Johannesburg: Banking and AP Accountant posted by AtripleA recruitment & temps

About the Role

The role holder has the overall responsibility to function as the first line manager of the accounts payable and banking department to ensure the smooth running of the daily operational requirements of the functions through effective leadership.

Key Responsibilities

• 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
• 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
• Ensure accurate and complete processing, i.e. correct allocation of payments to the correct cost centre as per approved cheque requisitions and accurate vat treatment
• Drive the accurate processing of purchases orders / payments / intercompany transactions regarding the vat treatment
• 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 debtor’s accounts according to reference detail received from the credit control team
• Capturing and allocation of receipts to be done regularly and timeously
• Escalate and resolve claims recovery rejections with the claims specialist responsible for loading the payments
• Investigating and resolving internal queries received from the various stakeholders
• 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
• 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
• 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
• 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
• 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 issues
• 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
• 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

Requirements

• BCOM Degree in accounting
• 3-5 years working experience in an accounting role (insurance accounting and/or financial services industry beneficial)
• Basic financial and business acumen
• Basic computer literacy
• Understanding of accounting systems and software (beneficial)

Qualifications

No formal education/certifications mentioned.

Salary & Benefits

Salary information not mentioned.