Postbank, a prominent South African financial institution, is currently looking to fill several Reconciliation Officer positions. If you are a detail-oriented individual with a strong background in accounting and financial systems, this could be an excellent opportunity to advance your career.
Job Overview
The open positions are based in Bloemfontein, South Africa, offering permanent contracts to successful candidates. The positions are classified under the C2 job grading category and report to the Manager: Bookkeeping. Reconciliation Officers are essential to Postbank’s efforts to maintain accurate and complete financial records. The role involves performing crucial reconciliation duties to balance Postbank clients’ accounts and ensure comprehensive financial reporting.
Key Responsibilities
Reconciliation Officers will be responsible for several key tasks, including:
- Preparation of General Ledger Files and Journals: One of the primary duties is the preparation of General Ledger and journal entries to balance client accounts, including uploading relevant information and ensuring the accurate reporting of any outstanding files.
- Comparison of System Data: Reconciliation Officers will use different systems to verify and identify discrepancies or system-related issues. This involves a careful comparison of data from multiple sources.
- Reconciliation and Analysis: Officers will be expected to perform daily, weekly, or monthly reconciliations and conduct analysis of the general ledger to identify any discrepancies between expected and actual balances.
- Addressing Client Queries: Handling client queries related to transactions and balances is a significant part of the role. This includes responding to queries via various communication channels such as telephone and email.
- Managing Dispute Resolution: Postbank’s Dispute Management System will be used to log and resolve queries, such as those related to ATM, EFT, or POS discrepancies.
- Ensuring Financial Integrity: The overall purpose of the role is to ensure financial integrity by reconciling clearing accounts, verifying the transfer of items on the SAP system, and addressing any system discrepancies promptly.
Required Qualifications and Experience
To be eligible for the role, candidates must meet the following criteria:
- Educational Qualifications: A National Diploma (NQF 6) in Accountancy or Financial Management is a requirement for the role. This demonstrates a foundational understanding of financial principles and practices.
- Relevant Experience: Candidates should possess at least one year of experience working with financial accounting systems such as SAP, with a specific focus on reconciling items and clearing discrepancies. Experience in financial or banking environments is a plus.
- Knowledge and Skills: A strong understanding of accounting and bookkeeping principles is required. Additionally, candidates should have familiarity with financial legislation, standards, policies, and acts, which will aid in ensuring compliance in all financial activities.
- Personal Attributes: Ideal candidates will exhibit excellent analytical skills, attention to detail, and proficiency in computer applications such as Word and Excel. Strong verbal and written communication skills are essential, as well as the ability to work collaboratively in a team environment. Attributes such as honesty, integrity, trustworthiness, and proactivity are key to thriving in this role.
How to Apply
- Interested applicants for the Reconciliation Officer positions should submit their Curriculum Vitae (CV) to RecruitmentT2M@Postbank.co.za.
- Candidates must indicate the specific position they are applying for in the subject line of the email.
- For a complete list of the available positions, applicants are encouraged to visit the Postbank website and navigate to the Careers section for more details.
- Applications must be submitted by 3 April 2025 to be considered for the position.
- Successful candidates will undergo a thorough selection process to ensure that only the most qualified individuals are chosen.
Commitment to Diversity and Inclusion
Postbank places great emphasis on diversity and inclusion in its workforce. As part of its commitment to creating an inclusive workplace, the bank encourages applicants from diverse groups, particularly from the South African Employee Active Population, to apply. The bank strives to foster an environment that is respectful of all backgrounds, races, genders, and abilities.
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This opportunity with Postbank offers a rewarding career in financial reconciliation, providing the chance to gain valuable experience while contributing to a well-respected financial institution. The role is ideal for individuals who have a strong analytical mindset, a passion for financial accuracy, and a commitment to maintaining high standards of financial integrity.
If you meet the qualifications and possess the required experience, don’t miss out on the chance to apply for this exciting position before the application deadline on 3 April 2025.