Accounts Services (AS) – Bank & Cash Officer at Phakisa Group

Short Description / Purpose of Job

• Executing the day-to-day activities within the Bank and Cash environment with necessary accuracy and within set deadlines.
• Ensure adequate governance and internal controls are exercised, adhering to IFRS.

Recruitment Description / Key Accountabilities

• Preparation and management of daily cash flow, ensuring timely submission.
• Daily execution of tasks within cashier function for on-time payments and urgent requests.
• Download/post statements into SAP daily.
• Compare and report daily cash balances, providing explanations for deviations.
• Process transactions to the General Ledger.
• Review and reconcile bank statements weekly and monthly.
• Follow up on reconciliation items and open items/unallocated deposits.
• Review and follow up on bank charges, ensuring adherence to Governance standards.
• Adherence to published procedures and accounting standards.
• Prepare GL reconciliations, year-end disclosures, and timely filing of documents.
• Log IFM calls for bank rejections within set time frames.
• Petty cash management, capturing BICOS claims accurately and attaching supporting documentation onto SAP.
• Prepare Journals and attach appropriate supporting documents.

Formal Education

• Grade 12
• High School with Accounting / School Diploma or similar

Min Experience

• 3+ relevant years