Bank Reconciliation Clerk | Shoprite Vacancies

Shoprite Vacancies – Bank Reconciliation Clerk Job Vacancies

Bank Reconciliation Clerk is responsible for processing allocations and conducting reconciliations of various bank accounts accurately and promptly.

This role involves verifying the completeness and accuracy of bank accounts, handling queries from internal departments, stores, and external stakeholders related to bank account entries, and providing essential support activities under the supervision of the Cash & Banking Accountant.

Job Objectives:

1. Allocation of Bank Account Entries:
   • Allocate bank account entries to relevant general ledger, debtors, and creditors accounts.
2. Clearing Bank Control Accounts:
   • Clear bank control accounts to ensure accuracy.
3. Error Handling:
   • Address errors in electronic interfaced or manually captured bank statements efficiently.
4. Reconciliation:
   • Reconcile control accounts to ensure accuracy of debtor and creditor subledgers and general ledger accounts.
   • Investigate and resolve reconciliation queries related to unreconciled transactions.
5. Reporting and Processing:
   • Provide Treasury department with summaries of bulk cash withdrawals for cash flow management.
   • Calculate and process journals for bank charges, interest, and other accruals.
6. Verification and Reconciliation:
   • Verify entries and compare system reports to balances to reconcile processed work.
   • Reconcile bank account balances in the general ledger to external bank statements and investigate discrepancies.
7. Stakeholder Management:
   • Ensure accurate management of stakeholder details in accordance with company policies and guidelines.
8. Administrative Duties:
   • Maintain accurate financial records.
   • Resolve internal and external stakeholder queries professionally and efficiently.
   • Meet daily, weekly, and monthly duties and deadlines promptly.
   • Perform ad hoc administrative tasks as required.

Qualifications:

• Accounting Diploma or equivalent.
• Banking certification (preferred).

Experience:

• Minimum of 3 years of relevant experience in financial or administrative roles.
• Proficiency in Microsoft Office 365, particularly Outlook and Excel.
• Exposure to corporate and retail environments (preferred).
• Familiarity with accounting packages, especially SAP (preferred).
• Additional exposure to cash/electronic deposit and payment processes, transaction reconciliation, and internet banking is highly beneficial.

Knowledge and Skills:

• Banking retail knowledge.
• Administrative support skills, including data control and processing.
• Self-motivation, integrity, and accountability.
• Effective time management and organizational skills.
• Strong interpersonal and teamwork abilities.
• Proficiency in working with numbers and reconciliations.
• Operational efficiency and planning skills.
• Attention to detail and accuracy.
• Excellent written and verbal communication skills.
• Adaptability and resilience in a fast-paced environment.