Allocations Accountant – SSAA

Main job function

ALLOCATIONS ACCOUNTANT HEAD OFFICE – DURBAN
Applications for interested and suitably qualified candidates are invited in respect of the above vacancy.

CORE PURPOSE OF THE JOB
To ensure the accurate allocation of business transactions to the correct reporting structures, whilst ensuring adherence to the bank’s policies and procedures, in order to provide Senior Management with sufficient information to assist with business strategies.

MAIN FUNCTIONS OF THE JOB

Develop processes, policies and procedures relating to the allocation of transactions
• Developing models that facilitate the efficient allocation of transactions to reporting areas.
• Drafting of procedures relevant to new processes implemented.

Ensuring that Balance Sheet positions are accurately allocated to reporting segments, including but not limited to:
• Advances
• Deposits
• Transactional Banking
• Provisions

Ensuring that Income Statement positions are accurately allocated to reporting segments, including but not limited to:
• Income earned from advances
• Profit paid to depositors
• Provisions
• Other income
• Staff Costs
• Other expenses

Special Projects
• Undertakes special projects and/or assignments as may be requested through the banks leadership structures.
• Introduces efficiencies to stream and enhance controls and procedures through automation and digitalisation.
• Evaluates and improves, where required, the overall effectiveness of the accounting function and system.
• Assist with financial decisioning for projects across the business taking into account principles of costing, expensing and capitalization.
• Involvement in and support to leadership on strategic issues including the transformation committee.
• Assist the reporting team with development of recons that allow better accuracy around financial information.

Staff support
• Assists other team members with queries and provides support in the completion of departmental tasks

QUALIFICATION

• B.Comm (Accounting) or similar financial qualification

PREFERRED EXPERIENCE

• A minimum of 3 – 5 years of experience is required in a Finance department.

KNOWLEDGE

• Strong MS Excel Skills
• Proficient in other MS Office applications (Word, PowerPoint)
• Strong reconciliation Skills
• Knowledge of the Banks Policies and Procedures

A Consultant will be in touch if you are shortlisted for the position. Please consider your application unsuccessful should you not have been contacted within 2 weeks. We will keep your CV on our database and contact you should you match the criteria of any other vacancies.