Standard Bank Group is hiring an Officer – VAF Reconciliations who engages stakeholders such as customers, Relationship Managers, Credit, Finance and Reconciliation with issues in respect to: Suspense accounts, Tax returns, Tax Invoices, and Insurance policies. Respond to customer queries and support the sales managers to track or originate deals in CAMs for personal clients.
Responsibilities;
Reconcile VAT Output and Input accounts. Issues Customer monthly E-Invoices on URA Portal per customer and sends the E-invoices to clients/ RMs. Ensure VAT tax invoices from Finacle per client CIF are issued
Be the key contact for both finance and Ops reconciliations teams with respect to VAF Reconciliations.
Verifies entries posted to ascertain correctness while posting as well as validate files disbursed to confirm correctness of end to end process
Monthly validation of interest rates for VAF deals against approved rates to ascertain variances
Engage the Clients/ RMs/ Customer to provide Insurance policies. Follow up on expired Insurance polices
Attend to VAF queries Attends to walk in clients.
Initiate and drive to simplicity, processes and procedures by recommending best practices. Highlight irregular practices and take corrective action whenever possible.
Qualifications
First Degree Business Commerce or related.
Alteast two years’ experience in reconciliation Suspense accounts. Basic understanding of processes and procedures.
Exposure and understanding of general accounting principles and practices. Exposure to working within an operations and processing type environment.
Additional Information
Technical Competencies:
Knowledge Management
Quality Control
Quality Management System Support
Stakeholder Management
Cash Reconciliation
Data Analysis
Financial Accounting
Information Management
Behavioural Competencies:
Articulating Information
Checking Things
Documenting Facts
Embracing Change
Establishing Rapport
Following Procedures
Interacting with People
Managing Tasks
Meeting Timescales
Team Working
Upholding Standards
Reconcile VAT Output and Input accounts. Issues Customer monthly E-Invoices on URA Portal per customer and sends the E-invoices to clients/ RMs. Ensure VAT tax invoices from Finacle per client CIF are issued Be the key contact for both finance and Ops reconciliations teams with respect to VAF Reconciliations. Verifies entries posted to ascertain correctness while posting as well as validate files disbursed to confirm correctness of end to end process Monthly validation of interest rates for VAF deals against approved rates to ascertain variances Engage the Clients/ RMs/ Customer to provide Insurance policies. Follow up on expired Insurance polices Attend to VAF queries Attends to walk in clients. Initiate and drive to simplicity, processes and procedures by recommending best practices. Highlight irregular practices and take corrective action whenever possible.
First Degree Business Commerce or related. Alteast two years’ experience in reconciliation Suspense accounts. Basic understanding of processes and procedures. Exposure and understanding of general accounting principles and practices. Exposure to working within an operations and processing type environment.
