Recons Administrator at Silica

Recons:

• Perform daily reconciliation of the DARA Control accounts and follow up on the outstanding recon items and
  queries
• Perform daily reconciliation of the Bank accounts for submission of a daily/monthly bank reconciliation all recons and following up on any outstanding recons items and queries.
• Perform a reconciliation of Recoveries on a monthly basis.
• Dealing with queries from the Client and resolution thereof within client service levels, and if unresolved escalate to the Team Leader. Address escalations timeously.
•  Liaise with Internal & External Auditors and handle their queries
•  Perform and submit monthly packs which consist of a Trial Balance, Bank recon, Monthly Transactions and Ageing.
• Conduct testing where there are LOB changes and upgrades to ensure that the output is correct
• Ensure daily and monthly reporting on recon deadlines is met within SLA
• Drive automation where possible across recons and reporting
• Working with the Business Change team to solve business problems and implement continuous improvement
• To ensure that all communication both telephonically and written is delivered in a professional manner

Client/Supplier interaction:

• Preparation of related reporting (Trial Balance, Bank recon, Monthly Transactions and Ageing) for the clients’ monthly packs

• Preparation of daily reporting for Unallocated Deposits and Bank reconciliations

• Develop and maintain strong relationships with the appropriate people at clients

• Liaise with Internal & External Auditors and handle their queries

• Provide support for other teams in the business unit

Internal/External Reporting

• Preparation of Monthly Age Analysis

• Preparation of month end Risk Reporting

 Prior Work Experience / Background:

• 3 years experience on accounting software (eg. DARA BANK Recon)

• Knowledge of Collective Investments and/or LISP industry

• Experience in Retirement Fund and other Product vehicles accounting and reporting advantageous

• Knowledge of Silica business processes advantageous

Technical / Special Requirements (PC Skills / Product Knowledge / Specific Competencies)

• Strong capture skills with a high accuracy rate

• Collective Investment Scheme and LISP knowledge

• Strong Reconciliation experience

• Sound financial control skills and ability to manage error rates including root cause analysis to reduce errors

• Knowledge of various taxes (PAYE in relation to annuities, Capital Gains Tax, Dividends Tax, etc)

• Understand Silica business processes and related knowledge of processes affecting Tax, Cash Man and Product Accounting

• Understand internal/external reporting processes.

• Computer Literate

• Understanding of Banking transactional systems

• Understand Cash/Banking Platforms like Nedbank, FNB Online etc.

• Knowledge of AWD would be advantageous

• Advanced Excel skills

Educational Requirements (Educational / academic qualifications)

• Bcom Accounting Degree compulsory