Assistant Accountant - Banking

Lovisa Pty Ltd; Johannesburg; On-site; ZAR 200 000 - 300 000; Full time

Job summary

A fast-fashion retail company is seeking an Assistant Accountant - Banking to ensure accurate daily banking and reconciliations. The ideal candidate will support the finance team, prepare reports, and engage in month-end accounting activities. Candidates should have a relevant qualification and 1-3 years of experience in accounting. This role offers an opportunity to work in a dynamic environment in Johannesburg.

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 and journals.

Skills

Understanding of accounting principles

Proficient in Excel

Ability to communicate well in English

Education

Tertiary qualification in Accounting, Finance, or related discipline

Tools

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

Job description

Assistant Accountant - Banking

Apply for the Assistant Accountant - Banking role at Lovisa Pty Ltd.

Lovisa is a fast-fashion retail company with a global presence and an energetic growth trajectory.

Role Overview

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

You will support the EMEA Banking Finance 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 to 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, interest income, interbank transfers, store deposit variances, and 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 meetings 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 tables, reconciliation tools).

High attention to detail and ability to meet deadlines.

Skills and Attributes

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‑paced 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.