Finance Clerk: Office Banking

Rory Mackie & Associates; Cape Town; On-site; ZAR 260,000 - 380,000; Full time

Job summary

A leading South African fashion retailer is looking for a Finance Officer to oversee foreign banking operations and ensure timely reconciliation of bank accounts. The candidate should have solid finance experience in retail, with strong skills in Microsoft Office and the ability to effectively handle banking queries. This role requires a detail-oriented individual who can work under pressure and meet tight deadlines while collaborating with teams and external banking institutions.

Qualifications

• Solid experience in finance retail environments, including bank reconciliations.
• Strong skills in Microsoft Office suite (Outlook, Excel, Word).
• Experience in handling queries with foreign bank institutions.

Responsibilities

• Ensure reconciliation of all company bank and GL accounts timely.
• Liaise with foreign banks regarding charges and cash banking queries.
• Assist banking team and collaborate with departments for reconciliation.
• Liaise with foreign banks about charges and cash banking queries.
• Ensure queries are resolved within permitted timeframes and KPIs are met.
• Provide stand-in support for banking team as needed.
• Coordinate with audit teams internally and externally as required.
• Collaborate with other departments to reconcile bank statement lines (payroll, customer services, tax, A/P).
• Use banking software (Oracle) to track accounts, balance transactions, and generate reports.

Skills

Reconciliation of bank accounts

Microsoft Office suite expertise

Problem-solving ability

Communication skills

Education

Matric plus solid work experience

Post-matric qualifications

Tools

Oracle banking software

Excel

Outlook

Word

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 looking for a detail orientated team player; who can meet multiple deadlines, problem-solve, prioritise effectively, maintain calm and communicate effectively with the Finance manager, the team and external stakeholders. Reporting to the Finance Manager: Office Banking and Treasury, the primary responsibility of this role is to oversee the foreign banking operations (UK), banking systems support, and completion of banking month-end processes.

Responsibilities

• 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 foreign banks (Lloyds, HSBC etc.) 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 required
• Collaborate with other departments to reconcile bank statement lines (payroll, customer services, tax and Accounts payable)
• Use banking software (Oracle) to track accounts, balance transactions, and generate reports

Requirements

• Matric plus solid work experience
• Post-matric qualifications would be advantageous
• Experience in a 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)

Essential competencies

• Reconciliation of bank accounts (in foreign currencies) across multiple jurisdictions
• Very strong computer skills: Microsoft Office suite (Outlook, Excel, Word)
• Ability to interact confidently with superiors
• Ability to liaise effectively Foreign Banking institutions and regulators
• Ability to handle and resolve queries accurately and timeously
• Ability to co-ordinate and complete banking month-end functions
• Ability to work as part of team
• Prioritize work appropriately
• Ability to meet to tight deadlines/work under pressure

Behavioural

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