Bank And Cash Manager

Rand Mutual Assurance; Gauteng; Hybrid; ZAR 500 000 - 750 000; Full time

Job summary

A respected assurance company in Gauteng seeks a Bank and Cash Manager to oversee cash flow management and bank reconciliations. The successful candidate will have a strong finance background with 3–5 years of experience. Responsibilities include ensuring operational continuity, managing team activities, and adhering to company policies. Competitive salary and flexible work arrangements offered.

Benefits

Competitive salary package

Flexible work arrangements

Opportunities for personal and professional development

Qualifications

• Minimum 3–5 years’ experience in the finance environment.
• Ability to work independently with attention to detail.

Responsibilities

• Manage group company cash flow and ensure sufficient funds in all accounts.
• Execute bank reconciliations and accounting processes accurately and timely.
• Supervise day-to-day team management and continuous training.

Skills

Good computer skills – MS Word, Excel, Outlook

Strong planning & decision-making skills

Analytical and problem-solving skills

Excellent communication skills

Time management skills

Education

NQF Level 6 – Advanced Diploma in Finance

NQF Level 7: Degree in Finance

Job description

THE JOB AT A GLANCE

Reporting to the Head: Operational Finance, the Bank and Cash Manager will be responsible for managing the company's cash flow by ensuring that bank reconciliations and accounting processes are performed timeously and accurately.

The incumbent will also be responsible for ensuring that there are sufficient funds available in the bank for operational continuity.

WHAT WILL YOU DO?

• Cash Management – Manage group company cash flow, ensure sufficient funds in all group accounts, analyse cash flow balances and conduct forecasts.
• Obtain daily estimates from relevant teams (Claims Payment team, creditors, debtors, etc.)
• Make investment or disinvestment decisions and provide recommendations to the Head: Operational Finance for authorisation.
• Draft instruction letters to the investment company based on decision.
• Responsible for intercompany transfers based on business requirements; Escalate suspicious cash payments or deposit transactions to the Investigations team.
• Monitor and report on bank charges for all bank accounts.
• Accounting – Capturing bank charges, interests, management fees, SARS payments, 3rd party payment, commission payments and manual claims payments on the system; process Accounts Receivables – unpaid or rejected accounts and refunds.
• Review intercompany transfers requested by the Debtors Department and send to the Cashbook Clerk for processing.
• Process intercompany loan repayments; monitor Accounts Receivable, Accounts Payable and General Ledger postings from debtors, pensions, claims and creditors.
• Review weekly bank recons captured by the Cashbook Clerk and prepare and review all monthly bank recons (RMA, RML and Group) for audit requirements.
• Process online credit card payments.
• Administration – Administer the online banking business profile, create new users, give users access to the online banking portal as required; link bank accounts to online banking platform as required; open and close bank accounts as per business requirements.
• Load e-wallet cards onto the bank and issue e-wallet cards to branches for petty cash use; check and approve the petty cash recon before submitting to creditors for reimbursement.
• Review branch petty cash recons and submit to creditors department for reimbursement payment; ensure that recons are approved by branch managers.
• Analyse unallocated report and distribute to relevant departments for clearing (debtors, pensions, creditors, etc.).
• Assist with and facilitate the annual renewal of the forex control exchange licence.
• Engage with the Pensions department to compile relevant documentation for submission to the bank.
• Manage and update the bank account signatory mandate as required.
• Manage business credit card related uses and address with the bank.
• Facilitate testing for any systems development related business project (i.e. bank or internal).
• Facilitate and address all bank related issues for the group; submit Treasury report to the Head: Operational Finance (weekly/quarterly/monthly).
• Supervise day-to-day team management activities; ensure continuous training, conduct performance reviews, develop annual KPAs, and resolve team issues.
• Ensure all work is performed in accordance with required standards and regulations; analyse cash deposit transactions daily and report any cash deposit above the required limit to the Risk and Compliance team for assessment.
• Ensure all company policies and procedures are adhered to; monitor cash deposit transactions for Anti‑Money Laundering (AML) reporting by analysing all cash transactions across bank accounts.

WHAT YOU'LL BRING TO THE TABLE?

• Minimum Qualification: NQF Level 6 – Advanced Diploma in Finance; NQF Level 7: Degree in Finance (advantageous).
• Minimum 3–5 years’ experience in the finance environment.
• Good computer skills – MS Word, Excel, Outlook.
• Strong planning & decision‑making skills.
• Analytical and problem‑solving skills.
• Ability to work independently with attention to detail.
• Excellent communication skills.
• Time management skills.

WHAT WILL YOU GET IN RETURN?

We offer great opportunities for personal and professional development in a stable company that has been strong for years.

The role comes with a competitive salary package and various benefits.

Flexible work arrangements (combination of remote and in‑office).

Furthermore, you will be part of a dedicated group of colleagues who value teamwork and collaboration.

TURNAROUND TIME

The shortlisting process will only start once the application due date has been reached.

The time taken to complete this process will depend on how far you progress and the availability of managers.

Kindly note that if you do not receive a response within 21 days please consider your application unsuccessful.

OUR COMMITMENT TO TRANSFORMATION

In accordance with the employment equity plan of Rand Mutual Assurance and its employment equity goals and targets, preference may be given, but is not limited, to candidates from under‑represented designated groups.