Financial Analyst: Banking Services at National Treasury

Purpose of the Role

• To assist and support the Banking Services in an administrative capacity in the provision of a banking service to stakeholders.

Qualification/s Requirements

• A Grade 12 is required coupled with a minimum National Diploma (equivalent to NQF level 6) in Accounting;
• A Bachelor’s degree (equivalent to NQF level 7) in any of the above disciplines will be an added advantage; and
• A minimum 2 years’ experience obtained in a financial management environment; and basic knowledge of Accounting.

Key Performance Areas

Initiate Payments: 

• Initiate the authorisation of local and foreign payments on Safety Web banking System as per SWIFT Requirements;
• Process cancellation of payments on the system;
• Assist with grant payments to municipal primary account as prescribed in the Division of Revenue Act (DORA);
• Verify payments to municipalities excluded from the DORA schedule as set out per the agreed rules and regulations;
• Process any cancellation of foreign payments;
• Confirm local and foreign payments settled with SARB and Commercial Banks and verify against SWIFT messages and SARB report;
• Process cancellation of payments on the system;
• Assist with grant payments to municipal primary account as prescribed in the Division of Revenue Act (DORA);
• Verify payments to municipalities excluded from the DORA schedule as set out per the agreed rules and regulations;
• Process any cancellation of foreign payments; and
• Confirm local and foreign payments settled with SARB and Commercial Banks and verify against SWIFT messages and SARB report.

Verification of Banking Details:     

• Upload and submit verification of Bank Details (AVS) to respective banks received from Central Supplier Database (CSD) system, SASSA grants, Assets and Liability Management, Pension and other Departments;
• Process cancellation of payments on the system;
• Assist with grant payments to municipal primary account as prescribed in the Division of Revenue Act (DORA);
• Verify payments to municipalities excluded from the DORA schedule as set out per the agreed rules and regulations;
• Process any cancellation of foreign payments; and
• Confirm local and foreign payments settled with SARB and Commercial Banks and verify against SWIFT messages and SARB report.

Verification of Banking Details:  

• Upload and submit verification of Bank Details (AVS) to respective banks received from Central Supplier Database (CSD) system, SASSA grants, Assets and Liability Management, Pension and other Departments;
• Extract data files from banks and transfer to Central Supplier Database (CSD) system, SASSA grants, Assets and Liability Management, Pension and other Departments; and
• Reconcile daily number of AVS requests received from PMG account holders against data stakeholder banks. 

End-of-Business Process Clearence: 

• Verify unmatched EBT Bank detail reports;
• Process deposits statements emanating from banking systems;
• Reconcile end-of-business processes suspense accounts and submit bank statements and monthly revenue reports to National Revenue Fund and financial systems; and
• Order deposit books on request of a department.

Admin support: 

• Prepare documents for processing of bank charges;
• Follow up on outstanding departmental bank reconciliations;
• Obtain banking details of public entities and departments in terms of Section 7(2) of PFMA and Treasury regulations; and
• Distribute documents and departmental queries per cluster.

System maintenance, upgrade & enhancement testing: 

• Assist with the testing of new releases of the Safety Web Banking system and updating manuals; and
• Assist with departmental training and preparation of procedure