Financial Processing and Reconciliation SpecialistDate: 15 Oct 2024Location: Cape Town, Western Cape, ZASanlam 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.Position OverviewThe Financial Processing and Reconciliation Specialist role 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, 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.QualificationsDiploma / Degree in Accounting will be advantageousAppropriate Money Movement experience/ knowledgeExperiences3 – 5 years' experience in reconciliationMulti Data system knowledgeBank and Financial industry knowledgeIn depth knowledge of SAP S/4 HANA SystemMulti Data processes and services (Collections and Payments)Management ReportingSystem within Money transfersWhat will you do?Bank and Accounts ReconciliationFinancial Management and Accounting: Oversee and manage costs and income with timely precision, ensuring compliance, accuracy, and effective interest calculations.Month-End Process: Lead the month-end processes, conducting detailed reconciliations for accurate financial reporting.Audit SupportReporting: Compile and analyze monthly management reports, including debtor aging analysis and financial summaries.Process Improvement: Identify and implement strategic enhancements to financial processes and controls.Fee Recovery: Drive the reconciliation and recovery of billing and service fees.Transaction Processing: Manage disbursements, collections, and payments.Client Data Management: Maintain and update client data with accuracy.Client Support: Provide exceptional client support by resolving queries.Risk Management: Implement robust financial risk management practices.Quality Control and Assurance: Address inconsistencies and ensure excellence.Bank File ProcessingMonitoring and recording of investments in the Multi Data Money Market Account.What will make you successful in this role?Financial Integrity and ComplianceOperational EfficiencyClient Satisfaction and RelationshipsCash Flow and Financial StabilityKnowledge and SkillsGeneral administrative practicesBudgeting and risk administrationLogistical and events/meeting co-ordinationGeneral CommunicationManagement of employeesPersonal AttributesCommunicates effectivelyPlans and alignsDirects workDecision qualityBuild a successful career with usWe're all about building strong, lasting relationships with our employees. We pride ourselves in helping our employees to realise their worth.Core CompetenciesCultivates innovationCustomer focusDrives resultsCollaboratesBeing resilientTurnaround timeThe shortlisting process will only start once the application due date has been reached.Our commitment to transformationThe Sanlam Group is committed to achieving transformation and embraces diversity.
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