Recon Accountant at Shoprite Group of Companies

Job Objectives

• Adhere to the processes for end-to-end reconciliation of payments made to third-party vendors and received by third-party debtors, including but not limited to capturing and processing invoices for payment, processing payments from the bank account and resolving any discrepancies identified.
• Execute the reconciliation of various control accounts to identify, investigate and resolve any exceptions.
• Engage with internal and external stakeholders, including SR systems, operational teams, customers and third-party vendors and debtors, to facilitate smooth reconciliation processes and issue resolution.
• Provide efficient query support activities to stores, vendors and debtors.
• Assist with processing of bulk gift card orders.
• Monitor debtors and creditors to ensure timely transactions and adherence to financial agreements, escalating any discrepancies or concerns as needed.
• Review and verify the accuracy of external service provider invoices, investigating discrepancies and ensuring alignment with contractual agreements.
• Conduct analysis of transaction patterns and trends to identify discrepancies or anomalies, escalating issues as necessary to propose adjustments or improvements to processes.
• Investigate and resolve complex unreconciled transactions by collaborating with external service providers and internal teams to provide swift resolution.
• Utilise system reports to maintain and verify processed work by comparing them to actual balances, ensuring ongoing accuracy in financial reporting.
• Comply with company policies by managing stakeholder information and details in accordance with PCI, FICA, and POPIA regulations.
• Attend to the meticulous maintenance of financial records, supporting audits and internal controls.
• Provide professional and timely communication with stakeholders, addressing inquiries related to transactions to enhance customer satisfaction.
• Report detailed findings on reconciliation activities, trends, and financial impacts for management review.
• Support the finance department’s objectives by conducting ad hoc analysis or projects as required.
• Train new team members on reconciliation processes and best practices to enhance operational efficiency

Qualifications

• Diploma or degree in Accounting, Finance, or a related field (essential)

Experience

• +2 years of relevant accounting experience in a financial, administrative, or similar role (preferred).
• Proficiency in Microsoft Office 365 with intermediate Excel skills and accounting software (essential).