Financial Analyst: Banking Services Gauteng

National Treasury is actively recruiting for a Financial Analyst: Banking Services position in Gauteng. This is an excellent opportunity for professionals in the Finance / Accounting / Audit sector looking to advance their careers.

• Experience Level: 2 years • Educational Background: National Diploma or equivalent • Industry Focus: Finance / Accounting / Audit • Location Preference: in Gauteng

Financial professionals like Financial Analyst: Banking Services are vital for organizational stability and compliance. This role offers the opportunity to impact business strategy and financial health.

This role in Finance / Accounting / Audit offers valuable career progression opportunities aligned with your experience level and professional aspirations.

When applying for this Financial Analyst: Banking Services position, ensure your CV highlights: • Relevant experience matching the 2 years requirement • Educational qualifications in line with National Diploma • Specific achievements in the Finance / Accounting / Audit field • Any certifications or specialized training

The Finance / Accounting / Audit sector in South Africa continues to show strong demand for skilled professionals. This position represents a valuable opportunity in the current job market.

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To assist and support the Banking Services in an administrative capacity in the provision of a banking service to stakeholders.

Qualification/s Requirements

A Grade 12 is required coupled with a minimum National Diploma (equivalent to NQF level 6) in Accounting; A Bachelor’s degree (equivalent to NQF level 7) in any of the above disciplines will be an added advantage; and A minimum 2 years’ experience obtained in a financial management environment; and basic knowledge of Accounting.

Initiate Payments: 

Initiate the authorisation of local and foreign payments on Safety Web banking System as per SWIFT Requirements; Process cancellation of payments on the system; Assist with grant payments to municipal primary account as prescribed in the Division of Revenue Act (DORA); Verify payments to municipalities excluded from the DORA schedule as set out per the agreed rules and regulations; Process any cancellation of foreign payments; Confirm local and foreign payments settled with SARB and Commercial Banks and verify against SWIFT messages and SARB report; Process cancellation of payments on the system; Assist with grant payments to municipal primary account as prescribed in the Division of Revenue Act (DORA); Verify payments to municipalities excluded from the DORA schedule as set out per the agreed rules and regulations; Process any cancellation of foreign payments; and Confirm local and foreign payments settled with SARB and Commercial Banks and verify against SWIFT messages and SARB report.

Verification of Banking Details:     

Upload and submit verification of Bank Details (AVS) to respective banks received from Central Supplier Database (CSD) system, SASSA grants, Assets and Liability Management, Pension and other Departments; Process cancellation of payments on the system; Assist with grant payments to municipal primary account as prescribed in the Division of Revenue Act (DORA); Verify payments to municipalities excluded from the DORA schedule as set out per the agreed rules and regulations; Process any cancellation of foreign payments; and Confirm local and foreign payments settled with SARB and Commercial Banks and verify against SWIFT messages and SARB report.

Verification of Banking Details:  

Upload and submit verification of Bank Details (AVS) to respective banks received from Central Supplier Database (CSD) system, SASSA grants, Assets and Liability Management, Pension and other Departments; Extract data files from banks and transfer to Central Supplier Database (CSD) system, SASSA grants, Assets and Liability Management, Pension and other Departments; and Reconcile daily number of AVS requests received from PMG account holders against data stakeholder banks. 

End-of-Business Process Clearence: 

Verify unmatched EBT Bank detail reports; Process deposits statements emanating from banking systems; Reconcile end-of-business processes suspense accounts and submit bank statements and monthly revenue reports to National Revenue Fund and financial systems; and Order deposit books on request of a department.

Admin support: 

Prepare documents for processing of bank charges; Follow up on outstanding departmental bank reconciliations; Obtain banking details of public entities and departments in terms of Section 7(2) of PFMA and Treasury regulations; and Distribute documents and departmental queries per cluster.

System maintenance, upgrade & enhancement testing: 

Assist with the testing of new releases of the Safety Web Banking system and updating manuals; and Assist with departmental training and preparation of procedure