Bank and Cash Manager

Introduction: Reporting to the Head: Operational Finance, the Bank and Cash Manager will be responsible for managing the companys cash flow by ensuring that bank reconciliations and accounting processes are performed timeously and accurately. The incumbent will also be responsible for ensuring that there are sufficient funds available in the bank for operational continuity. Description: THE JOB AT A GLANCE Reporting to the Head: Operational Finance, the Bank and Cash Manager will be responsible for managing the companys cash flow by ensuring that bank reconciliations and accounting processes are performed timeously and accurately. The incumbent will also be responsible for ensuring that there are sufficient funds available in the bank for operational continuity. WHAT WILL YOU DO? Cash Management Manage group company cash flow, ensuring that there are sufficient funds in all group accounts Analyse cash flow balances and conduct forecasts to ensure that sufficient funds are available to pay operational expenses. Obtain daily estimates from relevant teams (i.e. Claims Payment team, creditors, debtors etc.) Make investment or disinvestment decisions and provide recommendations to the Head: Operational Finance for authorisation. Draft instruction letters to the investment company based on decision. Responsible for intercompany transfers based on business requirements Escalate any suspicious cash payments or cash deposit transactions to the Investigations team Monitor and report on bank charges for all bank accounts Accounting Check that cashbook transactions of various banks are processed on a daily basis Capture bank charges, interests, management fees, SARS payments, 3rd party payment, commission payments and manual claims payments on the system Process Accounts Receivables unpaid or rejected accounts and refunds Review intercompany transfers for requested by the Debtors Department and send to the Cashbook Clerk for processing Process intercompany loan repayments Monitor Accounts Receivable, Accounts Payable and General Ledger postings from debtors, pensions, claims and creditors Review weekly bank recons captured by the Cashbook Clerk Prepare and review all monthly bank recons (RMA, RML and Group) for audit requirements, send to Accounts for review and Head: Operational Finance for approval Process online credit card payments Administration Administer the online banking business profile Create new users, give users access to online banking portal as and when required Link bank accounts to online banking platform as and when required (i.e. new business) Open and close bank accounts as per business requirements (i.e. inactive accounts, new products, new business etc.) Load e-wallet cards onto the bank and issue e-wallet cards to branches for petty cash use Check and approve the petty cash recon before submitting to creditors for reimbursement Review branch petty cash recons and submit to creditors department for reimbursement payment. Ensure that recons are approved by branch managers Analyse unallocated report and distribute to relevant departments for clearing debtors, pensions, creditors etc. Assist with and facilitate the annual renewal of the forex control exchange license. Engage with the Pensions department to compile relevant documentation for submission to the bank Manage and update the bank account signatory mandate as and when required Manage business credit card related uses and address with the bank Facilitate testing for any systems development related business project (i.e. bank or internal) Facilitate and address all bank related issues for the group Submit Treasury report to the Head: Operational Finance (weekly /quarterly/Monthly) Team Management Oversee the day to day management of the team Supervise the activities of the team Ensure that staff within are continuously trained Conduct performance reviews with the team Develop annual KPAs for staff Ensure effective performance management is carried out Act to resolve issues which prevent effective team working, even during times of change and uncertainty Coach others and encourage them to take ownership of their development Compliance Ensure that all work is performed in terms of required standard and regulation Analyse cash deposit transactions report on a daily basis and report and cash report any cash deposit above the required limit to the Risk and Compliance team for assessment Ensure that all company policies and procedures are adhered to Ensure timely submission of various periodical reports, highlights of the previous months reports Monitor cash deposit transactions for Anti-Money Laundering (AML) reporting by analysing all cash transactions across bank accounts WHAT YOU'LL BRING TO THE TABLE? Minimum Qualification NQF Level 6 Advanced Diploma in Finance NQF Level 7: Degree in Finance (advantageous) Minimum 3 5 years; experience in the finance environment Good computer skills - MS Word, Excel, Outlook Strong planning & decision-making skills Analytical and problem-solving skills Ability to work independently with an attention to detail Excellent communication skills Time management skills WHAT WILL YOU GET IN RETURN? We offer great opportunities for personal and professional development in a stable company thats 131 years strong. The role comes with a competitive salary package and various benefits. Flexible work arrangements (combination of remote and in the office). Furthermore, you will be a part of a dedicated group of colleagues who value teamwork and collaboration. Turnaround time The shortlisting process will only start once the application due date has been reached. The time taken to complete this process will depend on how far you progress and the availability of managers. Kindly note that should you not receive a response within 21 days please consider your application unsuccessful. Our Commitment to transformation: In accordance with the employment equity plan of Rand Mutual Assurance and its employment equity goals and targets, preference may be given, but is not limited, to candidates from under-represented designated groups. Requirements: Minimum Qualification NQF Level 6 Advanced Diploma in Finance NQF Level 7: Degree in Finance (advantageous) Minimum 3 5 years; experience in the finance environment Good computer skills - MS Word, Excel, Outlook Strong planning & decision-making skills Analytical and problem-solving skills Ability to work independently with an attention to detail Excellent communication skills Time management skills

Location: Johannesburg CBD, Gauteng, ZA

Posted Date: 10/4/2025