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

About the Role

We are seeking a skilled and experienced Banking and AP Accountant to join our team in Johannesburg. As the first line manager of the accounts payable and banking department, you will be responsible for ensuring the smooth running of daily operational requirements 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 (Transfers, sweepings, investments and disinvestments on a daily basis based on daily requirements from legal entities, UMA’s and or 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 the 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 debtor’s 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
• Investigating and resolving internal queries received from the various stakeholders (credit control team, claims department and underwriting teams)
• 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

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)
• Ability to work in a team
• Management of all payments (local / foreign / indirect tax payments)
• Sound understanding of financial processes

Qualifications

• BCOM Degree in accounting