October 19, 2024

V&A Waterfront

Cape Town

FULL TIME

Bank and Cash Controller - 6 Months contract

The Cash and Bank Controller is responsible for ensuring that all bank account transactions are processed and reconciled to the accounting records. The incumbent must ensure that efficient processes are applied and that all relevant policies and procedures are adhered to. They are expected to create and maintain positive customer relations to facilitate or expedite payment, timeously resolve queries, reconcile accounts, and report to the relevant Managers as and when required.

Job Specifications-
Reconciled Bank Accounts

Process all banking transactions into the accounting system
Reconcile bank statement to accounting system
Ensure reconciling items are cleared on a weekly basis
Ensure reconciliations are filed and review
Receive and File bank statements
Ensure that the policy and business process is always adhered to
Ensure accurate recording and communication of tenant deposits and guarantees

Accurate maintenance of Petty cash float

Secure Petty cash within safe and secure keys in locked draw
Issue petty cash to staff based on submission of authorized payment requisitions
Replenish petty cash regularly by reconciling cash and receipts to authorized float

Effective debit order loading and banking

Prepare debit order file monthly and submit to bank for collection
Ensure all rejections are communicated to Credit control

Banking Administration

Ensure monthly meetings are scheduled with bank relationship manager
Follow up and resolve queries relating to banking administration

Reporting

Prepare cash flow report as required after collating projected payments and receipts
Confirm tenant deposits as requested by property management
Review reports for submission to Managers and ensure that comments are accurate, sufficient, up to date, and meaningful

Collaboration and Customer Service

Ensure that regular formal engagement is being had with key internal customers
Attend regular meetings with Business Units to keep them abreast of new information and to maintain sound working relationships
Create and maintain excellent customer relations
Ongoing collaboration across the Business and to resolve account queries and to facilitate or expedite payment
Timeously and professionally resolve account queries

Gift Card management

Manage the relationship between Tutuka and the V&A Waterfront
Issuing of internal gift cards and managing bulk orders from corporate
Assist in resolving reconciling items with Tutuka
Process journal entries to reflect bank movements
Suggest any improvements to the current process and ensures controls are adhered to

Self-Development

Completes Adhoc task as requested which may involve any area applicable to the finance team.
Takes responsibility and displays initiatives in learning and completing new task.

Educational requirements

Financial Management Diploma
B. Com Accounting or related Degree advantageous

Knowledge requirements

Reconciliation Principles
Accounting and basic business processes (Receivables, Revenue Billings, Cash Flow Management, Financial Control measures)
Relevant Legislation and Compliance
User proficiency in Excel (advanced), Word, Power Point, and JD Edwards
Lease Agreements
Debt Collection in the Property Industry
Legal processes regarding debt collection
Risk Management
Customer Service