Treasury Accountant at Durban University of Technology

Purpose of the Job

• To manage the institution’s treasury operations, including cash flow forecasting, foreign payments, bank liaison, and compliance with financial regulations, while supporting financial reporting and audit readiness.

Minimum Requirements

• B Degree in Finance, Commerce, or an equivalent qualification (NQF Level 7)
• Ideal: Honours Degree (NQF Level 8)
• Experience: 3–5 years’ experience in bank reconciliations, foreign payments, cash flow reporting, and audit preparation

Ideal Registration

• Registration with a recognized and reputable accounting body (e.g., SAIPA) will be an advantage.

Key Competencies

• Sound knowledge of IFRS and relevant financial legislation and regulations
• Understanding of South African Reserve Bank (SARB) requirements
• Proficiency in SAP S/4HANA or similar financial systems
• Advanced proficiency in MS Excel and the MS Office Suite
• Experience in foreign exchange and hedge accounting
• Strong analytical and reconciliation skills
• Familiarity with investment tracking and reporting
• Knowledge of treasury systems and cash management tools
• Understanding of the Higher Education and external reporting environments

Key Responsibilities

• Perform accurate and timely monthly bank reconciliations and ensure the clearing of accounts
• Ensure the accuracy and completeness of bank statements and related entries
• Prepare daily, weekly, monthly, and quarterly cash flow forecasts
• Process and verify foreign payment requests in line with regulatory and institutional requirements
• Liaise with Standard Bank and SARB to ensure compliance on foreign transactions
• Maintain foreign exchange and hedge accounting registers and records
• Assist the Treasury Manager in tracking investment performance
• Maintain and reconcile investment registers and income schedules
• Prepare treasury-related schedules for reporting, budgeting, and audits
• Maintain relationships with bank account managers and other financial partners
• Ensure compliance with treasury policies and procedures
• Identify and report treasury risks and control weaknesses, and implement corrective actions
• Provide advisory and operational support to internal departments and finance teams