Finance Clerk: Banking

Rory Mackie & Associates; Cape Town; On-site; ZAR 240,000 - 360,000; Full time

Job summary

A leading South African fashion retailer seeks a Finance Banking Coordinator to ensure timely reconciliation of bank and GL accounts. The role involves managing queries and discrepancies, liaising with banks, and supporting the finance team. Ideal candidates will have a Matric qualification, relevant finance experience, and strong skills in Microsoft Office and Oracle Financials. A detail-oriented approach and the ability to prioritize tasks in a fast-paced environment are essential for success.

Qualifications

• Experience in a finance retail environment is advantageous.
• Experience with bank reconciliations and resolving discrepancies.
• Strong computer skills needed for various financial tools.
• Experience in bank reconciliations, foreign currency translation and related queries.

Responsibilities

• Ensure reconciliation of bank and GL accounts on time.
• Collect documentation for queries/discrepancies from stores.
• Liaise with banks on charges and cash banking queries.
• Liaise with local and foreign banks regarding charges and queries.
• Resolve all queries within permitted timeframes and meet KPIs.
• Provide stand-in support for banking team when needed.
• Liaise with internal and external auditors as required.

Skills

Attention to detail

Problem-solving skills

Communication skills

Ability to work under pressure

Financial Controls

Education

Matric

Post Matric qualifications

Tools

Microsoft Office Suite

Oracle Financials

Job description

Overview

Our client is a leading South African fashion retailer with a well-established reputation in the clothing retail industry. The organisation operates in a fast-paced retail environment and is known for its focus on quality, customer experience, and operational excellence within the fashion and retail space.

They are seeking a detail-oriented team player who can effectively manage multiple deadlines, demonstrate strong problem-solving skills, prioritise tasks efficiently, and communicate clearly with the Finance Manager, team members, and external stakeholders.

Responsibilities

• Reporting to the Finance Banking Manager, the primary responsibility is to ensure the reconciliation of all company bank and GL accounts in the stipulated time period. And resolve/report on all resulting discrepancies
• Ensure the correct policies and procedures and timelines are followed when collecting documentation from stores with regards to queries/discrepancies
• Incorporate new business developments into the daily reconciliation process where relevant (new stores, new bank accounts, and new acquisitions, new tender types)
• Liaise with local and foreign banks regarding charges and cash banking queries
• Ensure all queries are resolved within the permitted timeframes
• Ensure all KPI’s are achieved
• Assist the banking team with regards to stand-in support, in the absence of any team members
• Liaise with external and internal audit as require

Requirements

• Matric, supported by substantial relevant work experience
• Post Matric qualifications advantageous
• Experience in finance retail environment advantageous
• Experience in general finance processes including bank reconciliations, foreign currency translation and conversion, bank card queries, resolving bank discrepancies etc.
• Very Strong computer skills: Microsoft Office suite (Outlook, Excel, Word), Oracle Financials, Business Online, new Business Online (Africa) and an appropriate bank reconciliation system

Competencies

• Reconciliation of bank accounts across multiple organisations
• Ability to interact confidently with superiors and customers
• Ability to liaise effectively with local and foreign banking institutions and regulators
• Ability to handle and resolve client queries accurately and timeously
• Ability to coordinate and complete banking month end functions
• Ability to work as part of a team
• Prioritize work appropriately
• Ability to meet tight deadlines/work under pressure

Behavioural

• Self-starter, self-motivated and self-managed
• Calm and good communicator
• Organised and focused
• Team orientated
• Attention to detail
• Good energy and attitude