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Reconciliation Specialist

Remuneration:negotiable 
Location:Cape Town, Century City Area
Education level:Degree
Job level:Mid
Type:Permanent
Reference:#R1495
Company:Digioutsource


Job description

The Department:  Finance

We are a dynamic and diverse group of individuals working together in a fast-paced environment, with the sole aim of providing accurate and useful financial information

As the Finance department, we deliver timeously to the senior management and shareholders of the organisation, to assist with their decision-making processes in driving the business.

Purpose:

The Finance department is looking for a focused, self-motivated & dynamic individual to join their team, to fill a reconciliations specialist role.  The reconciliations function is responsible for ensuring that funds received for our clients processors is accurate, complete and not long outstanding.

You must be highly numerate, well organised, with the ability to work to deadlines. Attention to detail and accuracy is non-negotiable.



Duties will include, but will not be limited to:

Direct integration Processing and Reserves

Receive manual Navision (NAV) import (dataport) from BI Finance.

Reconcile dataport to digifeed to ensure accurate and complete.

Post into NAV weekly.

Match and reconcile data in NAV and resolve discrepancies timeously.

Adhoc fees (i.e. Payvision, Sofort, Fintec, Worldpay, etc)

Receive fee invoices from processors, validate the charges by checking the digifeeds and post them as purchase invoices in Navision.

Prepare the dataports for wire fees, chargeback fees, refund fees and other ad hoc items.  Upload into NAV (additional information can be obtained from the daily reconciliation statements).

Fraud Data

Ensure that detailed chargebacks per BI ledger agrees to the processors summarized transactions per the digifeed.

Follow up discrepancies with BI / Banking.

Log a ticket via Ledger Escalations explaining the discrepancies so that BI can push the data into Navision.

Refunds and withdrawals

Ensure that detailed refunds per BI ledger agrees to the processors summarized transactions per the digifeed.

Follow up any discrepancies with BI / Banking.

Log a ticket via Ledger Escalations explaining the discrepancies so that BI can push the data into Navision.

Month-end reporting and audit process

Prepare the following month end balance sheet reconciliations for inclusion in the month end and audit files:
  • Bank reconciliations
  • Post control accounts
  • Vendor / Processor reconciliations
  • Month end Fee Analysis
  • Prepare monthly reports (open items, aging and balances for inclusion in the audit packs and month end files).
  • Include all support electronically with month end reconciliations.


Requirements

Essential Requirements:
  • B.Com Finance Degree or related.
  • Previous reconciliation experience

Advantageous Requirements:
  • Proficient in Microsoft Excel.
  • Experience with accounting software (eg Navision).
  • Accounting experience.

Job Requirements:
  • A solid understanding of Navision.
  • Intermediate to advanced Microsoft Excel skills.

Person Specifications:
  • Accountability and Execution
  • Bottom Line Focus
  • Control and Efficiency
  • Effectiveness & Delivery
  • Numbers


Posted on 09 Sep 13:38



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