Assistant Accountant - Banking

Lovisa Pty Ltd; Gauteng; On-site; ZAR 250 000 - 350 000; Full time

Job summary

A fast-fashion retail company is seeking a proactive Assistant Accountant to join their EMEA Banking Finance Team in Gauteng, South Africa. This role involves ensuring accurate daily banking activities, performing reconciliations, preparing reports, and collaborating with various teams for operational accuracy. Candidates should possess a relevant tertiary qualification and 1-3 years of experience in an accounting role, along with strong Excel skills and attention to detail.

Qualifications

• 1-3 years of experience in an accounting or assistant accountant role.
• Strong understanding of general ledger, banking transactions, and reconciliations.
• High attention to detail and ability to meet deadlines.

Responsibilities

• Perform daily banking reconciliations and investigate discrepancies promptly.
• Prepare weekly missed banking and cash variance reports.
• Support the month-end close process with timely submission of reconciliations.

Skills

Accounting principles

Excel proficiency (lookups, pivot, reconciliation)

Communication skills in English

Planning and organizational skills

Education

Tertiary qualification in Accounting, Finance, or related discipline

Tools

SAP

Oracle

Microsoft Dynamics

Job description

Lovisa is fast-fashion Retail

Lovisa is global, and its growth is infectiously energetic

See us

The role

We are looking for a proactive and detail-focused Assistant Accountant to join our EMEA Banking Finance Team.

This role is essential in ensuring daily banking activities and reconciliations are completed accurately and on time.

The successful candidate will support the team with core finance functions including cash and banking reconciliations, reporting, payment monitoring, and month‑end processes.

You will work closely with the Accounts Payable, Occupancy, and Loss Prevention teams and contribute directly to operational accuracy and control.

KEY RESPONSIBILITIES

Daily Banking and Reconciliations

Perform daily banking reconciliations and investigate discrepancies promptly.

Monitor cash deposits and ensure they are accurately allocated and recorded.

Work closely with the AP and Occupancy teams to track and reconcile payments made from bank accounts.

Weekly Reporting and Variance Analysis

Prepare weekly missed banking and cash variance reports for assigned countries.

Provide commentary and context on cash variances for discussion with the Loss Prevention team.

Collaborate with the retail operations and loss prevention teams to understand root cause and support resolution plans.

Month‑End Accounting

Prepare and post journals for bank fees and interest income; Interbank transfers; store deposit variances; accruals for direct debits where invoices are not yet recorded.

Support the month‑end close process with timely submission of reconciliations and journals.

Prepare monthly balance sheet reconciliations for Bank accounts, Gift voucher Liability accounts, Cash clearing accounts, Trade Creditors clearing accounts, Team expense claim clearing accounts and Cash advance accounts.

Investigate and clear reconciling items in a timely manner, escalating as needed.

Meetings and Stakeholder Engagement

Attend weekly meeting with Loss Prevention and the Banking team.

Present findings and updates for assigned countries, focusing on missed banking and cash variances.

Collaborate across teams to ensure timely resolution of cash issues and prevent recurrences.

About you

Tertiary qualification in Accounting, Finance, or related discipline (or currently studying)

1-3 years of experience in an accounting or assistant accountant role.

Strong understanding of general ledger, banking transactions, and reconciliations.

Proficient in Excel (lookups, pivot, reconciliation tools).

High attention to detail and ability to meet deadlines.

Skills and Attributes

An understanding of accounting principles

Exposure to large ERP systems (e.g. SAP, Oracle, Microsoft Dynamics)

Retail or multi‑site operational experience.

Proven ability to plan, organise and deliver results on time in a fast pace environment.

Ability to communicate well in spoken and written English

Flexible and adaptable

Inclusive and supportive

Friendly and approachable

We believe in supporting diverse cultures and harnessing the unique knowledge and experience of our team.

We celebrate our global presence, by supporting our culturally diverse team around the world.