Job Description

THE JOB AT A GLANCE

Reporting to the Head: Operational Finance, the Bank and Cash Manager will be responsible for managing the company's cash flow by ensuring that bank reconciliations and accounting processes are performed timeously and accurately. The incumbent will also be responsible for ensuring that there are sufficient funds available in the bank for operational continuity.

WHAT WILL YOU DO?

Cash Management



Manage group company cash flow, ensuring that there are sufficient funds in all group accounts



Analyse cash flow balances and conduct forecasts to ensure that sufficient funds are available to pay operational expenses. Obtain daily estimates from relevant teams (i.e. Claims Payment team, creditors, debtors etc.)



Make investment or disinvestment decisions and provide recommendations to the Head: Operational Finance for authorisation. Draft instruction letters to the investment company based on decision.



Responsible for intercompany transfers based on business requirements



Escalate any suspicious cash payments or cash deposit transactions to the Investigations team



Monitor and report on bank charges for all bank accounts





Accounting



Check that cashbook transactions of various banks are processed on a daily basis



Capture bank charges, interests, management fees, SARS payments, 3rd party payment, commission payments and manual claims payments on the system



Process Accounts Receivables - unpaid or rejected accounts and refunds



Review intercompany transfers for requested by the Debtors Department and send to the Cashbook Clerk for processing



Process intercompany loan repayments



Monitor Accounts Receivable, Accounts Payable and General Ledger postings from debtors, pensions, claims and creditors



Review weekly bank recons captured by the Cashbook Clerk



Prepare and review all monthly bank recons (RMA, RML and Group) for audit requirements, send to Accounts for review and Head: Operational Finance for approval



Process online credit card payments





Administration



Administer the online banking business profile



Create new users, give users access to online banking portal as and when required



Link bank accounts to online banking platform as and when required (i.e. new business)



Open and close bank accounts as per business requirements (i.e. inactive accounts, new products, new business etc.)



Load e-wallet cards onto the bank and issue e-wallet cards to branches for petty cash use



Check and approve the petty cash recon before submitting to creditors for reimbursement



Review branch petty cash recons and submit to creditors department for reimbursement payment. Ensure that recons are approved by branch managers



Analyse unallocated report and distribute to relevant departments for clearing - debtors, pensions, creditors etc.



Assist with and facilitate the annual renewal of the forex control exchange license. Engage with the Pensions department to compile relevant documentation for submission to the bank



Manage and update the bank account signatory mandate as and when required



Manage business credit card related uses and address with the bank



Facilitate testing for any systems development related business project (i.e. bank or internal)



Facilitate and address all bank related issues for the group



Submit Treasury report to the Head: Operational Finance (weekly /quarterly/Monthly)





Team Management



Oversee the day to day management of the team



Supervise the activities of the team



Ensure that staff within are continuously trained



Conduct performance reviews with the team



Develop annual KPA's for staff



Ensure effective performance management is carried out



Act to resolve issues which prevent effective team working, even during times of change and uncertainty



Coach others and encourage them to take ownership of their development





Compliance



Ensure that all work is performed in terms of required standard and regulation



Analyse cash deposit transactions report on a daily basis and report and cash report any cash deposit above the required limit to the Risk and Compliance team for assessment



Ensure that all company policies and procedures are adhered to



Ensure timely submission of various periodical reports, highlights of the previous month's reports



Monitor cash deposit transactions for Anti-Money Laundering (AML) reporting by analysing all cash transactions across bank accounts

WHAT YOU'LL BRING TO THE TABLE?

Minimum Qualification

NQF Level 6 - Advanced Diploma in Finance



NQF Level 7: Degree in Finance (advantageous)



Minimum 3 - 5 years; experience in the finance environment



Good computer skills - MS Word, Excel, Outlook



Strong planning & decision-making skills



Analytical and problem-solving skills



Ability to work independently with an attention to detail



Excellent communication skills



Time management skills

WHAT WILL YOU GET IN RETURN?

We offer great opportunities for personal and professional development in a stable company that's 131 years strong. The role comes with a competitive salary package and various benefits. Flexible work arrangements (combination of remote and in the office). Furthermore, you will be a part of a dedicated group of colleagues who value teamwork and collaboration.

Turnaround time

The 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. Kindly note that should you not receive a response within 21 days please consider your application unsuccessful.

Our Commitment to transformation:

In accordance with the employment equity plan of Rand Mutual Assurance and its employment equity goals and targets, preference may be given, but is not limited, to candidates from under-represented designated groups.

Minimum Qualification

NQF Level 6 - Advanced Diploma in Finance



NQF Level 7: Degree in Finance (advantageous)



Minimum 3 - 5 years; experience in the finance environment



Good computer skills - MS Word, Excel, Outlook



Strong planning & decision-making skills



Analytical and problem-solving skills



Ability to work independently with an attention to detail



Excellent communication skills



Time management skills