  • Effective self-management / Teamwork
  • Take action to manage own personal development and encourage others to do the same

Qualification & Experience

  • BCOM Degree with a minimum of 3-5 years working experience in an accounting role (insurance accounting and/or financial services industry beneficial)
  • Knowledge, understanding and working experience in an accounts department environment
  • Sound understanding of financial processes
  • Understanding of accounting systems and software (beneficial)
  • Basic financial and business acumen
  • Strong numeracy skills
  • Strong interpersonal skills
  • Basic computer literacy
  • Ability to work in a team
  • Leadership potential function.

  • Accounting / Financial Services  jobs

  • Ar and Ap Manager

    5 months ago

    Johannesburg, South Africa Smith Garb Full time

    Gauteng, JHB - Southern Suburbs - 600000K - 660000K pa Head Office Retail Concern, based in Jhb South, has an awesome opportunity for an Accounts Receivables and Accounts Payables Manager. Be responsible for overseeing and managing all aspects of the company's AR and AP functions. Lead a team, ensuring accurate and timely processing of financial...

  • Banking Administrator

    6 months ago

    Johannesburg, South Africa Bryte Insurance Full time

    **Who are we** Bryte Insurance Company Limited is Southern Africa’s premier, proactive business risk specialist. Through its unparalleled industry insights, proven expertise and foresight, Bryte Insurance partners with customers and brokers to protect their businesses and improve their risk profiles. Bryte Insurance Company Limited is a subsidiary of...

  • AP Supervisor for FMCG Industry

    4 weeks ago

    Johannesburg, Gauteng, South Africa Prism Placements Full time

    Accounts Payable Supervisor PositionPrism Placements, a leading recruitment agency, is seeking a seasoned Accounts Payable Supervisor to join their team in the FMCG industry.Key Responsibilities:Manage a team of AP professionalsCoordinate with suppliers in the retail industryEnsure timely and accurate processing of invoicesImplement and maintain SAP...

  • Finance Director

    2 weeks ago

    Johannesburg, Gauteng, South Africa Prism Placements Full time

    Job DescriptionThis is a unique opportunity for a seasoned Finance professional to join our client in the FMCG space as a Finance Director to oversee the entire Accounts Payable (AP) function on a 6-month contract basis.About the RoleThe successful candidate will be responsible for managing and overseeing the entire AP function, ensuring smooth operations...

  • AP / Creditors Supervisor

    4 weeks ago

    Johannesburg, South Africa Jobted ZA C2 Full time

    Prism Placements and this leading FMCG company is looking for a dynamic Accounts Payable / Creditors Supervisor to join their team in Isando. Experience & Requirements: - Relevant qualification ideal - Min 3-4yrs AP / creditors experience where youve delt with tough suppliers in the retail industry - Must have managed a team - FMCG industry experience a...

  • AP / Creditors Supervisor

    4 days ago

    Johannesburg, South Africa Jobted ZA C2 Full time

    Prism Placements and this leading FMCG company is looking for a dynamic Accounts Payable / Creditors Supervisor to join their team in Isando.  Experience & Requirements: - Relevant qualification ideal - Min 3-4yrs AP / creditors experience where you’ve delt with tough suppliers in the retail industry - Must have managed a team - FMCG industry...

  • Credit Ap Controller

    6 months ago

    Johannesburg, South Africa Pollock and Associates Full time

    Credit & AP Controller Distribution / Transport / Logistics / Supply Chain Johannesburg North, Johannesburg - Gauteng - South Africa Elevate your career by joining this Supply Chain Group. In this pivotal role, you'll oversee corporate account reconciliations, manage payment processing, resolve customer queries, and handle distribution-related tasks. With...

  • AP / Creditors Supervisor

    4 weeks ago

    Johannesburg, South Africa Prism Placements Full time

    Prism Placements and this leading FMCG company is looking for a dynamic Accounts Payable / Creditors Supervisor to join their team in Isando. Experience & Requirements:Relevant qualification idealMin 3-4yrs AP / creditors experience where youve delt with tough suppliers in the retail industryMust have managed a teamFMCG industry experience a...

  • AP / Creditors Supervisor

    4 weeks ago

    Johannesburg, South Africa Prism Placements Full time

    Prism Placements and this leading FMCG company is looking for a dynamic Accounts Payable / Creditors Supervisor to join their team in Isando. Experience & Requirements:Relevant qualification ideal Min 3-4yrs AP / creditors experience where youve delt with tough suppliers in the retail industry Must have managed a team FMCG industry experience a...

  • Financial Accountant

    4 weeks ago

    Johannesburg, Gauteng, South Africa H.B. Fuller Full time

    H.B. Fuller - Financial AccountantH.B. Fuller is the largest pureplay adhesives company in the world, offering innovative functional coatings, adhesives, and sealants that enhance the quality, safety, and performance of products used daily.Key Responsibilities:Accurately account for customer collections in a timely manner in the customer ledger.Regularly...

  • AP / Creditors Supervisor

    4 days ago

    Johannesburg, South Africa Prism Placements Full time

    Prism Placements and this leading FMCG company is looking for a dynamic Accounts Payable / Creditors Supervisor to join their team in Isando. Experience & Requirements:Relevant qualification idealMin 3-4yrs AP / creditors experience where you’ve delt with tough suppliers in the retail industryMust have managed a teamFMCG industry experience a...

  • AP / Creditors Supervisor

    4 days ago

    Johannesburg, South Africa Prism Placements Full time

    Prism Placements and this leading FMCG company is looking for a dynamic Accounts Payable / Creditors Supervisor to join their team in Isando.  Experience & Requirements:Relevant qualification ideal Min 3-4yrs AP / creditors experience where you’ve delt with tough suppliers in the retail industry Must have managed a team FMCG industry experience a...

  • AP / Creditors Supervisor - Financial Expert

    4 weeks ago

    Johannesburg, Gauteng, South Africa Prism Placements Full time

    Accounts Payable / Creditors SupervisorPrism Placements, a leading company, is seeking a skilled Accounts Payable / Creditors Supervisor to oversee AP / creditors operations in the FMCG industry.Experience & Requirements:Relevant Qualification: IdealAP / Creditors Experience: Minimum 3-4 years, with experience dealing with tough suppliers in the retail...

  • Accountant

    1 month ago

    Johannesburg, Gauteng, South Africa H.B. Fuller Full time

    Accountant Job DescriptionH.B. Fuller, a leading global adhesives company, seeks a skilled Accountant to join our team. As a key member of our finance department, you will play a crucial role in ensuring the accuracy and timeliness of our financial transactions.Key Responsibilities:Manage customer ledger accounts and ensure timely collection of...

  • Accounts Supervisor

    6 months ago

    Johannesburg, South Africa Ivanhoe Mines Full time

    Ivanhoe Mines is a leading international mining company with business offices throughout the globe. We believe that mining, done right, with purpose, vision, and a commitment to environmental and social responsibility, will play a significant role in the world’s transition to clean energy. At Ivanhoe, we prioritize the growth, learning, and skill...

  • Accountant

    2 months ago

    Johannesburg, South Africa H.B. Fuller Full time

    As the largest pureplay adhesives company in the world, H.B. Fuller’s (NYSE: FUL) innovative, functional coatings, adhesives and sealants enhance the quality, safety and performance of products people use every day. Founded in 1887, with 2023 revenue of $3.5 billion, our mission to Connect What Matters is brought to life by more than 7,000 global team...

  • AR AP Accountant

    3 weeks ago

    Johannesburg, South Africa Onafriq Full time

    Who We Are Onafriq is an omnichannel network of networks, making borders matter less by providing our partners with a single pathway to unlock the full power of cross-border and cross-platform payment solutions. With a network spanning 40 African markets, Onafriq connects over 500 million mobile money wallets, 200 million bank accounts, and 300,000 agents...

  • Accounts Payable Supervisor

    2 months ago

    Johannesburg, South Africa Dark Fibre Africa Full time

    **Main purpose** The A/P Supervisor oversees and manages accounts payable functions, including disbursements, vendor relations, and reconciliations, with the goals of increasing A/P efficiency and improving AP processes. The role is responsible for managing all DFA accounts payable, accruals, general ledger account analysis and reconciliations. Responsible...

  • Account Payable Controller

    5 months ago

    Johannesburg, South Africa Jobs2day Full time

    **Job Title** Accounts Payable Clerk - Disbursements **Reporting Line** Accounts Payable Supervisor **Main Responsibilities** Preparation of Daily, Weekly & Monthly Payments to Suppliers according to laid down procedures Daily capturing of suppliers invoices Preparation of supplier recons and ensuring payment to Suppliers according to laid down...

  • Financial Accountant – Banking

    2 months ago

    Johannesburg, South Africa Jobted ZA C2 Full time

    Overview Hire Resolve, a well-established recruitment company, is currently seeking an experienced Financial Accountant specializing in the banking sector to join their prestigious client. This is an exciting opportunity to play a pivotal role in a fast-paced and dynamic environment within the financial services industry. In this position, you will be...