Job description

Lets Write Africa's Story Together!

Old Mutual is a firm believer in the African opportunity and our diverse talent reflects this.

Job Description

The incumbent will be responsible for ensuring that banks reconciliation is performed on time, surplus funds are invested on time, and that weekly cashflows are accurate and informative.

Preparation of bank reconciliation monthly and passing relevant journals to update the general ledger.
Follow up on all non-posted transactions in the system and un-cleared effects in the bank and clear
Ensure that the cashbook is updated daily and that the bank accounts are not overdrawn, and surplus funds invested.
Prepare daily & weekly cash flow report.
Preparing investment reports and cash flow projections
Ensure all receipting for collections including Branches and satellites is timely done.
Prepare returned cheque listing and ensure that the receipts are reversed in the system and relevant staff informed to follow up for cheque replacement.
Maintain petty cash float and ensure proper accountability
Ensure that the petty cash for branches is accounted for in a proper manner
Ensure bank reconciliations are done and signed off on time.
Handle bank correspondences and ensure proper record keeping
Monitor and clear the unallocated receipts ledger
Co-ordination with other finance functions e.g. Payments, Credit Control, Branch officers etc. on funds allocation, incoming funds for appropriate action to be taken
Disburse petty cash and ensure proper accountability
Ensure petty cash vouchers are expensed correctly
Perform any other duties that may be assigned from time to time

Skills

Accounting, Action Planning, Analytical Thinking, Budget Management, Data Analysis, Database Reporting, Data Compilation, Data Controls, Data Interpretations, Evaluating Information, Financial Acumen, Financial Auditing, Management Accounting, Report Review, Solution Analysis

Competencies

Business Insight

Communicates Effectively

Decision Quality

Ensures Accountability

Financial Acumen

Manages Complexity

Optimizes Work Processes

Plans and Aligns

Education

NQF Level 7 - Degree, Advance Diploma or Postgraduate Certificate or equivalent

Closing Date