Specialist, Variable Processing

Standard Bank Group; Johannesburg; On-site; ZAR 400 000 - 600 000; Full time

Job summary

A leading financial services group in Johannesburg seeks a professional to manage payment requests and conduct due diligence. The ideal candidate will ensure compliance with accounting principles and manage a high volume of transactions with attention to detail. A degree in Finance or Office Administration is essential, along with proficiency in Microsoft Office. The role emphasizes client-centric delivery and query resolution.

Qualifications

• A degree in Finance and Accounting or Office Administration is required.
• Proficiency in Microsoft Office, especially Excel, is crucial.
• Knowledge of Procurement principles and certification (Coupa) is advantageous.

Responsibilities

• Manage the payment requests process and conduct spot checks.
• Ensure accuracy in account transactions and apply correct VAT.
• Authorise payments while identifying anomalies.
• Control scrutiny and capture of incoming invoices.

Skills

Client Centricity and delivery

Query resolution

Reconciliations

Compliance and AML principles

Operational Management

Education

Degree in Finance and Accounting or Office Administration

Procurement diploma/certification (Coupa)

Tools

Microsoft Office (MS Word, Excel, Outlook, PowerPoint)

Job description

Company Description

Standard Bank Group is a leading Africa-focused financial services group, and an innovative player on the global stage, that offers a variety of career-enhancing opportunities – plus the chance to work alongside some of the sector’s most talented, motivated professionals. Our clients range from individuals, to businesses of all sizes, high net worth families and large multinational corporates and institutions. We’re passionate about creating growth in Africa. Bringing true, meaningful value to our clients and the communities we serve and creating a real sense of purpose for you.

Job Description

To manage the payment requests process and conduct required spot checks and other due diligence to effectively process and release manual and / or automated payment requests and deal with complex queries where needed.

Qualifications

• A Degree in Finance and Accounting or Office Administration.
• Proficiency in Microsoft Office (MS Word, Excel, Outlook and PowerPoint) Procurement diploma/certification (Coupa).

Experience Required

• Client Centricity and delivery
• Query resolution
• Reconciliations
• Controls and Risks associated with payments processing
• Compliance and AML principles
• Operational Management
• Experience Description: Extensive knowledge/experience in Accounting principles and concepts Market best practice.

Key Responsibilities

• Control the scrutiny, capture and validation of all incoming invoices onto the system.
• Analyse account transactions to ensure that allocations and payments are checked for correctness and accuracy.
• Review and ensure that the correct VAT is applied per transaction category in line with group policy.
• Authorising payments requires attention to detail in identifying anomalies and inconsistencies even though monthly amounts are not standard. Example: Electricity consumption for an ATM is typically in the R300 ballpark if an invoice is posted for R13,000-00 the variable payments team needs to recognise and identify this anomaly, or anomalies of this nature, and elevate these queries for further investigation.
• Complexity levels increase given the high volumes and values of this portfolio.

Behavioural Competencies

• Adopting Practical Approaches
• Articulating Information
• Checking Things
• Developing Expertise
• Documenting Facts
• Examining Information
• Following Procedures
• Interacting with People
• Meeting Timescales
• Producing Output
• Taking Action
• Team Working

Technical Competencies

• Client Servicing
• Exception Handling
• International Market Knowledge
• IT Systems
• Local Market Knowledge
• Query Resolution
• Root Cause Analysis