Accountant: Bank Reconciliation

SALARY SCALE :

• R487 410 - R607 251 p.a. (excluding benefits)

BENEFITS OFFERED:

• Contribution to Medical Aid, Pension Fund and Housing Allowance.

TERM OF APPOINTMENT: PERMANENT

LOCATION: MIDDELBURG, MPUMALANGA (MP313)

REQUIREMENTS:

• Grade 12 plus National Diploma/ B Degree in Financial Accounting/ Cost and Management Accounting/ Local Governance Finance/ Public Finance Management and Administration or relevant equivalent qualification (NQF 6/7). Municipal Finance Management Programme (CPMD) would be an added advantage. 3-5 years' accounting experience. Experience in bank reconciliations and general ledger accounting. Knowledge of GRAP and MFMA will serve as an added advantage. Good Computer literacy (Ms Office) especially advanced in Excel. Valid Code B driver's license.

CORE/LEADING COMPETENCIES:

• Financial accounting and reconciliation skills, attentionnto detail and accuracy, analytical and problem-solving ability, ability to identify discrepancies and trace transactions. Ability to meet strict monthly reporting deadlines. Good written and verbal communication. Strong record-keeping and audit preparation skills

KEY PERFORMANCE AREAS:

• Perform daily, weekly and monthly bank reconciliations for all municipal bank accounts. Reconcile bank statements to the municipality's general ledger, cashbook and accounting records. Maintain proper supporting documentation and an audit trail for all reconciliations and adjustments. Ensure that all bank transactions are accurately and timeously captured in the municipality's financial system. Identify, investigate and resolve reconciling items such as outstanding deposits and receipts, electronic payments and transfers, bank charges and interest, unknown or incorrectly allocated transactions. Duplicate or erroneous entries. Prepare monthly bank reconciliation information. Prepare and post adjusting and correcting journal entries where required. Investigate unusual or irregular banking transactions and escalate potential financial control issues. Revenue and Receipting Reconciliations. Follow up on long-outstanding reconciling items and ensure that they are cleared within prescribed timeframes. Assist with the preparation of audit working papers and respond to audit queries relating to bank and cash balances. Ensure that bank reconciliations completed and reviewed in accordance with the municipality's financial policies, delegations and internal controls. Assist with cash flow monitoring and provide accurate information on available bank balances. Work closely with Revenue, Expenditure, Treasury, Accounts Payable, Accounts Receivable and General Ledger sections to resolve discrepancies. Responsible for 3rd party prepaid electricity reconciliations and ensuring proper monthly closure of accounts and records keeping. Ad-hoc responsibilities as per the CFO's request as and when.