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 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.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 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 SupportReporting: 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 ProcessingMonitoring and recording of investments and divestments 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 effectively - Contributing independentlyPlans and aligns - Contributing independentlyDirects work - Contributing independentlyDecision quality - Contributing independentlyBuild a successful career with usWe'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.Core CompetenciesCultivates innovation - Contributing independentlyCustomer focus - Contributing independentlyDrives results - Contributing independentlyCollaborates - Contributing independentlyBeing resilient - Contributing independentlyTurnaround timeThe 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 transformationThe 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.
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